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Metagenomics Market - Increased Focus of Key Players on Investing In Untapped Economies Is Expected To Open Up New Avenues for the Expansion of the Market

02-25-2019 10:19 AM CET | Health & Medicine

Press release from: Allied Market Research

Metagenomics Market

Metagenomics Market

The Metagenomics Market is expected to reach $ 523 million by 2024, with an annual growth rate of 16.8% over the forecast period. Bioinformatics sector accounted for 1/5 of the total market share in 2017.

Metagenomics is a relatively new field of study of microbial interactions as well as mass genomic analysis of microbial population members. In addition, metagenomic technology enables the study of whole organisms without the need to cultivate microbial communities. Because nonc cultivability and genomic diversity are two major obstacles to the advancement of environmental and clinical microbiology, metagenic function has gained tremendous traction among medical professionals and researchers.

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Also, the technological advances in DNA sequencing are expected to increase the demand for metanomic research worldwide. The same development focuses on the development of a DNA sequencing platform. We have also significantly expanded our metadata applications over the years to complement market growth.

The Consumer segment generated the highest revenue in 2017 and is expected to maintain its dominance over the forecast period. This is due to the high adoption rate of consumables in pre-sequencing, which is one of the most important steps in the entire sequencing protocol. This step includes sample preparation, sample processing, and metagenomic sequencing.

The Asia Pacific region is expected to have the highest growth rates during the forecast period due to its high population base, rising disposable income, and increased awareness of new sequencing technologies. Potential cooperation between developed and developing countries in the field of microbial and metagenic genetics is also a major contributor to market growth in the region.

The major companies profiled in this report include
• Agilent Technologies Inc.
• Enterome SA
• F. Hoffmann-La Roche Ltd.
• Illumina Inc.
• Oxford Nanopore Technologies Ltd.
• Pacific Biosciences of California Inc.
• PerkinElmer Inc.
• Qiagen N.V.
• Swift Biosciences Inc.
• Thermo Fisher Scientific Inc.

The other players operating in the global metagenomics market include Siemens AG, ZS Genetics, Inc., Abbott Laboratories, Beckman Coulter, LI-COR, Genomatix GmbH, Beijing Genomics Institute, and Pieriandx.

Gauge & Software segments are expected to register the highest growth rate during the forecast period. A variety of tools and software are used throughout meta-analysis, sequencing, sequence binning, annotation, taxonomy classification, statistical analysis, data storage and sharing.

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Key Findings of the Metagenomics Market:
• The sequencing segment accounted for four-fifths of the total market share in 2017.
• The environmental remediation segment registered the second-highest growth rate among applications with a CAGR of 17.4% from 2018 to 2024.
• North America dominated the global metagenomics market, accounting for the maximum share in 2017, and is expected to retain the same trend during the forecast period.
• India has registered the highest growth rate in the Asia-Pacific metagenomics market with a CAGR of 19.7% during the forecast period.
• Germany accounted for two-sevenths of the total share in the European metagenomics market in 2017.

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

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