Canada Metagenomics Market Size & Outlook, 2024-2030
- Biotechnology
- Genomics & Genetic Engineering
- Metagenomics Market Outlook
- Genomics & Genetic Engineering
Global Market
Related Markets
Ask Prism AI about the metagenomics market
Get cited answers from GVR research on market growth, segments, regulations and forecasts.
- Source-linked answers
- Market-specific context
- Traceable figures
Canada metagenomics market highlights
- The Canada metagenomics market generated a revenue of USD 40.0 million in 2023 and is expected to reach USD 83.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 11.1% from 2024 to 2030.
- In terms of segment, kits & reagents was the largest revenue generating product in 2023.
- Sequencing & Data Analytics Services is the most lucrative product segment registering the fastest growth during the forecast period.
Metagenomics market data book summary
| Market revenue in 2023 | USD 40.0 million |
| Market revenue in 2030 | USD 83.5 million |
| Growth rate | 11.1% (CAGR from 2023 to 2030) |
| Largest segment | Kits & reagents |
| Fastest growing segment | Sequencing & Data Analytics Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kits & Reagents, Sequencing & Data Analytics Services, Software |
| Key market players worldwide | Bio-Rad Laboratories Inc, Illumina Inc, PerkinElmer, Thermo Fisher Scientific Inc, Novogene, Promega, Qiagen NV, Takara Bio Inc, Oxford Nanopore Technologies PLC, Roche Holding AG |
Other key industry trends
- In terms of revenue, Canada accounted for 2.0% of the global metagenomics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. metagenomics market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,791.3 million by 2030.
The Canada metagenomics market is expected to register significant growth during the forecast period owing to ongoing initiatives for developments and advancements undertaken by institutions, such as Ontario University, to develop molecular & companion diagnostics using NGS. Moreover, Canadian researchers are employing genome sequencing to track various infectious diseases.
For instance, in December 2020, Genome sequencing was used by infectious disease researchers at McMaster University in Hamilton, Ontario, to detect COVID-19 variations. Such initiatives are expected to increase genome sequencing techniques, boosting NGS adoption in the country. In August 2023, Trace Genomics and Taurus Agricultural Marketing formed an international partnership.
In this multiyear collaboration, Taurus Ag will exclusively offer Trace soil diagnostics in Canada, providing comprehensive insights and actionable information on soil biology to retailers, consultants, agronomists, and growers for the first time in the Canadian market.
No credit card required*
Customize the Report
20% free customization
- Include
- Countries, segments, points
- Tailor
- To your product definition
- Extend
- Deeper competitor detail
- Or
- A fully bespoke study
- Turnaround
- 5–10 working days
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Metagenomics Market Scope
Metagenomics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Thermo Fisher Scientific Inc | View profile | 122,000 | 168 Third Avenue, Waltham, MA, United States, 02451 | www.thermofisher.com |
| Roche Holding AG | View profile | 103,605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | www.roche.com |
| Illumina Inc | View profile | 9,300 | 5200 Illumina Way, San Diego, CA, United States, 92122 | www.illumina.com |
| Bio-Rad Laboratories Inc | View profile | 8,030 | 1000 Alfred Nobel Drive, Hercules, CA, United States, 94547 | www.bio-rad.com |
| Qiagen NV | View profile | 5,900 | Hulsterweg 82, Venlo, LI, Netherlands, 5912 PL | www.qiagen.com |
| Takara Bio Inc | View profile | 1,793 | Nojihigashi 7-4-38 Kusatu, Shiga, Otsu, Japan, 520-0058 | www.takara-bio.co.jp |
| PerkinElmer | View profile | 10001+ | Waltham, Massachusetts, United States, North America | www.perkinelmer.com |
| Novogene | View profile | 501-1000 | Beijing, Beijing, China, Asia | en.novogene.com/ |
| Promega | View profile | 5001-10000 | Madison, Wisconsin, United States, North America | www.promega.com/es |
| Oxford Nanopore Technologies PLC | View profile | 1,133 | Edmund Halley Road, Gosling Building, Oxford Science Park, Oxford, Oxfordshire, United Kingdom, OX4 4DQ | www.nanoporetech.com |
Canada Metagenomics Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Metagenomics Market Outlook will help companies and investors design strategic landscapes.
Kits & Reagents was the largest segment with a revenue share of 61.5% in 2023.
Horizon Databook has segmented the Canada metagenomics market based on kits & reagents, sequencing & data analytics services, software covering the revenue growth of each sub-segment from 2018 to 2030.
The Canada metagenomics market is expected to register significant growth during the forecast period owing to ongoing initiatives for developments and advancements undertaken by institutions, such as Ontario University, to develop molecular & companion diagnostics using NGS. Moreover, Canadian researchers are employing genome sequencing to track various infectious diseases.
For instance, in December 2020, Genome sequencing was used by infectious disease researchers at McMaster University in Hamilton, Ontario, to detect COVID-19 variations. Such initiatives are expected to increase genome sequencing techniques, boosting NGS adoption in the country. In August 2023, Trace Genomics and Taurus Agricultural Marketing formed an international partnership.
In this multiyear collaboration, Taurus Ag will exclusively offer Trace soil diagnostics in Canada, providing comprehensive insights and actionable information on soil biology to retailers, consultants, agronomists, and growers for the first time in the Canadian market.
- Canada Metagenomics Market Application Outlook (Revenue, USD Million , 2018-2030)
- Others
- Clinical Diagnostics
- Drug Discovery
- Biotechnology
- Environmental
- Food & nutrition
- Canada Metagenomics Market Technology Outlook (Revenue, USD Million , 2018-2030)
- Whole Genome Sequencing
- Shotgun Sequencing
- Others
- 16S Sequencing
- Canada Metagenomics Market Product Outlook (Revenue, USD Million , 2018-2030)
- Sequencing & Data Analytics Services
- Kits & Reagents
- Software
- Canada Metagenomics Market Workflow Outlook (Revenue, USD Million , 2018-2030)
- Pre-sequencing
- Sequencing
- Data Analysis
Reasons to subscribe to Metagenomics Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Metagenomics Market Outlook databook
- Our clientele includes a mix of Metagenomics Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada Metagenomics Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Metagenomics Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Canada Metagenomics Market, 2018-2030 (US$M)
Canada metagenomics market statistics, by application, 2018-2030 (US$M)
