Market Definition
The metagenomics market involves the study and application of metagenomics, a technique used to analyze genetic material recovered directly from environmental samples. Metagenomics enables researchers to study the diversity and function of microbial communities without the need for traditional culturing methods. This market includes various technologies and services related to DNA sequencing, bioinformatics, and data analysis used to understand microbial diversity, function, and interactions in various environments, including soil, water, and the human microbiome.
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Market Outlook
The metagenomics market is experiencing significant growth due to the increasing applications of metagenomics in environmental monitoring, agriculture, and healthcare. The rising awareness of the role of microbial communities in health and disease, combined with advancements in sequencing technologies and bioinformatics, is driving demand for metagenomic analyses.
Technological advancements are a major factor influencing market growth. Next-generation sequencing (NGS) technologies have revolutionized metagenomics by providing high-throughput, cost-effective, and accurate sequencing capabilities. These advancements allow for comprehensive analysis of complex microbial communities, enabling researchers to uncover new microbial species, study microbial interactions, and identify biomarkers for various diseases. The integration of bioinformatics tools and software for data analysis is also enhancing the ability to interpret and visualize metagenomic data.
The growing interest in the human microbiome and its impact on health and disease is further driving market growth. Metagenomics is being increasingly used to explore the role of the microbiome in conditions such as obesity, diabetes, and inflammatory bowel disease, as well as to identify potential therapeutic targets and personalized treatment options. In agriculture, metagenomics is being utilized to improve soil health, crop yield, and pest management by understanding soil microbial communities and their interactions.
Government initiatives and funding are also contributing to market expansion. Many governments and research organizations are supporting metagenomics research through grants and collaborative projects aimed at advancing our understanding of microbial communities and their applications. The increasing availability of public and private funding for research and development is expected to drive further innovation and growth in the metagenomics market.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
The report analyses the global metagenomics Market based on product, technology, application, and region.
Global Metagenomics Market by Product
Based on Product, the market is bifurcated into Kits & Reagents, Sequencing & Data Analytics Services, and Software. Kits and reagents dominate the metagenomics market with the largest share in 2022. A variety of reagents are employed in sequencing during the experimental preparation of the sample. The market comprises established companies such as F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific, and Illumina Inc. with a wide range of reagents to match the requirements in sequencing.
On the other hand, sequencing and data analytics services are estimated to report the fastest growth. This is attributed to the increase in the adoption of sequencing leads to a higher demand for data analysis platforms. Similarly, Companies are either providing services to perform metagenomics data interpretation or introducing products in the market so that research entities are involved in clinical practice. For instance, ArrayGen Technologies Pvt. Ltd. offers a wide range of NGS data analysis services in the field of cancer genomics, disease association studies, agriculture biotechnology, and personalized medicine. The company utilizes 454, Illumina, Ion-Torrent, SOLID, Nanopore, PacBio, and other platforms to provide services for de novo assembly of transcriptome and genome, metatranscriptome analysis, Comparative Genomics Analysis (CGA) & annotation, 16S/28S/ITS rRNA metagenomic analysis, and custom arrays for validation of NGS data.
Global Metagenomics Market by Technology
Based on the technology, the market is bifurcated into Shotgun Sequencing, 16S Sequencing, Whole Genome Sequencing, Others. The shotgun sequencing segment is projected to register a substantial CAGR from 2022 to 2032. Numerous academic institutions and research centers are adopting technology for their genetic studies. For instance, in July 2022, an article published on the portal of Arthritis & Rheumatology stated that the background of genetics along with disease activity impacts the composition of gut microbiota. The study performed shotgun sequencing to derive the conclusion.
Whole genome sequencing, on the other hand, has projected significant growth in the industry during the forecast period. Companies are making focused efforts to expand their business operations in the clinical rare disease diagnosis space. For instance, in June 2021, Rady Children’s Institute for Genomic Medicine partnered with Pacific Biosciences for research related to whole-genome sequencing. The initiatives aim to detect possible disease-causing genetic variants and increase the solve rates of rare disorders.
Global Metagenomics Market by Application
Based on the application, the market is bifurcated into Environmental, Clinical Diagnostics, Drug Discovery, Biotechnology, Food & Nutrition, Others. The environmental segment captured the highest revenue share in 2021. Metagenomics research is rapidly developing its space in agriculture and environmental protection. Metagenomics is a new technique to understand microorganisms received from a particular environment through sequencing analysis or gene screening. According to the research conducted by Capital Medical University and Peking University Ditan Teaching Hospital in December 2021, next-generation sequencing and third-generation sequencing have showcased the advantages of rapid identification of pathogenic microorganisms. Furthermore, clinical diagnostics is the emerging application of metagenomics with the fastest CAGR during the forecast period. Along with the diagnostics of infectious diseases, the adoption of metagenomics in clinical laboratories is also increasing and various applications have been incorporated into a regular practice of clinical.
Major Players
The key players in the Metagenomics Market are Bio-Rad Laboratories; Illumina, Inc.; PerkinElmer, Inc.; Thermo Fisher Scientific, Inc.; Novogene Co., Ltd.; Promega Corporation; QIAGEN; Takara Bio, Inc.; Oxford Nanopore Technologies; and F. Hoffmann-La Roche Ltd., among others.
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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