USD 225.06 billion
Global Metagenomic Sequencing Market Size, Share, Growth Analysis, By End-user(Academic and research institutes, pharmaceutical and biotechnology companies), By Technology(Shotgun metagenomics, 16S rRNA sequencing), By Application(Environmental, clinical diagnostics) - Industry Forecast 2024-2031
Report ID:
SQMIG35H2138 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
92 |
Figures:
76
Global Metagenomic Sequencing Market Insights
Metagenomic Sequencing Market size was valued at USD 225.06 billion in 2022 and is poised to grow from USD 5.41 billion in 2023 to USD 8.69 billion by 2030, at a CAGR of 7% during the forecast period (2023-2030).
The global metagenomic sequencing market is experiencing significant growth and advancements, driven by the increasing demand for studying complex microbial communities and their impact on human health, environmental ecosystems, and industrial processes.
This market encompasses various applications such as clinical diagnostics, agricultural research, environmental monitoring, and drug discovery. The emergence of next-generation sequencing technologies, coupled with decreasing sequencing costs, has accelerated the adoption of metagenomic sequencing across academic institutions, research organizations, and pharmaceutical companies.
Additionally, the rising prevalence of infectious diseases and the need for personalized medicine are fueling market expansion.
However, challenges regarding data analysis, standardization, and privacy concerns may hinder market progression.
US Metagenomic Sequencing Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
academic and research institutes
Fastest Growth
academic and research institutes
Growth Rate
7% CAGR
Global metagenomic sequencing market by region
Country Share for North America (%)
Global metagenomic sequencing market by end user
Global metagenomic sequencing market by end user
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Global Metagenomic Sequencing Market Segmental Analysis
The global metagenomic sequencing market can be segmented based on technology, application, end user, and region. In terms of technology, it includes shotgun metagenomics, 16S rRNA sequencing, whole-genome sequencing, and others. The market's application segments comprise environmental, clinical diagnostics, pharmaceuticals, and others. End users of metagenomic sequencing are categorized as academic and research institutes, pharmaceutical and biotechnology companies, and hospitals and clinics. Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Metagenomic Sequencing Market Analysis by End user
Academic research institutions are utilizing metagenomic sequencing to explore microbial communities and study their impact on human health and the environment. Pharmaceutical and biotechnology companies are leveraging metagenomic sequencing to discover novel drug targets and develop personalized therapies.
Healthcare providers are increasingly employing metagenomic sequencing for diagnostics and disease monitoring, enabling targeted treatment strategies. Additionally, the agriculture and food industry are embracing metagenomic sequencing for quality control, ensuring product safety and identifying beneficial microbes. The expanding end-user base across multiple sectors highlights the broad potential and increasing demand for metagenomic sequencing technologies.
Metagenomic Sequencing Market Analysis By Technology
The global metagenomic sequencing market has witnessed significant growth due to advancements in sequencing technologies. Next-generation sequencing (NGS) techniques, such as Illumina sequencing, have emerged as the dominant technology, enabling researchers to analyze complex microbial communities in a cost-effective and high-throughput manner. The widespread adoption of NGS platforms has led to the development of metagenomic analysis tools and software, further driving market growth.
Additionally, the emergence of long-read sequencing technologies, such as Oxford Nanopore and PacBio, has provided researchers with the ability to generate more comprehensive and accurate metagenomic data. With ongoing technological advancements and increasing research activities in microbiology and environmental sciences, the global metagenomic sequencing market is poised for continued expansion.
Global metagenomic sequencing market by end user, 2023 (%)
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Global Metagenomic Sequencing Market Regional Insights
The global metagenomic sequencing market has witnessed significant regional variations in recent years. North America has emerged as a prominent market due to the presence of well-established biotechnology and pharmaceutical companies, coupled with extensive research and development activities. Europe follows closely, driven by the rising demand for personalized medicine and advancements in sequencing technologies. The Asia-Pacific region showcases substantial growth potential, attributed to increasing investments in genomics research and a growing healthcare infrastructure. Additionally, emerging economies in Latin America and the Middle East are also witnessing an upsurge in metagenomic sequencing, fueled by government initiatives and collaborations with global players, further expanding the market's geographical reach.
Global metagenomic sequencing market by geography, 2024-2031
- Largest
- Fastest
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Global Metagenomic Sequencing Market Dynamics
Metagenomic Sequencing Market Drivers
Demand for Personalized Healthcare
- One driver for the global metagenomic sequencing market is the increasing demand for personalized medicine and precision healthcare. Metagenomic sequencing enables the comprehensive analysis of microbial communities present in an individual's body, providing valuable insights into their unique microbiome composition and its impact on health. This information can be used to develop personalized treatment plans, predict disease risks, and identify appropriate therapies. The growing recognition of the microbiome's role in human health and the potential benefits of metagenomic sequencing have fueled the demand for this technology.
Metagenomic Sequencing Market Restraints
High Cost
- A significant restraint for the global metagenomic sequencing market is the high cost associated with the technology. Metagenomic sequencing involves complex sample preparation, data analysis, and interpretation, which require advanced equipment and expertise. The cost of sequencing and subsequent bioinformatics analysis can be substantial, making it challenging to implement on a large scale or in resource-limited settings. Additionally, the data generated from metagenomic sequencing is vast and requires sophisticated computational resources for analysis, further adding to the cost burden.
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Global Metagenomic Sequencing Market Competitive Landscape
The global metagenomic sequencing market is witnessing intense competition among key players, driven by advancements in sequencing technologies and increasing demand for microbiome analysis across various industries. Companies such as Illumina Inc., Thermo Fisher Scientific, Oxford Nanopore Technologies, Pacific Biosciences of California, and Qiagen N.V. dominate the market with their robust product portfolios, global presence, and strategic collaborations. These players focus on research and development activities to enhance their sequencing platforms' efficiency, accuracy, and throughput. Additionally, they actively engage in mergers, acquisitions, and partnerships to expand their market share and cater to the growing demand for metagenomic sequencing solutions globally.
Metagenomic Sequencing Market Top Player’s Company Profiles
- Illumina Inc. (United States)
- Thermo Fisher Scientific Inc. (United States)
- Pacific Biosciences of California, Inc. (United States)
- Qiagen N.V. (Netherlands)
- Oxford Nanopore Technologies Ltd. (United Kingdom)
- BGI Group (China)
- Roche Holding AG (Switzerland)
- 10x Genomics, Inc. (United States)
- Agilent Technologies, Inc. (United States)
- Bio-Rad Laboratories, Inc. (United States)
- Zymo Research Corporation (United States)
- PerkinElmer, Inc. (United States)
- Genewiz, Inc. (United States)
- Eurofins Scientific SE (Luxembourg)
- Macrogen Inc. (South Korea)
- GenapSys, Inc. (United States)
- Biomatters Ltd. (New Zealand)
- Novogene Corporation (China)
- Genomic Health, Inc. (United States)
- Genomic Vision (France)
Metagenomic Sequencing Market Recent Developments
- In August 2021, Valvoline Inc. and Haertol launched new coolants technology specifically designed for modern engines, Valvoline Antifreeze Coolant HT-12 Green and Valvoline Antifreeze Coolant HT-12 Pink. In July 2021, Castrol launched Castrol ON e-thermal fluid, an advanced new direct battery e-thermal fluid that will enable future generations of EVs to be charged more rapidly and offer increased performance, protection, and sustainability.
Global Metagenomic Sequencing Key Market Trends
- The global metagenomic sequencing market has witnessed significant growth with key trends shaping its trajectory. Rising demand for personalized medicine and disease understanding drives the adoption of metagenomic techniques in clinical and research settings. Advances in sequencing technologies and bioinformatics tools have improved data analysis and interpretation, enhancing the market's potential. Additionally, the application of metagenomic sequencing in environmental monitoring and agriculture further boosts market expansion. Moreover, collaborations between research institutions and biotechnology companies drive innovation and product development, attracting investment. However, challenges related to data management and standardization may influence market dynamics and require continuous attention for sustained growth.
Global Metagenomic Sequencing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis the global metagenomic sequencing market holds promising future prospects as it continues to revolutionize the field of genomics. Metagenomic sequencing, a technique used to analyze genetic material from diverse microbial communities, is gaining momentum due to its applications in various fields, including healthcare, agriculture, environmental monitoring, and industrial processes. The market is expected to witness significant growth driven by advancements in sequencing technologies, increased funding for research and development, and growing awareness of the importance of studying microbial communities for human health and disease. Furthermore, the expanding applications of metagenomic sequencing in personalized medicine, drug discovery, and microbiome research are likely to fuel market expansion. Additionally, the integration of artificial intelligence and machine learning algorithms with metagenomic data analysis tools is expected to enhance the efficiency and accuracy of data interpretation, opening up new avenues for innovation. Overall, the global metagenomic sequencing market is poised for substantial growth, offering immense opportunities for research institutions, biotechnology companies, and diagnostic laboratories to unlock the untapped potential of the microbial world.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 225.06 billion |
| Market size value in 2031 | USD 8.69 billion |
| Growth Rate | 7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Metagenomic Sequencing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Metagenomic Sequencing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Metagenomic Sequencing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Metagenomic Sequencing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Metagenomic Sequencing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Metagenomic Sequencing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Metagenomic Sequencing Market Report Snapshots
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