Future of Metagenomics Market Value Set to Double by 2034 with a CAGR of 6.3%

The metagenomics market is rapidly altering and is set to create multiple prospects over the next ten years. By the use of metagenomics across various applications such as humans gut studies and agriculture, the global market for metagenomics is likely to cross US$ 217.7 mn in the year 2024, and further it expected to create an incremental opportunity valued at US$ 428.6 mn at a compounded annual growth rate of 6.3% during the decade EXTEND-2034.

Get Free Sample Copy of This Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=10128

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.

Get Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=RC&rep_id=10128

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

Contact:

US Sales Office

11140 Rockville Pike

Suite 400 Rockville, MD 20852

United States Tel: +1 (628) 251-1583, +353-1-4434-232 (D)

Sales Team: sales@factmr.com

About Fact.MR :

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.