Spain Genotyping Market Size & Outlook, 2023-2030
Spain genotyping market, 2018-2030 (US$M)
Related Markets
Spain genotyping market highlights
- The Spain genotyping market generated a revenue of USD 415.4 million in 2023 and is expected to reach USD 1,084.1 million by 2030.
- The Spain market is expected to grow at a CAGR of 14.7% 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 415.4 million |
| Market revenue in 2030 | USD 1,084.1 million |
| Growth rate | 14.7% (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, Spain accounted for 2.3% 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 Europe, Germany genotyping market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,107.6 million by 2030.
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Genotyping Market Scope
Genotyping Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Spain 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 61.17% in 2023. Horizon Databook has segmented the Spain genotyping market based on instruments, reagents & kits, services covering the revenue growth of each sub-segment from 2018 to 2030.
Genomic diagnostic instruments and service providers are developing novel technologies with improved accuracy, speed, and sensitivity. Such advanced diagnostic solutions are essential part of genetic-based diagnosis. Commonly performed diagnostic tests in the country include HPV testing for cervical cancer, diagnosis of viral load, and detection of genetic region linked to disorders such as cancer.
Strategic initiatives being undertaken by local players are anticipated to drive market growth. Genomica S.A.U is one of the key companies in Spain, which actively provides genotyping solutions related to diagnostics such as the Clart HPV line, an IVD diagnostic product for genotyping & detection of various HPV.
This technology uses multiplex PCR and low-density arrays. Similarly, Roche also provides a genotyping-based HPV diagnostic solution through its cobas 4800 system. Presence of all these players with strong foothold in the market is expected to boost market growth.
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Target buyers of Spain 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 Spain genotyping market , including forecasts for subscribers. This country databook contains high-level insights into Spain genotyping market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Spain genotyping market size, by product, 2018-2030 (US$M)
Spain Genotyping Market Outlook Share, 2023 & 2030 (US$M)
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