Metagenomics Market To Reach US$ 966.0 Million by 2028 | CAGR of 11.21%

How Big is the Metagenomics Market ? :

IMARC Group's latest report, titled "Metagenomics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global metagenomics market size reached US$ 505.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 966.0 Million by 2028, exhibiting a growth rate (CAGR) of 11.21% during 2023-2028.

What is Metagenomics ? :

Metagenomics is a field of research focused on studying the genetic material (DNA or RNA) obtained directly from environmental samples, such as soil, water, or the human gut, without the need for isolation and cultivation of individual organisms. It enables the analysis of entire microbial communities, providing insights into microorganisms' diversity, functional potential, and interactions in a given environment. It can potentially uncover new species, discover novel genes and enzymes, and drive advances in personalized medicine, agriculture, and bioenergy.

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Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being

• Agilent Technologies Inc
• Enterome
• Eurofins Scientific
• F. Hoffmann-La Roche AG (Roche Holding AG)
• Illumina Inc
• Novogene Co. Ltd
• Oxford Nanopore Technologies Limited
• Pacific Biosciences of California Inc
• PerkinElmer Inc
• QIAGEN N.V
• Swift Biosciences Inc. (Danaher Corporation)
• Thermo Fisher Scientific Inc

Metagenomics Market Growth and Development:

The global market is majorly driven by rapid advancements in high-throughput sequencing technologies, such as next-generation sequencing (NGS). In line with this, the increasing recognition of the crucial role played by microbial communities in human health, agriculture, and environmental sustainability is significantly contributing to the market. Furthermore, the expanding microbiome-based diagnostics and therapeutics field is positively influencing the market. Apart from this, the growing focus on environmental monitoring and bioremediation is creating a positive outlook for the market.

Moreover, metagenomics is widely used in agricultural research to understand soil microbiomes, plant-microbe interactions, and the development of microbial-based solutions for crop improvement. The demand for sustainable agriculture practices and improved crop yields contributes to market expansion. Besides, the search for new antibiotics, enzymes, and other bioactive molecules supports the market. Additionally, the escalating need for reliable and rapid methods for food microbiome analysis fuels the market.

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Key Market Segmentation:

Breakup by Product:

• Instruments and Software
• Consumables

Breakup by Technology:

• Sequencing
• Bioinformatics

Breakup by Application:

• Infectious Disease Diagnosis
• Environmental Remediation
• Gut Microbe Characterization
• Biotechnology
• Biofuel
• Agriculture

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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