China Genomics Market Size & Outlook, 2023-2030
China genomics market, 2018-2030 (US$M)
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China genomics market highlights
- The China genomics market generated a revenue of USD 2,528.6 million in 2023 and is expected to reach USD 8,314.7 million by 2030.
- The China market is expected to grow at a CAGR of 18.5% from 2024 to 2030.
- In terms of segment, functional genomics was the largest revenue generating application in 2023.
- Pathway Analysis is the most lucrative application segment registering the fastest growth during the forecast period.
Genomics market data book summary
| Market revenue in 2023 | USD 2,528.6 million |
| Market revenue in 2030 | USD 8,314.7 million |
| Growth rate | 18.5% (CAGR from 2023 to 2030) |
| Largest segment | Functional genomics |
| Fastest growing segment | Pathway Analysis |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Functional Genomics, Epigenomics, Pathway Analysis, Biomarker Discovery |
| Key market players worldwide | Agilent Technologies Inc, Bio-Rad Laboratories Inc, Danaher Corp, Eppendorf, Eurofins Scientific SE, Roche Holding AG ADR, GE Aerospace, Illumina Inc, Myriad Genetics Inc, Oxford Nanopore Technologies PLC, Pacific Biosciences of California Inc, Qiagen NV, Quest Diagnostics Inc, Thermo Fisher Scientific Inc, 23andMe Holding Co Class A |
Other key industry trends
- In terms of revenue, China accounted for 7.7% of the global genomics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China genomics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,434.1 million by 2030.
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Genomics Market Scope
Genomics Market Companies
| Name | Profile | # Employees | HQ | Website |
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China genomics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to genomics market will help companies and investors design strategic landscapes.
Functional genomics was the largest segment with a revenue share of 32.24% in 2023. Horizon Databook has segmented the China genomics market based on functional genomics, epigenomics, pathway analysis, biomarker discovery covering the revenue growth of each sub-segment from 2018 to 2030.
The growing biotechnological and pharmaceutical sector has a direct positive impact on the growth of the genomics market. In addition, with the development of these industries, there is increased biotechnological development in China, which has led to an increase in the market share of genomics in China.
Improving healthcare infrastructure and growing healthcare expenditure by pharmaceutical companies and the government is expected to drive the genomics market. For instance, the Chinese government launched an initiative of Precision Medicine that could amount to around USD 9 billion over the next 15 years.
China has one of the fastest-growing and most advanced genomics markets. In 2020, the country’s genetic testing companies raised approximately USD 3 billion in financing. NGS can improve human health by enabling early diagnosis of rare diseases, more pathogen monitoring, and improved outcomes for cancer patients.
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Target buyers of China genomics market databook
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Our clientele includes a mix of genomics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China genomics market , including forecasts for subscribers. This country databook contains high-level insights into China genomics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China genomics market size, by application, 2018-2030 (US$M)
China Genomics Market Outlook Share, 2023 & 2030 (US$M)
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