Press release
Global Metagenomics Market Projected to Surpass $4 Billion by 2029 with 15% Annual Growth
Metagenomics Market Size
The metagenomics market is experiencing substantial growth, largely due to the escalating occurrence of infectious diseases. These diseases, otherwise referred to as transmissible diseases, are illnesses propagated by harmful microorganisms, such as bacteria, viruses, fungi, and parasites. They can be passed from one person to another or through different transmission methods. Metagenomics lends a hand in the investigation of these diseases by scrutinizing the genetic makeup of microbial communities. It enables a thorough analysis of microbial communities linked to infectious agents, offering an understanding of their structure, genetic variety, and probable interactions. For example, a report by the UK Health Security Agency, a government agency based in the UK, noted in February 2024 that tuberculosis (TB) incidents in England surged by 10.7% in 2023, accounting for 4,850 cases as against 4,380 in 2022. As a result, the mounting prevalence of infectious diseases is fueling the expansion of the metagenomics market.
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How will the growth rate of the metagenomics market shape industry trends by 2034?
The size of the metagenomics market has experienced considerable growth in the past few years, escalating from $2.01 billion in 2024 to an expected $2.32 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 15.4%. Factors contributing to this growth during the historical period include advancements in microbiome research, studies related to disease association, needs for environmental surveillance, usage in agriculture and food applications, and processes in biotechnology and industry.
The size of the metagenomics market is anticipated to experience accelerated expansion in the subsequent years, escalating to $4 billion in 2029 with a compound annual growth rate (CAGR) of 14.7%. The surge during the forecast period can be linked to factors like the incorporation of precision medicine, comprehension of microbial ecology, one health campaigns, bioprospecting alongside drug discovery, along with diagnostic and therapeutic revolutions. The forecast period is also expected to see key trends like technological evolution in sequencing, amalgamation of artificial intelligence and machine learning, single-cell metagenomics, normalization of metagenomic data, as well as consumer wellness and customized nutrition.
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What trends are poised to drive the future success of the metagenomics market?
The main trend currently being witnessed in the metagenomics market is a result of tech advancements. This has led to a large number of leading companies in the metagenomics market focusing on adoption of new genomics technologies to boost their powers of observation and fortify their market position. For example, in May 2023, the US-genomics services company, CD Genomics, introduced its Long-Read Metagenomic Sequencing service. Using the latest technology, this service enables researchers and scientists to delve deeper into the complicated area of microbial communities with an incredible level of accuracy and depth. By making the most of CD Genomics' state-of-the-art technology and genomic knowledge, clients can now step into a new age of metagenomics research. The essential features of this service include improved resolution, species identification, functional annotation and comparative analysis. The introduction of this advanced method is set to revolutionize metagenomics research by providing unprecedented insights into microbial communities.
Which primary segments of the metagenomics market are driving growth and industry transformations?
The metagenomics market covered in this report is segmented -
1) By Product: Instruments, Kits And Reagents, Software And Services
2) By Workflow: Sequencing, Pre-Sequencing, Data Analysis
3) By Application: Environmental, Clinical Diagnostics, Drug Discovery, Biotechnology, Food And Nutrition, Other Applications
4) By End User: Pharmaceutical Industries, Research Laboratories, Biotechnology Companies, Pathology Laboratories, Academic And Research Institutes
Subsegments:
1) By Instruments: DNA Sequencers, PCR Machines, Microarray Systems, Mass Spectrometers
2) By Kits And Reagents: DNA Extraction Kits, Library Preparation Kits, Amplification Kits, Sequencing Reagents
3) By Software And Services: Data Analysis Software, Bioinformatics Services, Cloud-Based Data Storage, Consultation Services
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Which geographical regions are pioneering growth in the metagenomics market?
North America was the largest region in the global metagenomics market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the metagenomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the metagenomics market landscape?
Major companies operating in the metagenomics market include Illumina Inc., Promega Corporation, Qiagen N.V., Thermo Fisher Scientific Inc., Perkin Elmer Inc., Bio-Rad Laboratories Inc., F. Hoffmann-La Roche Ltd., Novogene Co. Ltd., Oxford Nanopore Technologies Limited, BGI Group, Eurofins Scientific SE, Arc Bio LLC, Computomics GmbH, Enterome Bioscience, TAKARA BIO INC., Danaher Corporation, ELITechGroup, Metagenomi, Cosmosid Inc., Pattern Ag, Tiny Health, MATIS OHF, Adapsyn Bioscience, Precidiag Inc., One Codex Inc., MetaBi Inc., Zymo Research Corporation, Bluebee Holding BV, Maverix Biomics Inc., Lucigen Corporation
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What Is Covered In The Metagenomics Global Market Report?
• Market Size Forecast: Examine the metagenomics market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the metagenomics market for a structured understanding.
• Key Players Overview: Analyze major players in the metagenomics market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the metagenomics market.
• Segment Contributions: Evaluate how different segments drive overall growth in the metagenomics market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the metagenomics market.
• Industry Challenges: Identify potential risks and obstacles affecting the metagenomics market.
• Competitive Landscape: Review strategic developments in the metagenomics market, including expansions, agreements, and new product launches.
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