Spain Microbiome Sequencing Services Market Size & Outlook
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Spain microbiome sequencing services market highlights
- The Spain microbiome sequencing services market generated a revenue of USD 52.9 million in 2023 and is expected to reach USD 97.3 million by 2030.
- The Spain market is expected to grow at a CAGR of 9.1% 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 52.9 million |
| Market revenue in 2030 | USD 97.3 million |
| Growth rate | 9.1% (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, Spain accounted for 3.5% 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 |
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Spain 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 59.17% in 2023. Horizon Databook has segmented the Spain 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.
The increasing prevalence of chronic & infectious diseases and continuous public–private initiatives to increase awareness about innovative novel sequencing solutions are anticipated to be major factors propelling the demand for microbiome sequencing services in Spain.
In April 2018, the International Society for Computational Biology (ISCB) and the Centre for Genomic Regulation (CRG) hosted the Next Generation Sequencing Conference 2018 in Barcelona, Spain. The meetings aimed to address sequencing challenges faced by bioinformatics researchers and biologists by updating them about the latest sequencing platforms.
Furthermore, supportive government legislation and presence of leading research groups are projected to offer significant growth opportunities for the market. For instance, The Spanish National Research Council (CSIC) is the leading public research institution in the country and the third largest in Europe.
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Target buyers of Spain 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 Spain microbiome sequencing services market , including forecasts for subscribers. This country databook contains high-level insights into Spain microbiome sequencing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain microbiome sequencing services market size, by technology, 2018-2030 (US$M)
Spain Microbiome Sequencing Services Market Outlook Share, 2023 & 2030 (US$M)
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