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Global Metagenomics Market Report 2023-2032: Market Analysis, Growth, Key Trends And Forecast | Illumina Inc., Promega Corporation, Qiagen N.V., Thermo Fisher Scientific Inc., Perkin Elmer Inc., Bio-Rad Laboratories Inc
Metagenomics Market Report 2023
The Business Research Company's Metagenomics Global Market Report 2023 the increasing prevalence of infectious diseases as the major driver for the metagenomics market's growth in the forecast period. For instance, in October 2022, according to an article published by the Pan American Health Organization, a US-based specialized agency of the United Nations, approximately 10.6 million people fell ill with tuberculosis (TB) in 2021, an increase of 4.5% from 2020.
The global metagenomics market size is expected to grow from $1.48 billion in 2022 to $1.72 billion in 2023 at a compound annual growth rate (CAGR) of 16.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global metagenomics market size is expected to reach $3 billion in 2027 at a CAGR of 14.9%.
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Major competitors in the metagenomics market are Illumina Inc., Promega Corporation, Qiagen N.V., Thermo Fisher Scientific Inc., Perkin Elmer Inc., Bio-Rad Laboratories Inc., F. Hoffmann-La Roche Ltd., Novogene Co. Ltd., Oxford Nanopore Technologies Limited, Takara Bio USA Inc., BGI Group, Eurofins Scientific SE, Arc Bio LLC, Computomics GmbH, and Enterome.
A key trend in the metagenomics market includes technological advancements. Major companies operating in the metagenomics market are focused on adopting new genomics technologies to improve their observation power and sustain their position in the market. For instance, in May 2023, CD Genomics, a US-based genomics services company, launched the Long-Read Metagenomic Sequencing service.
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The metagenomics market is segmented -
• By Product: Instruments, Kits And Reagents, Software And Services
• By Workflow: Sequencing, Pre-Sequencing, Data Analysis
• By Application: Environmental, Clinical Diagnostics, Drug Discovery, Biotechnology, Food And Nutrition, Other Applications
• By End User: Pharmaceutical Industries, Research Laboratories, Biotechnology Companies, Pathology Laboratories, Academic And Research Institutes
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the metagenomics market
The Business Research Company's "Global Metagenomics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Metagenomics Market Include:
1. Executive Summary
2. Metagenomics Market Characteristics
3. Metagenomics Market Trends And Strategies
4. Metagenomics Market - Macro Economic Scenario
5. Metagenomics Market Size And Growth
……………
27. Metagenomics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Metagenomics Market
29. Metagenomics Market Future Outlook And Potential Analysis
30. Appendix
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