The global Metagenomics market size is expected to be worth around US$ 2.40 billion by 2030, according to a new report by Vision Research Reports.
The global Metagenomics market size was valued at US$ 509.26 million in 2020 and is anticipated to grow at a CAGR of 26.6% during forecast period 2021 to 2030.
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.
A substantial number of kits and reagents are being launched and used to support the rising demand for library preparation workflows from research laboratories. Some key kits are Nextera XT kit, NEXTflex 16S V1-V3 Amplicon-Seq Kit, and NuGEN Ovation library preparation kit. Hence, increase in usage rate and high penetration in the market enabled this segment to dominate the market.
In order to enhance their presence in the market, player are focusing their efforts on offering library preparation kits with improved compatibility and the latest sequencing technologies. Several new software and tools are being introduced to create microbiome datasets for easy access and availability of genomic information at one source. One such tool is ICoVeR, which has been developed as an open source software package to curate disparate genome data.
Growing implementation of function-driven metagenomics for protein screening is expected to drive segment growth. This screening is applicable for antibiotic resistance and vitamins production. Furthermore, function-driven technology allows identification of proteins involved in degradation of pollutants and prediction of degradation rates. For instance, it has been used in understanding the in situ biodegradation mechanism of organophosphorus compounds and to predict its degradation potential.
The sequencing-driven segment accounted for the largest revenue share in the metagenomics market in 2017 owing to higher implementation of this technology. High adoption of this technology can be attributed to advent of novel bioinformatics-related solutions, which simplifies workflows and provides rapid results. It uses bioinformatics tools and computational analysis such as CoMet, MEGAN, METAREP, CAMERA, and IMG/M to deliver rapid results. In addition, efforts to maintain a standard database and rise in number of metagenome sample deposited at data repositories are anticipated to drive the sequence-driven technique segment.
Metagenomics has been widely adopted in environmental applications. Ability to screen uncultured microbes, coupled with growing interest of microbiologists in microbes that inhabit extreme environments, has driven the segment. Environmental applications include use in the agriculture sector to support crop growth, bioremediation through wastewater treatment, clean-up of oil spills and gasoline leaks, and biofuel production by harnessing microbial power.
Introduction of advanced sequencing technologies has led to rapid increase in number of studies carried out for establishing a relation between microbes and human diseases. Research programs such as the American Human Microbiome Project and the European project MetaHIT (Metagenomics of Human Intestinal Tract) have aided in metagenome-based exploration of the human intestinal microbiome using reference gene catalogs. This, in turn, is fostering the growth of the human health segment. Increase in investment in similar studies related to human microbiome is also slated to benefit the segment.
North America dominated the market in terms of revenue in 2020. This can be attributed to the presence of a substantial number of prominent biotechnology companies, most of which are focused on development of metagenomics workflows. For instance, in May 2015, CosmosID introduced its GENIUS Metagenomics application available in Illumina’s BaseSpace Apps for use with NGS platforms.
Asia Pacific is expected to witness the fastest growth during the forecast period owing to constant developments undertaken to strengthen the bioinformatics infrastructure and genomic landscape in countries such as India and China. Significant variations in climate and environment across Asian countries is expected to positively influence the adoption of these methods in future.
Illumina, Inc.; Promega Corporation; Novogene Corporation; Oxford Gene Technology, Inc.; Thermo Fisher Scientific, Inc.; TAKARA BIO INC.; Danaher; QIAGEN; and ELITechGroup.
Kits & Reagents
Sequencing & Data Analytics Services
Middle East and Africa (MEA)
The Metagenomics market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Metagenomics market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Metagenomics market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Metagenomics market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Metagenomics market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Metagenomics capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Metagenomics by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Metagenomics market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Metagenomics market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Metagenomics market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Metagenomics industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Metagenomics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Metagenomics market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Metagenomics market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Metagenomics market. These factors have benefited the growth of the global market for Metagenomics. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Metagenomics. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Metagenomics are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.
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