Asia Pacific Microbiome Sequencing Services Market Size & Outlook
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Asia Pacific microbiome sequencing services market highlights
- The Asia Pacific microbiome sequencing services market generated a revenue of USD 195.4 million in 2023.
- The market is expected to grow at a CAGR of 12.6% from 2024 to 2030.
- In terms of segment, sequencing by synthesis was the largest revenue generating technology in 2023.
- Sequencing by synthesis is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 195.4 million |
| Market revenue in 2030 | USD 447.9 million |
| Growth rate | 12.6% (CAGR from 2023 to 2030) |
| Largest segment | Sequencing by synthesis |
| Fastest growing segment | Sequencing by synthesis |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sequencing by synthesis, Sequencing by ligation, Sanger sequencing |
| Key market players worldwide | Microbiome Insights Inc., BaseClear, Clinical Microbiomics, Mérieux NutriSciences Corporation, Mr Dna, Metabiomics, Rancho BioSciences, Second Genome, Zymo Research, uBiome |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 12.9% of the global microbiome sequencing services market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 447.9 million by 2030.
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Microbiome Sequencing Services Market Scope
Microbiome Sequencing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| uBiome | View profile | 101-250 | San Francisco, California, United States, North America | http://ubiome.com |
| Zymo Research | View profile | 101-250 | Irvine, California, United States, North America | https://www.zymoresearch.com |
| Rancho BioSciences | View profile | 101-250 | San Diego, California, United States, North America | http://ranchobiosciences.com |
| Metabiomics | View profile | 1-10 | Carlsbad, California, United States, North America | http://metabiomics.com/ |
| Mr Dna | View profile | - | Shallowater, Texas, United States, North America | http://mrdnalab.com/ |
| Mérieux NutriSciences Corporation | View profile | 5001-10000 | Chicago, Illinois, United States, North America | http://www.merieuxnutrisciences.com/na |
| Clinical Microbiomics | View profile | 11-50 | Copenhagen, Hovedstaden, Denmark, Europe | http://www.clinical-microbiomics.com |
| BaseClear | View profile | 51-100 | Leiden, Zuid-Holland, The Netherlands, Europe | https://www.baseclear.com/ |
| Microbiome Insights Inc. | View profile | 11-50 | Vancouver, British Columbia, Canada, North America | https://microbiomeinsights.com/ |
| Second Genome | View profile | 11-50 | San Francisco, California, United States, North America | http://www.secondgenome.com |
Asia Pacific microbiome sequencing services 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 microbiome sequencing services market will help companies and investors design strategic landscapes.
Sequencing by synthesis was the largest segment with a revenue share of 59.47% in 2023. Horizon Databook has segmented the Asia Pacific microbiome sequencing services market based on sequencing by synthesis, sequencing by ligation, sanger sequencing covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific region is estimated to register the fastest growth rate during the projected period. The fast-paced growth of this region is expected to be mainly driven by China and India. Key factors driving the industry growth include an increase in access to technologies, a large patient pool, and improvement in healthcare infrastructure.
The increasing adoption of microbiome sequencing technology in emerging markets by mature players to enhance research capabilities is also a significant factor driving the region’s growth. Moreover, the flourishing biotechnology sector, presence of a large number of research & academic institutes, and significant investments by market participants are projected to drive market growth in the region.
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Target buyers of Asia Pacific microbiome sequencing services market databook
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Our clientele includes a mix of microbiome sequencing services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 continent-level data and insights on the Asia Pacific microbiome sequencing services market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific microbiome sequencing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific microbiome sequencing services market size, by country, 2018-2030 (US$M)
Asia Pacific Microbiome Sequencing Services Market Outlook Share, 2023 & 2030 (US$M)
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