Latin America Next Generation Sequencing Services Market Size & Outlook
Latin America next generation sequencing services market, 2018-2030 (US$M)
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Latin America next generation sequencing services market highlights
- The Latin America next generation sequencing services market generated a revenue of USD 261.6 million in 2023.
- The market is expected to grow at a CAGR of 14.6% from 2024 to 2030.
- In terms of segment, human genome sequencing services was the largest revenue generating services type in 2023.
- Human Genome Sequencing Services is the most lucrative services type 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 261.6 million |
| Market revenue in 2030 | USD 678.2 million |
| Growth rate | 14.6% (CAGR from 2023 to 2030) |
| Largest segment | Human genome sequencing services |
| Fastest growing segment | Human Genome Sequencing Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Human Genome Sequencing Services, Single Cell Sequencing Services, Microbial Genome-based Sequencing Services, Gene Regulation Services, Animal & Plant Sequencing Services, Other Sequencing Services |
| Key market players worldwide | Quest Diagnostics Inc, Azenta Inc, Illumina Inc, Pacific Biosciences of California Inc, The Carlyle Group Inc, Novogene |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.4% of the global next generation sequencing services market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 7,798.3 million by 2030.
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Next Generation Sequencing Services Market Scope
Next Generation Sequencing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America next generation 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 next generation sequencing services market will help companies and investors design strategic landscapes.
Human genome sequencing services was the largest segment with a revenue share of 29.85% in 2023. Horizon Databook has segmented the Latin America next generation sequencing services market based on human genome sequencing services, single cell sequencing services, microbial genome-based sequencing services, gene regulation services, animal & plant sequencing services, other sequencing services covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of next generation 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America next generation sequencing services market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America next generation sequencing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America Next Generation Sequencing Services Market Outlook Share, 2023 & 2030 (US$M)
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