Metagenomic Sequencing Market Size, Growth Analysis, Share, Key Trends And Forecast To 2033

The new report published by The Business Research Company, titled "Metagenomic Sequencing Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the metagenomic sequencing market size has grown rapidly in recent years. It will grow from $1.82 billion in 2023 to $2.13 billion in 2024 at a compound annual growth rate (CAGR) of 16.9%. The metagenomic sequencing market size is expected to see rapid growth in the next few years. It will grow to $4.02 billion in 2028 at a compound annual growth rate (CAGR) of 17.2%.

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Rising Prevalence Of Infectious Diseases Fuels Growth In The Metagenomic Sequencing Market
The surge in the prevalence of infectious diseases is expected to drive the growth of the metagenomic sequencing market. Infectious diseases are disorders caused by pathogenic microorganisms such as bacteria, viruses, parasites, or fungi that can spread, directly or indirectly, from one person to another. The increasing prevalence of conditions that weaken the immune system, such as HIV/AIDS, cancer treatments, and autoimmune disorders, can make individuals more susceptible to infectious diseases. Metagenomic sequencing offers a powerful and versatile approach to studying infectious diseases, providing valuable insights into pathogen diversity, transmission dynamics, antimicrobial resistance, and outbreak surveillance. For instance, in July 2023, according to UNAIDS, the Switzerland-based UN program dedicated to addressing the global HIV/AIDS epidemic, the number of people with HIV currently exceeded 39 million globally, up 3.17% from 37.7 million in 2020. Moreover, in 2022, there were almost 1.3 million new cases of HIV infection recorded. Furthermore, in March 2023, according to the Centers for Disease Control and Prevention, a US-based government agency, tuberculosis (TB) cases in the US increased by 5.9% from 7,874 cases in 2021 to 8,331 cases in 2022. Therefore, the surge in the prevalence of infectious diseases is driving growth in the metagenomic sequencing market.

Metagenomic Sequencing Companies Drive Innovation With Advanced Long-Read Sequencing Services
Major companies operating in the metagenomic sequencing market are focusing on innovating sequencing services, to improve sequencing accuracy, throughput, and cost-effectiveness. Sequencing services refer to cutting-edge genomic technologies that enable the sequencing of longer DNA fragments, providing a more comprehensive view of genetic structures compared to traditional short-read methods. For instance, in April 2024, Clinical Microbiomics A/S, a Denmark-based biotechnology company, launched advanced long-read sequencing services, including 16S, ITS, 18S rRNA, custom gene sequencing, and comprehensive genomics and metagenomics, which provide unparalleled resolution and quality in microbial analysis, enabling detailed insights into microbial communities and facilitating the creation of high-quality metagenome-assembled genomes.

The metagenomic sequencing market covered in this report is segmented -

1) By Product And Service: Reagents And Consumables, Instruments, Sequencing Services, Analysis And Data Interpretation Solutions
2) By Technology: 16S Rrna Sequencing, Shotgun Metagenomic Sequencing, Whole-Genome Sequencing And De Novo Assembly, Metatranscriptomics
3) By Application: Clinical Diagnostic, Environmental Remediation, Gut Microbe Characterization, Drug Discovery, Biofuel, Agriculture, Other Applications

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Major companies operating in the metagenomic sequencing market are F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Merck Co. & KGaA, Eurofins Scientific SE, PerkinElmer Inc., Illumina Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., Beijing Genomics Institute Group, Azenta Inc., Promega Corporation, Novogene Co. Ltd., Oxford Nanopore Technologies plc, Zymo Research Corporation, Metagenomi Inc., Psamogen Inc., IntegraGen SA, Karius Inc., DNAStar Inc., Macrogen Inc., Takara Bio Inc., Arc Bio LLC, Microsynth AG, Computomics GmbH, COSMOSID Inc., Phase Genomics Inc., Era7 Bioinformatics GmbH

Contents of the report:
1. Executive Summary
2. Metagenomic Sequencing Market Report Structure
3. Metagenomic Sequencing Market Trends And Strategies
4. Metagenomic Sequencing Market - Macro Economic Scenario
5. Metagenomic Sequencing Market Size And Growth
…..
27. Metagenomic Sequencing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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