Asia Pacific Short-read Sequencing Market Size & Outlook
Asia Pacific short-read sequencing market, 2018-2030 (US$M)
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Asia Pacific short-read sequencing market highlights
- The Asia Pacific short-read sequencing market generated a revenue of USD 993.1 million in 2023.
- The market is expected to grow at a CAGR of 21.1% from 2024 to 2030.
- In terms of segment, consumables was the largest revenue generating product in 2023.
- Services is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 993.1 million |
| Market revenue in 2030 | USD 3,797.0 million |
| Growth rate | 21.1% (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 |
| Key market players worldwide | Illumina Inc, Thermo Fisher Scientific Inc, Pacific Biosciences of California Inc, Birks Group Inc Class A, Qiagen NV, Agilent Technologies Inc, Macrogenics Inc, Azenta Inc, PerkinElmer, ProPhase Labs Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 17.4% of the global short-read sequencing market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,797.0 million by 2030.
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Short-read Sequencing Market Scope
Short-read Sequencing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 62.41% in 2023. Horizon Databook has segmented the Asia Pacific short-read sequencing market based on instruments, consumables, services covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific represents the fastest growing region in the global short read sequencing market. Japan and China are the most attractive markets in the region with high investments in precision medicine and omics technologies for the technological integration of sequencing methodologies in clinical practice.
Key players in Singapore are taking efforts to make the country a hub for healthcare innovation in Asia with significant interest in biotechnology. Additionally, continuous reforms in the healthcare and biotechnology industries in the region would further propel market growth.
In addition, large regional population and untapped potential present in the region have resulted into business shift of global firms in this region. Moreover, this region offers relatively inexpensive manufacturing & operating unit for conducting research.
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Target buyers of Asia Pacific 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 continent-level data and insights on the Asia Pacific short-read sequencing market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific short-read sequencing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific short-read sequencing market size, by country, 2018-2030 (US$M)
Asia Pacific Short-read Sequencing Market Outlook Share, 2023 & 2030 (US$M)
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