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Genomics Market Size

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Report ID: 6263
Published Date: Jul 03, 2024
Report Format: PDF, PPT

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Genomics Market Size

Genomics Market size was over USD 33.4 Billion in 2023 and is expected to exceed USD 335.1 Billion by the end of 2036, witnessing over 21.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of genomics is estimated at USD 39.9 Billion.

The genomics market revenue is booming due to the growing incidence of viral diseases and genetic disorders. The World Health Organization (WHO) published a report in 2024 that stated the mortality rate due to viral diseases such as hepatitis increased from 1.1 million to 1.3 million between 2019 and 2022. Moreover, the National Library of Medicine estimated in a report that 1 out of 3 adults globally suffer from multiple chronic conditions in their lifetime.

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Browse Key Market Insights with Data Illustration:

Genomics Market Size & Share, Growth Forecasts 2036

Author Credits: Radhika Pawar

Report ID: 6263
Published Date: Jul 03, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of the genomics market was over USD 33.4 billion.

The market size of the genomics market is projected to cross USD 335.1 billion by the end of 2036 expanding at a CAGR of 21.1% during the forecast period i.e., between 2024-2036.

The major players in the market are Bio-Rad Laboratories, Inc., BGI Genomics, Color Genomics, Inc., Danaher Corporation, Eppendorf AG, Eurofins Scientific, Fabric Genomics, Agilent Technologies Inc., and others.

In terms of application, the functional genomics segment is anticipated to garner the largest market share of 32.1% by 2036 and display lucrative growth opportunities during 2024-2036.

The market in the North American region is projected to hold the largest market share of 45.1% by the end of 2036 and provide more business opportunities in the future.

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