Global Multiomics Market is Estimated to Witness High Growth Owing to Increasing Adoption of Omics Technologies

Global Multiomics Market

The global multiomics market has witnessed significant growth in recent years owing to increasing adoption of omics technologies such as genomics, epigenomics, proteomics, and metabolomics. Multiomics allows simultaneous analysis of different molecular levels of biological systems and provides a more comprehensive understanding of the biological mechanisms. Key advantages of multiomics technology include high-throughput data generation, ability to study complex biological systems holistically, and development of personalized medicines.


The growing applications of multiomics in precision medicine, drug discovery, diagnostics, and biological research have fueled the demand for multiomics platforms. 

The global multiomics market size 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 from 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.

The Global Multiomics Market Size offers lucrative opportunities in the areas of clinical diagnostics, prenatal testing, oncology, and neurosciences due to increasing demand for personalized medicines. Multiomics approaches have the potential to accelerate drug discovery through better target identification and validation.

Globally, North America dominates the multiomics market owing to presence of leading market players, advanced research infrastructure, and high adoption of omics technologies. However, Asia Pacific is expected to witness highest growth during the forecast period due to improving research capabilities, healthcare reforms, and growing R&D investments in countries such as China and India.

Market Drivers

Rising prevalence of chronic diseases is a major driver for the multiomics market. Multiomics finds wide application in understanding disease mechanisms, identifying disease subtypes and biomarkers, and development of targeted therapeutics. Furthermore, increasing government funding for omics research, technological advancements, and integration of multiomics with artificial intelligence are expected to propel the market growth over the forecast period.

PEST Analysis
Political: Regulations regarding data usage and privacy related to genomic and molecular data can impact the multiomics market.
Economic: Funding available for multiomics research from government and private sectors influences market growth.
Social: Public understanding and acceptance of multiomics applications in healthcare and other domains affects its adoption.
Technological: Advancements in IT solutions for storage, analysis and integration of large and complex multiomics datasets are crucial for the market.

The global multiomics market in terms of value is concentrated majorly in developed regions like North America and Europe. North America accounts for the largest share currently due to presence of major players and availability of funding for research activities.

Asia Pacific region is expected to experience the fastest growth during the forecast period driven by increasing investments from emerging economies like China and India to set up national omics programs and multiomics infrastructure. Growing population, rising healthcare expenditure and initiatives by governments in the region are promoting adoption of multiomics technologies.

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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

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