PUBLISHER: Howe Sound Research | PRODUCT CODE: 2171571
PUBLISHER: Howe Sound Research | PRODUCT CODE: 2171571
Whole genome sequencing is growing fast but has not yet taken off. This report estimates the global whole genome and exome sequencing market at $3,140 million in 2026, growing 19.3% a year to $7,600 million in 2031 and adding $4,460 million of new annual spending. Long-read sequencing grows from 13.5% to 22.5% of the market, hospitals and clinical laboratories overtake research institutes as the largest customers (25.5% to 34.5%), and rapid and critical care genome sequencing is the fastest-growing application at 39.0% a year. Yet routine genome sequencing of healthy people is at least five years away: the price of sequencing is no longer the barrier, but payment, interpretation, evidence of benefit and health records are, and the industry still needs a killer app. The report explains why and lists the signposts to watch.
The past year brought Illumina's $395 TruPath genome, Element's VITARI with a claimed $100 genome, Roche's AXELIOS launch, Ultima's UG200 series, PacBio's SPRQ-Nx chemistry, the BIOSECURE Act and the 1260H listing of BGI, MGI and Complete Genomics, China lifting its export ban on Illumina, a guidance cut at GeneDx, more than 535,000 whole genomes released by All of Us, and genomic newborn screening pilots entering US public health. The report covers 23 chapters, 61 tables and 53 figures, with forecasts by application, technology, sequencing scope, customer and product for 14 countries and regions, and profiles of 53 companies.
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