Metagenomics Market Global Competitive Research and Insights 2021-2025
The Metagenomics Market is expected to register a CAGR of 6.5% during the forecast period.
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Market Overview: -
Some of the advantages are accuracy, reducing the number of presequencing, and attaining authenticity of the sequencing. These advancements in DNA sequencing will create a lucrative opportunity for the metagenomics market. Furthermore, rising concerns related to viral diseases such as virus-induced diarrhea, influenza, hepatitis B, HIV/AIDS, and a growing number of genes identified leading to promote the development of novel metagenome study products and drive the market. However, the high cost of overall metagenomics may hamper the market to a certain extent.
Competitive Landscape: -
The Metagenomics Market is moderately competitive and consists of several major players. Some of the companies which are currently dominating the market are Illumina, Inc., QIAGEN, Novogene Co., Ltd., PerkinElmer Inc., F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific, Promega Connections, Bio-Rad Laboratories, Inc., and Merck KGaA.
Key Market Trends: -
Metagenomics in the Environmental is Estimated to Witness a Healthy Growth in Future.
Metagenomics in the environment is estimated to witness healthy growth in the future attributed to advancement in the field of genetic study, high demand among researchers to study microbial ecology, and high adoption in several environmental applications such as crop growth, biofuel production, bioremediation through wastewater treatment and gasoline leaks. Moreover, the growing interest of microbiologists in microbes and the ability of Metagenomics to screen uncultured microbes also promoting the segment growth.
In addition, Metagenomics in human health is also anticipated to show significant growth in the forecasted period due to growing demand among researchers to study the relation between microbes and human diseases. The European Project MetaHIT (metagenomics of human intestinal tract) and the American Human Microbiome Project are some of the research programs working in the field of metagenomics. Moreover, rising investment in the human microbiome and introduction of advanced sequencing technologies leading to drive the metagenomics market.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to hold a significant market share in the global Metagenomics Market due to presence of a large number of pharmaceutical companies focusing on the development of metagenomic workflows, growing research and development expenditure, wide adoption of metagenomics diagnostic, an increasing number of next-generation sequencing (NGS) based research and technological advancements. The United States owns the largest share of the Metagenomics market in the North America region Furthermore, the rapid adoption of novel sequencing technologies and rising awareness about Next Generation Sequencing (NGS) based on metagenomic research is also expected to fuel the Metagenomics Market in this region.
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Metagenomics Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, Current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Metagenomics Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
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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