Functional Genomics Market was valued at USD 10.5 Billion in 2022 and is projected to reach USD 20.3 Billion by 2030, growing at a CAGR of 8.9% from 2024 to 2030.
The global functional genomics market was valued at approximately $10.2 billion in 2022, with a compound annual growth rate (CAGR) of 11.6% projected from 2022 to 2027. The sector's expansion is driven by advancements in genomic technologies and increasing investments in personalized medicine. As the field evolves, opportunities are emerging in various sub-sectors, including gene editing, RNA interference, and high-throughput screening, which are enhancing the understanding of gene functions and interactions. This growth trajectory is expected to continue as researchers and pharmaceutical companies leverage functional genomics to accelerate drug discovery and development.
Geographically, the market is witnessing significant growth in regions like North America and Asia-Pacific, where increased research activities and government funding are boosting market dynamics. Emerging markets in these regions present substantial opportunities for investment, driven by rising healthcare expenditures and a growing emphasis on genomics-based solutions. The increasing adoption of advanced genomic technologies and the rising prevalence of genetic disorders are also contributing to the overall market potential, presenting a robust landscape for future growth and innovation in functional genomics.
Get an In-Depth Research Analysis of the Global Functional Genomics Market Size And Forecast [2025-2032]
Agilent Technologies
Inc.
Becton
Dickinson and Company (BD)
Bio-Rad Laboratories
Inc.
(Integrated DNA Technologies
Inc.)
Exact Sciences Corporation
Hoffmann-La Roche Ltd
Illumina
Inc.
Merck KGaA
MRM Proteomics
Pacific Biosciences of California
Inc.
Promega Corporation
QIAGEN
Thermo Fisher Scientific Inc.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Functional Genomics Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Functional Genomics Market
Transcriptomics
Epigenomics
Proteomics
Metabolomics
Based on Types the Market is categorized into Below types that held the largest Functional Genomics market share In 2023.
Kits & Assays
Instruments
Assays
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Functional Genomics Market Research Analysis
1. Introduction of the Global Functional Genomics Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Functional Genomics Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Functional Genomics Market, By Type
6. Global Functional Genomics Market, By Application
7. Global Functional Genomics Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Functional Genomics Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/