Denmark Microbiome Sequencing Services Market Size & Outlook
Denmark microbiome sequencing services market, 2018-2030 (US$M)
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Denmark microbiome sequencing services market highlights
- The Denmark microbiome sequencing services market generated a revenue of USD 14.0 million in 2023 and is expected to reach USD 24.4 million by 2030.
- The Denmark market is expected to grow at a CAGR of 8.3% 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 14.0 million |
| Market revenue in 2030 | USD 24.4 million |
| Growth rate | 8.3% (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, Denmark accounted for 0.9% 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 Europe, UK microbiome sequencing services market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 203.4 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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Denmark 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 59.29% in 2023. Horizon Databook has segmented the Denmark 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.
According to the World Population Review, in 2022, Denmark was ranked 5th globally in terms of number of cancer cases. Thus, the high burden of target conditions is fueling the demand for advanced therapeutics and diagnostics.
The country’s market is majorly driven by the significantly growing demand for precision medicine, rising R&D expenditure by biopharmaceutical companies, and evolving biotechnology sector in the country. For instance, according to the Ministry of Foreign Affairs of Denmark, the country is ranked 3rd in Europe in the biotechnology sector and has the world’s greatest percentage of patents in biotechnology.
Moreover, favorable research environment in the country and presence of a large number of microbiome sequencing service providers are anticipated to propel the country’s market. For instance, in October 2022, Clinical Microbiomics, a Danish microbiome company acquired MSOmics, a leading metabolomics provider.
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Target buyers of Denmark 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 Denmark microbiome sequencing services market , including forecasts for subscribers. This country databook contains high-level insights into Denmark microbiome sequencing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Denmark microbiome sequencing services market size, by technology, 2018-2030 (US$M)
Denmark Microbiome Sequencing Services Market Outlook Share, 2023 & 2030 (US$M)
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