Genome Sequencing Market - A Global and Regional Analysis
The global genome sequencing market was valued at $7.56 billion in 2023 and is projected to reach $30.23 billion by 2033, growing at a CAGR of 15.18% from 2024 to 2033. Genome sequencing allows researchers to decode an organism’s entire genetic information, identifying genetic variations and their implications for health and disease. Market growth is driven by decreasing genome sequencing costs, increased usage, rising prenatal and newborn screening programs, and expanding applications of long-read sequencing. Government investments and initiatives in genome sequencing projects have also boosted market expansion and accessibility globally.