Asia Pacific Metagenomics Market Size & Outlook, 2023-2030

The metagenomics market in Asia Pacific is expected to reach a projected revenue of US$ 938.3 million by 2030. A compound annual growth rate of 14% is expected of Asia Pacific metagenomics market from 2024 to 2030.
Revenue, 2023 (US$M)
$374.6
Forecast, 2030 (US$M)
$938.3
CAGR, 2024 - 2030
14%
Report Coverage
Asia Pacific

Asia Pacific metagenomics market highlights

  • The Asia Pacific metagenomics market generated a revenue of USD 374.6 million in 2023.
  • The market is expected to grow at a CAGR of 14% 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.
  • Country-wise, China is expected to register the highest CAGR from 2024 to 2030.


Asia Pacific data book summary

Market revenue in 2023USD 374.6 million
Market revenue in 2030USD 938.3 million
Growth rate14% (CAGR from 2023 to 2030)
Largest segmentKits & reagents
Fastest growing segmentSequencing & Data Analytics Services
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationKits & Reagents, Sequencing & Data Analytics Services, Software
Key market players worldwideBio-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, Asia Pacific region accounted for 18.5% of the global metagenomics market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 938.3 million by 2030.

Kits & reagents was the largest segment with a revenue share of 61.45% in 2023. Horizon Databook has segmented the Asia Pacific metagenomics market based on kits & reagents, sequencing & data analytics services, software covering the revenue growth of each sub-segment from 2018 to 2030.


Healthcare and clinical research service providers in Japan have been integrating Next-Generation Sequencing (NGS) technologies for the past couple of years. They are expected to account for a considerable share of Asia Pacific metagenomics revenue share.

Ongoing developments in HLA and prenatal NGS testing, coupled with international collaborations with U.S. & European companies, are expected to fuel the growth of Japan metagenomics market during the forecast period. Moreover, many hospitals in Japan have started using NGS-based mutational profile screening for patients with solid tumors to direct patients to relevant clinical trials.

Various cancer gene panels to be used in clinical practice have also been approved by the Ministry of Health, Labour and Welfare of Japan. However, a medical protocol for reporting and interpreting clinical variants must be developed. Using sequencing technology in this field, significant progress has been made in understanding the molecular causes of cancer.

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Metagenomics Market Scope

Metagenomics market segmentation & scope
Kits & Reagents
Sequencing & Data Analytics Services
Software
Shotgun Sequencing
16S Sequencing
Whole Genome Sequencing
Others
Pre-sequencing
Sequencing
Data Analysis
Environmental
Clinical Diagnostics
Drug Discovery
Biotechnology
Food & nutrition
Others

Metagenomics Market Companies

Name Profile # Employees HQ Website

Asia Pacific metagenomics market size, by country, 2018-2030 (US$M)

Asia Pacific Metagenomics Market Outlook Share, 2023 & 2030 (US$M)

Asia Pacific metagenomics market size, by country, 2018-2030 (US$M)

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