Latin America Microbiome Sequencing Services Market Size & Outlook
Latin America microbiome sequencing services market, 2018-2030 (US$M)
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Latin America microbiome sequencing services market highlights
- The Latin America microbiome sequencing services market generated a revenue of USD 92.1 million in 2023.
- The market is expected to grow at a CAGR of 8.9% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 92.1 million |
| Market revenue in 2030 | USD 167.7 million |
| Growth rate | 8.9% (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, Latin America region accounted for 6.1% 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 |
|---|
Latin America 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 59.39% in 2023. Horizon Databook has segmented the Latin America 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.
The incidence of cancer is growing in this region; however, cancer profiles differ from those in other Western nations. The growing prevalence of cancer is expected to positively influence the regional market over the forecast period.
Moreover, rising demand for personalized healthcare and growing efforts from manufacturers to boost precision medicine are fueling the regional market. Furthermore, several review articles have been published wherein scientists from Mexico, Uruguay, Brazil, Chile, and Argentina are sharing their views on microbiome sequencing in each of their countries.
Key initiatives adopted in these countries for the promotion of microbiome-based research are also illustrated in these articles. This, in turn, is expected to boost the adoption of microbiome sequencing services in the region.
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Target buyers of Latin America 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 Latin America microbiome sequencing services market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America microbiome sequencing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America microbiome sequencing services market size, by country, 2018-2030 (US$M)
Latin America Microbiome Sequencing Services Market Outlook Share, 2023 & 2030 (US$M)
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