Metagenomic Sequencing Market Growth Outlook: Trends, Market Size, and Opportunities Over the Next Decade
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of theMetagenomic Sequencing Market?
The rise in the incidence of infectious diseases is anticipated to fuel the expansion of the metagenomic sequencing market. Infectious diseases, caused by harmful microorganisms such as bacteria, viruses, parasites, or fungi, can disseminate from one individual to another either directly or indirectly. Increased instances of conditions that impair the immune system, including HIV/AIDS, cancer treatments, and autoimmune disorders, may heighten an individual’s vulnerability to infectious diseases. Metagenomic sequencing provides a robust and adaptable method for researching infectious diseases, yielding critical insights into the variety of pathogens, transmission dynamics, antimicrobial resistance, and outbreak monitoring. For example, a report by the Government of Canada in January 2023 indicated that 135 and 159 rabies samples were submitted in October and November 2022, respectively. Moreover, the Centers for Disease Control and Prevention, a US government agency, reported in March 2023 that tuberculosis (TB) cases in the US rose by 5.9% from 7,874 cases in 2021 to 8,331 cases in 2022. Therefore, the escalating occurrence of infectious diseases is propelling growth in the metagenomic sequencing market.
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How Will the Growth Rate of theMetagenomic Sequencing Market Impact Industry Trends by 2034?
The market size for metagenomic sequencing has seen substantial growth lately. Forecasts indicate that the market will expand from a value of $2.13 billion in 2024 to approximately $2.5 billion in 2025, consistent with a compound annual growth rate (CAGR) of 17.5%. The expansion in the preceding phase can be credited to various factors, such as growing government participation, an increase in metagenome sequencing research projects, wider application of metagenomics in genomics and diagnostic studies, availability of funds for research and progression in Next Generation Sequencing (NGS) data examination tools.
In the forthcoming years, the metagenomic sequencing market is forecasted to undergo rapid expansion, with projections placing its value at $4.71 billion by 2029, reflecting a compound annual growth rate (CAGR) of 17.1%. This anticipated growth during the forecasted period can be linked to diminishing computational expenses, increased emphasis on identifying original biomolecules of interest, greater application of high-throughput sequencing technologies, enhanced demand for personalized medicine and disease identification, and a surging prevalence of infectious diseases. Predominant trends for the forecasted period incorporate inventive technologies, the use of advanced genomic technologies by metagenomics, heightened R&D funding, developments in sequencing technology, as well as the utilisation of big data for NGS data analysis.
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What Key Market Trends and Innovations Are Shaping the Future of theMetagenomic Sequencing Industry?
Top firms in the metagenomic sequencing market are placing emphasis on the innovation of sequencing services in order to enhance sequencing accuracy, throughput, and cost-effectiveness. Sequencing services denote progressive genomic technologies that facilitate the sequencing of extended DNA fragments, thereby offering a more detailed perspective of genetic structures compared to conventional short-read techniques. To illustrate, in April 2024, Clinical Microbiomics A/S, a biotechnology firm based in Denmark, introduced advanced long-read sequencing services. These include 16S, ITS, 18S rRNA, custom gene sequencing, and comprehensive genomics and metagenomics, delivering unrivalled precision and quality in microbial analysis. This allows for extensive understanding of microbial communities and paves the way for the development of high-quality metagenome-assembled genomes.
Which Companies Are Leading the Charge in Expanding theMetagenomic Sequencing Market Growth?
Major companies operating in the metagenomic sequencing market are F. Hoffmann-La Roche Ltd., Thermo Fisher Scientific Inc., Merck Co. & KGaA, Eurofins Scientific SE, PerkinElmer Inc., Illumina Inc., Bio-Rad Laboratories Inc., QIAGEN N.V., Beijing Genomics Institute Group, Azenta Inc., Promega Corporation, Novogene Co. Ltd., Oxford Nanopore Technologies plc, Zymo Research Corporation, Metagenomi Inc., Psamogen Inc., IntegraGen SA, Karius Inc., DNAStar Inc., Macrogen Inc., Takara Bio Inc., Arc Bio LLC, Microsynth AG, Computomics GmbH, COSMOSID Inc., Phase Genomics Inc., Era7 Bioinformatics GmbH
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How is the Global Metagenomic Sequencing Market Segemented?
The metagenomic sequencing market covered in this report is segmented –
1) By Product And Service: Reagents And Consumables, Instruments, Sequencing Services, Analysis And Data Interpretation Solutions
2) By Technology: 16S Rrna Sequencing, Shotgun Metagenomic Sequencing, Whole-Genome Sequencing And De Novo Assembly, Metatranscriptomics
3) By Application: Clinical Diagnostic, Environmental Remediation, Gut Microbe Characterization, Drug Discovery, Biofuel, Agriculture, Other Applications
Subsegments:
1) By Reagents And Consumables: DNA Or RNA Extraction Kits, Library Preparation Kits, Sequencing Kits, PCR And qPCR Reagents, Other Consumables (Buffers, Probes)
2) By Instruments: Next-Generation Sequencers (NGS), Third-Party Sequencers, Microarrays, Real-Time PCR Instruments
3) By Sequencing Services: Whole Genome Sequencing (WGS), 16S rRNA Sequencing, Shotgun Metagenomic Sequencing, Amplicon Sequencing, Metatranscriptomic Sequencing
4) By Analysis And Data Interpretation Solutions: Bioinformatics Software, Cloud-Based Data Analysis Services, Data Storage Solutions, Custom Analysis Tools, Data Interpretation Platforms
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Which Geographics are Influencing the Growth of the Metagenomic Sequencing Market?
North America was the largest region in the metagenomic sequencing market in 2023. Asia-Pacific is expected to be the fastest growing region in the market. The regions covered in the metagenomic sequencing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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