PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1437528
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1437528
Optical Genome Mapping Market size was valued at USD 88.9 Million in 2023, expanding at a CAGR of 30.1% from 2024 to 2032.
Ultra-high molecular weight (UHMW) DNA may be isolated using an extraction process that has been specially created for Optical Genome Mapping. This procedure reduces the sheering pressures found in conventional column-based extraction methods by using a paramagnetic disk designed to retain DNA during wash phases. The end product has a range of 150 kilobases (kb) to megabases (Mbp) in size, which is about 5-10 times larger than the typical fragment size obtained from traditional DNA isolation methods.
Optical Genome Mapping Market- Market Dynamics
Advancement in genomic research propels the market growth
Optical genome mapping (OGM) offers a critical chance to get beyond the drawbacks of current sequencing technology. Both long-read and short-read sequencing have difficulty fully capturing complicated and large-repeated genomic areas. On the other hand, OGM outperforms other sequencing technologies with an average molecule length of around 225 kb. This puts OGM in a position to navigate difficult genomic regions that are inaccessible to conventional technologies. The generated optical maps yield important data for large-scale structural variation detection, assembly completion validation, and genomic scaffolding. OGM is a transformational force that promises to improve the completeness and accuracy of genomic research on a wide range of animals and human diseases as it continues to develop. Accepting OGM might lead to previously undiscovered information, making it a crucial component in solving the complex puzzles the genome contains.
Optical Genome Mapping Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 30.1% over the forecast period (2024-2032)
Based on product segmentation, the services category dominates the market
Based on the end user segmentation, the Academic research institutes segment held the largest market share in 2023
Based on application segmentation, the Structural Variant Detection segment is expected to dominate the market over the forecast period
Based on region, North America was the leading revenue generator in 2023
The Global Optical Genome Mapping Market is segmented based on Product, End User, Application, and Region.
The market is divided into two categories based on product: Consumables and Reagents, Instruments, Software and Services. The services category dominates the market. an expanding number of vendors offering outsourced services is anticipated to sustain the need for services. Due to growing demand, constant innovation, a wide range of applications, and its crucial role in advancing genomics research and applications, the optical genome mapping (OGM) sector is flourishing. OGM services are becoming more and more in demand from a variety of end customers for clinical and genomics research. Over the projection period, there will likely be an increase in demand for advanced OGM services as new challenges and advancements in genomics research take place.
The market is divided into three categories based on the end user: Biotechnology and Pharmaceutical Companies, Academic research institutes, Clinical Laboratories and Others. The Academic research institutes segment held the largest market share in 2023 and is expected to continue the same pattern during the forecast period. OGM technologies are being used more and more by these institutes to further their genomes research. Scholars operating in domains like genetics, molecular biology, and biotechnology are consistently searching for instruments and methodologies that can furnish a more all-encompassing comprehension of genomes.
The market is divided into seven categories based on application: Structural Variant Detection, Microbial Strain Typing, Genome Assembly and Others. The Structural Variant Detection segment is expected to dominate the market over the forecast period. Large-scale genomic changes known as structural variations (SVs) can significantly affect a person's health, including their propensity to develop hereditary disorders and how they react to medical interventions.
Optical Genome Mapping Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to lead the market during the forecast period. OGM has been essential to this terrain, as this region has been at the forefront of genomics research and technological breakthroughs. Numerous important variables, including as the existence of powerful biotechnology and pharmaceutical businesses, substantial government financing for genomics research, and a solid healthcare infrastructure, are responsible for the market's rise.
The key players operating in the market are Genohub Inc., PerkinElmer (PerkinElmer Genomics), Praxis Genomics, LLC, SourceBio International Limited (Source BioScience), MedGenome, INRAE (French Plant Genomic Resources Center (CNRGV)), Nucleome Informatics Private Limited, Bionano Genomics, Hofkens Lab and Cerba To obtain access to new markets, market players are continuously pursuing a variety of strategic initiatives, including the creation of new products, funding and investments, mergers and acquisitions, and other strategic partnerships.
GLOBAL OPTICAL GENOME MAPPING MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Genohub Inc.
PerkinElmer (PerkinElmer Genomics)
Praxis Genomics, LLC,
SourceBio International Limited (Source BioScience)
MedGenome
INRAE (French Plant Genomic Resources Center (CNRGV))
Nucleome Informatics Private Limited
Bionano Genomics
Hofkens Lab
Cerba