UK Metagenomics Market Size & Outlook, 2023-2030
UK metagenomics market, 2018-2030 (US$M)
Related Markets
UK metagenomics market highlights
- The UK metagenomics market generated a revenue of USD 100.7 million in 2023 and is expected to reach USD 251.6 million by 2030.
- The UK 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.
Metagenomics market data book summary
| Market revenue in 2023 | USD 100.7 million |
| Market revenue in 2030 | USD 251.6 million |
| Growth rate | 14% (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, UK accounted for 5.0% 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 61.57% in 2023. Horizon Databook has segmented the UK metagenomics market based on kits & reagents, sequencing & data analytics services, software covering the revenue growth of each sub-segment from 2018 to 2030.
The UK metagenomics market is expected to grow in tandem with the overall European market owing to increasing development of companion diagnostics and subsequent establishment of molecular diagnostic development facilities by key market players.
Furthermore, ongoing strategic alliances between players in European and eastern markets are expected to fuel the region’s metagenomics market during the forecast period.
Consequently, the UK follows Germany, and with the expected implementation of nationwide Europe WGS projects in the coming years, the UK metagenomics market is expected to witness substantial growth in the coming years.
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Metagenomics Market Scope
Metagenomics Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK metagenomics market size, by product, 2018-2030 (US$M)
UK Metagenomics Market Outlook Share, 2023 & 2030 (US$M)
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