Metagenomics Market Size, Share, Forecast & Trends Analysis Report 2024-2025 & 2031: Rising Adoption of Bioinformatics & Genomics Data Management Solutions Fueling Opportunities - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Metagenomics Market Size, Share, Forecast & Trends Analysis by Offering (Consumable, Instruments, Software), Technology (16S, Shotgun, Whole Genome Sequencing Microbial Sequencing), Application (Environmental, Clinical, Drug Discovery) - Global Forecast to 2031" report has been added to ResearchAndMarkets.com's offering.

The global metagenomics market is projected to reach $6.71 billion by 2031 at a CAGR of 15.6% from 2024 to 2031.

The growth of the global metagenomics market is driven by decreasing sequencing cost, increasing focus on Agri genomics, expansion of F&B industry, and surge in genome mapping programs. However, high cost of instruments and regulatory and standardization concerns are restraining the market's growth.

Furthermore, rising adoption of bioinformatics and genomic data management solutions and government initiatives supporting large-scale genomic sequencing projects are expected to generate market growth opportunities. However, data storage, handling, interpretation, and confidentiality concerns and lack of skilled professionals are major challenges in the global autoinjector market.

North America is projected to register the highest CAGR of 16.9% during the forecast period. The fastest growth of the market is due to the growing focus on the development of personalized medicines and increasing research activities in the field of microbial genomics are driving the demand for metagenomics products in the region. Additionally, advancements in sequencing technology and declining cost of sequencing technology are further expected to drive the metagenomics market in the region.

The report offers a competitive landscape based on an extensive assessment of the product portfolio offerings, geographic presences, and key strategic developments adopted by leading market players in the industry over years (2021-2024). The key players operating in the metagenomics market are Illumina, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), Pacific Biosciences of California Inc. (U.S.), QIAGEN N.V. (Netherlands), Revvity, Inc. (U.S.), Oxford Nanopore Technologies Plc. (U.K.), Takara Bio, Inc. (Japan), Bio-Rad Laboratories, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), 10X GENOMICS, INC. (U.S.), Promega Corporation (U.S.), Cantata Bio, LLC, and Zymo Research Corporation (U.S.).

Among all the offerings studied in this report, the consumables segment is projected to register the highest CAGR of 16.3% during the forecast period.

The high CAGR of the segment is attributed to the recurring use of consumables and the rising demand for microbial gene profiling are driving the demand for consumables in the metagenomics market. Kits and regents are widely used for microbial gene profiling as it requires a high volume of samples and repetitive procedures.

Among all the technologies studies in this report, in 2024, 16S sequencing segment is accounted for the larger share of 39.5%.

The rising focus on understanding the human microbiome and microbial communities in various environments has led to increased demand for techniques such as 16S sequencing. 16S sequencing helps in identifying new bioactive compounds in environmental samples, advances drug discovery and biotechnological applications. The increasing usage of 16S sequencing by microbiologists is contributing to the growth of largest share of the segment.

Among all the applications studied in this report, in 2024, environmental application segment is accounted for the largest share of 26.6%.

The segment's larger share can be attributed to the rapid industrialization, urbanization, and agricultural activities. Growing urbanization and industrialization have resulted in the production and release of a variety of harmful organic and inorganic pollutants into the environment. These harmful substances build up and survive for lengthy periods, degrading the surrounding environment. This creates a demand for metagenomic solutions for environmental research purposes.

Market Factors Affecting Market Growth

Drivers

• Decreasing Costs of Sequencing
• Increasing Focus on Agrigenomics
• Growth in Genome Mapping Programs

Restraints

• High Instrument Costs
• Regulatory & Standardization Concerns

Opportunity

• Rising Adoption of Bioinformatics & Genomics Data Management Solutions
• Government Initiatives Supporting Large Scale Genomic Sequencing Projects

Challenges

• Data Storage, Handling, Interpretation and Confidentiality Concerns

Trends

• Automation in Sequencing Technology
• Portable Sequencing Instruments

Porter's Five Forces Analysis

Companies Featured

• Illumina Inc. (U.S.)
• Thermo Fisher Scientific Inc. (U.S.)
• F. Hoffmann-La Roche Ltd (Switzerland)
• Pacific Biosciences of California Inc. (U.S.)
• QIAGEN N.V. (Netherlands)
• Revvity Inc. (U.S.)
• Oxford Nanopore Technologies Plc. (U.K.)
• Takara Bio Inc. (Japan)
• Bio-Rad Laboratories Inc. (U.S.)
• Agilent Technologies Inc. (U.S.)
• 10X GENOMICS Inc. (U.S.)
• Promega Corporation (U.S.)
• Cantata Bio LLC
• Zymo Research Corporation (U.S.).

Scope of the Report:

Metagenomics Market Assessment - by Offering

• Consumables
• Instruments
• Software & Services
• Sequencing & Data Analysis Services

Metagenomics Market Assessment - by Technology

• 16S Sequencing
• Shotgun Metagenomic Sequencing
• Whole Genome Sequencing
• Other Technologies

(Note: Other technologies include targeted microbial sequencing, meta transcriptome sequencing, and pyrosequencing.)

Metagenomics Market Assessment - by Application

• Environmental Applications
• Clinical Diagnostics
• Drug Discovery
• Biotechnology
• Other Applications

(Note: Other applications include food & nutrition, agriculture & soil health, marine microbiomes, and extremophiles.)

Metagenomics Market Assessment - by Geography

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Rest of Europe (RoE)
• Asia-Pacific (APAC)
• China
• Japan
• India
• Australia
• Rest of Asia-Pacific (RoAPAC)
• Latin America
• Middle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/u2ke4h

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