Global Metagenomic Sequencing Market Set For Modest Growth, To Reach Around USD 6.21 Billion by 2032

Zion Market Research has published a new report titled “Metagenomic Sequencing Market by Product and Service (Instruments, Reagents & Consumables, Analysis & Data Interpretation Solutions and Services); by Workflow (Data Processing & Analysis, Sequencing, and Sample Processing & Library Preparation); by Technology (16S rRNA Sequencing, Shotgun Metagenomic Sequencing, Whole-genome Sequencing & De Novo Assembly and Metatranscriptomics); for Clinical Diagnostics, Drug Discovery, Soil Microbiome Applications, Environmental and Ecological Applications, Veterinary and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2024– 2032”. According to the report, global demand for metagenomic sequencing market was valued at approximately USD 1.99 billion in 2023, and is expected to generate revenue of around USD 6.21 billion by end of 2032, growing at a CAGR of around 13.50% between 2024 and 2032.

Browse the full “Metagenomic Sequencing Market: by Product and Service (Instruments, Reagents & Consumables, Analysis & Data Interpretation Solutions and Services); by Workflow (Data Processing & Analysis, Sequencing, and Sample Processing & Library Preparation); by Technology (16S rRNA Sequencing, Shotgun Metagenomic Sequencing, Whole-genome Sequencing & De Novo Assembly and Metatranscriptomics); for Clinical Diagnostics, Drug Discovery, Soil Microbiome Applications, Environmental and Ecological Applications, Veterinary and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2024- 2032” Report at https://www.zionmarketresearch.com/report/metagenomic-sequencing-market

The study provides a decisive view on the metagenomic sequencing by segmenting the market based on workflow, product and service, technology, application and region. All the segments of metagenomic sequencing market have been investigated based on current and forecast demand and trends and the market is forecasted from 2024 to 2032.

Metagenomics is process of generation of metagenome. Metagenomics is a molecular tool for analyzing genetic material collected from community of environmental samples. Functional metagenomics tool is used for genomic analysis and correlation with particular functions of unculturable microbes in the environment. Population genome analysis of previously unknown microorganisms allows researcher to study ecology, virology, biomedical research, microbiology, environmental sciences, etc. and offers valuable insights on community biodiversity and function.

Metagenomics sequencing market is driven by increasing use in large number of applications such as ecology, environmental, virology, drug discovery, industrial applications etc. Additionally, government initiatives, supporting funds to large scale projects of sequencing and declining prices of sequencing products and services support the metagenomics sequencing market growth. However, lack of skilled professionals, lack of funding in developing regions may hamper the market growth in the coming years. Introduction of cloud based data management solutions are expected to bring act as growth opportunities for major players in metagenomics sequencing market.

The global metagenomic sequencing market is categorized based on technology, workflow, product and service, application and region. Based on product and service, metagenomic sequencing market is categorized into reagents & consumables, instruments, analysis & data interpretation solutions, and services. High uptake of reagents & consumables for metagenomic sequencing projects has resulted in strong commercial sales and thus reagents & consumables segment dominated market in 2018. Demand for new and advanced instruments is supported by technological advancements. On the other hand cost effective outsourcing services are estimated to fuel high growth of services segment in the coming years.

Based on workflow segment market is segmented into sequencing, data processing & analysis, and sample processing & library preparation. Sample processing & library preparation was leading workflow segment in 2018. Sequencing segment is projected to register highest CAGR in the coming years due to advancements in the next generation sequencing approaches. On the other hand, dearth of trained professionals may lead to slower growth of data processing and analysis workflow segment in the coming years.

The technology segment is bifurcated into metatranscriptomics, 16S rRNA sequencing, de novo assembly & whole-genome sequencing, and shotgun metagenomic sequencing. Growing adoption of shotgun metagenomic sequencing has led to rapid growth of shotgun metagenomic sequencing.

Based on applications market is segmented into environmental and ecological applications, clinical diagnostics, soil microbiome applications, drug discovery, veterinary and other applications. Clinical diagnostics and industrial applications segment are projected to register rapid growth in the coming years whereas drug discovery application segment garnered largest market share in 2018. 

At regional level, North America was largest regional market for global metagenomic sequencing market in 2018. Availability of developed R&D infrastructure, surge in private and public investment in NGS projects and government funding/grants are some of factors that support market growth in this region. Europe was second largest regional market. This is due to favorable government funding and growing investments in NGS technologies. Asia Pacific region is projected to register highest growth in the coming years as key players in the market are focusing on business expansion in emerging markets like India, China etc. Latin America and Middle East and Africa are estimated to register moderate and steady growth over the forecast period.

Major players included in the report are Thermo Fisher Scientific, Inc., PerkinElmer, Illumina, Inc., BGI Group, GENEWIZ, Macrogen Inc., Eurofins Scientific, QIAGEN N.V., NuGEN Technologies, Inc., Novogene Corporation, Oxford Nanopore Technologies Ltd., Microsynth AG, Zymo Research Corporation, IntegraGen SA, and DNAStar, Inc.

The report segment of global metagenomic sequencing market as follows:

Global Metagenomic Sequencing Market: By Product & Service

• Reagents & Consumables
• Instruments
• Services
• Analysis & Data Interpretation Solutions

Global Metagenomic Sequencing Market: By Workflow

• Sample Processing & Library Preparation
• Sequencing
• Data Processing & Analysis

Global Metagenomic Sequencing Market: By Technology

• Shotgun Metagenomic Sequencing
• 16S rRNA Sequencing
• Metatranscriptomics
• Whole-genome Sequencing & De Novo Assembly

Global Metagenomic Sequencing Market: By Application

• Drug Discovery
• Clinical Diagnostics
• Soil Microbiome Applications
• Industrial applications
• Ecological and Environmental Applications
• Veterinary Applications
• Other Applications

Global Metagenomic Sequencing Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

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