Global Sequencing Market Size & Outlook
The sequencing industry worldwide is expected to reach a projected revenue of US$ 62,478.8 million by 2030. A compound annual growth rate of 22% is expected of the worldwide sequencing industry from 2024 to 2030.
Revenue, 2023 (US$M)
$15,540.0
Forecast, 2030 (US$M)
$62,478.8
CAGR, 2024 - 2030
22%
Report Coverage
Worldwide
Global sequencing market, 2018-2030 (US$M)
Related Markets
Global sequencing market highlights
- The global sequencing market generated a revenue of USD 15,540.0 million in 2023 and is expected to reach USD 62,478.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 22% by 2030.
- In terms of segment, consumables accounted for a revenue of USD 6,913.2 million in 2023.
- Services is the most lucrative product & services 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 15,540.0 million |
| Market revenue in 2030 | USD 62,478.8 million |
| Growth rate | 22% (CAGR from 2023 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Platform, Consumables, Services, Software |
Other key industry trends
- In terms of revenue, the North America accounted for 49.4% of the global sequencing market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 648.3 million by 2030.
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Sequencing Market Scope
Sequencing market segmentation & scope
Sequencing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global sequencing 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 market will help companies and investors design strategic landscapes.
consumables was the largest segment with a revenue share of 44.49% in 2023. Horizon Databook has segmented the Global sequencing market based on platform, consumables, services, software covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Sequencing Product & Services Outlook (Revenue, USD Million, 2018-2030)
- Platform
- 1st Generation of Sequencing Device
- 2nd Generation of Sequencing Device
- 3rd Generation of Sequencing Device
- Consumables
- Kits
- DNA Library Preparation
- RNA Library Preparation
- Target Enrichment
- Library Quantification
- Purification & Quality Control
- Other Kits
- Reagents
- Sample Preparation
- Library Preparation and Amplification
- Sequencing
- Accessories
- Collection Tubes
- Plates
- Other Accessories
- Kits
- Services
- Software
- Platform
- Global Sequencing Application Outlook (Revenue, USD Million, 2018-2030)
- Oncology
- Diagnostics & Screening
- Screening
- Sporadic Cancer
- Inherited Cancer
- Companion Diagnostics
- Other Diagnostics
- Screening
- Research Studies
- Diagnostics & Screening
- Clinical Investigation
- Infectious Diseases
- Idiopathic Diseases
- Inherited Diseases
- Other Diseases
- Reproductive Health
- NIPT
- Aneuploidy
- Microdeletions
- PGT
- Newborn Genetic Screening
- Single Gene Analysis
- NIPT
- HLA Typing/Immune System Monitoring
- Metagenomics, Epidemiology & Drug Development
- Agrigenomics & Forensics
- Consumer Genomics
- Oncology
- Global Sequencing Workflow Outlook (Revenue, USD Million, 2018-2030)
- Pre-Sequencing
- Sequencing
- Data Analysis
- Global Sequencing End Use Outlook (Revenue, USD Million, 2018-2030)
- Academic Research
- Clinical Research
- Hospitals & Clinics
- Pharma & Biotech Entities
- Other Users
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Target buyers of Global sequencing market databook
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Our clientele includes a mix of sequencing 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 market , including forecasts for subscribers. This global databook contains high-level insights into Global sequencing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global sequencing market statistics, by regions, 2018-2030 (US$M)
Top 10 countries: Sequencing market size, 2023 (USD Million)
Top 10 countries: Sequencing market size, 2023 (USD Million)
Global sequencing market, by region, 2023 (US$M)
Related regional statistics
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