The global metagenomics market size is expected to reach USD
1.40 billion by 2025, according to a new report by Grand View Research, Inc.,
exhibiting a CAGR of 16.6% during the forecast period. Rise in demand for
microbial screening in food and chemical industries for commercial applications,
coupled with rapid developments in bioinformatics and biotechnology tools, is
anticipated to accelerate market growth in the coming years.
Key market participants are striving to
capitalize potential avenues in the market by addressing challenges faced by
research entities pertaining to data assembly, identification, and verification
of rare metagenomes. Furthermore, companies operating in the molecular
diagnostics and genomics arena are a playing crucial role in this market by
partnering with metagenomics companies for development of novel tests for
disease diagnosis.
For instance, in September 2017, IDbyDNA, Inc.
and ARUP Laboratories co-developed Explify Respiratory-a metagenomic NGS test
for screening of respiratory infections. The anticipated launch of many such
novel tests is projected to boost the market during the forecast period.
For full research report on Metagenomics Market
visit here:
https://www.grandviewresearch.com/industry-analysis/metagenomics-market
Further key
findings from the report suggest:
- Kits and reagents formed the largest segment
by product in 2017 owing to frequent usage at various steps in microbial
genomic studies
- Surplus growth in genomics database with
respect to types and numbers has led to rising demand for better data
analysis solutions. As a result, the sequencing and data analytics
services segment is expected to emerge as a lucrative source of revenue
generation during the forecast period
- Function driven technology held the major
revenue share in 2017. Development of new screening procedures that
facilitate rapid screening of large clone libraries has enabledfunctional
detection of novel enzymes from metagenomes
- Advancements in genetic tools have broadened
the application scope of metagenomics to include targeting microbes
responsible for inducing various cancer forms. This, in turn, is driving
the application of metagenomic analysis in human health
- North America dominated the market in 2017.
Strong presence of key NGS leaders like Illumina and a substantial number
of ongoing genomics-related studies in U.S. are major factors contributing
to its large share
- Some of the key competitors in the market are
Illumina, Inc.; Promega Corporation; Novogene Corporation; Oxford Gene
Technology, Inc.; Thermo Fisher Scientific, Inc.; TAKARA BIO INC.;
Danaher; QIAGEN; and ELITechGroup
- Acquisition of small players with a strong
product portfolio is a prominently adopted strategy by dominant players.
For instance, in August 2016, PerkinElmer acquired Bioo Scientific
Corporation-provider of 16S & 18S library preparation kits for
metagenome studies
- Competitors are also involved in
collaborations with bioinformatics companies for co-development of novel
platforms for metagenomics analysis.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/metagenomics-market/request/rs1
Grand
View Research has segmented the global metagenomics market on the basis of
product, technology, application, and region:
Metagenomics
Product Outlook (Revenue, USD Million, 2014 - 2025)
- Kits & Reagents
- Sequencing &
Data Analytics Services
- Others
Metagenomics
Technology Outlook (Revenue, USD Million, 2014 - 2025)
- Sequencing Driven
- Function Driven
Metagenomics
Application Outlook (Revenue, USD Million, 2014 - 2025)
- Environmental
- Human Health
- Others
Metagenomics
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- Middle East and
Africa (MEA)
- South Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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