North America Genomics Market Size & Outlook, 2023-2030
North America genomics market, 2018-2030 (US$M)
Related Markets
North America genomics market highlights
- The North America genomics market generated a revenue of USD 13,922.0 million in 2023.
- The market is expected to grow at a CAGR of 16.7% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 13,922.0 million |
| Market revenue in 2030 | USD 40,979.9 million |
| Growth rate | 16.7% (CAGR from 2023 to 2030) |
| Largest segment | Functional genomics |
| Fastest growing segment | Pathway Analysis |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 42.6% of the global genomics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 19,759.5 million by 2030.
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Genomics Market Scope
Genomics Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 32.17% in 2023. Horizon Databook has segmented the North America genomics market based on functional genomics, epigenomics, pathway analysis, biomarker discovery covering the revenue growth of each sub-segment from 2018 to 2030.
Presence of a substantial number of market players in the genomics market .Governments in the region are undertaking several initiatives to improve genomics services. Increasing healthcare spending by the government and rising per capita income are some of the factors creating opportunities in the genomics market.
High cost of infrastructure and labor may restrict market growth. Stringent regulatory framework can slow down the market growth.
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Target buyers of North America 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 continent-level data and insights on the North America genomics market , including forecasts for subscribers. This continent databook contains high-level insights into North America genomics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America genomics market size, by country, 2018-2030 (US$M)
North America Genomics Market Outlook Share, 2023 & 2030 (US$M)
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