China Single Molecule, Real-Time (Smrt) Sequencing Market Size & Outlook
- Biotechnology
- Sequencing technology
- Single Molecule, Real-Time (SMRT) Sequencing Market Outlook
- Sequencing technology
China Single Molecule, Real-Time (Smrt) Sequencing Market, 2018-2030 (US$M)
Global Market
Related Markets
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China single molecule, real-time (smrt) sequencing market highlights
- The China single molecule, real-time (smrt) sequencing market generated a revenue of USD 5,342.0 million in 2020 and is expected to reach USD 28,715.8 million by 2030.
- The China market is expected to grow at a CAGR of 18.3% from 2021 to 2030.
- In terms of segment, sequencing was the largest revenue generating workflow in 2020.
- Sequencing is the most lucrative workflow segment registering the fastest growth during the forecast period.
Single molecule, real-time (smrt) sequencing market data book summary
| Market revenue in 2020 | USD 5,342.0 million |
| Market revenue in 2030 | USD 28,715.8 million |
| Growth rate | 18.3% (CAGR from 2020 to 2030) |
| Largest segment | Sequencing |
| Fastest growing segment | Sequencing |
| Historical data | 2018 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pre-Sequencing, Sequencing, Data Analysis |
| Key market players worldwide | Thermo Fisher Scientific Inc, Illumina Inc, Qiagen NV, Pacific Biosciences of California Inc, Roche Holding AG, Oxford Nanopore Technologies PLC, Agilent Technologies, Fluidigm Corporation, Takara Bio Inc, BioLine Rx Ltd ADR, ArcherDX |
Other key industry trends
- In terms of revenue, China accounted for 4.7% of the global single molecule, real-time (smrt) sequencing market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China single molecule, real-time (smrt) sequencing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 12,706.0 million by 2030.
Single-molecule real-time (SMRT) sequencing services are set to witness series of innovation in the coming years wherein large-scale investments in research activities is expected to play a pivotal role.
Moreover, rising investments and funding initiatives among Chinese companies are expected to drive market growth. For instance, in January 2018, BGI and PacBio announced an agreement by BGI genomics to purchase an additional 10 PacBio Sequel Systems.
This agreement is expected to expand the BGI’s capacity for SMRT sequencing for a global sequencing services business.
Key Regions:U.S., UK, Japan, Brazil, Saudi Arabia
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Single Molecule, Real-Time (SMRT) Sequencing Market Scope
Single Molecule, Real-Time (SMRT) Sequencing 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 |
| 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 |
| Fluidigm Corporation | View profile | 501-1000 | South San Francisco, California, United States, North America | www.fluidigm.com |
| Agilent Technologies | View profile | 10001+ | Santa Clara, California, United States, North America | www.agilent.com |
| Pacific Biosciences of California Inc | View profile | 796 | 1305 O’Brien Drive, Menlo Park, CA, United States, 94025 | www.pacb.com |
| 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 |
| BioLine Rx Ltd ADR | View profile | 79 | 2 HaMa’ayan Street, Modi’in, Israel, 7177871 | www.biolinerx.com |
China Single Molecule, Real-Time (SMRT) Sequencing 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 Single Molecule, Real-Time (SMRT) Sequencing Market Outlook will help companies and investors design strategic landscapes.
Sequencing was the largest segment with a revenue share of 54.42% in 2020.
Horizon Databook has segmented the China single molecule, real-time (smrt) sequencing market based on pre-sequencing, sequencing, data analysis covering the revenue growth of each sub-segment from 2018 to 2030.
Single-molecule real-time (SMRT) sequencing services are set to witness series of innovation in the coming years wherein large-scale investments in research activities is expected to play a pivotal role.
Moreover, rising investments and funding initiatives among Chinese companies are expected to drive market growth. For instance, in January 2018, BGI and PacBio announced an agreement by BGI genomics to purchase an additional 10 PacBio Sequel Systems.
This agreement is expected to expand the BGI’s capacity for SMRT sequencing for a global sequencing services business.
- China Single Molecule, Real-Time (Smrt) Sequencing Market Workflow Outlook (Revenue, USD Million , 2018-2030)
- Pre-Sequencing
- Sequencing
- Data Analysis
- China Single Molecule, Real-Time (Smrt) Sequencing Market Application Outlook (Revenue, USD Million , 2018-2030)
- Genomics
- Transcriptomics
- Epigenetics
- China Single Molecule, Real-Time (Smrt) Sequencing Market End-use Outlook (Revenue, USD Million , 2018-2030)
- Academic Research
- Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other
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Horizon Databook provides a detailed overview of country-level data and insights on the China Single Molecule, Real-Time (SMRT) Sequencing Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Single Molecule, Real-Time (SMRT) Sequencing Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
China Single Molecule, Real-Time (Smrt) Sequencing Market, 2018-2030 (US$M)
China single molecule, real-time (smrt) sequencing market statistics, by workflow, 2018-2030 (US$M)
