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What key factors are powering the surge in the metagenomics market right now?

The size of the metagenomics market has experienced rapid expansion in the recent past. Anticipated to increase from $2.01 billion in 2024 to $2.32 billion come 2025, it boasts a compound annual growth rate (CAGR) of 15.4%. This notable increase during the historic period is a result of advancements in microbiome research, studies related to disease association, requirements in environmental monitoring, applications in agriculture and food industry, as well as processes in biotechnology and industrial sectors.

How fast Is the metagenomics market expected to grow, and what’s its future value?

In the upcoming years, a swift escalation is anticipated in the size of the metagenomics market. It is predicted to expand to “$4 billion by 2029, progressing at a compound annual growth rate (CAGR) of 14.7%. The projected growth during this period can be attributed to factors like the integration of precision medicine, comprehension of microbial ecology, implementation of one health policies, bioprospecting, and the discovery of new drugs, along with diagnostic and therapeutic advancements. Among the significant trends anticipated during this forecast period are advancements in sequencing technology, incorporation of AI and machine learning, single cell metagenomics, standardization of metagenomic data, and an increased focus on consumer wellness and personalized nutrition.

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What are the leading drivers of growth in the metagenomics market?

The escalating occurrence of infectious diseases is playing a significant role in fueling the metagenomics market expansion. These transmissible diseases stem from pathogenic microorganisms like bacteria, viruses, fungi, and parasites, and they can spread from one individual to another or via different transmission routes. Metagenomics aids in examining infectious diseases by scrutinizing the genetic constituents of microbial assemblies. It enables an extensive exploration of microbial networks linked to infectious agents, shedding light on their make-up, genetic variance, and potential interplays. For example, a report issued by the UK Health Security Agency, a governmental organization based in the UK, in February 2024 revealed a surge of 10.7% in tuberculosis (TB) cases in England in 2023, recording 4,850 instances against 4,380 in 2022. Hence, the growing prevalence of infectious diseases serves as a propellant for the expansion of the metagenomics market.

What are the key segments defining the metagenomics market?

The metagenomics market covered in this report is segmented –

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

Subsegments:

1) By Instruments: DNA Sequencers, PCR Machines, Microarray Systems, Mass Spectrometers

2) By Kits And Reagents: DNA Extraction Kits, Library Preparation Kits, Amplification Kits, Sequencing Reagents

3) By Software And Services: Data Analysis Software, Bioinformatics Services, Cloud-Based Data Storage, Consultation Services

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Who are the key players steering the development of the metagenomics market?

Major companies operating in the metagenomics market include Illumina Inc., Promega Corporation, Qiagen N.V., Thermo Fisher Scientific Inc., Perkin Elmer Inc., Bio-Rad Laboratories Inc., F. Hoffmann-La Roche Ltd., Novogene Co. Ltd., Oxford Nanopore Technologies Limited, BGI Group, Eurofins Scientific SE, Arc Bio LLC, Computomics GmbH, Enterome Bioscience, TAKARA BIO INC., Danaher Corporation, ELITechGroup, Metagenomi, Cosmosid Inc., Pattern Ag, Tiny Health, MATIS OHF, Adapsyn Bioscience, Precidiag Inc., One Codex Inc., MetaBi Inc., Zymo Research Corporation, Bluebee Holding BV, Maverix Biomics Inc., Lucigen Corporation

What emerging trends are influencing the growth of the metagenomics market?

The latest trends in the metagenomics market are predominantly influenced by significant technological advancements. Companies at the forefront of this market are heavily invested in adopting innovative genomic technologies to bolster their observational abilities and retain their market position. For example, CD Genomics, a leading genomics service provider from the United States, unveiled the Long-Read Metagenomic Sequencing service in May 2023. The cutting-edge technology combined with comprehensive genomic knowledge allows researchers and scientists to delve deeper into the intricate world of microbial communities with unprecedented accuracy. By opting for CD Genomics’ avant-garde technology, clients can usher in a revolutionary period of metagenomics research. Enhanced resolution, precise species identification, functional annotation, and comparative analysis form the cornerstone of this service’s features. It is anticipated that this progressive approach will reshape metagenomics research by providing unprecedented insights into microbial communities.

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Which regions are most influential in expanding the metagenomics market?

North America was the largest region in the global metagenomics market in 2024.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

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