Metagenomics Sequencing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented by Product and Service (Reagents & consumables, Instruments, Services), By Technology (Shotgun metagenomic sequencing, 16S rRNA sequencing, Whole genome sequencing & de novo assembly, Meta transcriptomics), By Application (Drug discovery, Ecological & environmental metagenomics, Cl
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationMetagenomics Sequencing Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented by Product and Service (Reagents & consumables, Instruments, Services), By Technology (Shotgun metagenomic sequencing, 16S rRNA sequencing, Whole genome sequencing & de novo assembly, Meta transcriptomics), By Application (Drug discovery, Ecological & environmental metagenomics, Cl
For instance, in August 2022, OpGen, Inc., a personalized medicine company, announced to launch next-generation sequencing (NGS) services under the subsidiary, Ares Genetics.
Growing demand for personalized medicine
Personalized medicine is a key driver for the growth of the Global Metagenomics Sequencing Market. Personalized medicine aims to provide targeted therapies and treatments that are tailored to the individual patient based on their specific genetic makeup and environmental factors. Metagenomics sequencing provides a powerful tool for understanding the composition and function of microbes which are present in our body, can be used to develop therapies for the chronic diseases.
Advancements in sequencing technologies
Advancements in sequencing technologies have had a significant impact on the growth of the Global Metagenomics Sequencing Market. Next-generation sequencing and single-molecule sequencing technologies have greatly enhanced the throughput, accuracy, and speed of metagenomics sequencing, making it more accessible to a wider range of users, including researchers and clinicians.
Increasing need for environmental monitoring and management
Environmental monitoring and management are important drivers of the growth of the Global Metagenomics Sequencing Market. Metagenomics sequencing can be used to study microbial communities in a wide range of environments, including soil, water, air, and the built environment. This information can be used to better understand the ecology and function of these communities, and to develop more effective strategies for environmental management and remediation.
Particularly, metagenomics sequencing can be used to identify and monitor microbial indicators of environmental health, such as pathogenic bacteria, fungi, and viruses. This can be important for identifying and managing outbreaks of infectious diseases in human and animal populations, and for monitoring the health of ecosystems and natural resources.
Rising demand for precision agriculture
Precision agriculture is a key driver for the growth of the global metagenomics sequencing market. Precision agriculture is a farming technique that uses data-driven approaches to optimize crop production and reduce environmental impact. Metagenomics sequencing can be used to study the microbial communities that live in the soil and on plants, and to better understand the interactions between these communities about plant health and growth.
Metagenomics sequencing can also be used to study the diversity of soil microbial communities and their functional roles in soil processes such as nutrient cycling, carbon sequestration, and soil aggregation. This information can be used to develop new strategies for sustainable agriculture that promote soil health and resilience, while also reducing the use of synthetic fertilizers and pesticides.
Growing availability of funding for genomics research
Government funding for genomic research has played a critical role in the growth of the Global Metagenomics Sequencing Market. Genomic research is expensive and requires significant investment in equipment, infrastructure, and personnel. Government funding can help to provide the necessary resources to support research and development in the field of metagenomics sequencing.
Government funding has supported the development of new sequencing technologies, bioinformatics tools, and data analysis methods, which have greatly enhanced the accuracy and speed of metagenomics sequencing. This has made it possible to sequence larger and more complex samples, which has led to new insights into the diversity and function of microbial communities in a range of environments.
In addition to funding research and development, government funding can help to create a favorable policy environment for the adoption of metagenomics sequencing in research and clinical settings. This can include regulations that promote the use of genomic data in medical practice and research, as well as initiatives that promote the sharing of genomic data across different research groups.
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Market Segmentation
Global Metagenomics Sequencing Market can be segmented by product and service, technology, application, and by region. Based on the product and service, the market can be segmented into reagents & consumables, instruments, and services. Based on technology, the market can be segmented into shotgun metagenomic sequencing, 16S rRNA sequencing, whole genome sequencing & de novo assembly, and meta transcriptomics. Based on application, the market can be differentiated into drug discovery, ecological & environmental metagenomics, clinical diagnostics, biofuel, and industrial applications.
Market Players
BGI Genomics Co Ltd.,
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | By Product and Service By Technology By Application By Region |
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States; Canada; Mexico; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; UAE |
| Key companies profiled | BGI Genomics Co Ltd., Eurofins Scientific Se., Illumina Inc., Macrogen Inc., Oxford Nanopore Technologies Ltd., Pacific Biosciences of California Inc., Perkinelmer Inc., Qiagen N.V., Swift Biosciences Inc., Thermo Fisher Scientific Inc. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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