Argentina Metagenomics Market Size & Outlook, 2024-2030
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Argentina metagenomics market highlights
- The Argentina metagenomics market generated a revenue of USD 27.6 million in 2023 and is expected to reach USD 68.1 million by 2030.
- The Argentina market is expected to grow at a CAGR of 13.8% from 2024 to 2030.
- In terms of segment, kits & reagents was the largest revenue generating product in 2023.
- Sequencing & Data Analytics Services is the most lucrative product segment registering the fastest growth during the forecast period.
Metagenomics market data book summary
| Market revenue in 2023 | USD 27.6 million |
| Market revenue in 2030 | USD 68.1 million |
| Growth rate | 13.8% (CAGR from 2023 to 2030) |
| Largest segment | Kits & reagents |
| Fastest growing segment | Sequencing & Data Analytics Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kits & Reagents, Sequencing & Data Analytics Services, Software |
| Key market players worldwide | Bio-Rad Laboratories Inc, Illumina Inc, PerkinElmer, Thermo Fisher Scientific Inc, Novogene, Promega, Qiagen NV, Takara Bio Inc, Oxford Nanopore Technologies PLC, Roche Holding AG |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.4% of the global metagenomics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil metagenomics market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 191.5 million by 2030.
Kits & reagents was the largest segment with a revenue share of 61.59% in 2023. Horizon Databook has segmented the Argentina metagenomics market based on kits & reagents, sequencing & data analytics services, software covering the revenue growth of each sub-segment from 2018 to 2030.
The competitive scenario for metagenomics market in Argentina has shown promising growth over the past few years. Metagenomics, which integrates various genomics technologies to provide a comprehensive understanding of biological systems, proves to be a reliable approach for comprehending genetic imbalances and, consequently, plays a crucial role in effectively treating diseases linked to genetic disorders and other infectious disease.
According to an article published by PAHO in August 2023, at least nine arboviruses, including dengue, Zika, chikungunya, and yellow fever, have a significant impact on public health. Strengthening and expanding laboratory detection and surveillance capabilities are crucial to ensuring a prompt response to outbreaks and epidemics. As a result of the increasing prevalence of infectious diseases in the country, the demand for metagenomic technology has witnessed a substantial increase.
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Metagenomics Market Scope
Metagenomics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Oxford Nanopore Technologies PLC | View profile | 1133 | Edmund Halley Road, Gosling Building, Oxford Science Park, Oxford, Oxfordshire, United Kingdom, OX4 4DQ | https://www.nanoporetech.com |
| Promega | View profile | 5001-10000 | Madison, Wisconsin, United States, North America | http://www.promega.com/es |
| Novogene | View profile | 501-1000 | Beijing, Beijing, China, Asia | https://en.novogene.com/ |
| PerkinElmer | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.perkinelmer.com |
| Takara Bio Inc | View profile | 1793 | Nojihigashi 7-4-38 Kusatu, Shiga, Otsu, Japan, 520-0058 | http://www.takara-bio.co.jp |
| Qiagen NV | View profile | 5900 | Hulsterweg 82, Venlo, LI, Netherlands, 5912 PL | https://www.qiagen.com |
| Bio-Rad Laboratories Inc | View profile | 8030 | 1000 Alfred Nobel Drive, Hercules, CA, United States, 94547 | https://www.bio-rad.com |
| Illumina Inc | View profile | 9300 | 5200 Illumina Way, San Diego, CA, United States, 92122 | https://www.illumina.com |
| Roche Holding AG | View profile | 103605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | https://www.roche.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
Argentina metagenomics market size, by product, 2018-2030 (US$M)
Argentina Metagenomics Market Outlook Share, 2023 & 2030 (US$M)
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