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Global Whole Genome Sequencing Market to reach USD 7,102.4 million by the end of 2030.

Global Whole Genome Sequencing Market Size study & Forecast, by Product (Instruments, Consumables, Services), by Type (Large Whole Genome Sequencing, Small Whole Genome Sequencing), by Workflow (Pre-Sequencing, Sequencing, Data Analysis), by Application (Human Whole Genome Sequencing, Plant Whole Genome Sequencing, Animal Whole Genome Sequencing, Microbial Whole Genome Sequencing), by End-Use (Academic & Research Institutes, Hospitals & Clinics, Pharmaceutical & Biotechnology Companies, Others), and Regional Analysis, 2023-2030

Product Code: HLSB-60399794
Publish Date: 13-07-2023
Page: 200

Global Whole Genome Sequencing Market is valued approximately at USD 1,642 million in 2022 and is anticipated to grow with a healthy growth rate of more than 20.6% over the forecast period 2023-2030. Whole Genome Sequencing (WGS) is a method that involves determining the entire DNA sequence of an organism’s genome, encompassing chromosomal DNA, mitochondrial DNA, and chloroplast DNA in plants. Genomic data obtained through WGS aids in the identification of genetic disorders, monitoring disease outbreaks, and understanding variations that influence the progression of cancer. Additionally, WGS can be employed to detect diseases in newborns and children, study uncommon tumor types, analyze familial disease patterns, and facilitate drug trials, among other applications. The driving factors that are boosting the market growth are growing prevalence of genetic disorders, rise in funding received by government organizations and the increasing demand to identify treatable genetic disorders.

According to the Centers for Disease Control and Prevention Statistics, approximately 1 in every 707 newborn children in U.S. is affected by Down syndrome, resulting in an estimated total of 5,568 children with the condition. The funding received by the government is also a major driving factor. In March 2022, the U.K. Government initiated the COVID-19 Genomics U.K. Consortium, an alliance aimed at sequencing the genomes of the SARS-CoV-2 virus, comprising the NHS, Wellcome Sanger Institute, Public Health Agencies, and academic institutions. With an investment of around USD 22 million (EUR 20 million), the consortium is focused on mapping the virus’s genetic information. Moreover, the development of low-cost method for whole genome sequencing and the increasing demand for Biomarker Discovery that could show a disease conditions may create lucrative opportunities for the market. However, the high cost of sequencing procedures stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Whole Genome Sequencing Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the well-developed research and development infrastructure and growing government funding which is influencing the rising whole genome sequencing research activity in the region. The presence of prominent industry players such as Illumina, Inc., known for their robust research and development capabilities and manufacturing facilities in the region is also anticipated to drive the regional market growth. However, Asia Pacific is expected to become the fastest growing during the forecast period, owing to factors such as increasing R&D investment and government initiatives supporting private companies engaged in whole genome sequencing. For instance, in February 2022, the Government of India authorized five laboratories to conduct whole genome sequencing specifically for detecting the SARS-CoV-2 virus.

Major market player included in this report are:
Pacific Bioscience of California, Inc.
Oxford Nanopore Technologies
Thermo Fisher Scientific, Inc.
Agilent Technologies
Siemens AG
Eurofins Genomics
F. Hoffman-La Roche Ltd
Abbott Laboratories
Merck KGaA
Eurofins Scientific Societe Europeenne

Recent Developments in the Market:
Ø In January 2023, PacBio collaborated with the University of Tokyo, Graduate School of Medicine to study rare diseases in the Japanese population using long-read sequencing and novel bioinformatics methods.
Ø In September 2022, Eurofins partnered with Ginkgo Bioworks to expand their COVID-19 response by implementing wastewater testing for a traveler-focused SARS-CoV-2 genomic surveillance program at U.S. airports.

Global Whole Genome Sequencing Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Type, Workflow, Application, End-Use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:

By Type:
Large Whole Genome Sequencing
Small Whole Genome Sequencing

By Workflow:
Data Analysis

By Application:
Human Whole Genome Sequencing
Plant Whole Genome Sequencing
Animal Whole Genome Sequencing
Microbial Whole Genome Sequencing

By End-Use:
Academic & Research Institutes
Hospitals & Clinics
Pharmaceutical & Biotechnology Companies

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Whole Genome Sequencing Market, by region, 2020-2030 (USD Million)
1.2.2. Whole Genome Sequencing Market, by Product, 2020-2030 (USD Million)
1.2.3. Whole Genome Sequencing Market, by Type, 2020-2030 (USD Million)
1.2.4. Whole Genome Sequencing Market, by Workflow, 2020-2030 (USD Million)
1.2.5. Whole Genome Sequencing Market, by Application, 2020-2030 (USD Million)
1.2.6. Whole Genome Sequencing Market, by End-Use, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Whole Genome Sequencing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Whole Genome Sequencing Market Dynamics
3.1. Whole Genome Sequencing Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growing prevalence of genetic disorders Rise in funding received by government organizations Increasing demand to identify treatable genetic disorders
3.1.2. Market Challenges High Cost of sequencing procedures
3.1.3. Market Opportunities Development of low-cost method for whole genome sequencing Increasing Demand for Biomarker Discovery
Chapter 4. Global Whole Genome Sequencing Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Whole Genome Sequencing Market, by Product
5.1. Market Snapshot
5.2. Global Whole Genome Sequencing Market by Product, Performance – Potential Analysis
5.3. Global Whole Genome Sequencing Market Estimates & Forecasts by Product 2020-2030 (USD Million)
5.4. Whole Genome Sequencing Market, Sub Segment Analysis
5.4.1. Instruments
5.4.2. Consumables
5.4.3. Services
Chapter 6. Global Whole Genome Sequencing Market, by Type
6.1. Market Snapshot
6.2. Global Whole Genome Sequencing Market by Type, Performance – Potential Analysis
6.3. Global Whole Genome Sequencing Market Estimates & Forecasts by Type 2020-2030 (USD Million)
6.4. Whole Genome Sequencing Market, Sub Segment Analysis
6.4.1. Large Whole Genome Sequencing
6.4.2. Small Whole Genome Sequencing
Chapter 7. Global Whole Genome Sequencing Market, by Workflow
7.1. Market Snapshot
7.2. Global Whole Genome Sequencing Market by Workflow, Performance – Potential Analysis
7.3. Global Whole Genome Sequencing Market Estimates & Forecasts by Workflow 2020-2030 (USD Million)
7.4. Whole Genome Sequencing Market, Sub Segment Analysis
7.4.1. Pre-Sequencing
7.4.2. Sequencing
7.4.3. Data Analysis
Chapter 8. Global Whole Genome Sequencing Market, by Application
8.1. Market Snapshot
8.2. Global Whole Genome Sequencing Market by Application, Performance – Potential Analysis
8.3. Global Whole Genome Sequencing Market Estimates & Forecasts by Application 2020-2030 (USD Million)
8.4. Whole Genome Sequencing Market, Sub Segment Analysis
8.4.1. Human Whole Genome Sequencing
8.4.2. Plant Whole Genome Sequencing
8.4.3. Animal Whole Genome Sequencing
8.4.4. Microbial Whole Genome Sequencing
Chapter 9. Global Whole Genome Sequencing Market, by End-Use
9.1. Market Snapshot
9.2. Global Whole Genome Sequencing Market by End-Use, Performance – Potential Analysis
9.3. Global Whole Genome Sequencing Market Estimates & Forecasts by End-Use 2020-2030 (USD Million)
9.4. Whole Genome Sequencing Market, Sub Segment Analysis
9.4.1. Academic & Research Institutes
9.4.2. Hospitals & Clinics
9.4.3. Pharmaceutical & Biotechnology Companies
9.4.4. Others
Chapter 10. Global Whole Genome Sequencing Market, Regional Analysis
10.1. Top Leading Countries
10.2. Top Emerging Countries
10.3. Whole Genome Sequencing Market, Regional Market Snapshot
10.4. North America Whole Genome Sequencing Market
10.4.1. U.S. Whole Genome Sequencing Market Product breakdown estimates & forecasts, 2020-2030 Type breakdown estimates & forecasts, 2020-2030 Workflow breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End-Use breakdown estimates & forecasts, 2020-2030
10.4.2. Canada Whole Genome Sequencing Market
10.5. Europe Whole Genome Sequencing Market Snapshot
10.5.1. U.K. Whole Genome Sequencing Market
10.5.2. Germany Whole Genome Sequencing Market
10.5.3. France Whole Genome Sequencing Market
10.5.4. Spain Whole Genome Sequencing Market
10.5.5. Italy Whole Genome Sequencing Market
10.5.6. Rest of Europe Whole Genome Sequencing Market
10.6. Asia-Pacific Whole Genome Sequencing Market Snapshot
10.6.1. China Whole Genome Sequencing Market
10.6.2. India Whole Genome Sequencing Market
10.6.3. Japan Whole Genome Sequencing Market
10.6.4. Australia Whole Genome Sequencing Market
10.6.5. South Korea Whole Genome Sequencing Market
10.6.6. Rest of Asia Pacific Whole Genome Sequencing Market
10.7. Latin America Whole Genome Sequencing Market Snapshot
10.7.1. Brazil Whole Genome Sequencing Market
10.7.2. Mexico Whole Genome Sequencing Market
10.8. Middle East & Africa Whole Genome Sequencing Market
10.8.1. Saudi Arabia Whole Genome Sequencing Market
10.8.2. South Africa Whole Genome Sequencing Market
10.8.3. Rest of Middle East & Africa Whole Genome Sequencing Market

Chapter 11. Competitive Intelligence
11.1. Key Company SWOT Analysis
11.1.1. Company 1
11.1.2. Company 2
11.1.3. Company 3
11.2. Top Market Strategies
11.3. Company Profiles
11.3.1. Pacific Biosciences of California, Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.3.2. Oxford Nanopore Technologies
11.3.3. Thermo Fisher Scientific, Inc.
11.3.4. Agilent Technologies
11.3.5. Siemens AG
11.3.6. Eurofins Genomics
11.3.7. F. Hoffman-La Roche Ltd
11.3.8. Abbott Laboratories
11.3.9. Merck KGaA
11.3.10. Eurofins Scientific Societe Europeenne
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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