Spain Metagenomics Market Size & Outlook, 2023-2030
Spain metagenomics market, 2018-2030 (US$M)
Related Markets
Spain metagenomics market highlights
- The Spain metagenomics market generated a revenue of USD 52.3 million in 2023 and is expected to reach USD 119.8 million by 2030.
- The Spain market is expected to grow at a CAGR of 12.6% 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 52.3 million |
| Market revenue in 2030 | USD 119.8 million |
| Growth rate | 12.6% (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, Spain accounted for 2.6% 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 Europe, Germany metagenomics 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 251.6 million by 2030.
Kits & reagents was the largest segment with a revenue share of 61.38% in 2023. Horizon Databook has segmented the Spain metagenomics market based on kits & reagents, sequencing & data analytics services, software covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing prevalence of chronic & infectious diseases and continuous public–private initiatives to increase awareness about innovative NGS solutions are anticipated to be major factors propelling the demand for metagenomics in Spain. In January 2018, the International Society for Computational Biology (ISCB) and the Centre for Genomic Regulation (CRG) hosted the Next Generation Sequencing Conference 2018 in Barcelona, Spain.
The meetings aimed to address sequencing challenges faced by bioinformatics researchers and biologists by updating them about the latest NGS platforms. Spain has become an attractive and competitive market for NGS.
In November 2020, the Spanish government allocated USD 29.5 million for precision & genomic medicine and data science. This investment aimed to enhance the capacity of the regional health system and use scientific knowledge as a tool to embrace economic competitiveness by contributing to innovation.
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Metagenomics Market Scope
Metagenomics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Spain metagenomics market size, by product, 2018-2030 (US$M)
Spain Metagenomics Market Outlook Share, 2023 & 2030 (US$M)
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