Mexico Microbiome Sequencing Services Market Size & Outlook
Mexico microbiome sequencing services market, 2018-2030 (US$M)
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Mexico microbiome sequencing services market highlights
- The Mexico microbiome sequencing services market generated a revenue of USD 22.1 million in 2023 and is expected to reach USD 39.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 8.7% 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 22.1 million |
| Market revenue in 2030 | USD 39.5 million |
| Growth rate | 8.7% (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, Mexico accounted for 1.5% 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 Latin America, Brazil microbiome sequencing services market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 82.8 million by 2030.
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Microbiome Sequencing Services Market Scope
Microbiome Sequencing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 59.28% in 2023. Horizon Databook has segmented the Mexico 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.
Mexico is one of the largest biotechnology markets in Latin America. The country has emerged as a potential hub for biopharmaceutical products owing to the presence of skilled scientists, low manufacturing costs, and an advanced legal framework.
Moreover, the high penetration of U.S. based biotechnology companies in Mexico has supported the country’s biotechnology and biomanufacturing sectors. In addition, the country’s government has prioritized growth and innovation in the biopharmaceutical space.
Thus, growing biopharmaceutical and biotechnology industries in the country are anticipated to create high demand for advanced sequencing-based services in the region and support market growth. However, limited R&D investments may hamper the market growth during the forecast period.
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Target buyers of Mexico 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 Mexico microbiome sequencing services market , including forecasts for subscribers. This country databook contains high-level insights into Mexico microbiome sequencing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico microbiome sequencing services market size, by technology, 2018-2030 (US$M)
Mexico Microbiome Sequencing Services Market Outlook Share, 2023 & 2030 (US$M)
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