The global multiomics market encompasses products and services for comprehensive analysis of biological systems at multiple molecular levels through multiomics technologies. Multiomics tools combine 'omics technologies like genomics, epigenomics, proteomics and metabolomics to gain a better understanding of complex biological systems. Multiomics finds applications in various domains including drug discovery and development, agriculture, diagnostics and personalized medicine. Growing R&D investments by pharmaceutical and biotechnology companies and increasing focus on precision medicine are driving demand for multiomics solutions. The Global Multiomics Market is estimated to be valued at US$ 7.65 Bn in 2024 and is expected to exhibit a CAGR of 15.% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the global multiomics market are BD, Thermo Fisher Scientific Inc., Illumina, Inc, Danaher, PerkinElmer Inc., Shimadzu Corporation, Bruker, QIAGEN, Agilent Technologies, Inc., and BGI. These players are focusing on developing advanced multiomics technologies and solutions through organic and inorganic growth strategies like collaborations, acquisitions and new product launches.
The key opportunities in the Global Multiomics Market Size include increasing R&D investments by pharmaceutical companies in multiomics-based drug discovery, growing application of multiomics in clinical diagnostics and agriculture sector. Rising focus on precision medicine and personalized healthcare will further drive demand for multiomics technologies.
Rapid advancements in data analytics, cloud computing and artificial intelligence are enabling comprehensive analysis of large and complex multiomics datasets. Technologies like lab automation, microfluidics and nanotechnology are making multiomics tools more affordable and accessible. Development of targeted multiomics panels for specific disease applications will enhance adoption.
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