Metagenomic Sequencing Market Projected To Reach USD 675.83 Million By 2026, Growing At A CAGR Of 6.05% : Top Keyplayer Include Illumina, Thermo Fisher Scientific, Pacific Biosciences Of California Qiagen, BGI, Perkinelmer And Oxford Nanopore Technologies

Global Metagenomic Sequencing Market Analysis

According to Verified Market Research, the Global Metagenomic Sequencing Market was valued at USD 421.49 Million in 2018 and is projected to reach USD 675.83 Million by 2026, growing at a CAGR of 6.05% from 2019 to 2026.

Metagenomics is referred to as both a research field as well as a research technique. The field of Metagenomics can be defined as the genomic analysis of microbial DNA from various environmental communities. Tools used in Metagenomics enables the population analysis of un-culturable or unknown microbes. This is an important application of Metagenomics as a very small percentage of bacteria can be cultured within the laboratory. The capacity to identify microbes without prior knowledge of what the sample contains is expanding the scope of various principles such as microbial ecology, virology, microbiology, environmental sciences, and biomedical research.

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Global Metagenomic Sequencing Market Overview

The development of Next Generation DNA Sequencing (NGS) technology has considerably shaped molecular biology research, which has led to several discoveries and new insights. Next-generation DNA sequencing technology goes beyond long-established DNA sequencing with its applications that reach across the principles of molecular biology. Thus, it can be stated that the rise in technological advancements regarding DNA sequencing will drive the market.

Moreover, the rapid development of next-generation sequencing technology has increased the amount of available microbial genomes significantly. As a result of this progression, there is a rising demand for the automated and quick approaches in analyzing these genomes in a way that allows for comparison among them. This factor will contribute in driving the market for metagenomics sequencing. However, the lack of the number of professionals that have knowledge regarding these technologies are low and therefore is hampering the potential for growth of the overall metagenomic sequencing market.

Global Metagenomic Sequencing Market: Segmentation

The Metagenomic Sequencing market is segmented on the basis of workflow, product & services, technology, application and geography. On the basis of technology, the market is bifurcated into Shotgun Metagenomic Sequencing ,16s Rrna Sequencing, Whole-Genome Sequencing and De Novo Assembly and Metatranscriptomics.

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Global Metagenomic Sequencing Market, By Technology

The market for shotgun metagenomic sequencing is expected to grow at a highest CAGR over the forecast period. Shotgun sequencing allows for the detection of low abundance members of microbial communities. In contrast to whole sequencing and targeting all genes from only one organism, shotgun metagenome sequencing is able to target all genes from ALL organisms found in an environmental sample. This is considered as the main feature of shotgun metagenomic sequencing.

Global Metagenomic Sequencing Market, By Geography

On the basis of regional analysis, the global Metagenomic Sequencing market is classified into North America, Europe, Asia Pacific and Rest of the world. North America dominated the market in the forecast period followed by Europe owing to rising concerns related to viral diseases.

The major players in the market are Illumina, Thermo Fisher Scientific, Pacific Biosciences of California Qiagen, BGI, Perkinelmer and Oxford Nanopore Technologies.

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