Canada Microbiome Sequencing Services Market Size & Outlook
Canada microbiome sequencing services market, 2018-2030 (US$M)
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Canada microbiome sequencing services market highlights
- The Canada microbiome sequencing services market generated a revenue of USD 58.2 million in 2023 and is expected to reach USD 127.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 11.9% 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 58.2 million |
| Market revenue in 2030 | USD 127.6 million |
| Growth rate | 11.9% (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, Canada accounted for 3.9% 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 North America, U.S. microbiome sequencing services market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 127.6 million by 2030.
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Microbiome Sequencing Services Market Scope
Microbiome Sequencing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 57.04% in 2023. Horizon Databook has segmented the Canada 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.
Canada's microbiome sequencing services market is expected to exhibit lucrative growth during the forecast period owing to an increase in R&D activities and rise in government investments in the country. Various initiatives undertaken by the Canadian government have significantly increased the delivery of high-quality genomics-based R&D solutions for food, healthcare, environment, and other sectors.
The Genomics Research and Development Initiative (GRDI) is one such initiative undertaken by the government to promote collaborations among agencies and discuss their workflows of genomics research. GRDI funding supports the delivery of genomic solutions through bioinformatics and physical tools such as the use of sequencing technologies.
Therefore, NGS was used to detect and identify plant pests, investigate the cumulative effects of urban pollutants on fish species, recognize de novo mutations in the offspring, and use this technology as a bio-surveillance tool for tracking and inhibiting foreign pest invasion. This, in turn, is expected to positively influence the adoption of sequencing-based services in Canada market.
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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 Canada microbiome sequencing services market , including forecasts for subscribers. This country databook contains high-level insights into Canada microbiome sequencing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada microbiome sequencing services market size, by technology, 2018-2030 (US$M)
Canada Microbiome Sequencing Services Market Outlook Share, 2023 & 2030 (US$M)
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