Global Optical Genome Mapping Market Size (2024 - 2029)

Optical Genome Mapping Market Analysis

The optical genome mapping market is expected to register a CAGR of 18.5% over the forecast period 2022-2027.

Initially, the COVID-19 pandemic had a considerable impact on the optical genome mapping market due to the unpredicted spread. According to the article 'Host genome analysis of structural variations by Optical Genome Mapping provides clinically valuable insights into genes implicated in critical immune, viral infection, and viral replication pathways in patients with severe COVID-19' published by the medRxiv in 2021 says that to understand the inter-individual variability associated with SARS-CoV-2 infections and COVID19 mortality, optical genome mapping can be a powerful tool to recognize large Structural variations (SV) affecting clinical outcome with split survival and add valuable genomic information to the current sequencing-based technology databases.

Further, the increase in Government initiatives to research more in the genome mapping area is driving the market to grow. For example, according to the information published in Press Information Bureau, the Government of India, Ministry of Science & Technology in March 2020 sanctioned the project named 'GenomeIndia: Cataloguing the Genetic Variation in Indians'. The project is based on Whole Genome Sequencing (WGS) which is expected to be completed for 10,000 people in three years, representing the country's diverse population. The foundation for whole-genome sequencing was laid through optical genome mapping. To help with a genome assembly, sequenced DNA fragments can be aligned to the genome map. The information obtained from whole-genome sequencing can help the country's future human genetics research be more precise, as well as design a genome-wide association array for the Indian population, allowing for the development of precision healthcare and diagnostics for major diseases at a lower cost.

Furthermore, industry players are pursuing marketing strategies such as mergers and acquisitions, as well as product releases. for instance, in June 2022, Hamilton and Bionano Genomics, Inc. announced that they have collaborated on the development of the Long String VANTAGE for the isolation of Ultra High Molecular Weight (UHMW) DNA for optical genome mapping (OGM). An important prerequisite and initial stage in Bionano's sample preparation workflow is the extraction of high-quality and quantity UHMW DNA. UHMW DNA extraction is usually done by hand by highly skilled and experienced laboratory employees, limiting the amount of DNA extracted and its use in regular sample preparation. The businesses plan to engage with a few clinical research labs to test and further develop applications for the Long String VANTAGE and Bionano Prep SP kits, with some of these workflows expected to be commercialized by the end of 2022.

The investigated market is expected to grow throughout the analysis period for the reasons stated. However, the lack of skilled technicians to perform complex procedures restrain the market growth.

Optical Genome Mapping Industry Segmentation

As per the scope of the report, Optical genome mapping (OGM) is a high-resolution genome-wide examination that highlights copy number and structural anomalies, including balanced translocations, using ultra-high molecular weight DNA molecules. The optical genome mapping market is segmented by Product Type (Instruments (Optical Genome Mapping Instrument), Consumables), End Users (Biotechnology & Pharmaceutical Companies, Research & Academic Institutions, Others) Geography (North America, Europe, Asia-Pacific, South America, Middle East, and Africa). The report offers the value (in USD million) for the above segments. The market report also covers the estimated market sizes and trends for 17 different countries across major regions, globally. The report offers the value (in USD million) for the above segments.