Revenue of Metagenomics Market Projected to Hit USD 5.82 Billion by 2030 with a CAGR of 18.1%

A Quick Overview of Metagenomics Market

• Base Year: 2024

• Historical Years: 2020-2023

• Forecast Years: 2025-2030

• Market Growth Rate: 18.1% (2025-2030)

The key object of this report on the Metagenomics Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

According to the latest report, the Global Metagenomics Market was valued at around USD 2.52 billion in 2024 and is projected to reach USD 5.82 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 18.1% from 2024 to 2030. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data.

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Market Dynamics:

Growth Opportunity-

Emerging Opportunities in Biotechnology Innovation - Biotechnology innovations are presenting a significant growth opportunity for the Global Metagenomics Market. The new technology is enhancing the ability to analyze complex microbial communities in extraordinary ways. To extract genetic information from a variety of samples, advanced sequencing methods are becoming more efficient and economical. Researchers can investigate novel metagenomics applications in domains like environmental science, agriculture, and medicine with these advancements. Moreover, the development of bioinformatics solutions for data analysis through biotechnological advancements provides a better understanding of the interactions and functions of microbes. The demand for metagenomics applications will further create ample opportunity as the sector is emphasizing the study of microbial diversity and its effects on ecosystems and human health. Companies can take benefit of this dynamic market by innovating and expanding their offerings.

Metagenomics Market Report Segmentation:

The report by MarkNtel Advisors on Metagenomics Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Product Type

• Software and Tools

•• Data Analysis Software

•• Bioinformatics Solutions

• Sequencing Platforms

• Kits and Reagents

•• Library Preparation Kits

•• Sample Extraction Kits

- Kits and Reagents is the leading segment with approximately 50% share of the Global Metagenomics Market. The segment is dominating due to its essential role in many biological and genomic processes. Library preparation kits and sample extraction kits give labs and researchers standardized dependable instruments for sample processing and analysis. In both clinical and research settings their time-saving features, ease of use, and convenience greatly improve workflow efficiency. The need for superior kits that guarantee accurate results is increasing along with the demand for genomic research and personalized medicine.

By Technology

• Shotgun Sequencing

• 16S Sequencing

• Whole Genome Sequencing

• Others

By Application

• Environmental

• Clinical Metagenomics

• Drugs Discovery

• Biotechnology

• Food & Nutrition

• Others

By Region

• North America

• South America

• Europe

• The Middle East & Africa

• Asia-Pacific

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Some of the Top Metagenomics Companies in the Market

In the fast-changing Metagenomics Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top players of the industry ruling the industry are:

• Bio-Rad Laboratories, Inc.

• Thermo Fisher Scientific

• Illumina Inc.

• Perkin Elmer Inc.

• Symbio Scientific Pvt. Ltd.

• Merck KgaA

• Eurofins Scientific

• Macrogen Inc.

• Oxford Nanopore Technology

• QIAGEN

• Promega Corporation

• Infobio

• Others

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This release was published on openPR.