Neurogenomics Market Development Driven by Rising Investment in Genomics Research and Biotechnology Innovation

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " Neurogenomics Market– (By Offering (Next-Generation Sequencing (NGS) systems, kits & reagents; DNA extraction and amplification kits & reagents; library preparation and target enrichment kits & reagents; quality control kits & reagents; other NGS kits & reagents; Polymerase Chain Reaction (PCR) systems, kits & reagents; microarrays; readers & scanners; DNA/RNA, protein, and tissue microarray kits & reagents; software & services), By Application (Variant discovery, research applications, target identification, transcription factor binding analysis, functional studies, clinical applications), By End-user (Pharmaceutical & biotechnology companies, hospitals & diagnostic laboratories, academic & research institutes)), Trends, Industry Competition Analysis, Revenue and Forecast To 2034."

According to the latest research by InsightAce Analytic, the Neurogenomics Market is valued at USD 1.7 Bn in 2024, and it is expected to reach USD 7.3 Bn by the year 2034, with a CAGR of 16.2% during the forecast period of 2025-2034.

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Neurogenomics is an interdisciplinary domain that integrates genomics with neuroscience to investigate the impact of genetic factors on the development, function, and pathology of the nervous system. The field emphasizes understanding how genetic variations influence brain structure, cognitive function, behavior, and the onset of neurological disorders. The global neurogenomics market is experiencing consistent growth, driven by the rising prevalence of neurological diseases, decreasing costs of genomic sequencing, and increasing adoption of advanced sequencing technologies in precision medicine and diagnostic applications. Additionally, growing awareness of neurological conditions, expansion of healthcare infrastructure in emerging regions, and the rising implementation of targeted therapeutic strategies are expected to create substantial growth opportunities for market participants.

List of Prominent Players in the Neurogenomics Market:

·      Illumina, Inc.

·      Thermo Fisher Scientific Inc.

·      Hoffmann-La Roche Ltd.

·      Danaher Corporation

·      Qiagen N. V.

·      Agilent Technologies Inc.

·      Oxford Nanopore Technologies Plc.

·      Revvity Inc.

·      Pacific Biosciences of California Inc.

·      MGI Tech Co. Ltd.

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Market Dynamics

Drivers:

The neurogenomics market is experiencing substantial growth, largely fueled by the increasing prevalence of neurological disorders, including Alzheimer’s disease, Parkinson’s disease, epilepsy, and multiple sclerosis. An aging global population is contributing to the rising incidence of these neurodegenerative conditions, thereby intensifying demand for precise diagnostic tools and targeted therapeutic interventions.

Given the critical role of genetic factors in the onset and progression of many neurological diseases, neurogenomics is emerging as a key platform for early detection and personalized treatment strategies. Both healthcare providers and patients are increasingly leveraging genomic insights to understand disease mechanisms and design tailored intervention approaches.

Challenges:

Despite advances in technology, the high costs associated with genome sequencing and neurogenomic data analysis remain a significant barrier to widespread adoption. Although next-generation sequencing (NGS) platforms have reduced expenses, comprehensive neurogenomic analyses—particularly those addressing complex neurological conditions—still require substantial investment. Costs related to data processing, computational infrastructure, and skilled personnel further amplify the financial burden. These challenges are particularly acute in low- and middle-income countries, where constrained healthcare budgets limit access to advanced genomic diagnostics and therapies, preventing many patients from benefiting from these innovations.

Regional Trends:

North America is projected to retain its leadership in the neurogenomics market, supported by significant R&D investment within the biotechnology and pharmaceutical sectors, the presence of leading genomic solution providers, favorable reimbursement policies, and a high prevalence of neurological disorders. Government initiatives promoting genomics research further reinforce growth in the region.

In contrast, the Asia-Pacific market is expected to achieve the fastest growth over the forecast period, driven by expanding patient populations, rising healthcare expenditure, and increased public awareness of genomic medicine. Government-backed precision medicine programs, coupled with advancements in sequencing technologies, are accelerating the adoption of neurogenomics in clinical practice across the region.

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Recent Development:

• In Feb 2022, The Montreal Neurological Institute-Hospital at McGill University (The Neuro) has announced a new research collaboration with Illumina, Takeda Development Center Americas, Inc., and Roche. The collaboration, propelled by Illumina's whole genome sequencing technology, will establish a robust drug development platform for neurological illnesses, including Parkinson's disease and REM sleep behavior disorders.

Segmentation of Neurogenomics Market-

By Offering-

• Next-Generation Sequencing (NGS)
• Systems
• Kits & Reagents
• DNA Extraction and Amplification Kits & Reagents
• Library Preparation and Target Enrichment Kits & Regents
• Quality Control Kits & Reagents
• Other NGS Kits & Reagents
• Polymerase Chain Reaction (PCR)
• Systems
• Kits & Reagents
• Microarray+
• Readers & Scanners
• DNA and RNA Microarray Kits & Reagents
• Protein Microarray Kits & Reagents
• Tissue Microarray Kits & Reagents
• Software & Services

By Application-

• Variant Discovery
• Research Applications
• Target Identification
• Transcription Factor Binding Analysis
• Functional Studies
• Clinical Applications

By End-user-

• Pharmaceutical & Biotechnology Companies
• Hospitals & Diagnostic Laboratories
• Academic & Research Institutes

By Region-

North America-

·      The US

·      Canada

Europe-

·      Germany

·      The UK

·      France

·      Italy

·      Spain

·      Rest of Europe

Asia-Pacific-

·      China

·      Japan

·      India

·      South Korea

·      South East Asia

·      Rest of Asia Pacific

Latin America-

·      Brazil

·      Argentina

·      Mexico

·      Rest of Latin America

 Middle East & Africa-

·      GCC Countries

·      South Africa

·      Rest of the Middle East and Africa

About Us:

InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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