How Has the Genomic Data Analysis And Interpretation Market Size Evolved in Recent Years?
The genomic data analysis and interpretation market has seen considerable growth due to a variety of factors.
• The genomic data analysis and interpretation market has expanded rapidly in recent years. It is expected to grow from $1.29 billion in 2024 to $1.47 billion in 2025, at a compound annual growth rate (CAGR) of 13.5%.
This growth is driven by the proliferation of direct-to-consumer genetic testing services, growing public interest in genomics, advancements in next-generation sequencing (NGS) technologies, the integration of genomics into oncology, and increasing FDA approvals for genomic-based diagnostics and therapeutics.
What Are The Predictions for The Genomic Data Analysis And Interpretation Market in the Coming Years?
The genomic data analysis and interpretation market is expected to maintain its strong growth trajectory in upcoming years.
• The genomic data analysis and interpretation market is expected to see rapid growth, reaching $2.42 billion by 2029, at a CAGR of 13.3%.
Growth will be driven by the increasing demand for personalized medicine, a boost in research and development, wider adoption of high-throughput sequencing technologies, growing awareness of genetic testing, and genomics' expanding role in agriculture. Key trends will include the integration of multi-omics data, advancements in AI and machine learning, the expansion of epigenomic analysis, the shift toward cloud-based genomic platforms, and growth in pharmacogenomics.
Which Drivers Are Accelerating Growth In The Genomic Data Analysis And Interpretation Market?
The genomic data analysis and interpretation market is expected to grow with the increasing number of cancer cases. Rising cancer rates, driven by an aging population, poor lifestyle choices, and environmental pollution, are contributing to this demand. Genomic data analysis helps identify genetic mutations and develop personalized treatment strategies for improved outcomes. For example, in 2024, the National Cancer Institute projected that the number of cancer survivors in the U.S. would rise to 22.5 million by 2032, with new cancer cases expected to reach 29.9 million by 2040. This growing cancer burden is driving the genomic data analysis and interpretation market.
What Are The Core Segments Of The Global Genomic Data Analysis And Interpretation Market?
The genomic data analysis and interpretation market covered in this report is segmented –
1) By Product: Software, Services
2) By Application: Functional Genomics, Real-time Polymerase Chain Reaction (PCR), Transfection, Single Nucleotide Polymorphisms (SNP) Analysis, Mutational Analysis, Microarray Analysis, Ribonucleic Acid (RNA) Interference, Pathway Analysis
3) By End User: Research And Academic Institutions, Biotechnology And Biopharmaceutical Companies, Hospitals And Diagnostic Laboratories, Contract Research Organizations, Forensic Laboratories, Other End Users
Subsegments:
1) By Software: Data Analysis Software, Genome Sequencing Software, Bioinformatics Software, Variant Analysis Software, Cloud-Based Genomic Software, Other Software Solutions
2) By Services: Genomic Data Analysis Services, Genome Sequencing Services, Bioinformatics Services, Consulting Services, Interpretation And Reporting Services, Cloud-Based Genomic Services, Other Services
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Which Emerging Market Trends Are Altering The Genomic Data Analysis And Interpretation Industry?
Primary players in the genomic data analysis and interpretation marketplace are concentrating their efforts on creating novel services such as cutting-edge long-read sequencing facilities to gain a market advantage. Cutting-edge long-read sequencing services utilize innovative technology to examine genetic content with more prolonged sequence reads, resulting in a more thorough and correct DNA and RNA characterization. For instance, in April 2024, Clinical-Microbiomics A/S, a Denmark-based biotechnology firm, introduced Advanced Long-Read 16S, ITS, 18S, Isolate, and metagenomics sequencing facilities. These services aim to satisfy the academic, clinical, and industrial research communities' requirements. These facilities offer more detailed insights into microbial communities by producing longer reads, allowing for differentiation between closely related organisms, and assigning specific functions to these organisms. Additionally, the data gathered from long-read sequencing supports the creation of high-grade metagenome-assembled genomes, providing a more precise and complete comprehension of the microbial ecosystem.
Who Are the Key Players In The Genomic Data Analysis And Interpretation Market?
Major companies operating in the genomic data analysis and interpretation market are:
• F. Hoffmann-La Roche AG
• Thermo Fisher Scientific Inc.
• Agilent Technologies Inc.
• Illumina Inc.
• Bio-Rad Laboratories Inc.
• QIAGEN N.V.
• Beijing Genomics Institute (BGI) Genomics Co. Ltd.
• Guardant Health Inc.
• 10x Genomics Inc.
• Oxford Nanopore Technologies Inc.
• Pacific Biosciences of California Inc.
• SOPHiA GENETICS Inc.
• DNAnexus Inc.
• Seven Bridges Genomics Inc.
• ASURAGEN INC.
• Fabric Genomics Inc.
• DNASTAR Inc.
• Genoox
• Golden Helix Inc.
• Partek Inc.
• SoftGenetics LLC
• Cantada Bio
• Geneyx Genomex Ltd.
• Freenome Holdings Inc.
• BlueBee Inc.
What Are The Regional Insights Into The Genomic Data Analysis And Interpretation Market?
North America was the largest region in the genomic data analysis and interpretation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the genomic data analysis and interpretation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
