U.S. Dna Sequencing Market Size & Outlook, 2023-2030
U.S. dna sequencing market, 2018-2030 (US$M)
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U.S. dna sequencing market highlights
- The U.S. dna sequencing market generated a revenue of USD 5,775.7 million in 2023 and is expected to reach USD 22,373.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 21.3% 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 5,775.7 million |
| Market revenue in 2030 | USD 22,373.3 million |
| Growth rate | 21.3% (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, U.S. accounted for 46.6% 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 North America, U.S. dna sequencing market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,221.7 million by 2030.
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DNA Sequencing Market Scope
DNA Sequencing Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 48.95% in 2023. Horizon Databook has segmented the U.S. dna sequencing market based on consumables, instruments, services covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. dominated North America’s market due to its extensive genomics, oncology, and whole genome sequencing research. Other factors that can be attributed to the significant adoption of DNA sequencing technology in this country are sophisticated research & medical infrastructure, funding, skilled personnel, and companies pushing for better research methods to identify newer technologies.
The U.S. is witnessing rapid clinical developments in NGS methodologies for applications in oncology and infectious diseases. Presence of market leaders, such as Illumina, Roche, and Life Technologies, which are involved in the development of rapid and high-throughput sequencing capabilities, has contributed to the country’s market growth.
These players are undertaking several strategic initiatives to strengthen their market presence in the country. For instance, in February 2022, Agilent Technologies, Inc. partnered with Element Biosciences, Inc. to integrate the latter’s AVITI System with Agilent’s Sure Select target enrichment panels for enhancing customer access to genomic tools.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. dna sequencing market , including forecasts for subscribers. This country databook contains high-level insights into U.S. dna sequencing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. dna sequencing market size, by product & service, 2018-2030 (US$M)
U.S. DNA Sequencing Market Outlook Share, 2023 & 2030 (US$M)
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