Global Sequencing Consumables Market Size & Outlook
Global sequencing consumables market, 2018-2030 (US$M)
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Global sequencing consumables market highlights
- The global sequencing consumables market generated a revenue of USD 6,913.2 million in 2023 and is expected to reach USD 28,820.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 22.6% by 2030.
- In terms of segment, kits accounted for a revenue of USD 5,577.9 million in 2023.
- Kits is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 6,913.2 million |
| Market revenue in 2030 | USD 28,820.7 million |
| Growth rate | 22.6% (CAGR from 2024 to 2030) |
| Largest segment | Kits |
| Fastest growing segment | Kits |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kits, Reagents, Accessories |
Other key industry trends
- In terms of revenue, the North America accounted for 51.3% of the global sequencing consumables market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 1,942.5 million by 2030.
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Sequencing Consumables Market Scope
Sequencing Consumables Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global sequencing consumables 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 sequencing consumables market will help companies and investors design strategic landscapes.
Kits was the largest segment with a revenue share of 80.68% in 2023. Horizon Databook has segmented the Global sequencing consumables market based on kits, reagents, accessories covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Sequencing Consumables Product Outlook (Revenue, USD Million, 2018-2030)
- Kits
- DNA Library Preparation
- RNA Library Preparation
- Target enrichment
- Library quantification
- Purification & quality control
- Others
- Reagents
- Sample Prep
- Library preparation and amplification
- Sequencing
- Accessories
- Collection tubes
- Plates
- Others
- Kits
- Global Sequencing Consumables Platform Outlook (Revenue, USD Million, 2018-2030)
- 1st Generation sequencing Consumables
- 2nd Generation sequencing Consumables
- 3rd Generation sequencing Consumables
- Global Sequencing Consumables Application Outlook (Revenue, USD Million, 2018-2030)
- Cancer Diagnostics
- Infectious Disease Diagnostics
- Reproductive Health Diagnostics
- Pharmacogenomics
- Agrigenomics
- Others
- Global Sequencing Consumables End Use Outlook (Revenue, USD Million, 2018-2030)
- Pharmaceutical and biotechnology companies
- Hospitals and laboratories
- Academic research institutes
- Others
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Target buyers of Global sequencing consumables market databook
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Our clientele includes a mix of sequencing consumables 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 global-level data and insights on the Global sequencing consumables market , including forecasts for subscribers. This global databook contains high-level insights into Global sequencing consumables market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global sequencing consumables market size, by regions, 2018-2030 (US$M)
Top 10 countries: Sequencing consumables market size, 2023 (US$M)
Global sequencing consumables market share, by product, 2023 & 2030 (%, US$M)
Sequencing consumables market: Opportunity assessment by country
Global sequencing consumables market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,377.0 | 1,576.9 | 1,973.2 | 2,419.7 | 2,911.5 | 3,543.1 | 4,322.1 | 5,287.3 | 6,484.2 | 7,965.2 | 9,804.1 | 12,080.6 | 14,950.2 | 22.8% |
| Europe | 663.7 | 754.3 | 936.5 | 1,139.1 | 1,359.4 | 1,640.4 | 1,983.7 | 2,405.3 | 2,923.1 | 3,557.6 | 4,337.8 | 5,293.7 | 6,487.0 | 21.7% |
| Asia Pacific | 458.3 | 530.6 | 671.3 | 832.0 | 1,012.0 | 1,244.7 | 1,534.6 | 1,897.2 | 2,351.1 | 2,918.5 | 3,629.9 | 4,519.5 | 5,651.5 | 24.1% |
| Latin America | 144.5 | 161.7 | 197.6 | 236.6 | 277.8 | 329.8 | 392.3 | 467.8 | 559.0 | 668.9 | 801.7 | 961.5 | 1,157.8 | 19.7% |
| MEA | 65.7 | 74.0 | 91.1 | 109.8 | 129.9 | 155.3 | 186.0 | 223.4 | 269.0 | 324.2 | 391.5 | 473.1 | 574.2 | 20.5% |
| Overall | 2,709.2 | 3,097.5 | 3,869.7 | 4,737.2 | 5,690.6 | 6,913.2 | 8,418.6 | 10,280.9 | 12,586.3 | 15,434.4 | 18,964.9 | 23,328.5 | 28,820.7 | 22.6% |
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