Microbiome Sequencing Market On The Rise: 19.3% CAGR Forecast
| Report Metric |
Details |
| Base year considered |
2023 |
| Forecast period considered |
2024-2029 |
| Base year market size |
$1.3 billion |
| Market size forecast |
$3.7 billion |
| Growth rate |
CAGR of 19.3% for the forecast period of 2024-2029 |
| Segments covered |
Component, Sequencing Technology, Laboratory Type, Application, End User, and Region |
| Regions covered |
North America, Europe, Asia-Pacific, the Middle East and Africa, and South America |
| Countries covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, Japan, China, India, South Korea, Australia, Brazil, and Argentina |
| Market drivers |
. Decreasing cost per genome. . Government initiatives and funding. . Advances in sequencing technology. . Personalized medicine and diagnostics. . Drug discovery and development |
Interesting facts:
-
Rapid Growth in Consumer Interest: Microbiome science is quickly merging with consumer wellness trends, leading to a surprising spike in direct-to-consumer microbiome testing.
Demand for Personalization: Many individuals are seeking personalized feedback on their gut health and dietary suggestions beyond clinical applications.
Clinical Applications Still Lead: Despite the consumer boom, clinical uses remain the primary driver of microbiome research and testing.
Rise of Long-Read Sequencing: Long-read sequencing technologies are gaining traction faster than expected, especially in environmental and agricultural research.
Holistic Microbial Analysis: There is a shift toward more comprehensive analyses of microbial communities, moving beyond simple taxonomic categorization.
Emerging startups:
-
Pendulum
Microba
Biomesense
The report addresses the following questions:
What is the projected size and growth rate of the market?- The global market for microbiome sequencing was valued at $1.3 billion in 2023 and is projected to reach $3.7 billion by the end of 2029, at a CAGR of 19% for the forecast period.
What factors are driving the growth of the market?
- Advances in next-generation sequencing (NGS) technologies and bioinformatics have made microbiome analysis more accessible and cost-effective, enabling high-throughput and detailed microbial community profiling. The rising prevalence of chronic diseases, such as inflammatory bowel disease, diabetes, and cancer, is driving the adoption of microbiome-based diagnostics and therapeutics in the healthcare sector. The rising numbers of cancer cases globally, approval of immunotherapy drugs, and increasing in government funding and pharmaceutical R&D spending are also driving the market's growth.
Which market segments are covered in the report?
- The report segments the market by sequencing technology, component, laboratory type, application, and end user.
Which sequencing technology will be dominant through 2029?
- High-throughput Sequencing will dominate the microbiome therapeutics market through the forecast period.
Which region has the largest market share?
- North America has the largest share of the microbiome therapeutics market
Market leaders include:
-
BASECLEAR BV
CD GENOMICS
CHARLES RIVER LABORATORIES
COSMOSID
CROWN BIOSCIENCE
DANAHER CORP.
EUROFINS SCIENTIFIC
ILLUMINA INC.
MERIEUX NUTRISCIENCES
MICROBIOME INSIGHTS
NOVOGENE CO. LTD.
OXFORD NANOPORE TECHNOLOGIES PLC
PACBIO
QIAGEN
THERMO FISHER SCIENTIFIC INC .
Related reports:
Human Microbiome-based Drugs and Diagnostics: Global Markets : This report analyzes the global market for human microbiome-based drugs and diagnostics, focusing on market size, trends, and growth potential. It segments the market by type, application, end user, and region, and highlights the use of microbiome therapies in treating diseases like metabolic, gastrointestinal, infectious diseases, and cancer. It also explores emerging technologies, competitive dynamics, and ESG initiatives, Wellness products and nonstandard fecal microbiota transplants are outside the scope of the report.
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