DUBLIN–(BUSINESS WIRE)–The “Multiomics Market Size, Share & Trends Analysis Report By Product & Service (Instruments, Consumables), By Type (Single-cell, Bulk), By Platform, By Application, By End-use, By Region, And Segment Forecasts, 2023 – 2030” report has been added to ResearchAndMarkets.com’s offering.
The global multiomics market size is expected to reach USD 6.38 billion by 2030, registering a CAGR of 15.3% from 2023 to 2030
Factors such as the decreasing costs of omics technologies and growing investment and funding from private and public players are expected to drive the market. In addition, rising competition in the market owing to increasing demand from pharmaceutical & biotechnology companies and academic research institutions is also anticipated to propel the market growth over the forecast period.
With the improvement in technologies, the cost of omics technologies is anticipated to reduce, which can increase the accessibility of datasets to researchers, consequently driving market growth. Companies are focusing on technological advancements to lower costs.
For instance, in November 2022, Amazon Web Services introduced an Amazon Omics service. This service utilizes bioinformatics-aware storage options to store raw sequence data and to decrease costs. Thus, the decreasing costs are anticipated to increase the accessibility of omics technologies to researchers and clinicians. Such cost reduction is expected to increase the adoption of multiomics approaches.
The growing investments and funding from private and public participants are anticipated to boost the demand for multi-omics products and services. Various companies are significantly investing in the development of multiomics platforms and technologies. For instance, in January 2022, Roche invested USD 290 million in Freenome, a biotech company.
This investment was used to accelerate multiomics platforms for early cancer detection. In addition, in May 2023, MultiOmic Health completed a funding round of USD 6.2 million to construct a precision therapeutics discovery platform. Thus, the rising funding and investments are expected to develop various novel platforms and products in the markets
The rising emphasis of market players to develop innovative products and services is another vital factor propelling market demand forward. Various companies are developing novel platforms to sustain the rising competition. For instance, in February 2023, Via Scientific, Inc. introduced a multi-omics accelerator platform, Foundry, that supports the automation of complex data and analytical work during multi-omics research. Such product launches are anticipated to drive the industry over the forecast period.
Multiomics Market Report Highlights
- Based on product & service, the product segment dominated the market with a revenue share of 60.5% in 2022, which can be attributed to the rising launches of products such as instruments and software
- Based on type, the bulk multiomics held the largest revenue contributor for the industry. In contrast, single-cell multi-omics is expected to grow at the fastest CAGR of 17.8% over the forecast period, due to increasing demand for single-cell multi-omics to comprehend complex biology systems
- Based on platform, genomics dominated the market with a revenue share of 40.6% in 2022. The growth is attributed to the high number of products available in this segment
- Based on application, the cell biology segment dominated the global industry with a share of 38.8% in 2022. In contrast, the oncology segment is projected to register the highest growth rate during the projected period
- Based on end-use, the academic and research institute segment was the largest revenue contributor for the industry, with a share of 50.7%. In contrast, pharmaceutical and biotechnology companies are expected to witness the fastest growth owing to increasing demand for multi-omics to accelerate drug discovery and development
- North America dominated the global industry in 2022 with a revenue share of 48.45%, owing to the presence of key market players in the region
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 180 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $2.03 Billion |
| Forecasted Market Value (USD) by 2030 | $6.38 Billion |
| Compound Annual Growth Rate | 15.3% |
| Regions Covered | Global |
Competitive Landscape
- BD
- Thermo Fisher Scientific, Inc,
- Illumina
- Danaher
- PerkinElmer
- Shimadzu Corporation
- Bruker
- QIAGEN
- Agilent Technologies
- BGI
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related/Ancillary Market Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.1.1. Increasing demand for single cell omics
3.2.1.2. Advancements in omics technology and decreasing costs of omics technologies
3.2.1.3. Increasing investments and funding from private and public players
3.2.2. Market Restraint Analysis
3.2.2.1. Challenges in multiomics data integration and data complexity
3.3. Industry Analysis Tools
3.3.1. Porter’s Five Forces Analysis
3.3.2. PESTEL Analysis
3.3.3. COVID-19 Impact Analysis
Chapter 4. Product & Service Business Analysis
4.1. Multiomics Market: Product & Service Movement Analysis
4.2. Products
4.2.1. Products Market, 2018 – 2030 (USD Million)
4.2.2. Instruments
4.2.3. Consumables
4.2.4. Software
4.3. Services
Chapter 5. Type Business Analysis
5.1. Multiomics Market: Type Movement Analysis
5.2. Single- Cell Multiomics
5.3. Bulk Multiomics
Chapter 6. Platform Business Analysis
6.1. Multiomics Market: Platform Movement Analysis
6.2. Genomics
6.3. Transcriptomics
6.4. Proteomics
6.5. Metabolomics
6.6. Integrated Omics Platforms
Chapter 7. Application Business Analysis
7.1. Multiomics Market: Application Movement Analysis
7.2. Cell Biology
7.3. Oncology
7.4. Neurology
7.5. Immunology
Chapter 8. End-use Business Analysis
8.1. Multiomics Market: End-use Movement Analysis
8.2. Academic and Research Institutes
8.3. Pharmaceutical & Biotechnology Companies
Chapter 9. Regional Business Analysis
9.1. Multiomics Market Share By Region, 2022 & 2030
For more information about this report visit https://www.researchandmarkets.com/r/okzap0
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