Global Metagenomics Market Size, Growth, Industry Trends | Emergen Research

The usage of metagenomics in a variety of applications is expected to increase as sequencing costs decrease

VANCOUVER, BRITISH COLUMBIA, CANADA, January 29, 2025 /EINPresswire.com/ -- The global metagenomics market is experiencing significant growth, driven by advancements in sequencing technologies and an increasing emphasis on microbiome research. Valued at approximately USD 2.03 billion in 2023, the market is projected to reach USD 4.82 billion by 2030, reflecting a compound annual growth rate (CAGR) of 13.52% during this period.

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Market Drivers

Advancements in Sequencing Technologies: Innovations in sequencing methods have enhanced the accuracy and efficiency of metagenomics analyses, facilitating broader applications across various fields.
Rising Prevalence of Infectious Diseases: The increasing incidence of infectious diseases has heightened the demand for rapid and accurate diagnostic tools, positioning metagenomics as a valuable solution.
Market Challenges

High Costs of Sequencing: Despite technological advancements, the cost of sequencing remains a significant barrier, particularly for smaller research institutions and healthcare facilities.
Data Complexity: The vast and complex data generated through metagenomic sequencing necessitates advanced bioinformatics tools and expertise, posing challenges in data analysis and interpretation.

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Segment Insights

By Product Type:
Kits & Reagents: Dominating the market with a 61.48% share in 2023, this segment is driven by the essential role of consumables in metagenomic workflows.
Instruments and Software: While accounting for a smaller share, this segment is crucial for the execution and analysis of metagenomic studies.
By Technology:
Sequencing: Techniques such as 16S rRNA sequencing, whole genome sequencing, and shotgun sequencing are pivotal in identifying and characterizing microbial communities.
Bioinformatics: Essential for processing and interpreting the complex data generated from sequencing, bioinformatics tools are integral to metagenomic analyses.

Regional Outlook

North America: Leading the market with a 38.3% share in 2023, the region benefits from substantial research funding and a robust healthcare infrastructure.
Europe: Experiencing steady growth, Europe is investing in metagenomic research, particularly in the context of environmental and agricultural applications.
Asia-Pacific: Anticipated to witness rapid growth due to improving healthcare infrastructure and increasing research activities in microbiome studies.

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Key Companies in the Global Metagenomics Market

Illumina, Inc.
Thermo Fisher Scientific Inc.
QIAGEN N.V.
PerkinElmer, Inc.
Novogene Corporation
Promega Corporation
Takara Bio Inc.
Oxford Nanopore Technologies PLC
Roche Holding AG
Latest Industry Updates

April 2023: Pattern Ag unveiled the development of an extensive single ecosystem database based on metagenomics, aiming to create a comprehensive global soil microbiome map to support agrogenomics research.
December 2024: A leading biotechnology company announced the launch of a new metagenomic sequencing platform designed to enhance the accuracy and efficiency of microbiome analyses.

Market Segmentation Analysis

By Product Type:

Kits & Reagents
Instruments and Software

By Technology:

Sequencing
Bioinformatics

By Application:

Clinical Diagnostics
Environmental Monitoring
Agricultural Research
Others

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By Regional Outlook:

North America:
United States
Canada
Europe:
Germany
France
United Kingdom
Italy
Spain
Asia-Pacific:
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America:
Brazil
Rest of Latin America
Middle East and Africa:
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA

Eric Lee
Emergen Research
+91 90210 91709
sales@emergenresearch.com
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