Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,527 Million | USD 3,843 Million | 10.8% | 2023 |
FrequentlyAsked Questions
A collection of microorganisms known as microbiomes reside on human bodies. They are present in the lips, saliva, skin, eyes, and digestive system. The human microbiome contains thousands of bacterial species and microorganisms together with their proteins, metabolites, and genes. To learn more about human microbes, microbiome sequencing is the study and examination of microbial communities that are present both within and outside of the human body. The study of the human gut's microbial composition and its consequences for health and disease development is the focus of microbiome sequencing and related methodologies. Finding out a patient's reaction to a certain treatment can be helped by this study.
The microbiome sequencing services market is anticipated to expand as a result of rising awareness of the application of microbiome sequencing technology and rising demand for microbiome sequencing services for early disease detection and diagnosis.
According to the report, the global microbiome sequencing services market size was worth around USD 1,527 million in 2023 and is predicted to grow to around USD 3,843 million by 2032.
The global microbiome sequencing services market is expected to grow at a CAGR of 10.8% during the forecast period.
The global microbiome sequencing services market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the presence of major players.
The global microbiome sequencing services market is dominated by players like Mérieux NutriSciences Corporation, Microbiome Insights Inc., Clinical-Microbiomics A/S, Baseclear BV, Second Genome, MR DNA, Zymo Research Corporation, Metabiomics Corp., Rancho BioSciences, Illumina, Inc., Thermo Fisher Scientific Inc., uBiome, Inc., Oxford Nanopore Technologies Ltd., QIAGEN N.V., BGI Genomics Co., Ltd., Diversigen Inc., Bio-Rad Laboratories, Inc., Microbiome Therapeutics, LLC, CosmosID Inc. and Molecular Research LP among others.
The microbiome sequencing services market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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