Press release
Future of Metagenomics Market Value Set to Double by 2034 with a CAGR of 6.3%
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Metagenomics is a new procedure of the study of the microorganisms from particular environments and help the scientists to understand the functioning and toxicity of such organisms. The field is gaining momentum every day with the help of rising investments of governments in research organizations. The two types of analyses mostly applied in the bioprospecting of metagenomics data are function-driven screening for an expressed trait and sequence-driven screening for a DNA sequence of interest. These methodologies are still growing in parallel to the widening horizons set by technological advancements in scientific instrumentation, thus leading to an improvement in result accuracy.
Key Players
Illumina Inc.
PerkinElmer Inc.
Thermo Fisher Scientific Inc.
Novogene Co. Ltd.
Promega Corporation
Takara Bio Inc.
Oxford Nanopore Technologies Plc
Eurofins Scientific
Zymo Research
Computomics GmbH
Microsynth AG
Arc Bio, LLC.
Applications of Metagenomics
Since its discovery, metagenomics has found its application in various other fields, including astrobiology, cancer research, agricultural, and the food and beverage industry; metagenomics can optimize all these processes for the better.
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Opportunities in the Metagenomics Market
The market for metagenomics is mainly growing in the fields of human health, environmental monitoring, agriculture, food industry, and industrial biotechnology.
Challenges in the Metagenomics Market
Despite the metagenomics market abounding in promising business opportunities, a good amount of challenges, including those of the nature of restrictions, exist at the technical, standardization, regulatory, ethical, and privacy levels, and thus market growth might be impeded.
Conclusion
In conclusion, the Metagenomics Market is due for quite a dramatic ascent in the coming years through the compilation of different applications and increasing investment. With further advances, the role of metagenomics in understanding our world and ultimately benefiting many different industries will become very pronounced.
Key Segments of Metagenomics Market Research
By Product :
Library Preparation Kits
Sample Extraction Kits
Metagenomics Sequencing Kits
By Application :
Microbial Diversity
Bioremediation & Degradation
Bio Surfactant & Antibiotic Production
Clinical Diagnosis
By End User :
Pharmaceutical Industries
Research Laboratories
Biotechnology Companies
Pathology Laboratories
Academic & Research Institutes
By Region :
North America
Latin America
Eastern Europe
Western Europe
East Asia
South Asia & Pacific
Middle East & Africa
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