Optical Genome Mapping Market is expected to grow at a CAGR of 23.76% through 2031
Increasing medical progress
in the search for effective and efficient therapies for a variety of chronic
conditions is driving the growth in the global optical genome mapping market in the
forecast period.
According to TechSci report on “Optical Genome Mapping Market - Global Industry Size, Share, Trends, Competition, Opportunities and Forecast, 2021-2031”, the Global Optical Genome Mapping Market will grow from USD 0.27 Billion in 2025 to USD 0.97 Billion by 2031 at a 23.76% CAGR. Advances in biopharmaceuticals for drug development and in genome editing and alteration to enhance multiple treatment approaches and
instruments will drive the global optical genome mapping market. Furthermore, advances in biotechnology and bioinformatics will drive market growth over the next five years. Furthermore, advances in healthcare,
medical research, biotech development, and technical advancement for various
diagnostic tests contribute to the worldwide optical genome mapping market's
growth during the next five years until 2031.
Optical genome mapping
is a biotechnological process for generating ordered, genome-wide, high-resolution restriction maps from single, fluorescently labeled DNA molecules. DNA
barcoding, template nicking, gap generation, fluorochrome incorporation,
imaging, and photobleaching are part of the method. Compared with similar biotechnological methods, the process takes less time and costs less.
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The global optical
genome mapping market is segmented by product, application, end user, competitive landscape, and region.
By product, the market is further divided into instruments and consumables. The consumable
segment dominated the market in 2021, accounting for approximately 55.72% of the market. Consumables form an integral part of the optical genome mapping
service. The consumables used in optical genome mapping include chips,
reagents, and other disposable products used in the experiment. An optical
genome mapping experiment can be done using the same instrument; however, it
requires different consumables chips for loading the DNA and different reagents
for extracting and labeling DNA, among others. Hence, consumables are used
repeatedly. Consumables such as chips need to be changed for every optical
genome mapping.
Based on application the
market is further divided into genome assembly, structural variation detection,
microbial strain typing, haplotype phasing, and other applications based on
application. The genome assembly application segment dominated the market in
2021 on account of the widespread use of optical genome mapping technique in
assembling the genome of different microorganisms, plants, among others.
Some of the
major companies operating in the global optical genome mapping market include:
- Bionano Genomics, Inc.
- Nucleome Informatics Private Limited
- Nabsys, Inc.
- PerkinElmer, Inc.
- SourceBio International Limited
- MedGenome Labs Private Limited
- Cerba HealthCare
- Illumina, Inc.
- Thermo Fisher Scientific Inc.
- Oxford Nanopore Technologies plc
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“The optical genome mapping
is a novel technique whose market is emerging and in the coming years is
expected to witness impressive growth on account of the various benefits
associated with this technique such as, ability to detect structural variations
in sequences. Additionally, it produces long reads and is an accurate and
affordable technique. Continuous research & development activities are
going on worldwide along with clinical trials, and it is expected that in the
coming years, the market for optical genome mapping will be flourishing,” said
Mr. Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
"Optical Genome Mapping Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Consumables v/s Instruments), By Application (Genome Assembly, Structural Variation Detection, Microbial Strain Typing, Haplotype Phasing, Others), By End User (Research and Academic Institutions, Biotechnology & Pharmaceutical Companies, Clinical Laboratories, Others) By Region, Competition Forecast and Opportunities 2021-2031F”, has evaluated the future
growth potential of global optical genome mapping and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global optical genome mapping market.
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