(MENAFN- EIN Presswire) Metagenomics Market
PORTLAND, OR, UNITED STATES, February 27, 2023 /einpresswire.com / -- The metagenomics market refers to the industry that produces and sells products and services related to metagenomics, a field of study that involves the analysis of genetic material from environmental samples, such as soil, water, or the human microbiome. Metagenomics allows researchers to study the diversity and function of microbial communities, which has applications in fields such as medicine, biotechnology, and environmental science.
The global metagenomics market is expected to grow significantly in the coming years, driven by factors such as the increasing use of metagenomics in drug discovery and development, the rising demand for personalized medicine, and the growing focus on environmental monitoring. The global metagenomics market was valued at $176 million in 2017 and is expected to reach $523 million by 2024 at a CAGR of 16.8% from 2018 to 2024.
The market is segmented by product, technology, application, and region. On the basis of product, the market is segmented into sequencing and analysis products, bioinformatics tools, and others. On the basis of technology, the market is segmented into sequencing technologies, PCR, and others. On the basis of application, the market is segmented into diagnostics, drug discovery, environmental monitoring, and others.
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DNA sequencing platforms have seen remarkable progress through technological development in recent years. They are highly useful and beneficial compared to conventional technologies, such as reducing the number of pre-sequencing steps, ensuring sequence integrity with long reads (MB to GB) generated per run, and achieving high read accuracy. As DNA sequencing is largely associated with metagenomic studies, advancements in this field are set to fuel market growth over the forecast period. In contrast, metagenomics is a relatively new concept that involves the analysis and elucidation of interactions between microbial communities, a lack of knowledge related to this area is expected to hinder market growth.
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On the basis of product, the global metagenomics market is segmented into equipment and software and consumables. The consumer segment accounted for the largest share of the global market in 2017 and is expected to maintain this dominance throughout the forecast period. High adoption of consumables in pre-sequencing, which is the most important step in the overall metagenomic sequencing protocol, has contributed to the dominant position of this segment in the market. In addition, optimal use of consumables ensures that the DNA included in metagenomic analysis is representative of all cells in the sample and is ideal for generating genomic libraries.
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On the basis of application, the global metagenomics market is segmented into infectious disease diagnosis, environmental remediation, gut microbiome characterization, biotechnology, biofuels, and agriculture. The gut microbiota specialty segment dominated the global market in 2017 and is expected to maintain this dominance throughout the forecast period.
By region, the global metagenomics market is analyzed across North America, Europe, Asia-Pacific and LAMEA. North America was the major contributor in terms of revenue in 2017 and is expected to maintain this dominance during the forecast period. The Asia-Pacific region is projected to register the highest CAGR during the forecast period, with a significant patient population coupled with ever-evolving healthcare infrastructure in countries in the region.
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Key Benefits:
. The study provides an in-depth analysis along with the current trends and future estimations of the global metagenomics market to elucidate the imminent investment pockets.
. A comprehensive analysis of the factors that drive and restrict the market growth is provided.
. The quantitative analysis of the industry from 2017 to 2024 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
. An extensive analysis of key segments of the industry is provided to understand the products and technologies of metagenomics used globally.
. The key players and their strategies are analyzed to understand the competitive outlook of the market.
Key Market Players:
. Agilent Technologies, Inc
. Enterome SA
. F. Hoffmann-La Roche Ltd.
. Illumina, Inc
. Oxford Nanopore Technologies Ltd.
. Pacific Biosciences of California, Inc.
. PerkinElmer Inc.
. QIAGEN N.V.
. Swift Biosciences Inc.
. Thermo Fisher Scientific, Inc.
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. Japan Metagenomics Market
. South Korea Metagenomics Market
. Singapore Metagenomics Market
. Australia Metagenomics Market
. Europe Metagenomics Market
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