Canada Short-read Sequencing Market Size & Outlook
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Canada short-read sequencing market highlights
- The Canada short-read sequencing market generated a revenue of USD 248.1 million in 2023 and is expected to reach USD 914.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 20.5% 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 248.1 million |
| Market revenue in 2030 | USD 914.9 million |
| Growth rate | 20.5% (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, Canada accounted for 4.4% 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 North America, U.S. short-read sequencing market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 914.9 million by 2030.
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Short-read Sequencing Market Scope
Short-read Sequencing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ProPhase Labs Inc | View profile | 113 | 711 Stewart Avenue, Suite 200, Garden City, NY, United States, 11530 | https://www.prophaselabs.com |
| Birks Group Inc Class A | View profile | 313 | 2020 Robert-Bourassa Boulevard, Suite 200, Montreal, QC, Canada, H3A 2A5 | https://www.birks.com |
| Pacific Biosciences of California Inc | View profile | 796 | 1305 O’Brien Drive, Menlo Park, CA, United States, 94025 | https://www.pacb.com |
| Macrogenics Inc | View profile | 339 | 9704 Medical Center Drive, Rockville, MD, United States, 20850 | https://www.macrogenics.com |
| PerkinElmer | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.perkinelmer.com |
| Azenta Inc | View profile | 3400 | 200 Summit Drive, 6th Floor, Burlington, MA, United States, 01803 | https://www.azenta.com |
| Qiagen NV | View profile | 5900 | Hulsterweg 82, Venlo, LI, Netherlands, 5912 PL | https://www.qiagen.com |
| Agilent Technologies Inc | View profile | 17700 | 5301 Stevens Creek Boulevard, Santa Clara, CA, United States, 95051 | https://www.agilent.com |
| Illumina Inc | View profile | 9300 | 5200 Illumina Way, San Diego, CA, United States, 92122 | https://www.illumina.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
Canada 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 62.52% in 2023. Horizon Databook has segmented the Canada short-read sequencing market based on instruments, consumables, services covering the revenue growth of each sub-segment from 2018 to 2030.
Canada short read sequencing market is expected to register significant growth throughout he forecast period owing to the ongoing development and advancement initiatives taken by institutions such as Ontario University for development of molecular and companion diagnostics using applications of next generation sequencing.
Furthermore, growing technological advancement of applications such as noninvasive prenatal testing and large scale population sequencing projects are also expected to drive demand for this segment of the market through to 2025.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada short-read sequencing market , including forecasts for subscribers. This country databook contains high-level insights into Canada short-read sequencing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada short-read sequencing market size, by product, 2018-2030 (US$M)
Canada Short-read Sequencing Market Outlook Share, 2023 & 2030 (US$M)
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