Metagenomics Sequencing Market to Grow with a CAGR of 14.23% through 2028
Metagenomics Sequencing
Market to Grow with a CAGR of 14.23% through
2028
Rising research and development expenditure in
sequencing is expected to drive the Global Metagenomics Sequencing Market in
the forecast period 2024-2028.
According to TechSci Research report, “Metagenomics
Sequencing Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Metagenomics Sequencing
Market stood at USD 1.96 billion in 2022 and is anticipated to grow with a CAGR
of 14.23% in the forecast period, 2024-2028. Metagenomics sequencing is a
revolutionary approach in genomics that involves the direct analysis of genetic
material recovered from environmental samples. Unlike traditional sequencing
methods that focus on individual organisms, metagenomics explores the
collective genomes of entire microbial communities, providing insights into the
vast diversity of microorganisms present in a given ecosystem. This technique
has broad applications in various fields, including environmental microbiology,
human health, and biotechnology.
The process begins with the extraction of DNA or RNA
from a mixed sample, which may originate from soil, water, air, or biological
specimens. Next, high-throughput sequencing technologies, such as
next-generation sequencing platforms, are employed to generate massive amounts
of sequence data. Bioinformatics tools are then used to analyze and interpret
these data, allowing researchers to characterize the taxonomic composition and
functional potential of the microbial community. Metagenomics sequencing
has unveiled previously inaccessible microbial diversity and functional
capabilities, enabling the discovery of novel species, genes, and biochemical
pathways. It plays a crucial role in understanding microbial ecology, microbial
contributions to biogeochemical cycles, and the impact of microbial communities
on human health. Additionally, metagenomics has applications in personalized
medicine, as it allows the study of the human microbiome and its association
with various diseases. Overall, metagenomics sequencing has revolutionized our
ability to explore the genetic landscapes of complex microbial communities,
providing valuable information for scientific research, environmental
monitoring, and medical diagnostics.
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Metagenomics Sequencing Market”
The global metagenomics sequencing market is propelled
by several key factors that contribute to its growth and significance in
various industries. Firstly, the increasing awareness of the importance of
studying microbial communities for environmental and human health applications
is driving demand. Metagenomics sequencing enables comprehensive analysis of
diverse microbial populations, fostering discoveries in fields such as
biotechnology, agriculture, and medicine. Additionally, advancements in
sequencing technologies, including improved speed, accuracy, and
cost-effectiveness, play a pivotal role in the market's expansion. The
continuous evolution of bioinformatics tools and analytical techniques further
enhances the interpretation of metagenomic data, making it more accessible and
actionable for researchers. The rising prevalence of infectious diseases and
the need for efficient diagnostics contribute to the market's growth, as
metagenomics sequencing allows for the rapid identification and characterization
of pathogens. Furthermore, ongoing research initiatives, collaborations, and
investments in genomics and microbiome studies contribute to the dynamic
expansion of the global metagenomics sequencing market. Overall, the
convergence of technological innovation, scientific awareness, and application
diversity propels the market's advancement on a global scale.
The Global Metagenomics Sequencing Market is segmented
into product & service, workflow, technology, distribution channel, regional
distribution, and company.
Based on product & service, the market is
segmented into Reagents & Consumables, Instruments, Sequencing Services,
Analysis & Data Interpretation Solutions. The Sequencing Services segment is
expected to rise in the forecast period. This is attributed due to their
comprehensive offerings, providing end-to-end solutions. They encompass
reagents, instruments, and analysis services, ensuring streamlined,
expert-guided processes for researchers without the need for separate
acquisitions and integrations.
Based on Technology, the market is segmented into 16s
RNA Sequencing, Shotgun Metagenomic Sequencing, Whole-Genome Sequencing &
De Novo Assembly, Meta-transcriptomics. The Shotgun Metagenomic Sequencing segment
was dominated the market in 2022. This is due numerous academic institutions
and research centers are adopting technology for their genetic studies. For
instance, in July 2022, an article published on the portal of Arthritis &
Rheumatology stated that the background of genetics along with disease activity
impacts the composition of gut microbiota. The study performed shotgun
sequencing to derive the conclusion.
Major companies operating in Global Metagenomics
Sequencing Market are:
- Illumina, Inc.
- Thermo Fisher Scientific, Inc.
- PerkinElmer, Inc.
- Novogene Co., Ltd.
- Promega Corporation
- QIAGEN
- Takara Bio, Inc.
- Oxford Nanopore Technologies
- F. Hoffmann-La Roche Ltd.
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“The global metagenomics sequencing market is driven
by increasing awareness of microbial community importance, technological
advancements in sequencing, rising infectious diseases, diverse applications
across industries, ongoing research initiatives, and growing investments. These
factors fuel demand for metagenomics in environmental studies, human health,
and biotechnology, propelling market growth. Additionally, the market benefits
from the expanding use of metagenomics in personalized medicine and the
continuous evolution of bioinformatics tools, facilitating a deeper
understanding of microbial ecosystems and their applications across various
scientific disciplines” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Metagenomics
Sequencing Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028 Segmented By Product & Service (Reagents &
Consumables, Instruments, Sequencing Services, Analysis & Data
Interpretation Solutions), By Workflow (Sample Processing & Library
Preparation, Sequencing, Research and Biotechnology), By Technology (16s RNA
Sequencing, Shotgun Metagenomic Sequencing, Whole-Genome Sequencing & De
Novo Assembly, Meta-transcriptomics), By Distribution Channel (Direct Sales,
Retail Sales, Online Retail), By Region and Competition” has evaluated
the future growth potential of Global Metagenomics Sequencing Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Metagenomics Sequencing Market.
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