Daily Technology News

Technology News and Press Release Distribution Services

About US | Contact Us

Home | Technology News | Submit Press Release | Submit RSS Feed
Unlimited Press Release Distribution
Press release distribution service

IT News Media

CIO News
PC World
Tech Republic
Wall Street Journal Digital
Submit press release to these Tech media distribution list.

Technology News Releases

Metagenomic Sequencing Market: Continuous technological innovations in NGS platforms


(IT-NEWSWIRE.COM, September 13, 2023 ) The Growth in the metagenomic sequencing market is mainly driven by continuous technological innovations in NGS platforms, increasing initiatives and funding from government & private bodies for large-scale sequencing projects, declining costs of genome sequencing, and the significant applications of metagenomics in various fields.

The global metagenomic sequencing market in terms of revenue was estimated to be worth $2.0 billion in 2023 and is poised to reach $4.5 billion in 2028, growing at a CAGR of 17.5% from 2023 to 2028.

Download PDF Brochure: - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=60408643

Key Driving growth factors:
Here are some of the driving growth factors for the Metagenomic Sequencing Market:

1. Microbiome Research: Increasing interest and investment in microbiome research are propelling the market forward. Scientists are exploring the human microbiome's role in health and disease, leading to a surge in metagenomic sequencing studies.
2. Healthcare Applications: Metagenomic sequencing is vital in personalized medicine and infectious disease diagnostics. It helps identify pathogens, study antibiotic resistance, and understand the gut microbiome's impact on health, driving demand in the healthcare sector.
3. Agriculture and Food Safety: The agriculture and food industries use metagenomic sequencing to improve crop yield, manage soil health, and ensure food safety by identifying potential contaminants and pathogens.
4. Environmental Monitoring: Environmental scientists use metagenomic sequencing to assess biodiversity, study ecosystems, and monitor pollution. Climate change studies also benefit from metagenomic data.
5. Biotechnology and Drug Discovery: Metagenomics contributes to the discovery of novel enzymes, bioactive compounds, and drug candidates from microbial communities. This has sparked interest from biotechnology and pharmaceutical companies.
6. Technological Advancements: Continuous advancements in sequencing technologies, such as next-generation sequencing (NGS) and single-cell sequencing, have reduced the cost and improved the accuracy of metagenomic sequencing, making it more accessible.
7. Government Initiatives: Many governments and funding agencies are investing in metagenomic research for public health and environmental reasons, further boosting the market.

Market Segmentation:
Among the products & service, the metagenomic sequencing market is segmented reagents & consumables, instruments, sequencing services and analysis & data interpretation solutions. In 2023, the reagents and consumables segment accounted for the largest share of the metagenomic sequencing market by product & service.
Among the applications, the metagenomic sequencing market is segmented into drug discovery, clinical diagnostics, soil microbiome applications, industrial applications, ecological & environmental applications, veterinary applications, and other applications.

Regional Analysis.
Geographically, the metagenomic sequencing market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The metagenomic sequencing market was dominated by North America in 2022 and this dominance is anticipated to continue throughout the forecast period between 2023 and 2028.
1. North America:
North America, particularly the United States, is a major player in the Metagenomic Sequencing Market. It has a well-established research ecosystem and robust healthcare infrastructure.
2. Europe:
Europe is a significant market with a focus on microbiome research and environmental applications.
3. Asia-Pacific:
• Asia-Pacific is an emerging market with increasing interest in metagenomic sequencing.
• Growing healthcare investments, agricultural advancements, and research collaborations drive market expansion.
4. Latin America:
• Latin America is an evolving market with potential growth opportunities.
• Increasing awareness of microbiome research, agriculture-focused applications, and government initiatives contribute to growth.
5. Middle East and Africa:
• A smaller but emerging market with potential.
• Environmental monitoring, agriculture, and healthcare improvements contribute to market growth.

Recent Developments:
• In September 2022, Illumina, Inc. (US) launched the NovaSeq X series production-scale sequencers, which are capable of generating more than 20,000 whole genomes per year (which is 2.5 times the throughput of prior sequencers from Illumina).
• In September 2021, Thermo Fisher Scientific, Inc. (US) and AstraZeneca(UK) co-developed an NGS-based companion diagnostic. The collaboration was focused on commercializing NGS-based diagnostics in Russia.

Request Sample Pages: - https://www.marketsandmarkets.com/requestsampleNew.asp?id=60408643

Top Key Players:
The market for metagenomic sequencing is consolidated, with key players strategizing to capture the market. Prominent players in the metagenomic sequencing market are Illumina, Inc. (US), Thermo Fisher Scientific (US), QIAGEN N.V. (Netherlands), PerkinElmer, Inc. (US), and Oxford Nanopore Technologies Plc. (UK) among others.

The Metagenomic Sequencing Market is a dynamic and rapidly evolving industry with significant implications for various sectors, including healthcare, agriculture, environmental science, and biotechnology. Advances in technology and increased awareness of the importance of microbiome research are expected to continue driving growth in this market.


Mr. Aashish Mehra



Source: EmailWire.Com

Technology News By Sector
  • Application Development
  • Big Data
  • Desktops
  • Cloud Computing
  • Data Centers
  • Mobile Computing
  • OS
  • Open Source
  • Security
  • Virtualization

     Sign-Up To Our Free Newsletter!  
    IT-NewsWire Newsletter

    Technology Marketplace

    Free Information Technology Magazines, Downloads
    Get free tech publications including magazines and white papers
    Amazon, Inc News Headlines
    Read breaking news about Amazon.com as reported by TV news anchors and summaries news articles from New York Times

    Free Computer Security Magazines
    Download or subscribe to latest IT Security publications -- free of charge.

    Microsoft News
    Microsoft financial and at Work: read news about MSFT hardware, software and services.
    Submit RSS News Feed.
    Have your feed on news, products or services displayed under this marketpalce. The feed is also displayed on a full page and updated daily. Add RSS feed Now!

    Press release distribution services: Submit press release to major media. Unlimited press release service

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.

    IT-Newswire.com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © 2013 GroupWeb Media LLC. All Rights Reserved.

    GroupWeb Media Network
    AfricaNewswire.Net | AppleNews247.Com | AsiaNewsWire.Net | Aviation-NewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | EuropeNewsWire.Net | iCameroon.com | i-Canada-News.Com | i-SoftwareNews.com | iT-NewsWire.Com
    | InvestorsNewsDesk.Com | i-TravelNewsWire.Com | LegalLaw247.com | Medical-NewsWire.com | MiningNewsWire.net | MoneyNewsWire.Net | Movie-Stars-News.Com | PayDayNews247.Com | PharmaNewsWire.Com | Publishing-NewsWire.Com | Shopping-NewsWire.com | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com |
    IT-NewsWire.Com - Newswire and Press Release service of GroupWeb Media LLC