Microbiome Sequencing Services Market Demand and Growth Analysis with Forecast up to 2022

The global microbiome sequencing services market has a highly fragmented vendor landscape, says Transparency Market Research, in a recently published report. The market is categorized by the presence of several large and small players operating in it.

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A key strategy deployed by players in the global microbiome sequencing services market to outshine their rivals involves focusing on human microbiome studies. The global microbiome sequencing services market is expected to grow steadily due to the existence of large players who are investing more in research and development. Some of the leading players in the global microbiome sequencing services market are Zymo Research, Microbiome Insights, Merieux Nutrisciences Corporation, Rancho Biosciences, and Ubiome.

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According to experts from Transparency Market Research, the global microbiome sequencing services market is expected to gain revenue worth US$684.1 mn by the end of 2022. Experts projects this growth to occur at a fantastic CAGR of 18.1% during the forecast period from 2017 to 2022.

Among the various end users in the market, rising pharmaceutical industry is expected to boost the global microbiome sequencing services market. This is because of their constant approaches on human microbiome studies in order to understand the role of microbes in health and diseases. Region wise, North America is expected to lead the market due to the growing demand in technological advancement in next-generation sequencing projects.

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Huge Investment in Microbiome Research to Boost Global Microbiome Sequencing Services Market

A microbiome is the novel collection of trillions of microorganisms in an individual's body. Human microbiome analysis is the study of microbial colonies found in human body. Sequencing of microbiome helps in diagnosing and treating several diseases such as cancer. Human metagenome differs from person to person, thus increases the potentiality of various diagnostic procedures. So, the government is investing a large amount of funds in microbiome sequencing projects in order to invent some unique treatment or diagnostic procedure. Human microbiome projects help in examining all the microorganisms present in the human body.

Growing demand for social insurance services, rising interest in genomic research, and increasing life-science sectors are factors driving the global microbiome sequencing services market. Many government healthcare agencies contribute in the life-science research. Increasing awareness about understanding various microbial affects, rising microbiome sequencing in understanding human health, and growing cases of cancer are fueling the global microbiome sequencing services market.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

This release was published on openPR.