Metagenomics Market Growing Demand, Opportunities and Share Analysis 2022 to 2028

The research report "Metagenomics Market: By Component (Reagents and Kits, Instruments, Software), By Technology (Bioinformatics, Sequencing), By Application (Environmental Remediation, Biotechnology, Infectious Disease Diagnosis, Agriculture, Gut Microbe Characterization, Others), By End User (Biopharmaceutical and Biotechnology Industries, Hospitals and Clinics, Academic and Research Institutes, Others), and Geography- Global/Region/Country Forecast to 2028." The global metagenomics market is anticipated to be valued at USD 200 million in 2021 and poised to grow at a significant CAGR rate of 17% over the future period 2022-2028.

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Sophisticated healthcare infrastructure is driving the Metagenomics Market:
DNA sequencing platforms have made huge progress in present years due to the technological developments. They have several benefits over traditional methods such as achieving high read precision, assuring sequence authenticity with lengthy reads (MB to GB) produced each run and lessening the number of pre-sequencing stages. Developments in this sector are projected to impel the growth of market throughout the anticipated tie span since DNA sequencing is very much connected to metagenomics investigations. Increase in the funding from both the private and public sectors to develop metagenomics services is also fuelling the market growth.

There are a few key factors bolstering the metagenomics market growth such as the technological developments in the biotechnology and bioinformatics tools, presence of skilled professionals focusing on the research of metatranscriptomics, metaproteomics and metabolimics services, sophisticated healthcare infrastructure and growing demand for microbial screening in food and chemical industries. The dominance of such category in the market is because of the extensive use of consumables in pre-sequencing which is the most critical process in the total metagenomics sequencing protocol. Moreover, maximizing the use of consumables assures that the DNA used in the metagenomics study is representative of all cells in the sample, making it appropriate for the creation of genomic libraries. However, the instrument & software sector is anticipated to grow at the fast rate due to the constant development of software packages and devices used in metagenomics investigations.

North America accounted for significant revenue share in the Global Metagenomics Market:
The global metagenomics market report aims at providing comprehensive outlook on metagenomics across the globe with special focus on leading regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among these regions, North America got major revenue share in the global metagenomics market witnessing significant CAGR rate. There are a few more factors impel the North America market, which include growing R&D to develop advanced bioinformatics tools, presence of huge number of biotechnology industries and increasing prevalence of genetic disorders such as diabetes, cancer and other chronic diseases. Europe metagenomics market expected to exhibit significant rate due to the rising health consciousness amid the population and growing adoption of advanced sequencing tools.

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Key players working in the global metagenomics market are Qiagen N.V. (Germany), PerkinElmer, Inc. (U.S.), Agilent Technologies (U.S.), Siemens AG (Germany) and Hoffmann La Roche Ltd. (Switzerland).

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