How Big is the Genomic Industry Market | Growth Insights & Size 2025

Q: How big is the genomic industry market?

The genomic industry market was estimated at USD 34 billion in 2024 and is projected to reach USD 79 billion by 2031

Q: What is the growth rate of the genomic industry market?

The genomic industry market is expected to grow at a CAGR of 12.2% from 2025 to 2031.

Q: What is driving growth in this industry?

Major drivers include demand for personalized medicine, technological innovations, and expanded healthcare applications.

Q: Who are the major players in the genomic industry?

Top companies include Illumina, Thermo Fisher Scientific, Oxford Nanopore, and 23andMe.

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.

Q: Do you also provide customisation in the market study?

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Code: MTA6346

Publication Date: Jul 2025

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According to 6Wresearch internal database and industry insights, the Genomic Industry Market was estimated at USD 34 billion in 2024 and is projected to reach USD 79 billion by 2031, growing at a CAGR of 12.2% during the forecast period 2025–2031.

Growth is being fuelled by increasing demand for personalized medicine, rapid advancements in genomic technologies, and broader applications across healthcare, agriculture, and biotechnology.

Key Growth Drivers of the Genomic Industry Market

Rising need for precision medicine and targeted therapies
Technological innovations in sequencing, gene editing, and bioinformatics
Growing government and private investments in genomic research
Increasing use of genomics in agriculture, diagnostics, and pharmaceuticals
Expansion of direct-to-consumer genetic testing services

Genomic Industry Market Trends

Genomic industry is rapidly evolving with some notable trends such as rising adoption of next-generation sequencing (NGS), cloud-based genome data platforms, and integrated multi-omics analysis. Other trends such as AI and machine learning are playing a major role in decoding complex genomic datasets. The demand for genome-based diagnostics is on the rise in oncology and rare diseases. Consumer genomics and personalized nutrition services are gaining traction, along with large-scale genome projects across various countries.

Emerging Developments in the Genomic Industry Market

Genomic industry market is experiencing major developments which include CRISPR-based gene editing, now being trailed for therapeutic use in cancer and genetic disorders. At the other side, population-scale genomics initiatives are helping to identify genetic variations across ethnic groups. Further, portable genome sequencers and edge computing are being introduced for field-level analysis. Also, the synthetic biology and genome writing technologies are also gaining momentum.