- Metagenomics has been put in a lead role for accelerating the process of manufacturing drugs and vaccines for the novel coronavirus, thus bringing exponential growth for the metagenomics market across the forecast period of 2020-2030
- The global metagenomics market is expected to record a high CAGR during the assessment period of 2020-2030
ALBANY, N.Y., Sept. 21, 2020 /PRNewswire/ -- Metagenomics is the study of microbes in their natural living environment and involves complex microbial communities in which they usually exist. Swift advancements in genomic technologies have widened the growth prospects of the metagenomics market greatly and are also expected to garner growth between 2020 and 2030 on the same grounds.
Considering the aforementioned factors, the global metagenomics market is expected to record a healthy CAGR during the forecast period of 2020-2030. The global metagenomics market was valued at US$ 1.3 bn in 2019.
Metagenomics analysis platforms are riding on the waves of immense popularity among the researchers for conducting metagenomics sequencing to find the closest genome to SARS-CoV-2. In addition, metagenomics also plays a vital role in curing neuroinfectious diseases. This aspect may bring tremendous growth opportunities.
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Metagenomics Market: Analysts Opinion
The analysts at Transparency Market Research (TMR) highlight the growing influence of integrated bioinformatics tools in inviting expansive growth for the metagenomics market. Advanced metagenomics analysis platforms are transforming the concept of automated placement of COVID-19 with the closest known viruses into reality according to the TMR analysts.
Microbial ecologists are using shotgun metagenomics greatly to assess microbial diversity in soil, posing a good growth opportunity for the metagenomics market according to analysts. However, limited sequence assembly from intensely complex samples proves to be an obstacle for the microbial ecologists. The analysts advise the players to increase awareness about flow cytometry-enabled mini- metagenomics to assist microbial ecologists to capture expanded microbial diversity from forest soil.
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Metagenomics Market: Prominent Findings
- Drug discovery revenue is prognosticated to reach from ~22 percent in 2019 to ~26 percent by the end of 2030 in the metagenomics market
- The instruments segment is extrapolated to record a notable share of the metagenomics market
- In terms of technology, the 16S sequencing segment acquired a significant share in 2019
- The clinical diagnostics segment held a major share of the global metagenomics market in regards to application in 2019
- North America emerged as a champion in terms of regional growth contribution in 2019
- Europe is expected to expand at an impressive CAGR between 2020 and 2030
Explore 198 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Metagenomics Market (Product Type: Instruments, Kits & Reagents, and Software & Services; Technology: 16S Sequencing, Whole Genome Sequencing, Shotgun Sequencing, and Others; and Application: Ecology & Environment, Clinical Diagnostics, Drug Discovery, Biotechnology, Food & Beverages, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030 at https://www.transparencymarketresearch.com/report-toc/52695
Metagenomics Market: Growth Propellers
State-of-the-art tools such as the Integrated Microbial Genome are expected to accelerate the workflow of metagenomics. This aspect may serve as a prominent growth generator for the metagenomics market.
- Magnifying research and development activities are bringing immense growth prospects for the metagenomics market
- Advancements in terms of sequencer instruments development and the presence of data analysis software are serving as growth multipliers for the metagenomics market
- Soaring demand for safe food production and preservation is giving a Midas touch to the growth of the metagenomics market
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Metagenomics Market: COVID-19 Impact
Metagenomics has been playing a crucial role in the development of an efficient COVID-19 vaccine or drug. Clinical metagenomics is changing the diagnostic landscape. The ability to monitor the virus in real-time and assistance in matching the COVID-19 genome may bring promising insights for developing a good COVID-19 vaccine. Therefore, the metagenomics analysis platforms may observe great demand during the pandemic.
Metagenomics Market: Key Players
Some well-entrenched players in the metagenomics market are TAKARA BIO INC., Promega Corporation, Danaher QIAGEN, Oxford Gene Technology Inc., ELITechGroup, and Thermo Fisher Scientific Inc.
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Global Metagenomics Market: Segmentation
By Product Type
- Kits & Reagents
- Software & Services
- By Technology
- 16S Sequencing
- Whole Genome Sequencing
- Shotgun Sequencing
- Ecology & Environment
- Clinical Diagnostics
- Drug Discovery
- Food & Beverages
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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