Consainsights logo

Genomics Market

Genomics Market Market Research Report – Segmented By Product & Service (Consumables, Systems & Software, Services), By Technology (Sequencing, PCR, Nucleic Acid Extraction and Purification, Microarrays, Other Technologies), By Application (Drug Discovery and Development, Diagnostics, Agriculture and Animal Research, Other Applications), By End-user (Hospitals & Clinics, Research Centers and Academic & Government Institutes, Pharmaceutical & Biotechnology Companies, Other End-users), By Region (North America, Europe, Asia-Pacific, Rest of the World) & Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2027.

Table of contents

Executive Summary

Genomics Market was valued at US $33.99 billion in 2021 and is projected to grow at 21.84% CAGR over the forecast period to reach US $111.22 billion by 2027. Genomics Market represented US $11.10 billion opportunity over 2019-2021 and estimated to create US $77.23 billion opportunity in 2027 over 2021.

Genomics Market Size (2019 - 2027), USD billion

Genomics from Consainsights analyses the Genomics Market in the Life Sciences industry over the forecast period to 2027.

Genomics research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Genomics segmentation includes Product & Service, Technology, Application, End-user, Region and Geography.

Based on the Product & Service, the Genomics analysis covers Consumables, Systems & Software, Services.

In Product & Service segment, Consumables segment has highest cagr growth of 19.20%.

Revenue Share (%), By Product & Service (2021)

Based on the Technology, the Genomics analysis covers Sequencing, PCR, Nucleic Acid Extraction and Purification, Microarrays, Other Technologies.

In Technology segment, Sequencing segment has highest cagr growth of 19.20%.

Revenue Share (%), By Technology (2021)

Based on the Application, the Genomics analysis covers Drug Discovery and Development, Diagnostics, Agriculture and Animal Research, Other Applications.

In Application segment, Drug Discovery and Development segment has highest cagr growth of 19.20%.

Revenue Share (%), By Application (2021)

Based on the End-user, the Genomics analysis covers Hospitals & Clinics, Research Centers and Academic & Government Institutes, Pharmaceutical & Biotechnology Companies, Other End-users.

In End-user segment, Hospitals & Clinics segment has highest cagr growth of 19.20%.

Revenue Share (%), By End-user (2021)

Based on the Region, the Genomics analysis covers North America, Europe, Asia-Pacific, Rest of the World.

In Region segment, North America segment has highest cagr growth of 19.20%.

Revenue Share (%), By Region (2021)

Based on the region, the Genomics analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Major Players and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Product & Service

Introduction

In 2021, Consumables segment has the highest revenue of US $13.06 billion and is expected to grow at CAGR of 19.20% by 2027 Consumables segment has highest cagr growth of 19.20%.

Genomics Market Y-o-Y Growth (USD billion), By Product & Service 2019 - 2027
Genomics Market Size, By Product & Service, 2019-2027 (USD billion)

Consumables

Consumables segment was valued at US $8.80 billion in 2019 and is projected to grow at 19.20% CAGR over the forecast period to reach US $42.74 billion by 2027. Consumables segment represented US $4.26 billion opportunity over 2019-2021 and estimated to create US $29.68 billion opportunity in 2027 over 2021.

Consumables - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Systems & Software

Systems & Software segment was valued at US $8.16 billion in 2019 and is projected to grow at 19.20% CAGR over the forecast period to reach US $39.63 billion by 2027. Systems & Software segment represented US $3.95 billion opportunity over 2019-2021 and estimated to create US $27.52 billion opportunity in 2027 over 2021.

Systems & Software - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Services

Services segment was valued at US $5.94 billion in 2019 and is projected to grow at 19.20% CAGR over the forecast period to reach US $28.84 billion by 2027. Services segment represented US $2.88 billion opportunity over 2019-2021 and estimated to create US $20.03 billion opportunity in 2027 over 2021.

Services - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Technology

Introduction

In 2021, Sequencing segment has the highest revenue of US $13.70 billion and is expected to grow at CAGR of 19.20% by 2027 Sequencing segment has highest cagr growth of 19.20%.

Genomics Market Y-o-Y Growth (USD billion), By Technology 2019 - 2027
Genomics Market Size, By Technology, 2019-2027 (USD billion)

Sequencing

Sequencing segment was valued at US $9.23 billion in 2019 and is projected to grow at 19.20% CAGR over the forecast period to reach US $44.81 billion by 2027. Sequencing segment represented US $4.47 billion opportunity over 2019-2021 and estimated to create US $31.12 billion opportunity in 2027 over 2021.

Sequencing - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

PCR

PCR segment was valued at US $7.60 billion in 2019 and is projected to grow at 19.20% CAGR over the forecast period to reach US $36.90 billion by 2027. PCR segment represented US $3.68 billion opportunity over 2019-2021 and estimated to create US $25.62 billion opportunity in 2027 over 2021.

PCR - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Nucleic Acid Extraction and Purification

Nucleic Acid Extraction and Purification segment was valued at US $2.85 billion in 2019 and is projected to grow at 19.20% CAGR over the forecast period to reach US $13.85 billion by 2027. Nucleic Acid Extraction and Purification segment represented US $1.38 billion opportunity over 2019-2021 and estimated to create US $9.62 billion opportunity in 2027 over 2021.

Nucleic Acid Extraction and Purification - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Microarrays

Microarrays segment was valued at US $1.49 billion in 2019 and is projected to grow at 19.20% CAGR over the forecast period to reach US $7.26 billion by 2027. Microarrays segment represented US $0.72 billion opportunity over 2019-2021 and estimated to create US $5.04 billion opportunity in 2027 over 2021.

Microarrays - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Other Technologies

Other Technologies segment was valued at US $1.73 billion in 2019 and is projected to grow at 19.20% CAGR over the forecast period to reach US $8.39 billion by 2027. Other Technologies segment represented US $0.84 billion opportunity over 2019-2021 and estimated to create US $5.83 billion opportunity in 2027 over 2021.

Other Technologies - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Application

Introduction

In 2021, Drug Discovery and Development segment has the highest revenue of US $16.15 billion and is expected to grow at CAGR of 19.20% by 2027 Drug Discovery and Development segment has highest cagr growth of 19.20%.

Genomics Market Y-o-Y Growth (USD billion), By Application 2019 - 2027
Genomics Market Size, By Application, 2019-2027 (USD billion)

Drug Discovery and Development

Drug Discovery and Development segment was valued at US $10.88 billion in 2019 and is projected to grow at 19.20% CAGR over the forecast period to reach US $52.84 billion by 2027. Drug Discovery and Development segment represented US $5.27 billion opportunity over 2019-2021 and estimated to create US $36.69 billion opportunity in 2027 over 2021.

Drug Discovery and Development - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Diagnostics

Diagnostics segment was valued at US $6.80 billion in 2019 and is projected to grow at 19.20% CAGR over the forecast period to reach US $33.05 billion by 2027. Diagnostics segment represented US $3.30 billion opportunity over 2019-2021 and estimated to create US $22.95 billion opportunity in 2027 over 2021.

Diagnostics - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Agriculture and Animal Research

Agriculture and Animal Research segment was valued at US $4.70 billion in 2019 and is projected to grow at 19.20% CAGR over the forecast period to reach US $22.81 billion by 2027. Agriculture and Animal Research segment represented US $2.28 billion opportunity over 2019-2021 and estimated to create US $15.84 billion opportunity in 2027 over 2021.

Agriculture and Animal Research - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Other Applications

Other Applications segment was valued at US $0.52 billion in 2019 and is projected to grow at 19.20% CAGR over the forecast period to reach US $2.52 billion by 2027. Other Applications segment represented US $0.25 billion opportunity over 2019-2021 and estimated to create US $1.75 billion opportunity in 2027 over 2021.

Other Applications - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

End-user

Introduction

In 2021, Hospitals & Clinics segment has the highest revenue of US $15.02 billion and is expected to grow at CAGR of 19.20% by 2027 Hospitals & Clinics segment has highest cagr growth of 19.20%.

Genomics Market Y-o-Y Growth (USD billion), By End-user 2019 - 2027
Genomics Market Size, By End-user, 2019-2027 (USD billion)

Hospitals & Clinics

Hospitals & Clinics segment was valued at US $10.12 billion in 2019 and is projected to grow at 19.20% CAGR over the forecast period to reach US $49.15 billion by 2027. Hospitals & Clinics segment represented US $4.90 billion opportunity over 2019-2021 and estimated to create US $34.13 billion opportunity in 2027 over 2021.

Hospitals & Clinics - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Research Centers and Academic & Government Institutes

Research Centers and Academic & Government Institutes segment was valued at US $6.55 billion in 2019 and is projected to grow at 19.20% CAGR over the forecast period to reach US $31.80 billion by 2027. Research Centers and Academic & Government Institutes segment represented US $3.17 billion opportunity over 2019-2021 and estimated to create US $22.08 billion opportunity in 2027 over 2021.

Research Centers and Academic & Government Institutes - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Pharmaceutical & Biotechnology Companies

Pharmaceutical & Biotechnology Companies segment was valued at US $3.65 billion in 2019 and is projected to grow at 19.20% CAGR over the forecast period to reach US $17.73 billion by 2027. Pharmaceutical & Biotechnology Companies segment represented US $1.77 billion opportunity over 2019-2021 and estimated to create US $12.31 billion opportunity in 2027 over 2021.

Pharmaceutical & Biotechnology Companies - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Other End-users

Other End-users segment was valued at US $2.58 billion in 2019 and is projected to grow at 19.20% CAGR over the forecast period to reach US $12.54 billion by 2027. Other End-users segment represented US $1.25 billion opportunity over 2019-2021 and estimated to create US $8.71 billion opportunity in 2027 over 2021.

Other End-users - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Region

Introduction

In 2021, North America segment has the highest revenue of US $16.26 billion and is expected to grow at CAGR of 19.20% by 2027 North America segment has highest cagr growth of 19.20%.

Genomics Market Y-o-Y Growth (USD billion), By Region 2019 - 2027
Genomics Market Size, By Region, 2019-2027 (USD billion)

North America

North America segment was valued at US $10.95 billion in 2019 and is projected to grow at 19.20% CAGR over the forecast period to reach US $53.19 billion by 2027. North America segment represented US $5.31 billion opportunity over 2019-2021 and estimated to create US $36.93 billion opportunity in 2027 over 2021.

North America - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Europe

Europe segment was valued at US $6.55 billion in 2019 and is projected to grow at 19.20% CAGR over the forecast period to reach US $31.79 billion by 2027. Europe segment represented US $3.17 billion opportunity over 2019-2021 and estimated to create US $22.08 billion opportunity in 2027 over 2021.

Europe - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Asia-Pacific

Asia-Pacific segment was valued at US $4.64 billion in 2019 and is projected to grow at 19.20% CAGR over the forecast period to reach US $22.54 billion by 2027. Asia-Pacific segment represented US $2.25 billion opportunity over 2019-2021 and estimated to create US $15.65 billion opportunity in 2027 over 2021.

Asia-Pacific - Historical, Forecast Market Sizes (USD billion), 2019 - 2027

Rest of the World

Rest of the World segment was valued at US $0.76 billion in 2019 and is projected to grow at 19.20% CAGR over the forecast period to reach US $3.69 billion by 2027. Rest of the World segment represented US $0.37 billion opportunity over 2019-2021 and estimated to create US $2.56 billion opportunity in 2027 over 2021.

Rest of the World - Historical, Forecast Market Sizes (USD billion), 2019 - 2027