Genomics Market to Hit USD 66.85 Billion by 2029 with 9.4% CAGR | MarketsandMarkets | PR Newswire [Video]

, /PRNewswire/ — The global genomics market is expected to reach USD 66.85 billion in 2029 from USD 42.64 billion in 2024, at a CAGR of 9.4% during the forecast period. The genomics market is rising rapidly as advancements in NGS, long-read sequencing, and CRISPR expand genomics applications in precision medicine, diagnostics, drug discovery, and agriculture. This, in turn, is driving demand for genomic tools and services due to the increasing incidence of genetic disorders, cancer, and viral infections. Key players are investing in the development of more efficient and cost-effective solutions, making genomics increasingly accessible for both research and clinical settings. As personalized medicine and population genomics continue to gain momentum, the market is expected to grow globally.

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Based on offerings,the genomics market is divided into product and service segments. The product segment accounted for the largest share …