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Metagenomics Market Size, Share, Growth and Forecast 2024

06-10-2020 02:14 PM CET | Health & Medicine

Press release from: Valuates Reports

Metagenomics Market Size, Share, Growth and Forecast 2024

The global metagenomics market size was valued at USD 176 million in 2017 and is expected to reach USD 523 million by 2024 at a CAGR of 16.8% during the forecast period. Metagenomics is the study of genomes collectively in a microbial community. This process involves cloning and analyzing the genomes without culturing the organisms in the community.

Increase in advancements regarding DNA sequencing and rise in expansion of metagenomics applications drive the growth of the global metagenomics market. However, dearth of skilled professionals coupled with the rise in concerns regarding standardization and accuracy of sequencing based diagnostic testing hampers the market growth. Moreover, developing nations offer profitable opportunities for metagenomic sequencing product manufacturers.

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The global metagenomics market is segmented based on technology, product, application, and region. Based on technology, the market is bifurcated into sequencing and bioinformatics. By product, the market is divided into instrument & software and consumable. On the basis of application, the market is classified into infectious disease diagnosis, environmental remediation, gut microbe characterization, biotechnology, biofuel, and agriculture. As per region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

View Full Report: https://reports.valuates.com/market-reports/ALLI-Auto-0V276/metagenomics

Product Segment Review

Based on product, the global metagenomics market is categorized into instrument & software and consumable. The consumable segment accounted for a major share in the global market in 2017 and is expected to maintain this dominance throughout the forecast period. High adoption of consumables in the pre-sequencing, which is one of the most important steps in the overall metagenomic sequencing protocol, has contributed to the dominant position of this segment in the market. In addition, maximum utilization of consumables ensures that the DNA involved in the metagenomic analysis would be a representative of all cells in the sample and ideal for generation of genomic libraries. Whereas, the instrument & software segment is expected to register the highest growth rate during 2018-2024, owing to the continuous evolution in the development of software packages and instruments utilized in the metagenomic studies.



Application Segment Review

Based on application, the global metagenomics market is segmented into infectious disease diagnosis, environmental remediation, gut microbe characterization, biotechnology, biofuel, and agriculture. The gut microbe characterization segment dominated the global market in 2017 and is expected to maintain this dominance throughout the forecast period. The human intestinal microbiota is a homeostatic ecosystem, which has a significant impact on human health, and the disruption of this equilibrium leads to increased susceptibility to infections by various pathogens. In addition, the application of metagenomics has aided in identifying bacterial pathogens such as Shiga Toxin-producing E. coli (STEC) infection, which is associated with foodborne disease outbreaks. Whereas, the infectious disease diagnosis segment is expected to grow at the fastest pace during the forecast period. This is attributed to the increasing popularity of metagenomic technologies among clinical researchers, which aids in identification of responsible bacterial pathogens in several infectious diseases.



Geography Segment Review

Region-wise, the global metagenomics market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America was the major contributor in terms of revenue in 2017 and is anticipated to maintain this dominance throughout the forecast period. This is attributed to the increasing implementation of DNA sequencing across metagenomic applications in this region. In addition, rapid adoption of novel sequencing technologies in this region has contributed to its dominance. Whereas, the Asia-Pacific region is estimated to register the highest CAGR during the forecast period, owing to the considerable patient population base along with the continuously evolving healthcare infrastructure across countries in this region.

The report provides a comprehensive analysis of the key players operating in the global metagenomics market, such as 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., and 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.



KEY BENEFITS FOR STAKEHOLDERS

o The study provides an in-depth analysis of the global metagenomics market along with the current trends and future estimations to elucidate the imminent investment pockets.
o A comprehensive analysis of the factors that drive and restrict the market growth is provided.
o A comprehensive quantitative analysis of the industry from 2017 to 2024 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
o An extensive analysis of the key segments of the industry helps to understand the applications and technologies used globally.
o The key market players and their strategies are provided to understand the competitive outlook of the market.

KEY MARKET SEGMENTS

By Product

o Instrument & software
o Consumable

By Technology

o Sequencing
o Bioinformatics

By Application

o Infectious disease diagnosis
o Environmental remediation
o Gut microbe characterization
o Biotechnology
o Biofuel
o Agriculture

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To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources

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