Brazil Short-read Sequencing Market Size & Outlook
Brazil short-read sequencing market, 2018-2030 (US$M)
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Brazil short-read sequencing market highlights
- The Brazil short-read sequencing market generated a revenue of USD 140.6 million in 2023 and is expected to reach USD 404.9 million by 2030.
- The Brazil market is expected to grow at a CAGR of 16.3% 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.
Short-read sequencing market data book summary
| Market revenue in 2023 | USD 140.6 million |
| Market revenue in 2030 | USD 404.9 million |
| Growth rate | 16.3% (CAGR from 2023 to 2030) |
| Largest segment | Consumables |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 2.5% of the global short-read sequencing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil short-read sequencing market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 404.9 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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Brazil 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 62.66% in 2023. Horizon Databook has segmented the Brazil short-read sequencing market based on instruments, consumables, services covering the revenue growth of each sub-segment from 2018 to 2030.
In 2018, the Brazilian president declared reduction of 44% in the federal science budget of the country. This reduced Brazil’s science funding budget to 2.8 billion BRL (898 million USD) from 7.9 billion BRL in 2013. Moreover, scientists and research institutions do not expect any help from state governments as many government agencies; such as Rio de Janiero’s funding agency; are going broke.
Additionally, the country’s stand-alone ministry of science is now merged with telecommunications to form a new Ministry of Science, Technology, Innovations, and Communications (MCTIC). Therefore, Brazil’s escalating fiscal deficits have resulted into reduction in funds for research thereby, restricting the industry’s growth.
However, the country has strategic collaboration with other nations with initiatives such as Canada-Brazil Joint Committee for Cooperation on Science, Technology, and Innovation along with being a member of BRICS. Under the joint committee for science, technology, and innovation.
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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 country-level data and insights on the Brazil short-read sequencing market , including forecasts for subscribers. This country databook contains high-level insights into Brazil short-read sequencing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil short-read sequencing market size, by product, 2018-2030 (US$M)
Brazil Short-read Sequencing Market Outlook Share, 2023 & 2030 (US$M)
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