March 28, 2020

Metagenomics Analysis Market will be growing at a CAGR of 16.9% during the forecast period from 2018 to 2026

The latest market report published by Credence Research, Inc. “Global Metagenomics Analysis Market – Growth, Future Prospects, Competitive Analysis, 2018 – 2026,” the global market for metagenomics analysis is set to grow from US$ 374.6 million in 2017 to US$ 1.505.7 million by 2026 with a CAGR increase of 16.9 per cent from 2018 to 2026.

Market Insights 

Metagenomics is the science of the recovery of genetic material from environmental samples. According to research findings of the Lancet journal Infectious Disease is responsible for 25% of global morbidity. The burgeoning demand for genomic data repositories and technological advancement in companion diagnostic kits provide a positive boost to the market for metagenomic analysis. Increased demand for prophylactic medicines to build immunity against microbial infections further boosts market growth in metagenomic analysis.

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Reagents & kits are dominating the product segment for metagenomic analysis market. Increasing demand from research laboratories for library preparation kits to enhance workflow. Data analytics will grow at rampant pace in the near future owing to recent development in bioinformatics tools and software solutions.

Sequencing driven technology is holding the largest market for technology segment in metagenomic analysis market. Diagnosis of infectious disease and characterization of human gut microbes drive the sequencing driven technology market. Function driven technology will register stable growth during the forecast period owing to its ability to screen proteins, vitamins and antibiotic resistance.

Environmental is reigning the application segment for metagenomic analysis market. The metagenomic technology is widely employed to understand the effect of anthropogenic activites on the surrounding environment. Ability to screen uncultured microbes and using microbes for wastewater treatment and crude oil spillage drive the environmental application market. Human health is garnering tremendous attention on account of increasing adoption of metagenomics in epidemiological studies and high throughput screening stage of drug discovery and development.

North America is the leading regional segment for metagenomic analysis market with 39% market share. Rising public health awareness and significant rise in environmental degradation drive the market growth of metagenomic analysis in North America region. Europe is the second largest market holding 26% share primarily due to rampant growth in bioinformatics tools and software solutions and burgeoning requirement of novel drugs to treat exotic microbial infection in Europe after the recent refugee influx from the levant region. Asia Pacific represents 17% market share on account of proactive government policies to set up genomic libraries and curb environmental degradation by applying metagenomic analytical studies.

Biotechnology companies providing metagenomics analysis are Agilent, Technologies, Bio-Rad Laboratories, Inc., Illumina, Inc., Luminex Corporation, Novogene Corporation, Promega Corporation, PerkinElmer, Inc., QIAGEN, Takara Bio, Inc. and Thermo Fisher Scientific, Inc.

Key Market Movements:

  • Burgeoning requirement of genomic library and data repository to perform epidemiological studies and drug discovery for microbial infection
  • Significant adoption of metagenomic analytical studies in identification of degradation rate and effect of pollutants on ecological systems
  • Rampant growth in bioinformatics related software tools and solutions

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[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Report Scope by Segments

By Product Type

  • Kits & Reagents
  • Data Analytics

By Technology Type

  • Function Driven
  • Sequencing Driven

By Application Type

  • Environmental
  • Human Health
  • Others

By Geography Segment

  • North America (U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

  • Which biotechnology companies are actively engaged in the metagenomics analysis market?
  • What are the latest technological advancement taking place in the metagenomics analysis market?
  • Which major factors are responsible for the impressive growth of reagents and kits in the products segment?
  • What is the importance of function driven and sequencing driven technology in metagenomic analysis?
  • How is metagenomic analysis applied for bioremediation and biofuel generation?
  • Why is North America the leading regional segment in metagenomics analysis market?

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