Increasing medical progress in the search for effective and efficient therapies for a variety of chronic conditions is driving the growth in 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, 2017-2027”, the global optical genome mapping market stood at USD 101.11 Million in 2021 and is expected to grow at a CAGR of 19.73% during the forecast period because of enhancing microbiological methods for various medical procedures. Biopharmaceutical advancements for the latest drug development and genome editing or alteration for the enhancement of various treatment approaches and instruments will drive the global optical genome mapping market. Furthermore, improved progress in biotechnology procedures and bioinformatics processes will boost the market’s expansion in 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 2027.
Optical genome mapping is a biotechnological process for creating ordered, genome-wide, high-resolution restriction maps from single, dyed DNA molecules. DNA barcoding, template nicking, gap generation, fluorochrome incorporation, imaging, and photobleaching are part of the method. Compared to similar usability biotechnological methods, the process takes less time and cost.
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The global optical genome mapping market segmentation is based on product, application, end-user, competitional landscape, and regional distribution.
Based on product, the market is further divided between instruments and consumables. The consumable segment dominated the market in 2021, with an overall market share of around 55.72%. 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 again and again. 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.
· Nabsys Inc.
· Nucleome Informatics Pvt Ltd
· France Genomique
· Praxis Genomics LLC
· PerkinElmer, Inc.
· OpGen, Inc.
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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, Competition, Opportunities and Forecast, 2017-2027 By Component (Consumables v/s Instruments) By Application (Genome Assembly, Structural Variation Detection, Microbial Strain Typing, Haplotype Phasing, Others) By End User (Research & Academic Institutions, Biotechnology & Pharmaceutical Companies, Clinical Laboratories, Others) By Region, Competition Forecast & Opportunities, 2027”, 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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