Home > Healthcare > Biotechnology > Bioservices > Genomics Services Market

Genomics Services Market Share

Report ID: GMI5811
Published Date: May 2023
Report Format: PDF

Download Free Sample

Genomics Services Market Share

Some of the major industry players operating in the genomics services market are

Illumina, Inc.
QIAGEN
PerkinElmer Inc.
Eurofins Scientific
Macrogen, Inc.
GENEWIZ (Azenta, Inc.)
LGC Limited
Q2 Solutions
Bio Rad Laboratories, Inc.

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market size for genomics services was valued at around USD 4.3 billion in 2022 and is estimated to reach USD 12.3 billion by the end of 2032, owing growing genomic research along with rising popularity of non-invasive cancer screening-based research studies.

The next generation sequencing held a majority market value of USD 1.5 billion in 2022, on account of its increasing usage in clinical labs and hospitals due to benefits such as reproducibility, cost-effectiveness, and user-friendly attribute.

The research institutes segment is expected to show highest revenue with growth rate of 11.5% during 2023-2032, owing to the factors such as presence of researchers specialized in genomics, along with fundings from government agencies, private foundations, and industry collaborations.

North America market for genomics services is expected to reach USD 4.6 billion by end of 2032, backed by increasing demand for biotechnological practices, along with presence of several key players in the region.