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The availability of cloud computing for data management is another factor providing market players with growth opportunities.Metagenomic Sequencing Market by Workflow (Sample Preparation, Data Analysis), Product & Services (Reagents, Consumables, Instruments), Technology (Shotgun, 16s Rrna, Whole-Genome), Application (Diagnostic, Soil Microbiome).
The metagenomic sequencing market is estimated to grow at a CAGR of 17.0% to reach USD 2.3 billion by 2024 from USD 1.0 billion in 2019.
The metagenomic sequencing market is segmented into reagents & consumables, instruments, services, and analysis & data interpretation solutions.
Of all these segments, reagents & consumables accounted for the largest share of the market in 2018.
Factors such as the development and commercialization of high-quality reagents and kits and the continuous requirement of sequencing reagents by end users are expected to drive the growth of the reagents & consumables market in the coming years.Market has been segmented into sample processing & library preparation, sequencing, and data processing & analysis.
The large share of this segment can be attributed to the growing number of metagenome sequencing research projects being conducted, the availability of technically advanced and robust sample processing and library preparation assay kits, and the demand for efficient library preparation products.Download PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=60408643Metagenomic sequencing market is segmented into shotgun metagenomic sequencing, 16S rRNA sequencing, metatranscriptomics, and whole-genome sequencing & de-novo assembly.
This was introduced in the year 2005 for commercial use.
Previously, this particular method was known as the massively-parallel sequencing.
The NGS sequencing services known so because it contributes to enabling the sequencing of several DNA strands all at the same time.
Nowadays, these technologies are mostly used in the genetic analysis environment.
In this aspect, Sanger sequencing is best for analyzing the small number of samples and gene targets.