Metagenomics Market Forecast 2024-2033: Anticipated Size and Growth Trends
Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!
2024-2033 Metagenomics Market: What Growth Rate is Predicted?
The size of the metagenomics market has seen a swift increase in recent years. It’s expected to expand from $1.72 billion in 2023 to $2 billion in 2024, delivering a compound annual growth rate (CAGR) of 16.0%. The surge in growth during the historical period can be linked to the progress of microbiome research, disease association studies, the requirement for environmental monitoring, agricultural and food applications, and processes in biotechnology and industry.
In the coming years, a swift expansion is anticipated in the metagenomics market, which is projected to rise to $3.43 billion in 2028, propelled by a compound annual growth rate (CAGR) of 14.5%. The acceleration in growth during the predicted period can be ascribed to the integration of precision medicine, comprehension of microbial ecology, the one health approach, bioprospecting and novel drug discovery, and breakthroughs in diagnostics and therapeutics. Key trends during the forecast period involve advancements in sequencing technology, incorporation of artificial intelligence and machine learning, single-cell metagenomics, standardization of metagenomic data, and a focus on consumer health and personalized nutrition.
Claim Your Free Sample of the Global Metagenomics Market Report Today!
https://www.thebusinessresearchcompany.com/sample.aspx?id=10815&type=smp
What Aspects Are Driving the Expansion of the metagenomics Market?
The escalation in the occurrences of infectious illnesses plays a substantial role in propelling the metagenomics market forward. These illnesses, alternatively known as transmissible diseases, arise from pathogenic microorganisms such as bacteria, viruses, fungi, and parasites, which can spread through various modes of transmission, including person-to-person contact. Metagenomics provides a platform to investigate these diseases by scrutinizing the genetic makeup of microbial communities. It facilitates a thorough study of microbial communities affiliated with infectious agents, thereby shedding light on their structure, genetic variations, and prospective interactions. As per an article by the Pan American Health Organization, a US-based division of the United Nations, in October 2022, almost 10.6 million individuals were reported to have contracted tuberculosis (TB) in 2021. Consequently, the rising trend of infectious diseases is catalyzing the expansion of the metagenomics market.
What Are the Significant Segments of the Metagenomics Market?
1) By Product: Instruments, Kits And Reagents, Software And Services
2) By Workflow: Sequencing, Pre-Sequencing, Data Analysis
3) By Application: Environmental, Clinical Diagnostics, Drug Discovery, Biotechnology, Food And Nutrition, Other Applications
4) By End User: Pharmaceutical Industries, Research Laboratories, Biotechnology Companies, Pathology Laboratories, Academic And Research Institutes
What Trends Are Influencing the Evolution of the Metagenomics Market?
The metagenomics market is witnessing an increasing trend in technological advancements. Key players in this market are aggressively adopting new genomics technologies in order to enhance their analytical capabilities and maintain their market standing. For example, CD Genomics, a genomics services company from the US, introduced Long-Read Metagenomic Sequencing service in May 2023. Using this state-of-the-art technology, it’s now possible for researchers and scientists to delve into the intricacies of microbial communities with unparalleled precision and depth. By leveraging CD Genomics’ innovative technology and genomics expertise, clients can inaugurate a new epoch in the field of metagenomics research. Notable features include superior resolution, species identification, functional annotation, and comparative analysis. This cutting-edge method is poised to revolutionize metagenomics research by providing previously inaccessible insights into microbial communities.
Order Now for Fast Delivery of Your Metagenomics Market Report!
https://www.thebusinessresearchcompany.com/report/metagenomics-global-market-report
Which Geographic Areas Are Influencing the Growth of the Metagenomics Market?
North America was the largest region in the global metagenomics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the metagenomics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Metagenomics Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the metagenomics market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Metagenomics Market Include
1. Metagenomics Market Executive Summary
2. Metagenomics Market Segments
3. Metagenomics Market Size And Template Market Growth Rate
4. Key Metagenomics Market Trends
5. Major Metagenomics Market Drivers
……
25. Key Mergers And Acquisitions In The Metagenomics Market
26. Top Metagenomics Companies
27. Metagenomics Market Opportunities And Strategies
28. Metagenomics Market, Conclusions And Recommendations
29. Appendix
Discover Related Reports by The Business Research Company:
Stamped Metal Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/stamped-metal-global-market-report
Metal And Mineral Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/metal-and-mineral-global-market-report
Coated Engraved And Heat Treated Metal Products Global Market Report 2024
Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
