Lucintel Forecasts Metagenomic Market to Grow at a CAGR of 16%-18%

According to the recent study the metagenomic market is projected to grow at a CAGR of 16%-18% from 2020 to 2026. Growth in this market is primarily driven by surge in the metagenomic experiment collaboration, adoption of metagenomic applications, and growing advanced sequencing platforms.

Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in metagenomic market by product (instrument & software and consumables), technology (sequencing and bioinformatics), application (infectious disease diagnosis, environmental remediation, gut microbe characterization, biotechnology, biofuel, and agriculture) and region (North America, Europe, Asia Pacific, and Rest of the World).

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“Consumables market is expected to remain the largest segment during the forecast period.”      

Based on product, the metagenomic market is segmented into instrument & software and consumables. Lucintel forecasts that the consumables market is expected to remain the largest segment during the forecast period due to their high adoption in the pre-sequencing, which is one of the most important steps in the overall metagenomic sequencing protocol. Therefore, this factor continues to contribute to the dominant position of this segment in the market.

“Within the metagenomic market, the gut microbe characterization segment is expected to remain the largest application.”    

Based on application, the gut microbe characterization segment is expected to witness the largest segment over the forecast period due to human intestinal microbiota is a homeostatic ecosystem, which has a significant impact on human health, and the disruption of this equilibrium leads to increased susceptibility to infections by various pathogens.

“North America will dominate the metagenomic market in near future.”

North America is expected to be the largest region over the forecast period due to increasing implementation of DNA sequencing across metagenomic applications in this region. In addition, rapid adoption of novel sequencing technologies in this region has contributed to its dominance.

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Major players of metagenomic market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Agilent Technologies, Enterome, F. Hoffmann-La Roche, Illumina, Oxford Nanopore Technologies, Pacific Biosciences of California, PerkinElmer, Qiagen, Swift Biosciences, and Thermo Fisher Scientific are among the major metagenomic providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/metagenomic-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
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