Report ID: SQMIG35H2173
Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Genomics Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Genomics industry players.
The dramatic decline in genome sequencing costs remains the most influential primary driver of the global genomics market. Continuous improvements in next-generation sequencing platforms, reagent chemistry, automation, and data processing efficiency have reduced both per-sample cost and turnaround time. As sequencing becomes economically viable, adoption expands from elite research centers to routine clinical diagnostics, agricultural genomics, infectious disease surveillance, and large-scale population studies. This surge in accessibility directly increases sequencing volumes and data generation, which in turn fuels sustained demand for sequencing instruments, consumables, cloud-based bioinformatics platforms, and downstream genomic analysis services across global markets.
According to SkyQuest Technology “Global Genomics Market” By Product & Services (Consumables, Instruments & Systems, Software & Informatics, Services), By Technology, By Application, By Region - Industry Forecast 2025-2032,” Global genomics market is projected to grow at a CAGR of over 12.3% by 2032, on account of urgent need for automating quantified data. The accelerating integration of genomics into precision medicine is a critical factor shaping the genomics market’s growth. As clinicians increasingly rely on genetic profiling to understand disease mechanisms, predict patient response, and select targeted therapies, genomic testing becomes embedded in standard care pathways.
|
Company |
Est. Year |
Headquarters |
Revenue |
Key Services |
|
Illumina, Inc. |
1998 |
San Diego, California |
USD 4.37 billion (2024) |
Next-generation sequencing (NGS) platforms, sequencing consumables and reagents, whole-genome sequencing, targeted sequencing, genotyping arrays, sequencing data analysis software, clinical sequencing solutions |
|
Thermo Fisher Scientific, Inc. |
1956 |
Waltham, Massachusetts |
USD 42.88 billion (2024) |
Genomic sequencing instruments, PCR and qPCR systems, reagents and consumables, sample preparation solutions, genetic analysis software, clinical genomics solutions |
|
Agilent Technologies, Inc. |
1999 |
Santa Clara, California |
USD 6.51 billion (2024) |
Genomic microarrays, target enrichment solutions, next-generation sequencing library preparation, cytogenetics solutions, nucleic acid analysis, genomic quality control tools |
|
BGI Genomics Co. Ltd. |
1999 |
Shenzhen, China |
NA |
Whole-genome sequencing services, clinical genomics testing, population genomics, agricultural and environmental genomics, bioinformatics services, precision medicine solutions |
|
Bio-Rad Laboratories, Inc. |
1952 |
Hercules, California |
USD 2.57 billion (2024) |
Digital PCR systems, qPCR instruments, genomic amplification reagents, gene expression analysis, genomic quality control assays, life science research tools |
|
Danaher Corporation |
1969 |
Washington, D.C., USA |
USD 23.9 billion (2024) |
Genomics and proteomics instruments, sequencing technologies, molecular diagnostics platforms, life science research tools, clinical genomics solutions, laboratory automation systems |
|
Eurofins Scientific |
1987 |
Luxembourg |
USD 7 billion (2024) |
Genomic testing services, DNA sequencing and analysis, clinical genomics testing, forensic genomics, agricultural and food genomics, bioinformatics and data interpretation services |
|
Roche |
1896 |
Basel, Switzerland |
USD 67.9 billion (2024) |
Molecular diagnostics, genomic testing solutions, companion diagnostics, next-generation sequencing diagnostics, oncology genomics, infectious disease genomics, clinical decision-support systems |
|
QIAGEN N.V. |
1984 |
Venlo, Netherlands |
NA |
Alternative fuel systems, hydrogen fuel injection systems, natural gas and hydrogen engine technologies, clean mobility solutions, OEM integration services |
|
Pacific Biosciences of California, Inc. |
2004 |
Menlo Park, California |
NA |
Long-read DNA sequencing platforms, whole-genome sequencing, structural variant analysis, epigenetic sequencing, microbial genomics, de novo genome assembly solutions |
Illumina, Inc. is a global leader in genomics and sequencing technologies, playing a foundational role in advancing genetic research and precision medicine worldwide. Founded in 1998 and headquartered in San Diego, California, the company specializes in next-generation sequencing (NGS) platforms, consumables, and bioinformatics solutions. Illumina’s technologies enable applications across clinical diagnostics, oncology, population genomics, and reproductive health. By continuously reducing sequencing costs and improving data accuracy and throughput, Illumina has significantly expanded access to genomic analysis, positioning itself as a critical enabler of large-scale genomic adoption across research institutions, healthcare systems, and pharmaceutical development globally.
Thermo Fisher Scientific, Inc. is a global leader in life sciences and analytical technologies, with a strong and expanding presence in the global genomics market. Founded in 1956 and headquartered in Waltham, Massachusetts, the company provides end-to-end genomic solutions, including sequencing instruments, PCR and qPCR systems, reagents, consumables, and bioinformatics tools. Thermo Fisher supports applications across clinical diagnostics, translational research, pharmaceutical development, and precision medicine. Its integrated portfolio and continuous investment in genomics innovation enable researchers and healthcare providers to accelerate discovery, improve diagnostic accuracy, and advance personalized treatment strategies worldwide.
Agilent Technologies, Inc. is a leading global provider of life sciences and diagnostics solutions, with a strong footprint in the global genomics market. Founded in 1999 and headquartered in Santa Clara, California, the company offers advanced genomic tools including microarrays, target enrichment solutions, next-generation sequencing library preparation kits, and cytogenetics platforms. Agilent’s technologies support applications in clinical diagnostics, oncology research, and pharmaceutical development. By delivering high-precision, reliable genomic workflows and analytical systems, Agilent enables laboratories to generate accurate genetic insights, driving adoption of genomics in both research and clinical settings worldwide.
BGI Genomics Co. Ltd. is a prominent global genomics services provider, playing a vital role in large-scale sequencing and precision medicine initiatives worldwide. Founded in 1999 and headquartered in Shenzhen, China, the company specializes in whole-genome sequencing, clinical genomics testing, population genomics, and bioinformatics services. BGI supports applications across healthcare, agriculture, and scientific research, leveraging high-throughput sequencing capabilities and advanced data analysis platforms. Its focus on cost-efficient, large-volume sequencing enables broad access to genomic insights, strengthening disease research, public health programs, and personalized medicine adoption across global markets.
Bio-Rad Laboratories, Inc. is a well-established global player in life science research and clinical diagnostics, with a strong presence in the global genomics market. Founded in 1952 and headquartered in Hercules, California, the company provides critical genomic technologies including digital PCR systems, qPCR instruments, gene expression analysis tools, and molecular biology reagents. Bio-Rad’s solutions support applications in genetic research, oncology, infectious disease testing, and clinical laboratories. By enabling highly accurate nucleic acid quantification and reproducible genomic workflows, Bio-Rad plays a key role in advancing reliable genomic analysis worldwide.
Danaher Corporation is a global science and technology innovator with a significant influence on the global genomics market through its life sciences and diagnostics portfolio. Founded in 1969 and headquartered in Washington, D.C., the company operates leading genomics-focused businesses such as Cytiva, Beckman Coulter Life Sciences, and Cepheid. Danaher provides sequencing-adjacent technologies, molecular diagnostics platforms, laboratory automation, and bioanalytical tools. Its continuous investment in genomics-enabled diagnostics and research infrastructure supports faster disease detection, scalable genomic workflows, and the broader adoption of precision medicine worldwide.
Eurofins Scientific is a leading global provider of laboratory testing and genomic services, with a strong and diversified presence in the global genomics market. Founded in 1987 and headquartered in Luxembourg City, Luxembourg, the company offers DNA sequencing, genomic testing, bioinformatics, and data interpretation services across clinical diagnostics, pharmaceuticals, food safety, environmental testing, and forensics. Eurofins’ extensive global laboratory network and service-driven genomics model enable rapid, high-volume testing and reliable genetic analysis, supporting regulatory compliance, research advancement, and precision medicine initiatives worldwide.
Roche is a global leader in pharmaceuticals and diagnostics, with a significant and growing role in the global genomics market. Founded in 1896 and headquartered in Basel, Switzerland, the company integrates genomics into molecular diagnostics, companion diagnostics, and precision oncology solutions. Through its diagnostics division, Roche provides genomic testing platforms, next-generation sequencing–based assays, and decision-support tools that enable targeted therapy selection. By aligning genomic insights with drug development and clinical care, Roche strengthens personalized medicine adoption and drives improved patient outcomes across healthcare systems worldwide.
QIAGEN N.V. is a leading global provider of sample preparation and molecular testing technologies, playing a critical role in the global genomics market. Founded in 1984 and headquartered in Venlo, the Netherlands, the company specializes in nucleic acid extraction, purification, PCR-based assays, and bioinformatics solutions. QIAGEN’s technologies serve clinical diagnostics, life science research, and pharmaceutical applications, enabling reliable genomic workflows from sample to insight. By ensuring high-quality genetic material and accurate data interpretation, QIAGEN supports the scalable adoption of genomics in precision medicine, infectious disease testing, and translational research worldwide.
Pacific Biosciences of California, Inc. (PacBio) is a leading innovator in long-read sequencing technologies, with a focused role in the global genomics market. Founded in 2004 and headquartered in Menlo Park, California, the company develops advanced single-molecule, real-time (SMRT) sequencing platforms. PacBio’s technologies enable highly accurate whole-genome sequencing, structural variant detection, epigenetic analysis, and de novo genome assembly. By addressing complex genomic regions that short-read methods often miss, PacBio supports advanced research, clinical genomics, and precision medicine applications worldwide.
In conclusion, the global genomics market is undergoing rapid and sustained expansion, driven by falling sequencing costs and the deepening integration of genomics into precision medicine. As genomic technologies become more accessible, their adoption is accelerating across clinical diagnostics, drug discovery, population health, and agricultural applications. Strong growth forecasts underscore rising investments in sequencing platforms, bioinformatics, and genomic services. Leading players such as Illumina, Thermo Fisher Scientific, Roche, and BGI continue to shape the competitive landscape through innovation and scale. Together, technological advancement, clinical relevance, and expanding use cases position genomics as a cornerstone of next-generation healthcare and life sciences.
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Global Genomics Market size was valued at USD 41.66 Billion in 2024 and is poised to grow from USD 46.78 Billion in 2025 to USD 118.34 Billion by 2033, growing at a CAGR of 12.3% in the forecast period (2026–2033).
Strategic alliances, mergers and acquisitions, and innovation are prized by major competitors within the highly competitive genomics industry. While Thermo Fisher offers complete lab solutions, Illumina is the leader in sequencing platforms. Companies like Qiagen and Roche utilize companion diagnostics and use NGS to generate value. To tap into new revenue streams, leading genomics market strategies within the market include partnerships with large pharmaceutical companies, cloud-based data analytics, and expanding into consumer and clinical genetics. 'SeqOne', 'Thermo Fisher Scientific, Inc.', 'F. Hoffmann-La Roche Ltd.', 'Ultima Genomics, Inc.', 'QIAGEN N.V.', 'Fabric Genomics', 'Bio-Rad Laboratories, Inc.', 'Oxford Nanopore Technologies', 'Pacific Biosciences of California, Inc.', 'GE Healthcare', 'BGI Genomics Co., Ltd.', '23andMe, Inc.', 'Genomic Health (Exact Sciences)', 'Myriad Genetics, Inc.'
The demand for genomics-based diagnoses and treatments is being driven by the expanding trend toward personalized healthcare. By using genomic data to customize medications based on a patient's genetic composition, doctors can improve outcomes in pharmacogenomics, rare diseases, and cancer. The use of genetics in precision medicine is expanding due to initiatives like the NIH's All of Us program and pharmaceutical collaborations with genomic companies.
Artificial intelligence (AI) and machine learning are disrupting genomics by speeding up variant classification, finding patterns, and interpreting data. Companies are not only applying algorithms to find pathogenic mutations, but they are also developing more useful gene-editing techniques and refining predictive modelling. These efforts are opening large scale analyses of genetic data that can be used in a wide range of areas including oncology, diagnosing rare disease, and drug discovery.
As per the genomics market regional analysis, North America continues to lead the way in genomics because of its strong healthcare infrastructure and funding. About USD 500 million was set aside for genomic medicine research by the U.S. National Human Genome Research Institute in 2024. Through 2025, strategic partnerships will persist, such as Illumina's clinical whole-genome sequencing partnership with top U.S. hospitals. Innovation and commercial adoption are fueled by the region's robust biotech ecosystem and quick adoption of precision medicine.
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