Genomics Boom Continues

A new report estimates that the genomics research tools market will be worth nearly $9 billion by 2016.

Written byJef Akst

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Los Angeles-based market-analysis company DeciBio predicts that the global genomics life science research tools market will grow some 6 percent over the next 5 years, reaching $8.9 billion by 2016, reported GenomeWeb Daily News. Part of this rise will be supported by the grown of the next-generation sequencing market, which DeciBio estimated to increase by 16 percent annually, reaching $2.25 billion by 2016, according to a new report published last week (April 12).

Genomics "is expected to be the fastest growing segment in the life science research tools space," Stéphane Budel, a partner in DeciBio, told GenomeWeb.

The report noted how technological advancements had driven down the price of genome sequencing from $3 billion a decade ago to just $3,000 today. In the future, such ...

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Meet the Author

Jef Akst
Jef (an unusual nickname for Jennifer) got her master’s degree from Indiana University in April 2009 studying the mating behavior of seahorses. After four years of diving off the Gulf Coast of Tampa and performing behavioral experiments at the Tennessee Aquarium in Chattanooga, she left research to pursue a career in science writing. As The Scientist's managing editor, Jef edited features and oversaw the production of the TS Digest and quarterly print magazine. In 2022, her feature on uterus transplantation earned first place in the trade category of the Awards for Excellence in Health Care Journalism. She is a member of the National Association of Science Writers.
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