Australia Microbiome Sequencing Services Market Size & Outlook
Australia microbiome sequencing services market, 2018-2030 (US$M)
Related Markets
Australia microbiome sequencing services market highlights
- The Australia microbiome sequencing services market generated a revenue of USD 30.0 million in 2023 and is expected to reach USD 71.2 million by 2030.
- The Australia market is expected to grow at a CAGR of 13.2% from 2024 to 2030.
- In terms of segment, sequencing by synthesis was the largest revenue generating technology in 2023.
- Sequencing by synthesis is the most lucrative technology segment registering the fastest growth during the forecast period.
Microbiome sequencing services market data book summary
| Market revenue in 2023 | USD 30.0 million |
| Market revenue in 2030 | USD 71.2 million |
| Growth rate | 13.2% (CAGR from 2023 to 2030) |
| Largest segment | Sequencing by synthesis |
| Fastest growing segment | Sequencing by synthesis |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sequencing by synthesis, Sequencing by ligation, Sanger sequencing |
| Key market players worldwide | Microbiome Insights Inc., BaseClear, Clinical Microbiomics, Mérieux NutriSciences Corporation, Mr Dna, Metabiomics, Rancho BioSciences, Second Genome, Zymo Research, uBiome |
Other key industry trends
- In terms of revenue, Australia accounted for 2.0% of the global microbiome sequencing services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China microbiome sequencing services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 75.0 million by 2030.
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Microbiome Sequencing Services Market Scope
Microbiome Sequencing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia microbiome sequencing services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to microbiome sequencing services market will help companies and investors design strategic landscapes.
Sequencing by synthesis was the largest segment with a revenue share of 59.33% in 2023. Horizon Databook has segmented the Australia microbiome sequencing services market based on sequencing by synthesis, sequencing by ligation, sanger sequencing covering the revenue growth of each sub-segment from 2018 to 2030.
Australia’s excellent research facilities, world-class researchers, and a firm but flexible regulatory framework have made Australia a powerhouse of pharmaceutical & biotechnology innovation. According to the data published by the Australian Trade and Investment Commission, Australia has become a hub for a thriving network of more than 470 biotechnology companies.
The significant presence of established pharmaceutical & biotechnology companies and extensive R&D initiatives being undertaken by them are expected to create a high demand for microfluidics-based solutions in the country. Moreover, the market growth is driven by the presence of research institutes, rising academia-industry collaborations, and various organic & inorganic initiatives undertaken by market participants.
For instance, the Ramaciotti Centre for Genomics is the largest genomics center at Australian University. The key capabilities of the university are NGS and expression analysis. Moreover, the University’s research revolves around areas like genome & epigenome, single-cell studies, and microbiome & metagenome analysis.
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Target buyers of Australia microbiome sequencing services market databook
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Our clientele includes a mix of microbiome sequencing services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Australia microbiome sequencing services market , including forecasts for subscribers. This country databook contains high-level insights into Australia microbiome sequencing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia microbiome sequencing services market size, by technology, 2018-2030 (US$M)
Australia Microbiome Sequencing Services Market Outlook Share, 2023 & 2030 (US$M)
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