Thailand Microbiome Sequencing Services Market Size & Outlook
Thailand microbiome sequencing services market, 2018-2030 (US$M)
Related Markets
Thailand microbiome sequencing services market highlights
- The Thailand microbiome sequencing services market generated a revenue of USD 5.9 million in 2023 and is expected to reach USD 12.2 million by 2030.
- The Thailand market is expected to grow at a CAGR of 10.9% 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.
Microbiome sequencing services market data book summary
| Market revenue in 2023 | USD 5.9 million |
| Market revenue in 2030 | USD 12.2 million |
| Growth rate | 10.9% (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, Thailand accounted for 0.4% 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 Asia Pacific, China microbiome sequencing services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 75.0 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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Thailand 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 59.32% in 2023. Horizon Databook has segmented the Thailand 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.
Thailand has a rapidly aging population. As per the Economic Research Institute for ASEAN and East Asia (ERIA) in 2021, the country’s population is rapidly aging. According to the same report, Thailand has the world's third-fastest aging population.
As aging is a risk factor for cancer, cardiovascular diseases, diabetes, and others, it is significantly contributing to the country's disease burden. Moreover, the country’s market is significantly driven by rising investments by leading biopharmaceutical companies in the country, the growing biotechnology sector, and supportive government legislation.
In addition, rising awareness about precision medicine and gene therapeutics is fueling the country’s market growth. Recent product approvals of microbiome-based testing products are projected to support the country’s market growth.
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Target buyers of Thailand 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 Thailand microbiome sequencing services market , including forecasts for subscribers. This country databook contains high-level insights into Thailand microbiome sequencing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand microbiome sequencing services market size, by technology, 2018-2030 (US$M)
Thailand Microbiome Sequencing Services Market Outlook Share, 2023 & 2030 (US$M)
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