UK Short-read Sequencing Market Size & Outlook, 2023-2030
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UK short-read sequencing market highlights
- The UK short-read sequencing market generated a revenue of USD 354.6 million in 2023 and is expected to reach USD 1,219.9 million by 2030.
- The UK market is expected to grow at a CAGR of 19.3% from 2024 to 2030.
- In terms of segment, consumables was the largest revenue generating product in 2023.
- Services is the most lucrative product segment registering the fastest growth during the forecast period.
Short-read sequencing market data book summary
| Market revenue in 2023 | USD 354.6 million |
| Market revenue in 2030 | USD 1,219.9 million |
| Growth rate | 19.3% (CAGR from 2023 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Consumables, Services |
| Key market players worldwide | Illumina Inc, Thermo Fisher Scientific Inc, Pacific Biosciences of California Inc, Birks Group Inc Class A, Qiagen NV, Agilent Technologies Inc, Macrogenics Inc, Azenta Inc, PerkinElmer, ProPhase Labs Inc |
Other key industry trends
- In terms of revenue, UK accounted for 6.2% of the global short-read sequencing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany short-read sequencing market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 1,237.0 million by 2030.
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Short-read Sequencing Market Scope
Short-read Sequencing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ProPhase Labs Inc | View profile | 113 | 711 Stewart Avenue, Suite 200, Garden City, NY, United States, 11530 | https://www.prophaselabs.com |
| Birks Group Inc Class A | View profile | 313 | 2020 Robert-Bourassa Boulevard, Suite 200, Montreal, QC, Canada, H3A 2A5 | https://www.birks.com |
| Pacific Biosciences of California Inc | View profile | 796 | 1305 O’Brien Drive, Menlo Park, CA, United States, 94025 | https://www.pacb.com |
| Macrogenics Inc | View profile | 339 | 9704 Medical Center Drive, Rockville, MD, United States, 20850 | https://www.macrogenics.com |
| PerkinElmer | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.perkinelmer.com |
| Azenta Inc | View profile | 3400 | 200 Summit Drive, 6th Floor, Burlington, MA, United States, 01803 | https://www.azenta.com |
| Qiagen NV | View profile | 5900 | Hulsterweg 82, Venlo, LI, Netherlands, 5912 PL | https://www.qiagen.com |
| Agilent Technologies Inc | View profile | 17700 | 5301 Stevens Creek Boulevard, Santa Clara, CA, United States, 95051 | https://www.agilent.com |
| Illumina Inc | View profile | 9300 | 5200 Illumina Way, San Diego, CA, United States, 92122 | https://www.illumina.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
UK short-read 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 short-read sequencing market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 63.37% in 2023. Horizon Databook has segmented the UK short-read sequencing market based on instruments, consumables, services covering the revenue growth of each sub-segment from 2018 to 2030.
UK short read sequencing market is characterized by the presence of several government and non-government organizations that promote the growth of biotechnology and associated sciences. For instance, the Bio Industry Association (BIA); a trade association for inventive life sciences in UK; promotes an environment that enables innovative life science firms to start and grow sustainably, and successfully.
In addition, a rise in the development of companion diagnostics and the subsequent establishment of molecular diagnostic development bases by the prominent market participants is expected to enhance revenue generation in UK market.
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Target buyers of UK short-read sequencing market databook
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Our clientele includes a mix of short-read sequencing 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 UK short-read sequencing market , including forecasts for subscribers. This country databook contains high-level insights into UK short-read sequencing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK short-read sequencing market size, by product, 2018-2030 (US$M)
UK Short-read Sequencing Market Outlook Share, 2023 & 2030 (US$M)
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