Italy Microbiome Sequencing Services Market Size & Outlook
Italy microbiome sequencing services market, 2018-2030 (US$M)
Related Markets
Italy microbiome sequencing services market highlights
- The Italy microbiome sequencing services market generated a revenue of USD 81.1 million in 2023 and is expected to reach USD 203.4 million by 2030.
- The Italy market is expected to grow at a CAGR of 14% 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 81.1 million |
| Market revenue in 2030 | USD 203.4 million |
| Growth rate | 14% (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, Italy accounted for 5.4% 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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Italy 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 59.06% in 2023. Horizon Databook has segmented the Italy 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.
Increasing R&D investments and continuous research by scientists have boosted the demand for innovative NGS solutions in Italy. In the recent past, the Italian biotechnology industry has shown notable growth due to major academic and industrial research.
According to data published by the International Trade Administration (ITA), in August 2019, the biotechnology sector is one of the rapidly growing sectors in Italy. The same source stated that R&D investments in biotechnology sector amounted to around USD 2.0 billion with about 4,317 employees in biotech research.
Thus, increasing research investments and initiatives in the country are anticipated to boost demand for advanced NGS solutions for research applications. Moreover, increasing prevalence of cancer in the country and continuous strategic initiatives being implemented by regional players to provide innovative solutions are expected to create a lucrative environment for market growth.
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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 Italy microbiome sequencing services market , including forecasts for subscribers. This country databook contains high-level insights into Italy microbiome sequencing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy microbiome sequencing services market size, by technology, 2018-2030 (US$M)
Italy Microbiome Sequencing Services Market Outlook Share, 2023 & 2030 (US$M)
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