Soaring Demand Set to Propel Metagenomics Market to $4 Billion by 2029

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What Is the Expected CAGR for the Metagenomics Market Through 2025?
Recent years have seen swift expansion in the size of the metagenomics market. Projected to increase from a worth of $2.01 billion in 2024 to $2.32 billion in 2025, the market boasts a compound annual growth rate (CAGR) of 15.4%. This previous growth can be credited to progress made in microbiome research and disease association studies. Additionally, the need for environmental monitoring, as well as applications in the sectors of agriculture, food, biotechnology, and industrial processes have contributed to the market's expansion.

What's the Projected Size of the Global Metagenomics Market by 2029?
In the upcoming years, the size of the metagenomics market is anticipated to experience a rapid surge, estimated to reach "$4 billion in 2029 with a compound annual growth rate (CAGR) of 14.7%. The prospective expansion in this period can be credited to factors such as the integration of precision medicine, comprehension of microbial ecology, one health campaigns, bioprospecting, drug discovery, and innovative diagnostics and therapies. Key trends projected during this period encompass advancements in sequencing technology, the incorporation of artificial intelligence and machine learning, single-cell metagenomics, standardization of metagenomic data, and an emphasis on consumer wellness and personalized nutrition.

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Top Growth Drivers in the Metagenomics Industry: What's Accelerating the Market?
The escalating occurrence of contagious diseases is playing a substantial role in the expansion of the metagenomics market. These diseases, commonly known as communicable diseases, are triggered by infectious microorganisms such as bacteria, viruses, parasites, and fungi and can be spread directly or indirectly from one person to another. Metagenomics serves as a crucial tool for examining these diseases by deciphering the genetic information of microbial clusters. It paves the way for an exhaustive exploration of microbial clusters associated with infectious agents, revealing information about their make-up, genetic variance, and possible communications. For instance, a report released by the UK Health Security Agency, a government organization in the UK, announced in February 2024 that tuberculosis (TB) cases in England saw a 10.7% hike in 2023, with the number of cases reported increasing to 4,850 from 4,380 in 2022. Therefore, the rising occurrence of communicable diseases is stimulating the growth of the metagenomics market.

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What Trends Will Shape the Metagenomics Market Through 2029 and Beyond?
Technological advancement is a growing trend in the metagenomics market, with companies adopting long-read sequencing methods. In May 2023, US-based CD Genomics launched its Long-Read Metagenomic Sequencing service, enabling high-resolution analysis of microbial communities. The service offers improved functional annotation, species identification, and comparative analysis for advanced microbial research.

What Are the Main Segments in the Metagenomics Market?
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 Top Companies are Driving Growth in the Metagenomics Market?
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

Which Regions Will Dominate the Metagenomics Market Through 2029?
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

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