Omics Lab Services Market Size Worth $245.69 Billion By 2032 | CAGR: 13.4%

The global omics lab services market size is expected to reach USD 245.69 billion by 2032, according to a new study by Polaris market research. The report “Omics Lab Services Market Share, Size, Trends, Industry Analysis Report, By Services (Genomics, Proteomic, Transcriptomic, Metabolomics, Epigenetics); By Business; By Product; By End Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Growing genomics data integration into clinical workflow and increasing consumer adoption of direct-to-consumer omics are credited with the market's growth. Omics labs have emerged as an important tool for the prognosis, diagnosis, and treatment of a wide range of diseases; however, a lack of experienced personnel who can handle samples, supply chain, and logistics all play a role in the samples delivered to omics labs. The market is predicted to expand as a result of greater attention being paid to the use of goods in the creation of pharmaceuticals, the investigation of biomarkers, and clinical diagnostics for the detection and treatment of diseases.

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The market is also growing because of the growing interest and uses of multi-omics in health care. For instance, a research report by Gita A. Pathak., published in 2022, states that the heterogeneity of the PTSD symptom was discovered using the multi-omics examination that includes genetically regulated gene, splicing, & protein expression in the dorso-lateral pre-frontal cortex tissue in a sample of the U.S. veterans involved in the “Million Veteran Program”.

For COVID-19, a number of omics outcomes have been seen.  According to a study report published in October 2022 by Vincent R. Richard, “Early Estimation of COVID-19 Patient Mortality”, by Targeting Plasma Multi-Omics and Machine Learning.

Omics Lab Services Market Report Highlights

• Proteomics dominated the market in 2022. The rising frequency of technologies for recognizing and quantifying the total protein composition is responsible for the market's major expansion.
• Diagnostic labs dominate the market and generate the highest sales. The main drivers of the market expansion are an increase in testing and resources for conducting tests.
• In 2022, hardware equipment will rule the market. It is projected that the miniaturization of the devices used in genomic applications will drive market expansion.
• Cancer segment is growing significantly in 2022. The primary factor driving segment expansion is the exceptional chance offered by multi-omics techniques to identify the molecular and clinical characteristics of cancer patients.
• In 2022, North America will account for a major of global sales. The primary drivers of market expansion are the increasing prevalence of chronic diseases like cancer, rheumatoid arthritis, and other neurological disorders.
• The global players include PhenoSwitch Bioscience, QIAGEN; Quest Diagnostics Incorporated, Thermo Fisher Scientific, and Illumina.

Polaris Market Research has segmented the omics lab services market report based on services, business, product, end-use, and region:

Omics Lab Services, Services Outlook (Revenue - USD Billion, 2019 - 2032)

• Genomics
• Proteomics
• Transcriptomic
• Metabolomics
• Epigenetics

Omics Lab Services, Business Outlook (Revenue - USD Billion, 2019 - 2032)

• Hospitals
• Research Institutes
• Diagnostic Labs

Omics Lab Services, Product Technique Outlook (Revenue - USD Billion, 2019 - 2032)

• Hardware Equipment
• Testing / Lab (Services)
• Analytics / Interpretation

Omics Lab Services, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

• Cancer
• Pharmaco
• Reproductive
• Forensics
• Skincare
• Nutrition
• Other Categories

Omics Lab Services, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa