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Analyzing the Growth Rate of the Multiomics Market: What’s the Expected CAGR for the Next Decade?

The market size for multiomics has seen a swift escalation in the previous years. The market is forecasted to expand from a value of $3.27 billion in 2024 to $3.85 billion in 2025, reflecting a Compound Annual Growth Rate (CAGR) of 17.9%. This notable growth during the historic timeline is accredited to factors such as intensified biomedical research, boosted government and private investments, a surge in the incidence of chronic diseases, advancements in technology, and the improvement of computational tools and software used in data analysis.

In the coming years, the multiomics market is projected to witness swift expansion. With a compound annual growth rate (CAGR) of 17.6%, it is predicted to reach a value of $7.38 billion by 2029. The escalating growth during the forecast period can be owed to the progress in artificial intelligence and machine learning, widening of clinical applications, burgeoning biopharmaceutical sector, the arrival of cohesive multiomics platforms, and their rising application in environmental and agricultural research. Major trends predicted for the forecast period entail technological leaps, the introduction of the latest commercial multiomics platforms, the application of spatially resolved multiomics examination, its incorporation in biopharmaceutical R&D, and its broadening into clinical diagnostics.

How Are the key drivers expanding the growth of the Multiomics Market?

The multiomics market is predicted to flourish in response to the increasing popularity of personalized medicine. Personalized medicine is a medical model that tailors healthcare choices and treatments to patients on the bases of their genetic make-up, environmental factors, and lifestyle. Factors fueling this trend include progress in technology, a growing need for targeted therapies, and worldwide improvements in healthcare. Multiomics support personalized medicine by offering a comprehensive understanding of a person’s genetic, molecular, and metabolic traits, which allows practitioners to customize treatments to each individual’s unique attributes. For example, the Personalized Medicine Coalition, a non-profit organization in the United States, reported that 16 new personalized therapies for patients with rare diseases were approved by the FDA in 2023, marking significant progress compared to 6 approvals in 2022. Hence, the burgeoning demand for personalized medicine is spurring the growth of the multiomics market.

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What Are the Leading Organizations Impacting the Multiomics Market’s Growth?

Major companies operating in the multiomics market are:

• Bayer AG_x000D_

• Thermo Fisher Scientific Inc._x000D_

• Novartis AG_x000D_

• Becton Dickinson and Company_x000D_

• Eurofins Scientific SE_x000D_

What Are the Most Prominent Trends Driving Change in the Multiomics Market?

Leading firms in the multiomics market are focusing on the development of superior single-cell multiomics platforms. The main aim is to support scientists in conducting large-scale research without compromising the integrity of the samples. Single-cell multiomics platforms combine different omics with the power of artificial intelligence, simplifying the process of complex biological data analysis through the use of advanced algorithms and machine learning technology. An illustration of this is the launch of the BD Rhapsody HT Xpress, a high-throughput single-cell multiomics platform by Becton, Dickinson, and Company, a medical device company based in the US, in February 2023. This breakthrough system is designed to isolate, barcode, and analyze solitary cells at a higher throughput rate, handling up to eight times more cells than BD’s previous single-cell analyzers. The BD Rhapsody HT Xpress System promises no sample loss, providing the ability to analyze different samples and different cell sizes and types, such as stem or cancer cells, all at once, thus improving researchers’ capacity to gather more information in a shorter span.

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What Major Market Segments Define the Scope and Growth of the Multiomics Market?

The multiomics market covered in this report is segmented –

1) By Type: Single-Cell Multiomics, Bulk Multiomics

2) By Platform: Genomics, Transcriptomics, Proteomics, Metabolomics, Integrated Omics Platforms

3) By Application: Diagnostics, Drug Discovery And Development, Personalized Medicine, AgriGenomics, Other Applications

4) By End User: Academics And Research Organization, Pharmaceutical And Biotechnology Companies, Clinical research Organization, Other End-Users

Subsegments:

1) By Single-Cell Multiomics: Single-Cell Genomics, Single-Cell Transcriptomics, Single-Cell Epigenomics, Single-Cell Proteomics, Single-Cell Metabolomics

2) By Bulk Multiomics: Genomics, Transcriptomics, Epigenomics, Proteomics, Metabolomics

What Regions Are Leading the Charge in the Multiomics Market?

North America was the largest region in the multiomics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the multiomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

How Is the Multiomics Market Categorized and Defined in the Industry?

Multiomics refers to the integration and analysis of multiple omics data types, such as genomics, transcriptomics, proteomics, metabolomics, and epigenomics to provide a more comprehensive understanding of biological systems. This technique improves understanding of complex diseases, biomarker identification, and precision medicine.

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