The global optical genome mapping market has been gaining immense importance as optical mapping allows direct visualization of whole genomes at the megabase scale. Optical genome mapping offers significant advantages over conventional short-read next generation sequencing as it preserves long-range sequence information and linear order of DNA fragments. The technology helps in detection of structural variations associated with disease and identifying disease loci. The rising prevalence of genetic diseases and cancer along with increasing applications in prenatal diagnosis have prompted the growth of the global optical genome mapping market.
The market is estimated to be valued at US$ 109.9 Mn in 2024 and is expected to exhibit a CAGR of 21% over the forecast period 2024 To 2031.
Key Takeaways
Key players: Key players operating in the Global Optical Genome Mapping market are Bionano Genomics, Nucleome Informatics Private Limited, Praxis Genomics, LLC, SourceBio International Limited (Source BioScience), MedGenome, INRAE (French Plant Genomic Resources Center (CNRGV)), PerkinElmer (PerkinElmer Genomics), Genohub Inc., Hofkens Lab, and Cerba.
Key Opportunities: Increasing research funding for genome mapping, growing personalized medicine industry, and clinical applications of optical genome mapping in cancer diagnostics offer lucrative opportunities in the market.
Fastest growing region
The Asia Pacific region is poised to be the fastest growing market for optical genome mapping during the forecast period. This is attributed to rapidly developing healthcare infrastructure, ongoing research collaborations with global players, rising awareness about genetic testing and early investments by governments as well as private organizations in the region's biotech sector. Growing population, prevalence of genetic diseases and increasing healthcare accessibility will further accelerate demand from Asia Pacific countries.
Get more insights on Optical Genome Mapping Market
Get more related topic on Optical Genome Mapping Market
Get more related content on The Future of Visual Technology
