Metagenomics Sequencing Market Size to Exceed USD 23.90 billion by 2030 | CAGR of 9.86%

Allied Market Research has published a study report with the title Metagenomics Sequencing Market Size was Valued at USD 974.30 million in 2020, and is Projected to Garner USD 3.64 billion by 2028, registering a CAGR of 17.5% from 2021 to 2030.

Metagenomics sequencing is a molecular biology technique that allows researchers to study the genetic material of entire microbial communities present in a particular environment, such as soil, water, or the human gut. Instead of sequencing the genome of a single organism, metagenomics sequencing simultaneously sequences the DNA or RNA of all the organisms in a sample, enabling the identification and characterization of the various microorganisms present in the sample.

Key Findings Of The Study

• By product & service, the services segment accounted for the largest segment in 2020, while reagents & consumables segment is expected to grow at highest CAGR of 18.5% from 2021 to 2028
• By technology, the 16S rRNA sequencing segment dominated the metagenomics sequencing market in 2020, while shotgun metagenomics sequencing segment is expected to grow at highest CAGR of 18.5% from 2021 to 2028
• By application, the drug discovery segment was the largest application segment in overall market in 2020
• By region, Asia-Pacific is expected to witness highest metagenomics sequencing market growth rate, with a CAGR of 19.0% driven by growth in population, increase in affordability, and improvement in healthcare facilities in the region

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Top Metagenomics Sequencing: -

• Eurofins Genomics
• Illumina, Inc.
• Oxford Nanopore Technologies Ltd
• Pacific Biosciences of California, Inc.
• Thermo Fisher Scientific Inc.
• BGI Genomics Co., Ltd.
• PerkinElmer Inc.
• QIAGEN N.V.
• Macrogen Inc.
• Swift Biosciences Inc.

Metagenomics Sequencing Market segmentation can be done based on several factors, including:
The report offers detailed segmentation of the global electrolarynx market based on type, application, end-user, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on fastest growing segments and highest revenue generation that is mentioned in the report.

By Product & Service

• Reagents & Consumables
• Instruments
• Services
• Analysis & Data Interpretation Solutions
• Metagenomics Sequencing Services

By Technology

• Shotgun Metagenomics Sequencing
• 16S rRNA Sequencing
• Whole Genome Sequencing & De Novo Assembly
• Metatranscriptomics

By Application

• Ecological & Environmental Metagenomics
• Clinical Diagnostics
• Drug Discovery
• Biofuel
• Industrial Applications

By region, North America held the highest share in 2020, garnering more than two-fifths of the global metagenomics sequencing market. Rise in genetic disorders and increase in number of clinical diagnostics drive the market growth in this region. Simultaneously, the market across Asia-Pacific would register the fastest CAGR of 19.0% from 2021 to 2028.

What are the Recent Trends in the Metagenomics Sequencing Market?

Surge in advancements in metagenomics sequencing, rise in applications of metagenomics in various fields, increase in initiatives & funding from government & private bodies for large-scale sequencing projects, and declining cost of sequencing fuel the growth of the global metagenomics sequencing market. On the other hand, budget constraints in developing countries and dearth of skilled professionals impede the growth to some extent. However, availability of cloud computing for data management is anticipated to create lucrative opportunities in the industry.

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Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
• Which region has more opportunities?

By Region Outlook

• North America
(U.S., Canada, Mexico)
• Europe
(Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
(Japan, China, India, Rest of Asia-Pacific)
• LAMEA
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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