Europe Microbiome Sequencing Services Market Size & Outlook
Europe microbiome sequencing services market, 2018-2030 (US$M)
Related Markets
Europe microbiome sequencing services market highlights
- The Europe microbiome sequencing services market generated a revenue of USD 439.1 million in 2023.
- The market is expected to grow at a CAGR of 11.5% 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.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 439.1 million |
| Market revenue in 2030 | USD 941.9 million |
| Growth rate | 11.5% (CAGR from 2023 to 2030) |
| Largest segment | Sequencing by synthesis |
| Fastest growing segment | Sequencing by synthesis |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 29.1% of the global microbiome sequencing services market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 447.9 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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Europe 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 58.92% in 2023. Horizon Databook has segmented the Europe 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.
Europe accounts for a considerable revenue share of the microbiome sequencing services market due to the presence of developed economies, such as Germany, Spain, the UK, France, and Italy. These countries have advanced infrastructure, which is anticipated to significantly boost clinical research prospects in the region.
Moreover, the market growth can be attributed to the growing biotechnology industry and rising investments in genomic sequencing in countries such as the UK & Germany.The population in Europe is rapidly aging.
According to the UN, individuals aged over 65 make up 19% of the population, which represents approximately 183 million people. This population is at a higher risk of developing infectious diseases, as they have a greater likelihood of developing flu and being hospitalized. Thus, owing to these factors, the region is expected to witness significant growth opportunities during the forecast period.
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Target buyers of Europe 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 continent-level data and insights on the Europe microbiome sequencing services market , including forecasts for subscribers. This continent databook contains high-level insights into Europe microbiome sequencing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe microbiome sequencing services market size, by country, 2018-2030 (US$M)
Europe Microbiome Sequencing Services Market Outlook Share, 2023 & 2030 (US$M)
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