Towards Healthcare
Clinical Genomics Market Soars at 17.54% CAGR by 2034

Clinical Genomics Market Growth and Opportunities

Projections indicate that, the global clinical genomics market will increase from USD 1.06 billion in 2024 to USD 5.34 billion by 2034, experiencing a CAGR of 17.54% over the next 10 years. The clinical genomics market is expanding due to growing occurrences of genetic and rare diseases as well as rising advancements in molecular diagnostic testing. North America led the market due to the presence of the advanced healthcare sector. 

Category: Biotechnology Insight Code: 5754 Format: PDF / PPT / Excel

The global clinical genomics market size is calculated at US$ 1.06 in 2024, grew to US$ 1.25 billion in 2025, and is projected to reach around US$ 5.34 billion by 2034. The market is expanding at a CAGR of 17.54% between 2025 and 2034.

The growing use of clinical genomics in next-generation sequencing, diagnosis, molecular testing, as well as in the development of personalized and precision medicine, is growing. At the same time, new AI-integrated platforms are also being developed and launched by various companies. This, in turn, is increasing the strategic collaboration between the companies. Additionally, their demand in various regions is also increasing due to advancing healthcare, research and development, increasing investments, growing demands, etc. Thus, all these developments are promoting the clinical genomics market growth.

Clinical Genomics Market Size 2024 - 2034

Key Takeaways

  • Clinical genomics sector is pushing the market to USD 1.06 billion in 2024.
  • Long-term projections show USD 5.34 billion valuation by 2034.
  • Growth is expected at a steady CAGR of 17.54% in between 2025 to 2034.
  • North America dominated the global clinical genomics market share in 2024.
  • Asia Pacific is expected to be the fastest-growing during the forecast period.
  • By test type, the diagnostic testing segment dominated the market in 2024.
  • By test type, the genetic testing segment is expected to be the fastest growing at a notable CAGR during the forecast period.
  • By method type, the biochemical tests segment dominated the market in 2024.
  • By method type, the molecular tests segment is expected to be the fastest growing during the forecast period.
  • By end user, the hospitals & clinics segment dominated the global clinical genomics market in 2024.
  • By end user, the academic and research institutes segment is expected to be the fastest growing during the forecast period.

Key Metrics and Overview

Metric Details
Market Size in 2025 USD 1.25 Billion
Projected Market Size in 2034 USD 5.34 Billion
CAGR (2025 - 2034) 17.54%
Leading Region North America
Market Segmentation By Test Type, By Method, By End User, By Region
Top Key Players Illumina, Inc., Quest Diagnostics Incorporated, PerkinElmer, Inc., Eurofins Scientific SE, Rosetta Genomics Ltd., NeoGenomics Inc., Invitae Corporation, Foundation Medicine, Inc., Genomic Health, Inc., Natera, Inc., Myriad Genetics, Inc., Clinical Genomics Pty Ltd., OPKO Health, Inc., 23andMe, Inc., Centogene AG, Gene by Gene, Ltd., Iverson Genetic Diagnostics, Inc., GenomeDx Biosciences, Inc., PathGroup, Veritas Genetics, Personalis, Inc., MedGenome, Strand Life Sciences Pvt. Ltd., Retrogen, Inc., Beijing Genomics Institute (BGI)  

Market Overview

In clinical genomics, the use of next-generation sequencing (NGS) approaches is continuously growing. With these sequencing approaches, the data about the genomic, epigenomic, and transcriptomic evaluations can be collected through a combination of whole-genome sequencing, mRNA, exome, and bisulfite sequencing. Furthermore, clinical genomics can be used in diagnosis, screening, and the development of new treatment approaches. Thus, their use in diseases such as cancer, neurobiology, or chronic illness is increasing. At the same time, their use in the field of precision medicine is also anticipated to rise.

  • In June 2025, to provide AI-powered genomic solutions for personalized medicine and predictive healthcare, a collaboration between GenePoweRx and MGI Tech was announced. To increase global access to accurate, rapid, and preventive genomic insights will be the main goal of this collaboration. (Source -Telangana Today)
  • In March 2025, a collaboration between Illumina Inc. and Nashville Biosciences, LLC, for the Alliance for Genomic Discovery (AGD) initiative was announced, where they stated that a total of 250,000 whole genomes were sequenced for the alliance. Furthermore, the data from AGD is utilized to promote clinical development, drug target discovery, and therapeutic research. (Source - PharmaBiz)

AI Integration in the Clinical Genomics Market

The use of AI in clinical genomics is rising for the development of personalized medications. At the same time, new platforms for analysis of genomics and potential therapeutics are also being developed. Furthermore, its use to enhance the phenotype prediction for identifying the phenotypic diseases, drug discovery, as well as precision medicine, is also increasing.  To improve the patient's quality of life and reduce medical expenses, the use of AI in the interpretation of complex genetic data and all research information is also increasing.

Market Dynamics

Driver

Rising Prevalence of Genetic and Rare Diseases

The growing occurrences of genetic and rare diseases are increasing the demand for clinical genomics. Clinical genomics helps in the early detection of these diseases. Furthermore, they are more accurate and quicker than the traditional diagnostic methods. At the same time, clinical genomics also helps in the selection of proper treatment approaches, personalized medicine, or precision medicine. This, in turn, is increasing their use in newborn testing, due to their non-invasive techniques. Thus, this in turn drives clinical genomics market growth.

Total no. of Registered Rare Diseases Case

The graph represents the total number of registered cases of rare diseases. It indicates that there is a rise in cases of rare diseases. Hence, it increases the demand for clinical genomics for enhancing new diagnostic and treatment options for their effective management. Thus, this in turn will ultimately promote the market growth.

Restraint

High Price

Clinical genomics requires advanced technologies, infrastructure, as well as equipment. At the same time, the data generated is complex to interpret. This, in turn, increases the demand for expertise. Furthermore, regulatory barriers also contribute to the enhanced cost. Thus, this makes clinical genomics expensive, resulting in limited patient access.

Opportunity

Advancements in Molecular Diagnostic Testing

The use of molecular diagnostic testing is growing in the effective management of various diseases. This, in turn, increases new developments to enhance its parameters. These tests are being used in DNA sequencing, PCR techniques, CRISPR-based diagnosis, as well as in microfluidics. At the same time, their use in personalized medication plans is also increasing. Additionally, the use of liquid biopsy is also increasing due to its non-invasive procedure. Moreover, new developments are also being considered with the integration of AI. Thus, this promotes the clinical genomics market growth.

For instance,

  • In April 2025, a milestone was achieved by the HaystackAnalytics, which is a pioneer in genomics-based diagnostics, as it received accreditation from the National Accreditation Board for Testing and Calibration Laboratories (NABL). This accreditation validates the technical competence of the facility, making it a high-quality molecular diagnostic testing facility for both human genomics and infectious diseases in India. (Source - PharmaBiz)

Segmental Insights

What Made Diagnostic Testing the Dominant Segment in the Clinical Genomics Market in 2024?

By test type, the diagnostic testing segment held the largest share of the market in 2024. The diagnostic testing was used in the diagnosis of various genetic, as well as other diseases, as it provided accurate results. This contributed to the market growth.

By test type, the genetic testing segment is expected to show the fastest growth rate at a notable CAGR during the predicted time. The growing genetic disorders, as well as growing awareness, are increasing the use of genetic testing.

Which Method Type Segment Held the Dominating Share of the Clinical Genomics Market in 2024?

By method type, the biochemical tests segment held the dominating share of the market in 2024. The increased use of biochemical tests contributed to the diagnosis and screening of newborns, as well as for metabolic disorders. This further enhanced the market growth.

By method type, the molecular tests segment is expected to show the fastest growth rate during the upcoming years. The molecular tests are being preferred choice for the detection of infectious diseases, as well as cancer. New advancements are also driving their use.

Why Did the Hospitals & Clinics Segment Dominate in the Clinical Genomics Market in 2024?

By end user, the hospitals & clinics segment led the global market in 2024. A large volume of patients were tested with the help of genomic tests for a variety of diseases in hospitals & clinics in the presence of skilled professionals, which in turn, promoted the market growth.

By end user, the academic and research institutes segment is expected to show the highest growth during the predicted time. Increasing interest is driving several new developments in the field of clinical genomics in academic and research institutes. These are further supported by the funding provided by the government as well as the private sector.

Why is the Demand for Clinical Genomics Increasing in Different Regions?

Well-Developed Healthcare Sector Drives North America

North America dominated the clinical genomics market in 2024. North America consisted of a well-established healthcare sector along with the presence of skilled personnel and advanced technologies, which enhanced the use of clinical genomics. This contributed to the market growth.

The U.S. Clinical Genomics Market Trends

The industries in the U.S. are utilizing advanced technologies to improve the applications of clinical genomics. Moreover, with the help of AI, new genetic testing platforms are also being developed. This, in turn, is enhancing the collaboration between the companies.

The Canada Clinical Genomics Market Trends

The growing awareness about genetic diseases in Canada is increasing the interest in the research sectors. At the same time, the use of clinical genomics in the development of precision medicine is also growing.

Expanding Healthcare Boosts Asia Pacific

Asia Pacific is expected to host the fastest-growing clinical genomics market during the forecast period. The healthcare sector in Asia Pacific is expanding due to growing utilization of advanced technologies, research and development, investments, etc. This enhances the market growth.

The China Clinical Genomics Market Trends

The use of clinical genomics in early diagnosis and screening of various diseases and infections is growing in China. Furthermore, the industries are also leveraging advanced technologies for enhancing their production as well as improving the interpretation of the data acquired.

The India Clinical Genomics Market Trends

The growing diseases, along with the rising awareness of the use of genetic testing, are increasing in India. This, in turn, increases the research and development, which are further supported by the funding or investment provided by the government.

Europe Driven by Growing Demands

Europe is expected to grow significantly in the clinical genomics market during the forecast period. Due to accurate and fast results along with rising non-invasive testing’s, the demand for the use of clinical genomics in Europe is growing. This promotes the market growth.

The Germany Clinical Genomics Market Trends

The use of genetic testing in the healthcare setting is increasing due to its various advantages in Germany. At the same time, their compliance with the rules and regulations laid by the regulatory bodies is also contributing to their enhanced use.

The UK Clinical Genomics Market Trends

The demand for personalized or precision medicine in the UK is increasing due to the rising use of clinical genomics in the field of rare diseases or oncology. At the same time, new collaborations are also formed to develop innovative techniques and medications.

Which are the Top Companies in the Clinical Genomics Market?

Clinical Genomics Market Companies

  • Illumina, Inc.
  • Quest Diagnostics Incorporated
  • PerkinElmer, Inc.
  • Eurofins Scientific SE
  • Rosetta Genomics Ltd.
  • NeoGenomics Inc.
  • Invitae Corporation
  • Foundation Medicine, Inc.
  • Genomic Health, Inc.
  • Natera, Inc.
  • Myriad Genetics, Inc.
  • Clinical Genomics Pty Ltd.
  • OPKO Health, Inc.
  • 23andMe, Inc.
  • Centogene AG
  • Gene by Gene, Ltd.
  • Iverson Genetic Diagnostics, Inc.
  • GenomeDx Biosciences, Inc.
  • PathGroup
  • Veritas Genetics
  • Personalis, Inc.
  • MedGenome
  • Strand Life Sciences Pvt. Ltd.
  • Retrogen, Inc.
  • Beijing Genomics Institute (BGI)

What are the Latest Announcements by Industry Leaders in the Clinical Genomics Market?

  • In May 2025, an AI-powered genomics diagnostics platform was introduced in the Indian market, where the founder and CEO of Bioheaven360 Genotec, Dr. Shailendra Vyas, announced that, with this platform, they plan to transform the preventive healthcare as it can identify the risks and improve overall health outcomes, enhancing the healthier future. Furthermore, this platform provides various advantages due to the use of recent advancements in data analysis and genetic testing, beyond traditional methods. Moreover, to make informed decisions about health, empowering individuals with the use of knowledge and tools is their main goal. (Source - PharmaBiz)
  • In April 2025, after the announcement of collaboration between NeoGenomics, Inc. and Ultima Genomics, Inc., the CEO of NeoGenomics, Tony Zook, stated that, with the help of this collaboration, their R&D team will be provided with the resources for translating the innovation quickly and efficiently for the benefit of patient care. Furthermore, as the use of next-generation sequencing is increasing in precision oncology testing, they are focusing on the development of targeted approaches to enhance patient outcomes. (Source - Morning Star)

Recent Developments in the Clinical Genomics Market

  • In June 2025, at the 2025 BIO International Convention in Boston, BioAro Inc. introduced its PanOmiQ™ platform’s major update, that is PanOmiQ™ Research, which is a powerful, AI-integrated multi-omics and drug discovery solution. (Source - Finance)
  • In May 2025, the strategic acquisition of Microbiome Insights by Mapmygenome, which is an AI-driven leader in genomics and personalized health, was announced. Furthermore, the Microbiome Insights' CAP-accredited Canadian laboratory and rich intellectual property were also included in this acquisition. (Source- Business Standard)

Segments Covered in the Report

By Test Type

  • Diagnostic Testing
  • Genetic Testing
  • Newborn Screening
  • Preimplantation Testing
  • Prenatal Testing
  • Carrier Testing
  • Other Tests

By Method

  • Molecular Tests
  • Chromosomal Tests
  • Biochemical Tests

By End User

  • Hospitals & Clinics
  • Government Laboratories & Research Centres
  • Academics and Research Institutes
  • Other End Users

By Region

  • North America
    • U.S.
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait
  • Last Updated: 20 June 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Kesiya Chacko is an accomplished market research professional with over 4+ years of experience in the healthcare industry, known for delivering actionable insights and strategic analysis that empower healthcare organizations.

Learn more about Kesiya Chacko

Aditi Shivarkar, with over 14 years of experience in consumer goods, leads research at Towards Consumer Goods, ensuring precise, actionable insights on trends, consumer preferences, and sustainable packaging for businesses.

Learn more about Aditi Shivarkar

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FAQ's

The market is growing at a CAGR of 17.54% (2025–2034), driven by rising cases of genetic and rare diseases, rapid advancements in molecular diagnostics (like NGS and CRISPR), and increasing integration of AI in personalized and precision medicine

With the market projected to grow from US$ 1.25 billion in 2025 to US$ 5.34 billion by 2034, the sector presents a strong investment case.

AI is transforming clinical genomics by enabling rapid genomic data interpretation, enhancing phenotype predictions, improving precision in drug discovery, and personalizing treatment pathways

Asia Pacific is expected to be the fastest-growing region due to expanding healthcare infrastructure, increasing R&D investments, and rising awareness of genetic diseases.

Next-generation sequencing (NGS), liquid biopsy, CRISPR-based diagnostics, and AI-integrated analysis platforms are key trends.

High costs, complex data interpretation, limited reimbursement models, and a shortage of skilled professionals are key challenges.

Collaborations-such as Illumina & Nashville Biosciences AGD initiative and GenePoweRx AI alliances—are pivotal.

While stringent, evolving regulations are ensuring high accuracy and patient safety, they can delay product launches and increase operational costs.

Leaders include Illumina, Quest Diagnostics, PerkinElmer, Invitae, Myriad Genetics, Natera, and Eurofins.

The future is bright with increasing adoption in routine clinical settings, advancements in personalized therapies, and growing public-private funding.