Global Short-read Sequencing Market Size & Outlook
Global short-read sequencing market, 2018-2030 (US$M)
Related Markets
Global short-read sequencing market highlights
- The global short-read sequencing market generated a revenue of USD 5,701.9 million in 2023 and is expected to reach USD 18,665.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 18.5% by 2030.
- In terms of segment, consumables accounted for a revenue of USD 3,567.7 million in 2023.
- Services 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, Kuwait is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 5,701.9 million |
| Market revenue in 2030 | USD 18,665.1 million |
| Growth rate | 18.5% (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 | Instruments, Consumables, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 50.2% of the global short-read sequencing market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Kuwait is the fastest growing regional market and is projected to reach USD 28.3 million by 2030.
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Short-read Sequencing Market Scope
Short-read Sequencing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global short-read 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 short-read sequencing market will help companies and investors design strategic landscapes.
Consumables was the largest segment with a revenue share of 62.57% in 2023. Horizon Databook has segmented the Global short-read sequencing market based on instruments, consumables, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Short-read Sequencing Product Outlook (Revenue, USD Million, 2018-2030)
- Instruments
- Consumables
- Services
- Global Short-read Sequencing Workflow Outlook (Revenue, USD Million, 2018-2030)
- Pre-Sequencing
- Sequencing
- Data Analysis
- Global Short-read Sequencing Application Outlook (Revenue, USD Million, 2018-2030)
- Whole Genome Sequencing
- Whole Exome Sequencing
- Targeted Sequencing & Resequencing
- Others
- Global Short-read Sequencing Targeted Sequencing & Resequencing Outlook (Revenue, USD Million, 2018-2030)
- DNA-based
- RNA-based
- Global Short-read Sequencing End Use Outlook (Revenue, USD Million, 2018-2030)
- Academic & Research Institutes
- Hospitals & Clinics
- Pharmaceutical & Biotechnology Companies
- Others
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Target buyers of Global short-read sequencing market databook
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Our clientele includes a mix of short-read 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 short-read sequencing market , including forecasts for subscribers. This global databook contains high-level insights into Global short-read sequencing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global short-read sequencing market size, by regions, 2018-2030 (US$M)
Top 10 countries: Short-read sequencing market size, 2023 (US$M)
Global short-read sequencing market share, by product, 2023 & 2030 (%, US$M)
Short-read sequencing market: Opportunity assessment by country
Global short-read sequencing market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,546.0 | 1,735.6 | 1,769.8 | 2,586.1 | 2,658.5 | 2,863.0 | 3,201.5 | 3,683.0 | 4,327.4 | 5,166.2 | 6,252.3 | 7,650.7 | 9,451.1 | 18.6% |
| Europe | 794.3 | 876.8 | 879.9 | 1,266.6 | 1,283.8 | 1,364.4 | 1,507.1 | 1,714.2 | 1,993.3 | 2,357.3 | 2,829.0 | 3,435.9 | 4,217.0 | 17.5% |
| Asia Pacific | 608.4 | 655.9 | 647.2 | 922.1 | 931.4 | 993.1 | 1,108.1 | 1,281.7 | 1,526.0 | 1,860.3 | 2,317.0 | 2,940.5 | 3,797.0 | 21.1% |
| Latin America | 215.7 | 230.9 | 224.8 | 314.3 | 309.6 | 320.1 | 344.2 | 381.5 | 432.5 | 499.2 | 585.2 | 694.7 | 834.3 | 14.7% |
| MEA | 113.7 | 121.1 | 117.1 | 162.2 | 158.0 | 161.3 | 171.0 | 186.5 | 207.6 | 235.0 | 269.5 | 312.5 | 365.8 | 12.4% |
| Overall | 3,278.1 | 3,620.2 | 3,638.7 | 5,251.3 | 5,341.3 | 5,701.9 | 6,331.9 | 7,246.9 | 8,486.8 | 10,118.0 | 12,252.9 | 15,034.3 | 18,665.1 | 18.5% |
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