At an estimated value of over USD 275.3 million in 2019, the Global Metagenomics Market is predicted to thrive at a CAGR of 14.5% and valued at over USD 1.22 billion over the forecast year 2020-2030.
Metagenomics encompasses various studies that use bioinformatic tools as well as sequencing technologies to attain valuable understanding on the varieties in the microbial community and microbes’ interaction in a community. These studies are making advancements across environmental & clinical microbiology, despite considerable barriers such as difficulty to enable a microbial culture, which is a method of multiplying microbial organisms. The technologies in metagenomics have allowed enhanced understanding of the microbial ecosystem along with the role of microbiology in the geochemical cycles. This has led to the understanding of the enormous microbial diversity for researchers, fueling the global market growth.
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Top Companies: Agilent Technologies, Inc., F. Hoffmann-La Roche Ltd., Enterome SA, Illumina, Inc., Pacific Biosciences of California, Inc., Oxford Nanopore Technologies Ltd., PerkinElmer, Inc., Swift Biosciences, Inc., Qiagen N.V., Thermo Fisher Scientific, Inc and others.
The global metagenomics market share is segmented on the basis of product, technology, application, and geography. On the basis of product type, the market is categorized into instrument & software and consumable. On the basis of technology, the market is segmented into bioinformatics and sequencing. On the basis of application, the market is segmented into infectious disease diagnosis, environmental remediation, biotechnology, gut microbe characterization, biofuel, and agriculture. Geographic fragmentation and analysis of each segment includes regions comprising North America, Europe, Asia Pacific and RoW.
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In terms of geography, North America held major share of the market in 2019. This is due to the growing adoption of DNA sequencing across metagenomic applications in the region. In addition, surge in the implementation of novel sequencing technologies across the region has significantly contributed to its dominance. However, Asia pacific is expected to grow rapidly with increasing market size due to the significant patient pool as well as the rapidly evolving healthcare infrastructure in countries such as China, India, and Japan.
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