ALL >> Business >> View Article
Metagenomic Sequencing Market: Continuous Technological Innovations In Ngs Platforms
![Profile Picture](https://www.123articleonline.com/images/avatar-default.jpg)
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 metagenomic sequencing market is expected to reach USD 4.3 billion by 2027 from USD 1.9 billion in 2022, at a CAGR of 18.4% during the forecast period.
Download PDF Brochure: -https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=60408643
Market Segmentation:
Based on 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. The drug discovery segment accounted for the largest share of the market in 2021. The large share of this segment can be attributed to the increasing research activities for novel drug discovery and growing collaborations between market players, academic ...
... institutions, and pharmaceutical companies for drug development.
Based on products & services, the metagenomic sequencing market is segmented into reagents & consumables, instruments, services, and analysis & data interpretation solutions. The reagents & consumables segment accounted for the largest share of the market in 2021. Factors such as the development and commercialization of high-quality reagents and kits and the continuous requirement of sequencing reagents by end users are expected to drive the growth of this segment in the market.
Regional Analysis:
The market in the Asia Pacific is expected to register the highest growth rate during the forecast period, primarily due to the increasing financial support from public as well as private agencies, the increasing number of NGS-based research projects, increasing awareness about precision medicine, and the rising prevalence of chronic diseases.
Request Sample Pages: -https://www.marketsandmarkets.com/requestsampleNew.asp?id=60408643
Top Key Players:
Some of the leading players operating 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).
Add Comment
Business Articles
1. Revolutionizing Agriculture Nova Zyme And Gram Flowering - Kay Bee BioAuthor: Kay Bee Bio
2. How Coils Function In Heat Exchangers And Their Importance In Industrial Applications
Author: Pearl Shims
3. Psychic Elizabeth Asks: Are You Always Depressed?
Author: Pearline Saranealis
4. Report From The Psychic Detective: Situation Closed
Author: Madison Easter
5. The Psychic Investigations - Black Dog
Author: Alvaro Jonathan
6. Gifted Psychic Readings - Question No Much More About Your Future
Author: Sherrill Thacker
7. Love Psychic Readings: The Difference Between Flames And Soul Mates
Author: Peggy Moreland
8. Find A Real Psychic - My Favorite Technique For Discovering Psychic's Who Are Legit
Author: Thurman Mckinney
9. Tips For Choosing The Very Best Tarot Reader
Author: Melodee Clemmer
10. Celebrity Psychics - My Individual Experience With A Well-known Medium (not Recommended)
Author: Sophia Lombardo
11. Free On-line Tarot Card Studying
Author: Clayton Costantino
12. Why You Don't Want A Totally Free Psychic Studying!
Author: Adam Hutchens
13. Epoxy Flooring Dealers In Hyderabad: Enhancing Spaces With Expertise
Author: tremixconstructions
14. Psychic Medium - Three Tidbits That You Can Take
Author: Renaldo Gwin
15. Your Psychic Relationships
Author: Mae Bonwick