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 |
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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.
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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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