Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Metagenomics Sequencing Market Size Expected to Grow from USD 2.09 Billion in 2023 to USD 10.21 Billion by 2033, at a CAGR of 17.19% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Metagenomics Sequencing Market Size, Share, and COVID-19 Impact Analysis, By Technology (Shotgun Metagenomic Sequencing, 16S rRNA Sequencing, Whole Genome Sequencing & De Novo Assembly, and Metatranscriptomics), By Application (Environmental, Clinical Diagnostics, Drug Discovery, Biotechnology, Food & Nutrition, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The study of genomes as a group in a microbial community is known as metagenomics. The genomes are cloned and examined in this procedure without the community's organisms being cultured. Many research labs are currently involved in the metagenomics process, which has led to significant advancements in microbial ecology, evolution, and diversity. Significant metagenomics applications across a range of industries, numerous government and private funding initiatives for large-scale sequencing projects, and the rising cost of sequencing are some of the factors propelling the expansion of the worldwide metagenomics sequencing market. The growth of the worldwide metagenomics sequencing market is driven by developments in DNA sequencing and the proliferation of metagenomics sequencing applications. Also, manufacturers of metagenomics sequencing products can make good money in impoverished countries. However, in developing countries, academic research and development is mostly dependent on external funding. Despite continuous attempts by government and private organizations to provide funding for research worldwide, many academic and research institutions face financial constraints when it comes to the acquisition and use of sophisticated and costly equipment and technology.
The shotgun metagenomic sequencing segment is expected to hold the largest share of the global metagenomics sequencing market during the projected timeframe.
Based on technology, the global metagenomics sequencing market is categorized as shotgun metagenomic sequencing, 16s rrna sequencing, whole genome sequencing & de novo assembly, and metatranscriptomics. Among these, the shotgun metagenomic sequencing segment is expected to hold the largest share of the global metagenomics sequencing market during the projected timeframe. This is due to the benefits shotgun sequencing offers over other sequencing methods, the rise in metagenomics sequencing-based research activities, and healthcare professionals. It is projected that the increased inclination towards shotgun use due to its superior benefits would aid in the growth of the global metagenomics sequencing market.
The environmental segment is expected to grow at the fastest CAGR during the projected timeframe.
Based on the application, the global metagenomics sequencing market is categorized as environmental, clinical diagnostics, drug discovery, biotechnology, food & nutrition, and others. Among these, the environmental segment is expected to grow at the fastest CAGR during the projected timeframe. In agricultural and environmental protection, metagenomics research is rapidly growing. It uses gene screening or sequencing analysis to study microorganisms in a particular environment, which is a new way of looking at microbial ecosystems.
North America is projected to hold the largest share of the global metagenomics sequencing market over the forecast period.
North America is projected to hold the largest share of the global metagenomics sequencing market over the forecast period. This is due to the nation's substantial research in whole-genome sequencing, cancer, and genomics. The substantial uptake of metagenomics technology in this nation can also be ascribed to advanced medical and research infrastructure, financial resources, highly qualified staff, and businesses that are promoting improved research techniques to find innovative technologies for diagnosis and treatment.
Europe is expected to grow at the fastest CAGR growth of the global metagenomics sequencing market during the forecast period. Europe has a long history of funding scientific research and a strong research infrastructure. Significant funds are allotted to metagenomics research projects by government funding organizations, commercial organizations, and pharmaceutical firms. The development of metagenomics technology and applications is accelerated by this financing, which also fosters creativity and collaboration.
Company Profiling
Major vendors in the global metagenomics sequencing market are Pattern AG, Illumina Inc., Thermo Fisher Scientific Inc., BGI Genomics Co. Ltd., Oxford Nanopore Technologies Ltd, Eurofins Genomics, Pacific Biosciences of California Inc., Macrogen Inc., AstraZeneca, and Others.
Key Target Audience
Key Market Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global metagenomics sequencing market based on the below-mentioned segments:
Global Metagenomics Sequencing Market, By Technology
Global Metagenomics Sequencing Market, By Application
Global Metagenomics Sequencing Market, By Regional
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