Market Research Logo

Genomics Market by Product and Service (Systems & Software, Consumables, Services), Technology (Sequencing, Microarray, PCR), Application (Diagnostic Application, and Precision Medicine), End User (Research Institute) - Global Forecast to 2024

Genomics Market by Product and Service (Systems & Software, Consumables, Services), Technology (Sequencing, Microarray, PCR), Application (Diagnostic Application, and Precision Medicine), End User (Research Institute) - Global Forecast to 2024

“Genomics market is projected to grow at a CAGR of 13.5% during the forecast period”
The global genomics market is projected to reach USD 35.7 billion by 2024 from USD 18.9 billion in 2019, at a CAGR of 13.5% during the forecast period. Factors such as the rising government funding and growth in the number of genomics projects, decreasing sequencing costs, growing application areas of genomics, and the entry of new players and start-ups in the genomics field are driving the growth of the genomics market. However, the high cost of genomic equipment is one of the major factors restraining the growth of this market.

“The services segment is projected to grow at the highest CAGR during the forecast period”
Based on product & service, the genomics market is segmented into consumables, systems & software, and services. During the forecast period, the services segment is expected to grow at the highest CAGR majorly due to the increasing awareness of genomics and the reducing cost of DNA sequencing.

“Diagnostic applications to grow at the highest CAGR during the forecast period”
Based on application, the genomics market is segmented into diagnostics, drug discovery and development, personalized medicine, agriculture and animal research, and other applications. During the forecast period, the diagnostic applications segment is projected to grow at the highest CAGR majorly due to the increasing awareness of genomics among patients and the improving efficiency of genomic sequencing in the diagnosis of diseases.

“In the end-user market, the hospitals and clinics segment is estimated to witness the highest growth during the forecast period”
Based on end user, the genomics market is segmented into research centers and academic & government institutes, hospitals and clinics, pharmaceutical and biotechnology companies, and other end users. During the forecast period, the hospitals and clinics segment is estimated to grow at the highest CAGR owing to the growing availability of genetic tests and pharmacogenomics and the rising emphasis on providing personalized medicine in hospitals.

“Growing investments and favorable government initiatives for genomics research to offer growth opportunities in North America during the forecast period”

During the forecast period, the North American market is estimated to witness high growth owing to factors such as the implementation of favorable initiatives by governments in the US and Canada and rising investments in the pharmaceutical, biotechnology, medical, and academic research sectors in these countries.

Breakdown of supply-side primary interviews:
By Company Type - Tier I: 55%, Tier II: 25%, and Tier III: 20%
By Designation - C-level: 43%, Director-level: 32%, and Others: 25%
By Region - North America: 38%, Europe: 23%, Asia Pacific: 29%, and RoW: 10%

QIAGEN (Netherlands), Thermo Fisher Scientific (US), Bio-Rad Laboratories (US), Agilent Technologies (US), Illumina (US), Pacific Biosciences of California (US), Eurofins Scientific (Germany), BGI (China), GE Healthcare (UK), F. Hoffmann-La Roche (Switzerland), Oxford Nanopore Technologies (UK), and Eppendorf (Germany) are the major players operating in this market.

Research coverage:
This report studies the genomics market based on product and service, application, end user, and region. It also includes an analysis of factors (such as drivers, restraints, opportunities, and challenges) affecting market growth and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micromarkets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to four main regions and respective countries.

Key benefits of buying the report
This report focuses on various levels of analysis—industry trends, the market share of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the genomics market, and high-growth regions and their drivers, restraints, challenges, and opportunities. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • MARKET DATA VALIDATION AND TRIANGULATION
    • ASSUMPTIONS FOR THE STUDY
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • GENOMICS: MARKET OVERVIEW
    • NORTH AMERICA: GENOMICS MARKET, BY TECHNOLOGY, 2018
    • ASIA PACIFIC: GENOMICS MARKET, BY PRODUCT & SERVICE, 2018
    • GEOGRAPHICAL SNAPSHOT OF THE GENOMICS MARKET
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • GENOMICS MARKET, BY PRODUCT AND SERVICE
    • INTRODUCTION
      • Table GENOMICS MARKET, BY PRODUCT AND SERVICE, 2017–2024 (USD MILLION)
    • CONSUMABLES
      • CONSUMABLES FORMS THE LARGEST SEGMENT OF THE GENOMICS MARKET
        • Table GENOMICS MARKET FOR CONSUMABLES, BY COUNTRY, 2017–2024 (USD MILLION)
    • SYSTEMS & SOFTWARE
      • WITH GENOME SEQUENCING AVAILABLE AT SUBSTANTIALLY LOWER RATES, THE DEMAND FOR SYSTEMS & SOFTWARE IS EXPECTED TO INCREASE
        • Table GENOMICS MARKET FOR SYSTEMS/SOFTWARE, BY COUNTRY, 2017–2024 (USD MILLION)
    • SERVICES
      • THE SERVICES SEGMENT IS EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD
        • Table GENOMICS MARKET FOR SERVICES, BY COUNTRY, 2017–2024 (USD MILLION)
  • GENOMICS MARKET, BY TECHNOLOGY
    • INTRODUCTION
      • Table GENOMICS MARKET, BY TECHNOLOGY, 2017–2024 (USD MILLION)
    • PCR
      • PCR ALLOWS RESEARCHERS TO PRODUCE MILLIONS OF COPIES OF A SPECIFIC DNA SEQUENCE WITHIN HOURS
        • Table GENOMICS MARKET FOR PCR, BY COUNTRY, 2017–2024 (USD MILLION)
    • SEQUENCING
      • INCREASING APPLICATIONS OF SEQUENCING IN ANIMAL BREEDING, AGRICULTURE, AND HUMAN GENOMICS TO DRIVE MARKET GROWTH
        • Table GENOMICS MARKET FOR SEQUENCING, BY COUNTRY, 2017–2024 (USD MILLION)
    • MICROARRAY
      • MICROARRAY TECHNOLOGIES ARE WIDELY USED IN THE FIELD OF GENOMICS DUE TO THEIR LOW COST
        • Table GENOMICS MARKET FOR MICROARRAY, BY COUNTRY, 2017–2024 (USD MILLION)
    • NUCLEIC ACID EXTRACTION AND PURIFICATION
      • ADVANCES IN NUCLEIC ACID EXTRACTION AND PURIFICATION TECHNOLOGIES ARE EXPECTED TO SUPPORT THE GROWTH OF THIS MARKET
        • Table GENOMICS MARKET FOR NUCLEIC ACID EXTRACTION AND PURIFICATION, BY COUNTRY, 2017–2024 (USD MILLION)
    • OTHER TECHNOLOGIES
      • Table GENOMICS MARKET FOR OTHER TECHNOLOGIES, BY COUNTRY, 2017–2024 (USD MILLION)
  • GENOMICS MARKET, BY APPLICATION
    • INTRODUCTION
      • Table GENOMICS MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
    • DIAGNOSTICS
      • DIAGNOSTICS FORMS THE LARGEST AND FASTEST-GROWING APPLICATION SEGMENT OF THE GENOMICS MARKET
        • Table GENOMICS MARKET FOR DIAGNOSTICS, BY COUNTRY, 2017–2024 (USD MILLION)
    • DRUG DISCOVERY AND DEVELOPMENT
      • GROWING APPLICATION OF GENOMICS IN THE AREA OF DRUG DISCOVERY AND DEVELOPMENT TO PROPEL MARKET GROWTH
        • Table GENOMICS MARKET FOR DRUG DISCOVERY AND DEVELOPMENT, BY COUNTRY, 2017–2024 (USD MILLION)
    • PRECISION MEDICINE
      • PRECISION MEDICINE FOCUSES ON IDENTIFYING THE MOST EFFECTIVE MEDICAL TREATMENTS FOR PATIENTS BASED ON THEIR GENETIC, ENVIRONMENTAL, AND LIFESTYLE FACTORS
        • Table GENOMICS MARKET FOR PRECISION MEDICINE, BY COUNTRY, 2017–2024 (USD MILLION)
    • AGRICULTURE & ANIMAL RESEARCH
      • GENOMICS HELPS IN IMPROVING THE PRODUCTIVITY OF CROPS AND LIVESTOCK
        • Table GENOMICS MARKET FOR AGRICULTURE & ANIMAL RESEARCH, BY COUNTRY, 2017–2024 (USD MILLION)
    • OTHER APPLICATIONS
      • Table GENOMICS MARKET FOR OTHER APPLICATIONS, BY COUNTRY, 2017–2024 (USD MILLION)
  • GENOMICS MARKET, BY END USER
    • INTRODUCTION
      • Table GENOMICS MARKET, BY END USER, 2017–2024 (USD MILLION)
    • RESEARCH CENTERS AND ACADEMIC & GOVERNMENT INSTITUTES
      • INCREASE IN RESEARCH INTENSITY TO DRIVE THE USAGE OF GENOMICS SYSTEMS AMONG ACADEMIC & GOVERNMENT INSTITUTES
        • Table GENOMICS MARKET FOR RESEARCH CENTERS AND ACADEMIC & GOVERNMENT INSTITUTES, BY COUNTRY, 2017–2024 (USD MILLION)
    • HOSPITALS & CLINICS
      • INCREASING DEMAND FOR PHARMACOGENOMICS TO DRIVE THE ACCEPTANCE OF NGS IN HOSPITALS
        • Table GENOMICS MARKET FOR HOSPITALS & CLINICS, BY COUNTRY, 2017–2024 (USD MILLION)
    • PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES
      • GROWING IMPORTANCE OF BIOMARKERS TO DRIVE THE USE OF GENOMIC SYSTEMS AND SERVICES AMONG PHARMA & BIOTECH COMPANIES
        • Table GENOMICS MARKET FOR PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES, BY COUNTRY, 2017–2024 (USD MILLION)
    • OTHER END USERS
      • Table GENOMICS MARKET FOR OTHER END USERS, BY COUNTRY, 2017–2024 (USD MILLION)
  • GENOMICS MARKET, BY REGION
    • INTRODUCTION
      • Table GENOMICS MARKET, BY REGION, 2017–2024 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: GENOMICS MARKET, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: GENOMICS MARKET, BY PRODUCT & SERVICE, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: GENOMICS MARKET, BY TECHNOLOGY, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: GENOMICS MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: GENOMICS MARKET, BY END USER, 2017–2024 (USD MILLION)
      • US
        • Table US: GENOMICS MARKET, BY PRODUCT & SERVICE, 2017–2024 (USD MILLION)
        • Table US: GENOMICS MARKET, BY TECHNOLOGY, 2017–2024 (USD MILLION)
        • Table US: GENOMICS MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
        • Table US: GENOMICS MARKET, BY END USER, 2017–2024 (USD MILLION)
      • CANADA
        • Table INDICATIVE LIST OF PROJECTS FUNDED BY GAPP IN 2018
        • Table CANADA: GENOMICS MARKET, BY PRODUCT & SERVICE, 2017–2024 (USD MILLION)
        • Table CANADA: GENOMICS MARKET, BY TECHNOLOGY, 2017–2024 (USD MILLION)
        • Table CANADA: GENOMICS MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
        • Table CANADA: GENOMICS MARKET, BY END USER, 2017–2024 (USD MILLION)
    • EUROPE
      • Table EUROPE: GENOMICS MARKET, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table EUROPE: GENOMICS MARKET, BY PRODUCT & SERVICE, 2017–2024 (USD MILLION)
      • Table EUROPE: GENOMICS MARKET, BY TECHNOLOGY, 2017–2024 (USD MILLION)
      • Table EUROPE: GENOMICS MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
      • Table EUROPE: GENOMICS MARKET, BY END USER, 2017–2024 (USD MILLION)
      • UK
        • Table UK: GENOMICS MARKET, BY PRODUCT & SERVICE, 2017–2024 (USD MILLION)
        • Table UK: GENOMICS MARKET, BY TECHNOLOGY, 2017–2024 (USD MILLION)
        • Table UK: GENOMICS MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
        • Table UK: GENOMICS MARKET, BY END USER, 2017–2024 (USD MILLION)
      • GERMANY
        • Table GERMANY: GENOMICS MARKET, BY PRODUCT & SERVICE, 2017–2024 (USD MILLION)
        • Table GERMANY: GENOMICS MARKET, BY TECHNOLOGY, 2017–2024 (USD MILLION)
        • Table GERMANY: GENOMICS MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
        • Table GERMANY: GENOMICS MARKET, BY END USER, 2017–2024 (USD MILLION)
      • FRANCE
        • Table FRANCE: GENOMICS MARKET, BY PRODUCT & SERVICE, 2017–2024 (USD MILLION)
        • Table FRANCE: GENOMICS MARKET, BY TECHNOLOGY, 2017–2024 (USD MILLION)
        • Table FRANCE : GENOMICS MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
        • Table FRANCE: GENOMICS MARKET, BY END USER, 2017–2024 (USD MILLION)
      • ROE
        • Table ROE: GENOMICS MARKET, BY PRODUCT & SERVICE, 2017–2024 (USD MILLION)
        • Table ROE: GENOMICS MARKET, BY TECHNOLOGY, 2017–2024 (USD MILLION)
        • Table ROE: GENOMICS MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
        • Table ROE: GENOMICS MARKET, BY END USER, 2017–2024 (USD MILLION)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: GENOMICS MARKET, BY COUNTRY, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC: GENOMICS MARKET, BY PRODUCT & SERVICE, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC: GENOMICS MARKET, BY TECHNOLOGY, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC: GENOMICS MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC: GENOMICS MARKET, BY END USER, 2017–2024 (USD MILLION)
      • CHINA
        • Table CHINA: GENOMICS MARKET, BY PRODUCT & SERVICE, 2017–2024 (USD MILLION)
        • Table CHINA: GENOMICS MARKET, BY TECHNOLOGY, 2017–2024 (USD MILLION)
        • Table CHINA: GENOMICS MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
        • Table CHINA: GENOMICS MARKET, BY END USER, 2017–2024 (USD MILLION)
      • INDIA
        • Table INDIA: GENOMICS MARKET, BY PRODUCT & SERVICE, 2017–2024 (USD MILLION)
        • Table INDIA: GENOMICS MARKET, BY TECHNOLOGY, 2017–2024 (USD MILLION)
        • Table INDIA: GENOMICS MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
        • Table INDIA: GENOMICS MARKET, BY END USER, 2017–2024 (USD MILLION)
      • JAPAN
        • Table JAPAN: GENOMICS MARKET, BY PRODUCT & SERVICE, 2017–2024 (USD MILLION)
        • Table JAPAN: GENOMICS MARKET, BY TECHNOLOGY, 2017–2024 (USD MILLION)
        • Table JAPAN: GENOMICS MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
        • Table JAPAN: GENOMICS MARKET, BY END USER, 2017–2024 (USD MILLION)
      • REST OF ASIA PACIFIC
        • Table ROAPAC: GENOMICS MARKET, BY PRODUCT & SERVICE, 2017–2024 (USD MILLION)
        • Table ROAPAC: GENOMICS MARKET, BY TECHNOLOGY, 2017–2024 (USD MILLION)
        • Table ROAPAC: GENOMICS MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
        • Table ROAPAC: GENOMICS MARKET, BY END USER, 2017–2024 (USD MILLION)
    • REST OF THE WORLD
      • Table ROW: GENOMICS MARKET, BY REGION, 2017–2024 (USD MILLION)
      • Table ROW: GENOMICS MARKET, BY PRODUCT & SERVICE, 2017–2024 (USD MILLION)
      • Table ROW: GENOMICS MARKET, BY TECHNOLOGY, 2017–2024 (USD MILLION)
      • Table ROW: GENOMICS MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
      • Table ROW: GENOMICS MARKET, BY END USER, 2017–2024 (USD MILLION)
      • MIDDLE EAST AND AFRICA
        • Table MIDDLE EAST AND AFRICA: GENOMICS MARKET, BY PRODUCT & SERVICE, 2017–2024 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: GENOMICS MARKET, BY TECHNOLOGY, 2017–2024 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: GENOMICS MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
        • Table MIDDLE EAST AND AFRICA: GENOMICS MARKET, BY END USER, 2017–2024 (USD MILLION)
      • LATIN AMERICA
        • Table LATIN AMERICA: GENOMICS MARKET, BY PRODUCT & SERVICE, 2017–2024 (USD MILLION)
        • Table LATIN AMERICA: GENOMICS MARKET, BY TECHNOLOGY, 2017–2024 (USD MILLION)
        • Table LATIN AMERICA: GENOMICS MARKET, BY APPLICATION, 2017–2024 (USD MILLION)
        • Table LATIN AMERICA: GENOMICS MARKET, BY END USER, 2017–2024 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
      • THERMO FISHER SCIENTIFIC
      • ILLUMINA
      • QIAGEN
      • OTHERS
    • COMPETITIVE SCENARIO
      • PRODUCT LAUNCHES AND APPROVALS
        • Table PRODUCT LAUNCHES AND APPROVALS
      • EXPANSIONS
        • Table EXPANSIONS
      • AGREEMENTS AND COLLABORATIONS
        • Table AGREEMENTS AND COLLABORATIONS
      • ACQUISITIONS
        • Table ACQUISITIONS
    • COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET) (2018)
      • VISIONARY LEADERS
      • INNOVATORS
      • DYNAMIC DIFFERENTIATORS
      • EMERGING COMPANIES
    • COMPETITIVE BENCHMARKING
      • ANALYSIS OF THE PRODUCT PORTFOLIO OF MAJOR PLAYERS IN THE GENOMICS MARKET (25 COMPANIES)
      • BUSINESS STRATEGIES ADOPTED BY MAJOR PLAYERS IN THE GENOMICS MARKET (25 COMPANIES)
    • COMPETITIVE LEADERSHIP MAPPING (START-UP) (2018)
      • PROGRESSIVE COMPANIES
      • STARTING BLOCKS
      • DYNAMIC COMPANIES
      • RESPONSIVE COMPANIES
  • COMPANY PROFILES
    • ILLUMINA, INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • THERMO FISHER SCIENTIFIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • QIAGEN
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • EUROFINS SCIENTIFIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • AGILENT TECHNOLOGIES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • OXFORD NANOPORE TECHNOLOGIES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • F. HOFFMANN-LA ROCHE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BIO-RAD LABORATORIES
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • BGI
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • DANAHER CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GE HEALTHCARE
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • EPPENDORF
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report