Latin America Short-read Sequencing Market Size & Outlook
Latin America short-read sequencing market, 2018-2030 (US$M)
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Latin America short-read sequencing market highlights
- The Latin America short-read sequencing market generated a revenue of USD 320.1 million in 2023.
- The market is expected to grow at a CAGR of 14.7% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 320.1 million |
| Market revenue in 2030 | USD 834.3 million |
| Growth rate | 14.7% (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, Latin America region accounted for 5.6% 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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Latin America 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 62.39% in 2023. Horizon Databook has segmented the Latin America short-read sequencing market based on instruments, consumables, services covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America is expected to show relatively slow growth owing to heterogeneity in the economic progress of the countries in the region. Furthermore, biotechnology, healthcare, and other related life science sectors require a pool of skilled employees along with high investment in R&D.
Most of the sequencing activities in Latin America are considerably associated with R&D, academia and universities. The Human Genome & Stem Cell Research Center (HUG – CELL) is a notable body at the University of São Paulo which conducts research into human genome and sequence mapping of the indigenous populations and crops of Brazil.
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Target buyers of Latin America 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 Latin America short-read sequencing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America short-read sequencing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America short-read sequencing market size, by country, 2018-2030 (US$M)
Latin America Short-read Sequencing Market Outlook Share, 2023 & 2030 (US$M)
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