Canada Multiomics Market Size & Outlook, 2023-2030
Canada multiomics market, 2018-2030 (US$M)
Related Markets
Canada multiomics market highlights
- The Canada multiomics market generated a revenue of USD 92.5 million in 2023 and is expected to reach USD 279.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 17.1% from 2024 to 2030.
- In terms of segment, product was the largest revenue generating product & service in 2023.
- Services is the most lucrative product & service segment registering the fastest growth during the forecast period.
Multiomics market data book summary
| Market revenue in 2023 | USD 92.5 million |
| Market revenue in 2030 | USD 279.0 million |
| Growth rate | 17.1% (CAGR from 2023 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Services, Product |
| Key market players worldwide | Thermo Fisher Scientific Inc, Illumina Inc, Danaher Corp, Shimadzu Corp, Bruker Corp, Qiagen NV, Agilent Technologies Inc, BD, Revvity Inc, BGI Group |
Other key industry trends
- In terms of revenue, Canada accounted for 3.9% of the global multiomics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. multiomics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 279.0 million by 2030.
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Multiomics Market Scope
Multiomics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada multiomics 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 multiomics market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 60.43% in 2023. Horizon Databook has segmented the Canada multiomics market based on services, product covering the revenue growth of each sub-segment from 2018 to 2030.
The country’s strong healthcare system, ample natural resources, and diverse ecosystems have positioned the country as a leader in multiomics technology. Moreover, the increase in R&D in biotechnology due to growing funding by government organizations has led to increased demand for genomics, thus boosting the market share.
In 2018, Genome Canada, a nonprofit organization funded by the Canadian government, announced its collaboration with various Canadian provinces and organizations to invest a total of USD 204.4 million in two initiatives related to the advancement of genomic technology and precision medicine.
Moreover, in March 2022, the Canadian government allocated USD 13.8 million in federal funding to facilitate the advancement of genomics through 10 subsequent R&D initiatives. Thus, government initiatives and funding support for genomics research have contributed to the expansion of this market.
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Target buyers of Canada multiomics market databook
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Our clientele includes a mix of multiomics 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 Canada multiomics market , including forecasts for subscribers. This country databook contains high-level insights into Canada multiomics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada multiomics market size, by product & service, 2018-2030 (US$M)
Canada Multiomics Market Outlook Share, 2023 & 2030 (US$M)
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