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Metagenomic Sequencing Market Trends and Forecast

The future of the global metagenomic sequencing market looks promising with opportunities drug discovery, clinical diagnostic, soil microbiome, industrial, ecological and environment, and veterinary markets. The global metagenomic sequencing market is expected to reach an estimated $4.7 billion by 2028 with a CAGR of 17.0% from 2023 to 2028. The major drivers for this market are increasing advancements in DNA sequencing, continuous technological innovations in NGS platform, and growing initiatives and funding from government & private bodies for large-scale sequencing projects.
Metagenomic Sequencing Market by Product & Service, Workflow, Technology, and Application

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below. 
Metagenomic Sequencing Market by Segments

Metagenomic Sequencing Market by Segment

The study includes a forecast for the global metagenomic sequencing market by product & service, workflow, technology, application, and region, as follows:

Metagenomic Sequencing Market by Product & Service [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Reagents & Consumables 
  • Instruments
  • Services
  • Analysis & Data Interpretation Solutions

Metagenomic Sequencing Market by Workflow [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Sample Processing & Library Preparation
  • Sequencing
  • Data Processing & Analysis

Metagenomic Sequencing Market by Technology [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Shotgun Metagenomic Sequencing
  • 16S rRNA Sequencing
  • Metatranscriptomics
  • Whole-Genome Sequencing & De Novo Assembly

Metagenomic Sequencing Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Drug Discovery
  • Clinical Diagnostics 
  • Soil Microbiome Applications 
  • Industrial Applications
  • Ecological and Environmental Applications
  • Veterinary Applications
  • Other Applications

Metagenomic Sequencing Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Metagenomic Sequencing Companies

 
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies metagenomic sequencing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the metagenomic sequencing companies profiled in this report include. 

Metagenomic Sequencing Market Insights

  • Lucintel forecasts that reagents & consumables will remain the largest segment over the forecast period due to growing requirement of sequencing reagents by end users and increasing development & commercialization of high-quality reagents & kits.   
  • Within this market, drug discovery is expected to remain largest segment due to increasing research activities for novel drug discovery, growing demand from pharmaceutical companies for innovative drug development, and rising usage of metagenomic in clinical trials.
  • North America is expected to remain largest region during the forecast period due to increasing initiatives by governments and private bodies for the development and adoption of next generation sequencing-based data analysis in the region.

Features of the Metagenomic Sequencing Market

  • Market Size Estimates: Metagenomic sequencing market size estimation in terms of value ($B)
  • Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Metagenomic sequencing market size by various segments, such as by product & service, workflow, technology, application, and region
  • Regional Analysis: Metagenomic sequencing market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different by product & service, workflow, technology, application, and regions for the metagenomic sequencing market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the metagenomic sequencing market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the metagenomic sequencing market size?
Answer: The global metagenomic sequencing market is expected to reach an estimated $4.7 billion by 2028.
Q2. What is the growth forecast for metagenomic sequencing market?
Answer: The global metagenomic sequencing market is expected to grow with a CAGR of 17.0% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the metagenomic sequencing market?
Answer: The major drivers for this market are increasing advancements in DNA sequencing, continuous technological innovations in NGS platform, and growing initiatives and funding from government & private bodies for large-scale sequencing projects.
Q4. What are the major segments for metagenomic sequencing market?
Answer: The future of the metagenomic sequencing market looks promising with opportunities drug discovery, clinical diagnostic, soil microbiome, industrial, ecological and environment, and veterinary markets.
Q5. Who are the key metagenomic sequencing companies?
Answer: Some of the key metagenomic sequencing companies are as follows:
  • Thermo Fisher Scientific
  • Illumina
  • BGI
  • Agilent
  • Eurofins Scientific
  • QIAGEN
  • GENEWIZ
  • Novogene
  • PerkinElmer
Q6. Which metagenomic sequencing segment will be the largest in future?
Answer: Lucintel forecasts that reagents & consumables will remain the largest segment over the forecast period due to continuous requirement of sequencing reagents by end users and the development & commercialization of high-quality reagents & kits.  
Q7. In metagenomic sequencing market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to remain the largest region during the forecast period due to increasing initiatives by governments and private bodies for the development and adoption of next generation sequencing-based data analysis in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1.What are some of the most promising, high-growth opportunities for the metagenomic sequencing market by product & service (reagents & consumables, instruments, services, and analysis & data interpretation solutions), workflow (sample processing & library preparation, sequencing, data processing & analysis), technology (shotgun metagenomic sequencing, 16s rRNa sequencing, metatranscriptomics, whole-genome sequencing & de novo assembly), application (drug discovery, clinical diagnostics, soil microbiome, industrial, ecological and environments, and veterinary) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7.  What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry
 
For any questions related to metagenomic sequencing market or related to metagenomic sequencing companies, metagenomic sequencing market size, metagenomic sequencing market share, metagenomic sequencing analysis, metagenomic sequencing market growth, metagenomic sequencing market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
 
1. Executive Summary
 
2. Global Metagenomic Sequencing Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges 
 
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Metagenomic Sequencing Market Trends (2017-2022) and Forecast (2023-2028)
3.3:  Global Metagenomic Sequencing Market by Product & Service 
3.3.1: Reagents & Consumables     
3.3.2: Instruments    
3.3.3: Services   
3.3.4: Analysis & Data Interpretation Solutions   
3.4: Global Metagenomic Sequencing Market by Workflow 
3.4.1: Sample Processing & Library Preparation    
3.4.2: Sequencing    
3.4.3: Data Processing & Analysis   
3.5: Global Metagenomic Sequencing Market by Technology 
3.5.1: Shotgun Metagenomic Sequencing    
3.5.2: 16S rRNA Sequencing    
3.5.3: Metatranscriptomics    
3.5.4: Whole-Genome Sequencing & De Novo Assembly    
3.6: Global Metagenomic Sequencing Market by Application
3.6.1: Drug Discovery    
3.6.2: Clinical Diagnostics     
3.6.3: Soil Microbiome Applications     
3.6.4: Industrial Applications   
3.6.5: Ecological and Environmental Applications   
3.6.6: Veterinary Applications    
3.6.7: Other Applications   
 
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Metagenomic Sequencing Market by Region
4.2:  North American Metagenomic Sequencing Market 
4.2.1: North American Metagenomic Sequencing Market by Product and Service: Reagents & Consumables, Instruments, Services, and Analysis & Data Interpretation Solutions
4.2.2: North American Metagenomic Sequencing Market by Application: Drug Discovery, Clinical Diagnostics, Soil Microbiome, Industrial, Ecological and Environments, Veterinary, and Other Applications
4.3: European Metagenomic Sequencing Market  
4.3.1: European Metagenomic Sequencing Market by Product and Service: Reagents & Consumables, Instruments, Services, and Analysis & Data Interpretation Solutions
4.3.2: European Metagenomic Sequencing Market by Application: Drug Discovery, Clinical Diagnostics, Soil Microbiome, Industrial, Ecological and Environments, Veterinary, and Other Applications
4.4: APAC Metagenomic Sequencing Market  
4.4.1: APAC Metagenomic Sequencing Market by Product and Service: Reagents & Consumables, Instruments, Services, and Analysis & Data Interpretation Solutions
4.4.2: APAC Metagenomic Sequencing Market by Application: Drug Discovery, Clinical Diagnostics, Soil Microbiome, Industrial, Ecological and Environments, Veterinary, and Other Applications
4.5: ROW Metagenomic Sequencing Market  
4.5.1: ROW Metagenomic Sequencing Market by Product and Service: Reagents & Consumables, Instruments, Services, and Analysis & Data Interpretation Solutions
4.5.2: ROW Metagenomic Sequencing Market by Application: Drug Discovery, Clinical Diagnostics, Soil Microbiome, Industrial, Ecological and Environments, Veterinary, and Other Applications
 
5. Competitor Analysis  
5.1: Product Portfolio Analysis  
5.2: Operational Integration  
5.3: Porter’s Five Forces Analysis   
 
6. Growth Opportunities and Strategic Analysis  
6.1: Growth Opportunity Analysis   
6.1.1: Growth Opportunities for the Global Metagenomic Sequencing Market by Product and Service
6.1.2: Growth Opportunities for the Global Metagenomic Sequencing Market by Workflow
6.1.3: Growth Opportunities for the Global Metagenomic Sequencing Market by Technology
6.1.4: Growth Opportunities for the Global Metagenomic Sequencing Market by Application
6.1.5: Growth Opportunities for the Global Metagenomic Sequencing Market Region
6.2: Emerging Trends in the Global Metagenomic Sequencing Market   
6.3: Strategic Analysis   
6.3.1: New Product Development   
6.3.2: Capacity Expansion of the Global Metagenomic Sequencing Market   
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Metagenomic Sequencing Market   
6.3.4:  Certification and Licensing   
 
7. Company Profiles of Leading Players  
7.1: Thermo Fisher Scientific   
7.2: Illumina   
7.3: BGI   
7.4: Agilent   
7.5: Eurofins Scientific   
7.6: QIAGEN   
7.7: GENEWIZ   
7.8: Novogene   
7.9: PerkinElmer   
 
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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