Data Bridge Market Research projects growth in global spare parts and functional genomics markets

Data Bridge Market Research released two market forecasts. The Spare Parts Management (SPM) market was valued at USD 1.20 billion in 2025 and is projected to reach USD 2.62 billion by 2033, expanding at a compound annual growth rate (CAGR) of 10.30% from 2026 to 2033. The report segments the SPM market by component (software, services), organization size (large enterprises, SMEs) and end‑user industry.

The Functional Genomics market was valued at USD 7.28 billion in 2025 and is expected to grow to USD 16.89 billion by 2033, with a CAGR of 11.10% over the same period. Segmentation includes product type (instruments, consumables, services), application (gene annotation, expression analysis, SNP discovery) and end‑user (academic/research institutes, pharma and biotech firms, CROs). Both reports provide global and regional analysis covering Europe, North America, Asia‑Pacific, South America, the Middle East and Africa.