Sweden Metagenomics Market Size & Outlook, 2023-2030
Sweden metagenomics market, 2018-2030 (US$M)
Related Markets
Sweden metagenomics market highlights
- The Sweden metagenomics market generated a revenue of USD 40.1 million in 2023 and is expected to reach USD 90.1 million by 2030.
- The Sweden market is expected to grow at a CAGR of 12.3% 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 40.1 million |
| Market revenue in 2030 | USD 90.1 million |
| Growth rate | 12.3% (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, Sweden accounted for 2.0% 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 61.6% in 2023. Horizon Databook has segmented the Sweden metagenomics market based on kits & reagents, sequencing & data analytics services, software covering the revenue growth of each sub-segment from 2018 to 2030.
In Sweden, increased usage of metagenomics in clinical practice for proper diagnosis and treatment is driving the market. For instance, in 2021, around 2,000 samples were analyzed with whole-exome sequencing and 5,000 samples with whole-genome sequencing in a clinical routine in Sweden.
In addition, the collaboration between SciLifeLab Clinical Genomics platform and Genomic Medicine Sweden (GMS) to develop precision diagnostics has enabled whole-genome sequencing for rare diseases in hospitals. Increasing adoption of sequencing techniques in hospitals and laboratories has further boosted the demand for metagenomics technologies.
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Metagenomics Market Scope
Metagenomics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Sweden metagenomics market size, by product, 2018-2030 (US$M)
Sweden Metagenomics Market Outlook Share, 2023 & 2030 (US$M)
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