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Redding, California - January 14, 2025

Metagenomics Market to be Worth $ 6.71 Billion by 2031

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) – Forecast to 2031

Meticulous Research^®—a leading market research company, published a research report titled, ‘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’ According to this latest publication from Meticulous Research^®, the metagenomics market is projected to reach $6.71 billion by 2031, at a CAGR of 15.6% from 2024 to 2031.

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

Moreover, rising adoption of bioinformatics and genomic data management solutions and government initiatives supporting large-scale genomic sequencing projects are expected to generate growth opportunities for market stakeholders. Data Storage, handling, interpretation, and confidentiality concerns and lack of skilled professionals pose challenges to the growth of the market.

Key Players

The key players profiled in the metagenomics market report 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.).

The metagenomics market is segmented by Offering (Consumables, Instruments, Software & Services, and Sequencing & Data Analysis Services), Technology (16S Sequencing, Shotgun Metagenomic Sequencing, Whole Genome Sequencing, and Other Technologies), Application (Environmental Applications, Clinical Diagnostics, Drug Discovery, Biotechnology, and Other Applications), and geography. The study also includes an analysis of the regional and country-level markets.

Among the offerings studied in this report, in 2024, the consumables segment is anticipated to dominate the metagenomics market with a share of 52.4%. These are factors contributing to the segment’s dominant position in the market. Technological advancements in reagents and kits, the development of user-friendly kits, and the adoption of metagenomics kits in research laboratories are factors attributed to the segment’s large share. Assay kits are pre-packaged sets of materials and reagents used for performing tests. Using these kits requires minimal training, making them ideal for use in settings lacking trained laboratory technicians and lab instruments. These factors contribute to the largest share of the segment in the metagenomics market.

Among the technologies studied in this report, in 2024, the 16S sequencing segment is anticipated to dominate the metagenomics market. 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 the applications studied in this report, in 2024, the environmental application segment is anticipated to dominate the metagenomics market with a share of 26.6%. Factors such as rapid industrialization, urbanization, and agricultural activities are contributing to the largest share of the segment. 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. These factors can contribute to the largest share of the segment in the market.

Among geographies, in 2024, North America is anticipated to dominate the metagenomics market with a share of 42.7%. The large share of this segment is attributed to factors such as. High number of research institutes, universities, and organizations, and presence of key market players in the market are the major driving factors for the largest share of the region in the market. The presence of organizations and the institutes dedicated microbial research, such as the Broad Institute of MIT and Harvard, the National Institutes of Health (NIH), the University of Toronto, McGill University, and the Ontario Institute for Cancer Research (OICR) creates demand for metagenomics products in the region. Which can directly contribute to the growth of the region.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=6127

Key questions answered in the report-

Which are the high-growth market segments in terms of metagenomics by offering, technology, application, and geography?
What was the historical market for metagenomics across the globe?
What are the market forecasts and estimates for the period 2024–2031?
What are the major drivers, restraints, opportunities, and challenges in the metagenomics market?
Who are the major players operating in the metagenomics market?
What is the competitive landscape like, and who are the leaders in the metagenomics market?
What are the recent developments in the metagenomics market?
What are the different strategies adopted by the major players in the metagenomics market?
What are the geographical trends and high-growth regions/countries?

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Redding, California - January 14, 2025

Metagenomics Market to be Worth $ 6.71 Billion by 2031

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) – Forecast to 2031

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