Press release
Microbiome Sequencing Overview and Industry Trends By BGI; BioMathematica; Charles River; CoreBiome, Inc.; Clinical-Microbiomics A/S; Diversigen; Eurofins Scientific; LABCYTE INC.
Global microbiome sequencing market is expected to rise to an estimated value of USD 3455.33 million by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the focus of various researchers on utilization of this technology in the development of personalized medicine and dietary applications.The microbiome sequencing market research report essentially includes summary of the key players of microbiome sequencing market. The report evaluates the item value, particular, budgetary and specialized subtleties, and research techniques to enable organizations to extend their market tasks. In addition, this report characterizes sections and looks at the sub-parts of the worldwide markets by brands, type, application, and driving producers in highest districts utilizing top-down and base up methodologies. It has employed reliable methods and tools to assess the elements of the general market. The report distinguishes the key patterns related with the various parts of the microbiome sequencing market.
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Few of the major competitors currently working in the global microbiome sequencing market are BIOLOG; Cosmosid Inc; Illumina, Inc.; Metabiomics Corp.; Oxford Nanopore Technologies; BaseClear B.V.; BGI; BioMathematica; Charles River; CoreBiome, Inc.; Clinical-Microbiomics A/S; Diversigen; Eurofins Scientific; LABCYTE INC.; Leucine Rich Bio Pvt Ltd.; Microbiome Insights; MICROBIOME THERAPEUTICS, LLC; Thermo Fisher Scientific Inc.; Molzym GmbH & Co. KG; Norgen Biotek Corp.; Phase Genomics Inc.; QIAGEN; Resphera Biosciences, LLC; Shoreline Biome; StarSEQ GmbH; Viome, Inc.; Zymo Research among others.
Key Developments in the Market:
In June 2019, LOOP GENOMICS announced the launch of new kits aimed at enhancing the ultra-high resolution microbiome sequencing solutions for researchers. The kits are provided in combination with Illumina’s instruments which can reduce the overall costs of researches and provide valuable insights with high accuracy
In January 2019, OraSure Technologies announced that they had agreed to acquire two separate organizations to enhance their growth strategies and align their business strategies to meet the growing consumer demands for microbiome services, as well as enhancing the expertise of non-invasive sampling collection
Competitive Analysis:
Global microbiome sequencing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of microbiome sequencing market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers
Increasing adoption of genomic research methods along with widening areas of application for microbiome sequencing technology is expected to drive the growth of the market
Increasing demands for next-generation sequencing services will also propel the growth of the market
Decreasing costs associated with NGS technology giving rise to a greater adoption rate also acts as a market driver
Increasing investment expenditure being incurred on advancing and utilization of microbiome research will boost this market growth
Market Restraints
Lack of technically proficient individuals is expected to hinder the growth of the market
Concerns regarding the legal and ethical issues in concerns to genome sequencing methods; this factor is expected to restrict the growth of the market
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Segmentation: Global Microbiome Sequencing Market
By Sequencing Technology
Sanger Sequencing
High-Throughput Sequencing
Third-Generation Sequencing
Sequencing By Ligation (SBL)
Sequencing By Synthesis (SBS)
Shotgun Sequencing
Whole Genome Sequencing
Targeted Gene Sequencing
RNA Sequencing
Others
By Component
Reagents & Kits
Instruments
By Targeted Disease
Gastrointestinal Diseases
Infectious Diseases
CNS Diseases
Oncology
Others
By Application
Drug & Biomarker Discovery
Genetic Screening
Disease Diagnosis Research
Therapeutic
Personalized Medicine
Others
By Research Type
Outsourced
In-House
By End-User
Pharmaceutical & Biotechnology
Academic Centers & Research Institutes
Contract Research Organizations (CROs)
Others
Nutritional
By Laboratory Type
Dry Lab
Wet Lab
By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
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