Norway Microbiome Sequencing Services Market Size & Outlook
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Norway microbiome sequencing services market highlights
- The Norway microbiome sequencing services market generated a revenue of USD 4.3 million in 2023 and is expected to reach USD 7.0 million by 2030.
- The Norway market is expected to grow at a CAGR of 7.2% 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.
Microbiome sequencing services market data book summary
| Market revenue in 2023 | USD 4.3 million |
| Market revenue in 2030 | USD 7.0 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Sequencing by synthesis |
| Fastest growing segment | Sequencing by synthesis |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Norway accounted for 0.3% of the global microbiome sequencing services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK microbiome sequencing services market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 203.4 million by 2030.
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Microbiome Sequencing Services Market Scope
Microbiome Sequencing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Norway 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 60.47% in 2023. Horizon Databook has segmented the Norway 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.
With the increasing prevalence of chronic diseases, the need for advanced treatment modalities and diagnostics has increased. Thus, key stakeholders, such as research & academic institutions, and companies are engaged in the development of advanced therapies and diagnostics for the effective management of various diseases.
Thus, the increasing demand for novel therapeutics and diagnostics is projected to drive the microbiome sequencing services market in the country. Moreover, the presence of research institutes and government institutions, such as the Norwegian Proteomics Society and Norwegian Proteomics Consortium, which promote proteomics-based research in the country, is expected to contribute to market growth.
Furthermore, a favorable research environment in the country and presence of funding programs are fueling market growth. In addition, rising emphasis of service providers in European markets is likely to provide significant growth opportunities for the country’s market.
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Target buyers of Norway 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 country-level data and insights on the Norway microbiome sequencing services market , including forecasts for subscribers. This country databook contains high-level insights into Norway microbiome sequencing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Norway microbiome sequencing services market size, by technology, 2018-2030 (US$M)
Norway Microbiome Sequencing Services Market Outlook Share, 2023 & 2030 (US$M)
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