Clinical Genomics Market Research Report: Information by Test Type (Diagnostic Testing, Genetic Testing, Newborn Screening, Preimplantation Testing, Prenatal Testing, Carrier Testing and Other Tests), by Method (Molecular Tests, Chromosomal Tests and Biochemical Tests), by End User (Hospitals & Clinics, Government Laboratories & Research Centres, Academics and Research Institutes and Other End Users) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

The Clinical genomics market industry is projected to grow from USD 0.9 Billion in 2023 to USD 3.41 Billion by 2032, exhibiting a CAGR of 17.50% during the forecast period (2023 – 2032).

The clinical genomics market refers to the application of genomics, a branch of molecular biology that focuses on the mapping, sequencing, and analysis of an organism’s genome (complete set of genes and DNA), in the field of clinical medicine. Clinical genomics involves using genomic information to diagnose, treat, and prevent diseases, and to personalize medical care. It has gained significant importance in recent years due to advancements in genomics technologies, reduced sequencing costs, and increased understanding of the genetic basis of diseases.

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Market Segmentation

The Clinical genomics market segmentation, based on test type, includes diagnostic testing, genetic testing, newborn screening, pre-implantation testing, prenatal testing, carrier testing and other tests.

The Clinical genomics market segmentation, based on method, includes molecular tests, chromosomal tests and biochemical tests. 

The Clinical genomics market segmentation, based on end user, includes hospitals & clinics, government laboratories & research centres, academics and research institutes and other end users. 

Competitive Analysis

The key players of the market are Quest Diagnostics Incorporated (U.S.), Eurofins Scientific SE (Luxembourg), Illumina, Inc. (U.S.), PerkinElmer, Inc. (U.S.), NeoGenomics Inc. (U.S.), Foundation Medicine, Inc. (U.S.), Rosetta Genomics Ltd. (Israel), Invitae Corporation (U.S.), Myriad Genetics, Inc. (U.S.), Natera, Inc. (U.S.), Genomic Health, Inc. (U.S.), OPKO Health, Inc. (U.S.), Centogene AG (Germany), Clinical Genomics Pty Ltd. (Australia), 23andMe, Inc. (U.S.), Iverson Genetic Diagnostics, Inc. (U.S.), Veritas Genetics (U.S.), Gene by Gene, Ltd. (U.S.), GenomeDx Biosciences, Inc. (Canada), MedGenome (India), Strand Life Sciences Pvt. Ltd. (India), Beijing Genomics Institute (BGI) (China), Retrogen, Inc. (U.S.), Personalis, Inc. (U.S.), and PathGroup (U.S.).

Regional Analysis

In 2022, 45.80% of the clinical genomics market was generated in North America. North America is home to a large number of world-class educational institutions, scientific institutes, and biotechnology companies that are all making significant contributions to the field of clinical genomics. These businesses were the first to use genomics to healthcare, and they continue to lead the field in genomics research and development.

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The clinical genomics market in Europe is second only to that in North America. Across Europe, governments are beginning to see the value of providing citizens with access to genetic testing and counseling. Patients can undergo genetic testing and counseling to help them weigh their options and make informed selections at numerous European hospitals and clinics.

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From 2023 to 2032, the market for clinical genomics is projected to expand at a rate highest in Asia-Pacific. The Asia-Pacific region is home to a large number of notable academic and research institutes that are at the forefront of genomics research. These institutions foster creativity, advance the development of cutting-edge genomic technology, and train future professionals in the field.

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