Germany Dna Sequencing Market Size & Outlook, 2023-2030
Germany dna sequencing market, 2018-2030 (US$M)
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Germany dna sequencing market highlights
- The Germany dna sequencing market generated a revenue of USD 800.5 million in 2023 and is expected to reach USD 3,667.3 million by 2030.
- The Germany market is expected to grow at a CAGR of 24.3% from 2024 to 2030.
- In terms of segment, instruments was the largest revenue generating product & service in 2023.
- Services is the most lucrative product & service segment registering the fastest growth during the forecast period.
Dna sequencing market data book summary
| Market revenue in 2023 | USD 800.5 million |
| Market revenue in 2030 | USD 3,667.3 million |
| Growth rate | 24.3% (CAGR from 2023 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumables, Instruments, Services |
| Key market players worldwide | Thermo Fisher Scientific Inc, Agilent Technologies Inc, Illumina Inc, Qiagen NV, Roche Holding AG, Macrogenics Inc, PerkinElmer, Pacific Biosciences of California Inc, BGI Group, BGC Group Inc Ordinary Shares Class A, Bio-Rad Laboratories Inc, Myriad Genetics Inc, PierianDx, Eurofins Scientific SE |
Other key industry trends
- In terms of revenue, Germany accounted for 6.5% of the global dna sequencing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany dna 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 3,667.3 million by 2030.
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DNA Sequencing Market Scope
DNA Sequencing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany dna 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 dna sequencing market will help companies and investors design strategic landscapes.
Instruments was the largest segment with a revenue share of 49.03% in 2023. Horizon Databook has segmented the Germany dna sequencing market based on consumables, instruments, services covering the revenue growth of each sub-segment from 2018 to 2030.
Large number of providers are offering NGS tools and undertaking initiatives to expand the scope of these tools. QIAGEN, CeGaT GmbH, Intrexon Bioinformatics Germany GmbH, and Eurofins Scientific are some of the companies significantly impacting the market growth in this region.
For instance, in May 2022, QIAGEN N.V. launched QI Axcel Connect, a nucleic acid analysis capillary electrophoresis instrument. This device is used for high-resolution genotyping and QC of cell-free DNA & NGS library. In addition, in January 2021, Eurofins Scientific expanded its capacity for assessment and detection of novel COVID-19 strains.
The capacity expansion includes ARTIC NGS of more than 5,000 full genomes per day. Several initiatives taken in this country to expand the scope of genomic studies drive the uptake of sequencing solutions. For instance, in January 2020, Germany joined the initiative—“Towards access to at least 1 million sequenced genomes in the EU by 2022.”
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany dna sequencing market , including forecasts for subscribers. This country databook contains high-level insights into Germany dna sequencing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany dna sequencing market size, by product & service, 2018-2030 (US$M)
Germany DNA Sequencing Market Outlook Share, 2023 & 2030 (US$M)
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