The Genome Sequencing Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Genome Sequencing Market?
The market size of the genome sequencing has seen fast-paced growth recently. It has increased from $9.89 billion in 2024, and is projected to rise to $11.78 billion in 2025, with a compound annual growth rate (CAGR) of 19.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Genome Sequencing Industry?
The genome sequencing market is anticipated to expand to a size of $23.63 billion by the year 2029, with a compound annual growth rate (CAGR) of 19.0% expected.
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What are the Key Growth Drivers Fueling the Genome Sequencing Market?
The key drivers in the genome sequencing market are:
• Growth in genomic research
• Increase in the prevalence of genetic disorders and higher cancer occurrence
• Integration of genome sequencing with other omics
• Rising public awareness and acceptance of genome sequencing
Global Market Segmentation: Identifying Major Genome Sequencing Industry Segments
The genome sequencingmarket covered in this report is segmented –
1) By Product: Consumables, Systems And Software, Services
2) By Technology: Polymerase Chain Reaction (PCR), Sequencing, Microarray, Nucleic Acid Extraction, Purification, Other Technologies
3) By Applications: Diagnostics, Drug Discovery, Precision Medicine, Environmental Genomics, Research, Other Applications
4) By End-User: Hospitals And Clinics, Biotechnology And Pharmaceutical Companies, Contract Research Organizations (CROs), Government, Research Centers, Academic And Government Institutes, Other End-Users
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What are the emerging Trends Shaping the Future of the Genome Sequencing Market?
The key trends in the genome sequencing market are:
• Advancements in next-generation sequencing technologies are shaping the future of the market.
• The role of artificial intelligence and machine learning in genome sequencing is becoming more prevalent.
• The expansion of direct-to-consumer genetic testing is a major upcoming trend.
• There is a rising trend towards the development of portable sequencing devices and personalized medicine.
Who Are the Top Competitors & Leading Players in the Genome Sequencing Market?
Major companies in the genome sequencing market are:
• F. Hoffmann-La Roche Ltd.
• Thermo Fisher Scientific Inc.
• Abbott Laboratories
• Danaher Corporation
• Merck KGaA
• Siemens Healthineers
• Becton, Dickinson and Company
• Eurofins Genomics
• Agilent Technologies Inc.
• PerkinElmer
• Illumina Inc.
• bioMérieux
• Bio-Rad Laboratories Inc.
• QIAGEN N.V.
• 10x Genomics Inc.
• BGI Group
• Oxford Nanopore Technologies plc
• Pacific Biosciences of California Inc.
• GENEWIZ Inc.
• LI-COR Inc.
• CENTOGENE N.V.
• Bioneer Corporation
• Strand Life Sciences Pvt Ltd.
• Nebula Genomics
Regional Dominance: Which Area Leads the Global Genome Sequencing Market?
North America was the largest region in the genome sequencing market in 2024
