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

Q: How big is the genomic market?

The genomic market was estimated USD 30 Billion in 2024 and is expected to reach USD 60 Billion by 2031

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

The genomic market is expected to grow at a CAGR of 10.00% from 2025 to 2031.

Q: What drives demand in the genomic market?

Main drivers include precision medicine adoption, genomic research funding, and new sequencing technologies.

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

Top players include Illumina, Thermo Fisher, Oxford Nanopore, Pacific Biosciences, and BGI Genomics.

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: MTA6340

Publication Date: Jul 2025

What is the size of Genomic Market?

According to 6Wresearch internal database and industry insights, Global Genomics Market was valued at USD 30 Billion in 2024 and is expected to reach USD 60 Billion by 2031, growing at a compound annual growth rate of 10.00% during the forecast period (2025-2031)

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This genomic market is predicted for the exceptional growth in the coming years due to increasing use of genomics in precision medicine, drug development, agriculture, and diagnostics, alongside continuous innovations in sequencing technologies and bioinformatics.

Key Growth Drivers of the Genomic Market

Rising demand for personalized and preventive healthcare
Technological advancements in sequencing and gene editing
Government and private investments in genomic research
Expanding applications in agriculture, diagnostics, and pharmaceuticals
Growing use of genomics in oncology, rare diseases, and infectious disease tracking

Genomic Market Trends

Genomic market is evolving with broader adoption of next-generation sequencing (NGS) and AI-driven genome interpretation. Integration with multi-omics and combining genomics with proteomics and metabolomics which is offering deeper biological insights. Market is noticed rise in direct-to-consumer genetic testing for ancestry and health-related traits. Also, cloud-based genomic data platforms are enabling faster analysis and collaboration. Further, national-level genome mapping initiatives are supporting public health and personalized treatment strategies.

Emerging Developments in the Genomic Market

Genomic market is seeing some emerging developments which include portable and real-time sequencing devices, enabling decentralized genomic testing. CRISPR-based editing is being explored for treating inherited and complex diseases. Paediatric genome sequencing is becoming more common for early diagnosis of rare conditions. Low-cost genome kits are introduced by the companies for wider accessibility. Further, synthetic genomics and AI-assisted genome prediction tools are helping researchers understand gene-disease relationships more efficiently.