Market
Analysis
This
method along with offering species identification, classification, as well as
quantitation of microbes, will also at the same time offer information for
functional analysis of genes with the help of metabolic pathway analysis and
gene ontology. Its key benefit is that metagenomics allows the study and discovery
of microbial genomes that otherwise would be intractable owing to cultivation
difficulties.
The
global Metagenomic Sequencing Industry is predicted to grow at a 6.5% CAGR over
the forecast period (2017-2023), states the new Market Research Future (MRFR)
report. Metagenomics, simply put, is a molecular tool that is used for
analyzing DNA that is acquired from environmental samples to study the
community of microorganisms present in their natural habitat devoid of the need
to obtain pure cultures.
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Various
factors are propelling the metagenomic sequencing market growth. These factors,
as stated by the latest MRFR report, include growing awareness about genetic
disorders, improved genomic tools, advanced technological platforms, funding
and favorable initiatives undertaken by private bodies and government for
large-scale sequencing projects, declining cost of sequencing, and recovery of
new drugs. Additional factors propelling market growth include high throughput
screening methods, development of cost-effective technologies (next-generation
sequencing), increasing research and development for identifying new enzymes
and antibiotics, and improved bioinformatics.
Key
Players:
include Knome Inc. (US), Helicos
BioSciences (US), Macrogen Inc. (South Korea), DNAStar Inc. (US), Agilent
Technologies Inc. (US), CLC Bio (Qiagen) (Denmark), Oxford Nanopore
Technologies Inc. (UK), Thermo Fisher Scientific Inc. (US), Biomatters Ltd.
(New Zealand), Beijing Genomics Institute (China), Pacific Biosciences (US), COSMOSID
(US), GenapSys, Inc. (US), Freenome Inc. (US), Quest Diagnostics Incorporated
(US), Second Genome Therapeutics (US), SciGenom Labs Pvt. Ltd. (India), F
Hoffman-La Roche Ltd. (Switzerland), The Mitre Corporation (US), Aperiomics,
Inc. (US), Illumina Inc. (US), Enterome Bioscience (France), and Biotech AG
(Germany).
Market
Segmentation :
·
The
MRFR report provides a complete segmental analysis of the Metagenomic
Sequencing Market
report on the basis of end user, application, and technology.
·
Based
on technology, the metagenomic sequencing market is segmented into
bioinformatics, sequencing, and others.
·
Based
on application, the metagenomic sequencing market is segmented into
agriculture, ecology, biofuel, biotechnology, gut microbe characterization,
environmental remediation, and infectious disease diagnosis.
·
Based
on end user, the metagenomic sequencing market is segmented into specialized
clinics, research institutes, hospitals, and others.
Regional
Analysis:
By
region, the metagenomic sequencing market report covers the latest trends and
growth opportunities across the Asia Pacific, Europe, the Americas, and the
Middle East and Africa. Of these, the Americas will lead the market over the
forecast period. Factors aiding growth in the region include advancements in
technology in the next-generation sequencing methods and its increasing
applications.
The
metagenomic sequencing market in Europe is predicted to have the second-largest
share in the market over the forecast period. Factors aiding growth in the
region include increasing investment by government and hospital facilities for
better healthcare, increasing use of NGS techniques by research laboratories,
low cost of sequencing, and growing partnerships and collaborations.
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The
metagenomic sequencing market in the APAC region is predicted to grow in the
fastest pace over the forecast period. Factors aiding growth in the region
include increasing incidence of genetic disorders worldwide, and affordable
healthcare & research.
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