Discover trends, market shifts, and competitive outlooks for the metagenomic sequencing industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

What Is the Estimated Market Size of the Metagenomic Sequencing Market In 2029?

The market size for metagenomic sequencing has witnessed a substantial upswing in the past few years. Its growth is projected to escalate from $2.13 billion in 2024 to $2.5 billion in 2025, with a compound annual growth rate (CAGR) of 17.5%. Factors like increased government participation, an escalation in the number of metagenome sequencing research initiatives, the expanding usage of metagenomics in genomics and diagnostic research, the accessibility of funds for research, and the evolution of Next Generation Sequencing (NGS) data analysis instruments have all contributed to its historical growth.

Over the coming years, the metagenomic sequencing market is predicted to experience a significant increase, growing to $4.71 billion by 2029, with a compound annual growth rate of 17.1%. Factors that contribute to this growth include reducing costs of computational resources, an increased emphasis on uncovering new biomolecules of interest, a rise in the use of high-throughput sequencing technologies, a need for personalized medicine and disease diagnosis, and a higher occurrence of infectious diseases. Future trends to watch for during this period include emerging technologies, the application of advanced genomic technologies in metagenomics, increased funding for research and development, advancements in sequencing technology, and the use of big data for analyzing NGS data.

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What Are the Core Market Drivers Propelling Growth in the Metagenomic Sequencing Industry?

The metagenomic sequencing market’s expansion is projected to be driven by an escalation in the occurrence of infectious diseases. These diseases are conditions induced by infectious microorganisms like bacteria, viruses, fungi, or parasites that can be transferred from one individual to another, either directly or indirectly. A rise in the prevalence of illnesses compromising the immune system such as HIV/AIDS, cancer therapies, and autoimmune diseases can render individuals more vulnerable to infectious diseases. Metagenomic sequencing is a versatile and effective method for examining infectious diseases, offering important perspectives on microbial diversity, transmission tendencies, antimicrobial resistance, and outbreak inspection. For instance, the Government of Canada reported in January 2023 that 135 rabies samples were submitted in October 2022 and 159 in November 2022. Additionally, according to the US government agency, the Centers for Disease Control and Prevention, reported in March 2023 that the incidence of tuberculosis (TB) in the US saw a 5.9% rise from 7,874 cases in 2021 to 8,331 cases in 2022. As such, the spike in the incidence of infectious diseases is fueling progress in the metagenomic sequencing market.

What Segment Types Define the Metagenomic Sequencing Market Structure?

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 Regions Are Driving the Next Phase of the Metagenomic Sequencing Market Growth?

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.

What Are the Key Market Trends in the Metagenomic Sequencing Market Over the Coming Years?

Leading businesses in the metagenomic sequencing market are concentrating on upgrading sequencing services to enhance sequencing precision, capacity, and cost efficiency. These innovative services utilize avant-garde genomic technologies to sequence longer DNA fragments, offering a more thorough understanding of genetic structures as compared to conventional short-read methods. For example, in April 2024, Denmark’s biotech firm Clinical Microbiomics A/S, introduced superior long-read sequencing services. This suite of services, encompassing 16S, ITS, 18S rRNA, custom gene sequencing, and extensive genomics and metagenomics, delivers unmatched resolution and quality in microbial assessment. This allows for profound insights into microbial communities and aids in the generation of superior-quality metagenome-assembled genomes.

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What Is the Definition of the Metagenomic Sequencing Market?

Metagenomic sequencing is a technique used to analyze the genetic material from an entire community of microorganisms found in a specific environment, without the need for culturing individual species. The method involves the extraction of DNA directly from environmental samples, such as soil, water, or the human gut. The extracted DNA is then sequenced using high-throughput sequencing technologies.

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