The Metagenomics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Metagenomics Global Market Report 2024, The metagenomics market size has grown rapidly in recent years. It will grow from $1.72 billion in 2023 to $2 billion in 2024 at a compound annual growth rate (CAGR) of 16.0%. The growth in the historic period can be attributed to microbiome research advancements, disease association studies, environmental monitoring needs, agricultural and food applications, biotechnology and industrial processes..
The metagenomics market size is expected to see rapid growth in the next few years. It will grow to $3.43 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%. The growth in the forecast period can be attributed to precision medicine integration, microbial ecology understanding, one health initiatives, bioprospecting and drug discovery, diagnostic and therapeutic innovations.. Major trends in the forecast period include technological advancements in sequencing, integration of ai and machine learning, single-cell metagenomics, metagenomic data standardization, consumer wellness and personalized nutrition..
The rise in the incidence of infectious diseases is significantly contributing to the growth of the metagenomics market. Infectious diseases, also known as transmissible diseases, refer to illnesses caused by pathogenic microorganisms, including bacteria, viruses, fungi, and parasites, and can be transmitted from person to person or through other modes of transmission. Metagenomics is used to study infectious diseases by analyzing the genetic material of microbial communities. It allows for the comprehensive analysis of microbial communities associated with infectious agents, providing insights into their composition, genetic diversity, and potential interactions. For instance, in October 2022, according to an article published by the Pan American Health Organization, a US-based specialized agency of the United Nations, approximately 10.6 million people fell ill with tuberculosis (TB) in 2021. Therefore, the increasing prevalence of infectious diseases is driving the growth of the metagenomics market.
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The metagenomics market covered in this report is segmented –
1) By Product: Instruments, Kits And Reagents, Software And Services
2) By Workflow: Sequencing, Pre-Sequencing, Data Analysis
3) By Application: Environmental, Clinical Diagnostics, Drug Discovery, Biotechnology, Food And Nutrition, Other Applications
4) By End User: Pharmaceutical Industries, Research Laboratories, Biotechnology Companies, Pathology Laboratories, Academic And Research Institutes
Technological advancements are the key trend gaining popularity in the metagenomics market. Major companies operating in the metagenomics market are focused on adopting new genomics technologies to improve their observation power and sustain their position in the market. For instance, in May 2023, CD Genomics, a US-based genomics services company, launched the Long-Read Metagenomic Sequencing service. With its state-of-the-art technology, researchers and scientists are better equipped to understand the complexity of microbial communities with unmatched accuracy and depth. Clients can enter a new era of metagenomics research by utilizing CD Genomics' cutting-edge technology and genomic knowledge. Its key features include enhanced resolution, species identification, functional annotation, and comparative analysis. This advanced method is expected to transform metagenomics research by offering previously unattainable insights into microbial communities.
The metagenomics market report table of contents includes:
1. Executive Summary
2. Metagenomics Market Characteristics
3. Metagenomics Market Trends And Strategies
4.Metagenomics Market analysis
5. Metagenomics Market Size And Growth
6.Metagenomics Segmentation
7. Metagenomics Regional And Country Analysis
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27. Metagenomics Competitive Landscape And Company Profiles
28.Metagenomics Key Mergers And Acquisitions
29. Metagenomics Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Illumina Inc.
- Promega Corporation
- Qiagen N.V.
- Thermo Fisher Scientific Inc.
- Perkin Elmer Inc.
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The global Metagenomics Sequencing Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Metagenomics Sequencing Market include Eurofins Genomics, Oxford Nanopore Technologies Ltd, Thermo Fisher Scientific Inc., PerkinElmer Inc., Macrogen Inc., Illumina, Inc., Pacific Biosciences of California, Inc., BGI Genomics Co., Ltd., Swift Biosciences Inc., and QIAGEN N.V..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Metagenomics Sequencing Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/metagenomics-sequencing-market/download-sampleMarket SegmentationThe broad Metagenomics Sequencing Market has been sub-grouped into the Product & Service, Workflow, Technology, Application and Region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
Metagenomics Market was valued US$ 178 Mn in 2017 and is expected to reach US$ 568 Mn by 2026, at a CAGR of 15.61% during a forecast period.The metagenomics market is segmented into the technology, product, application, and region.In terms of technology, the global metagenomics market is classified into sequencing and bioinformatics.
Based on the product, the global metagenomics market is divided into instruments, software, and consumables.
A further application, global medical gas, and equipment market are split environmental, human health, and others.Based on regions, the global metagenomics market is divided into five main regions are America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.Global Metagenomics MarketIn terms of technology, the sequencing-driven segment accounted for the largest revenue share in the metagenomics market owing to the higher implementation of this technology.
High adoption of this technology can be attributed to the advent of novel bioinformatics-related solutions, which simplifies workflows and provides rapid results.Based on application, environmental applications segment is anticipated to grow at a faster CAGR during the forecast period.
Environmental applications include use in the agriculture sector to support crop growth, bioremediation through wastewater treatment, clean-up of oil spills and gasoline leaks, and biofuel production by harnessing microbial power.The major driving factor of the global metagenomics market is the surge in the metagenomics experiments collaboration and adoption of metagenomics applications.
Additionally, growing advanced sequencing platforms is also boosting the market growth.Lack of skilled professionals and stringent regulation are hampering the growth of the global metagenomics market.
