Germany Genomics Market Size & Outlook, 2023-2030
Germany genomics market, 2018-2030 (US$M)
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Germany genomics market highlights
- The Germany genomics market generated a revenue of USD 953.3 million in 2023 and is expected to reach USD 3,005.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 17.8% 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 953.3 million |
| Market revenue in 2030 | USD 3,005.8 million |
| Growth rate | 17.8% (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, Germany accounted for 2.9% 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 Europe, Spain genomics market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 3,005.8 million by 2030.
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Genomics Market Scope
Genomics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 32.29% in 2023. Horizon Databook has segmented the Germany genomics market based on functional genomics, epigenomics, pathway analysis, biomarker discovery covering the revenue growth of each sub-segment from 2018 to 2030.
According to Robert Koch Institute, in Germany, each year 480,000 people are diagnosed with cancer, which increases the need for rapid diagnostics. An in-depth analysis of genome of cancerous cells is important for optimal understanding of diseases to advance treatment.
Hence, the German Cancer Consortium, in association with German Cancer Research, invested in the Illumina HiSeq X sequencing solution in 2015. With the ability to sequence more than 18,000 genomes annually, it is the first and most innovative technology in the world to provide complete coverage of the human entire genome for under EUR 1,000 per genome.
Such devices can enable scientists to detect all cancer-related genetic variations in the shortest time. These factors are anticipated to lead to substantial growth of the market over the forecast period.
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Target buyers of Germany 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 Germany genomics market , including forecasts for subscribers. This country databook contains high-level insights into Germany genomics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany genomics market size, by application, 2018-2030 (US$M)
Germany Genomics Market Outlook Share, 2023 & 2030 (US$M)
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