Groowe Groowe BETA / Newsroom
⏱ News is delayed by 15 minutes. Sign in for real-time access. Sign in

Genomics Market worth $85.09 billion by 2030 with 12.6% CAGR | MarketsandMarkets™

prnewswire.com
ILMN Illumina is highlighted as a global leader in genome sequencing solutions with consistent investment in R&D, leading to innovation and expanded applications, such as the launch of Illumina Complete Long Read Prep, Human. TMO Thermo Fisher Scientific is a leading provider in the genomics market, operating through its Life Science Solutions segment. The company's launch of the Stellar MS platform for translational omics research indicates continued innovation and market presence. DHR Danaher Corporation offers genomics products through its subsidiaries and invests in innovation, evidenced by a recent partnership to integrate NGS capabilities, strengthening its position in the market. AGNC Agilent Technologies, Inc. is mentioned as a key player in the genomics market. No specific positive or negative developments are detailed in the article for this company. PACB PacBio is listed as a key player in the genomics market. The article does not provide specific details about its performance or recent activities. NVTA ABT Abbott is listed as a key player in the genomics market. The article does not provide specific details about its performance or recent activities. LH Laboratory Corporation of America Holdings is mentioned as a key player in the genomics market. No specific positive or negative developments are detailed in the article for this company. IQV IQVIA Inc. is listed as a key player in the genomics market. The article does not provide specific details about its performance or recent activities. CRL Charles River Laboratories is mentioned as a key player in the genomics market. The article does not provide specific details about its performance or recent activities. BIIB Bio-Rad Laboratories, Inc. is listed as a key player in the genomics market. The article does not provide specific details about its performance or recent activities. BDX BD is mentioned as a key player in the genomics market. The article does not provide specific details about its performance or recent activities. REV

DELRAY BEACH, Fla., Nov. 20, 2025 /PRNewswire/ -- The global Genomics Market, valued at US$44.52 billion in 2024, stood at US$47.07 billion in 2025 and is projected to advance at a resilient CAGR of 12.6% from 2025 to 2030, culminating in a forecasted valuation of US$85.09 billion by the end of the period. Market growth can be attributed to increasing government funding for genomics projects, rising applications of NGS in chronic disorders, advancements in NGS platforms, and growing applications of genomics. Furthermore, the increasing use of genomics in precision medicine further contributes to market growth.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=613

Browse in-depth TOC on " Genomics Market "

350 - Tables

50 - Figures

310 - Pages

By offerings, the genomics market is segmented into products and services. The products segment accounted for the largest share of the genomics market in 2024. The large share of the products segment can be attributed to innovations in genomics technology, such as long-read sequencing (LRS), single-cell genomics, and CRISPR technology, which have expanded product offerings and applications, thereby boosting demand for specialized products and technologies.

By study type, the genomics market has been segmented into functional genomics, biomarker discovery, pathway analysis, epigenomics, and other study types. In 2024, the functional genomics segment accounted for the largest market share. This segment is also expected to experience the fastest growth during the forecast period due to its essential role in identifying potential drug targets, particularly in fields such as cancer and genetic disorders. This critical nature is driving its widespread adoption in pharmaceutical research. Meanwhile, the biomarker discovery segment holds the second-largest share of the market.

By geography, the genomics market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Asia Pacific is expected to register the fastest growth in the genomics market during the forecast period, driven by increasing government funding for genomic research, expanding healthcare infrastructure, and the rising adoption of precision medicine initiatives across major countries, including China, Japan, and India. Growing investments by global and regional players, coupled with a large patient pool for genetic and chronic diseases, further accelerate market expansion.

Request Sample Pages : https://www.marketsandmarkets.com/requestsampleNew.asp?id=613

Key players in the genomics market include Illumina, Inc. (US), Thermo Fisher Scientific Inc. (US), F. Hoffmann-La Roche Ltd. (Switzerland), Danaher Corporation (US), QIAGEN (Germany), Agilent Technologies, Inc. (US), Revvity, Inc. (US), Laboratory Corporation of America Holdings (US), IQVIA Inc. (US), Charles River Laboratories (US), Bio-Rad Laboratories, Inc. (US), Eurofins Scientific (Luxembourg), PacBio (US), Oxford Nanopore Technologies Plc. (UK), Takara Bio Inc. (Japan), BGI Group (China), Eppendorf SE (Germany), Merck KGaA (Germany), BD (US), Abbott (US), 10X Genomics, Inc. (US), New England Biolabs (US), Promega Corporation (US), Creative Biogene (US), Novogene Co., Ltd. (China), Helix, Inc. (US), Phalanx Biotech Group (US), and Polaris Genomics (US).

Illumina, Inc. (US):

Illumina is a global leader in genome sequencing solutions, enabling researchers to explore the functions of genetic variants and underlying biological processes. The company's product portfolio encompasses consumables, integrated systems, and analytical instruments designed to simplify genetic analysis. Genomics products are primarily offered under Illumina's Equipment and Consumables segment, while genomics-related services are delivered through its Service and Other Revenue segment. Illumina's consistent investment in research and development has strengthened its innovation capabilities, enhanced product accuracy, and expanded the range of genomic applications. A key example is the Illumina Complete Long Read Prep, Human, the first product developed using its proprietary Illumina Complete Long Read technology, launched in March 2023. This solution enables high-performance, long-read human whole-genome sequencing and is compatible with the NovaSeq X Plus, NovaSeq X, and NovaSeq 6000 sequencing systems.

Thermo Fisher Scientific Inc. (US)

Thermo Fisher Scientific Inc. is a leading global provider of medical equipment, analytical instruments, reagents and consumables, software, and related services. The company operates in the genomics market primarily through its Life Science Solutions segment, with products and services offered under its Genetic Sciences and Biosciences businesses. With operations spanning over 100 countries, Thermo Fisher maintains a strong international presence. The company pursues both organic and inorganic growth strategies to strengthen its market position and expand its technological capabilities. For example, in June 2024, Thermo Fisher launched Stellar MS, a high-performance mass spectrometry platform that integrates speed and sensitivity to advance translational omics research.

Danaher Corporation (US)

Danaher Corporation manufactures and commercializes medical, industrial, and commercial products and services. The company offers genomics products through its subsidiaries, Integrated DNA Technologies, Inc., Cepheid, Inc., and Beckman Coulter, which operates under the Life Sciences and Diagnostics segments. The company provides products & services to pharmaceutical and biotechnology companies, colleges & universities, research institutes, and government bodies (including government testing & diagnostic centers) through its sales and distribution office network.

The company invests in innovation and implements strategies such as product launches, partnerships, and collaborations. For instance, in May 2024, Integrated DNA Technologies, a subsidiary of Danaher, partnered with Molecular Health to integrate its NGS capabilities and extend genomic profiling.

For more information, Inquire Now!

Related Reports:

CRISPR Market

Gene Editing Market

NGS-based RNA-sequencing Market

Epigenetics Market

Bioinformatics Market

Get access to the latest updates on Genomics Companies and Genomics Market Size

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Rohan Salgarkar

MarketsandMarkets™ INC.

1615 South Congress Ave.

Suite 103, Delray Beach, FL 33445

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Visit Our Website: https://www.marketsandmarkets.com/

Logo: https://mma.prnewswire.com/media/1868219/MarketsandMarkets_Logo.jpg

SOURCE MarketsandMarkets