How Big is the Genetic Sequencing Market | Growth Insights & Size 2025

Q: How big is the genetic sequencing market?

The genetic sequencing market estimated at USD 11 billion in 2024 and is projected to reach USD 24 billion by 2031.

Q: What is the growth rate of the genetic sequencing market?

The genetic sequencing market is expected to grow at a CAGR of 11.4% from 2025 to 2031.

Q: What drives the growth of the genetic sequencing market?

Growth is fuelled by advancements in NGS technology, personalized medicine demand, and government-backed genomics research.

Q: Who are the major players in the market?

Key players include Illumina, Thermo Fisher, BGI, PacBio, and Oxford Nanopore.

Q: What trends are shaping the market?

Trends include AI integration, cloud-based data platforms, single-cell sequencing, and DTC testing kits.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA6354

Publication Date: Jul 2025

What is the size of Genetic Sequencing Market?

According to 6Wresearch internal database and industry insights, the Genetic Sequencing Market was estimated at USD 11 billion in 2024 and is projected to reach USD 24 billion by 2031, growing at a CAGR of 11.0% during the forecast period 2025–2031.

Due to numbers of growth factors including the increasing applications in precision medicine, declining sequencing costs, and growing investment in genomics research globally, the genetic sequencing market is predicted for growth in the forthcoming years.

Key Growth Drivers of the Genetic Sequencing Market

Rapid advancements in sequencing technologies and platforms
Rising demand for personalized and precision medicine
Growing research in genomics, oncology, and rare diseases
Expanding use in diagnostics, agriculture, and forensic science
Favourable government initiatives and funding for genomic projects

Genetic Sequencing Market Trends

Genetic Sequencing Market is growing over the years as the high-throughput sequencing methods like next-generation sequencing (NGS) are becoming widely adopted. Other trends such as shifting toward portable and real-time sequencers for faster diagnostics. Also, the cloud-based data analysis platforms are being used to manage large genomic datasets. With the time, the interest of customers is driving the growth of direct-to-consumer (DTC) genetic testing. Market is seeing rise in partnerships between healthcare providers and genomics firms to integrate sequencing in clinical workflows.

Emerging Developments in the Genetic Sequencing Market

Genetic Sequencing Market is seeing new developments which include the rise of single-cell sequencing for deeper biological insights and multi-omics integration for comprehensive disease profiling. CRISPR-based screening is being incorporated alongside sequencing for gene function analysis. Now, the companies are also investing in AI-powered genomic interpretation tools to streamline clinical decision-making. Further, ultra-long read sequencing is being explored to improve accuracy in detecting structural variations and complex mutations.