India Genotyping Market Size & Outlook, 2023-2030
India genotyping market, 2018-2030 (US$M)
Related Markets
India genotyping market highlights
- The India genotyping market generated a revenue of USD 381.4 million in 2023 and is expected to reach USD 1,181.6 million by 2030.
- The India market is expected to grow at a CAGR of 17.5% from 2024 to 2030.
- In terms of segment, reagents & kits was the largest revenue generating product in 2023.
- Reagents & kits is the most lucrative product segment registering the fastest growth during the forecast period.
Genotyping market data book summary
| Market revenue in 2023 | USD 381.4 million |
| Market revenue in 2030 | USD 1,181.6 million |
| Growth rate | 17.5% (CAGR from 2023 to 2030) |
| Largest segment | Reagents & kits |
| Fastest growing segment | Reagents & kits |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents & kits, Services |
| Key market players worldwide | Illumina Inc, Thermo Fisher Scientific Inc, Qiagen NV, Roche, Fluidigm Corporation, Danaher Corp, Agilent Technologies, Eurofins Scientific SE, GE HealthCare Technologies Inc Common Stock, Bio-Rad Laboratories Inc |
Other key industry trends
- In terms of revenue, India accounted for 2.1% of the global genotyping market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan genotyping 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 1,181.6 million by 2030.
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Genotyping Market Scope
Genotyping Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India genotyping 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 genotyping market will help companies and investors design strategic landscapes.
Reagents & kits was the largest segment with a revenue share of 61.2% in 2023. Horizon Databook has segmented the India genotyping market based on instruments, reagents & kits, services covering the revenue growth of each sub-segment from 2018 to 2030.
India genotyping market has a different regulatory scenario than other countries in this region, such as Japan and China. India has more flexible regulatory guidelines and most of the equipment & material is imported from other countries.
Thus, several global players have a strong foothold in Indian market. Companies such as Roche, Illumina, Eurofins, and Thermo Fisher Scientific provide genotyping solutions and kits in India. India genotyping market is expected to witness significant growth owing to increased investments by private and foreign entities.
For instance, in April 2020, MedGenome raised USD 55 million from private investors including LeapFrog, Sequoia, and Sofina. It is one of the leading genomic companies in India providing a variety of genomic solutions, such as genotyping and genetic tests.
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Target buyers of India genotyping market databook
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Our clientele includes a mix of genotyping 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 India genotyping market , including forecasts for subscribers. This country databook contains high-level insights into India genotyping market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India genotyping market size, by product, 2018-2030 (US$M)
India Genotyping Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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