Metagenomic Sequencing Market Growth Status, Regional Trends Forecast To 2028

According to Precision Business Insights (PBI), the latest report, the Metagenomic Sequencing Market is expected to be valued at USD 1,126.2 million in 2022, growing at an 17.9% CAGR from 2022 to 2028. The primary driver of the expansion of the global Metagenomic Sequencing market is growing awareness of genetic disorders and the availability of advanced technological platforms.

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16S rRNA sequencing Segment to Dominate the Metagenomic Sequencing Market:
Based on technology, the 16S rRNA sequencing segment accounted for the highest share of the global market in past years due to the high accuracy and affordability offered by 16S rRNA sequencing, continuous development and advancements in bioinformatics solutions, and the rising number of metagenomic research activities to identify individuals and categorize various bacterial strains.

Asia Pacific Metagenomic Sequencing Market:
North America registered for the largest share of the global market in the historic period and is expected to dominate the market in coming years owing to various factors such as the increasing applications of metagenomics in diagnostics and genomics research, the availability of research funding, and the development of NGS data analysis solutions. The Asia Pacific region is also expected to have a significant growth rate owing to the various key payers making huge investments in the healthcare and medical sector for continuous advancement.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Metagenomic Sequencing market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The metagenomic sequencing market is segmented based on product and service, workflow, technology, application, and geography.
Based on the product and service, the market is segmented into the following:
• Reagents & Consumables
• Instruments
• Services
• Analysis & Data Interpretation Solutions

Based on the workflow, the market is segmented into the following:
• Sample Processing & Library Preparation
• Sequencing
• Data Processing & Analysis

Based on the technology, the market is segmented into the following:
• Shotgun Metagenomic Sequencing
• 16S rRNA Sequencing
• Metatranscriptomics
• Whole-genome Sequencing & De Novo Assembly

Based on the application, the market is segmented into the following:
• Drug Discovery
• Clinical Diagnostics
• Soil Microbiome Applications
• Industrial applications
• Ecological and Environmental Applications
• Veterinary Applications
• Other Applications

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the Metagenomic Sequencing Market report are Illumina, Inc. (US), Thermo Fisher Scientific (US), QIAGEN N.V. (Netherlands), PerkinElmer, Inc. ( US), Oxford Nanopore Technologies Plc. (UK), ATC Biotech AG (Germany), Enterome Bioscience (France), SciGenom Labs Pvt. Ltd. (India), Second Genome Therapeutics (U.S.), Quest Diagnostics Incorporated (U.S.), Freenome Inc. (U.S.), GenapSys Inc. (U.S.), COSMOSID (U.S.), and Pacific Biosciences (U.S)

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This release was published on openPR.