Portland, OR, Feb. 16, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global microbiome sequencing market was estimated at $859.42 million in 2021 and is expected to hit $3,417.09 million by 2031, registering a CAGR of 14.8 % from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $859.42 Million |
| Market Size in 2031 | $3,417.09 Million |
| CAGR | 14.8% |
| No. of Pages in Report | 245 |
| Segments Covered | Technique, Research, End-User, and Region. |
| Drivers | Rise in investment in microbiome research |
| Use of microbiome in diagnosis of diseases | |
| Increase in collaborations and partnerships for microbiome research | |
| Restraint | Ethical and legal limitations |
| Opportunity | Wide applications of microbiome research |
Impact of COVID-19 on Microbiome Sequencing Market-
- Rise in microbiome research and sequencing to better understand how viruses affect human health and alert from future diseases, during the pandemic, had a moderately positive impact on the global microbiome sequencing market.
- However, as the global situation has recovered, the market has now got back on track.
The global microbiome sequencing market is analyzed across technique, research, end-user, and region. The study utilizes tabular and graphical representation to provide a thorough study of the segments and their sub-segments. The segmentation can assist investors and market players, create strategies based on the top revenue-generating and fastest-growing segments identified in the research report.
By technique, the RNA sequencing segment was the highest revenue contributor in 2021, garnering around one-third of the global microbiome sequencing market revenue, and is projected to maintain its dominance by 2031. The shotgun sequencing segment would also showcase the fastest CAGR of 15.7% during the forecast period.
By research, the outsourced segment contributed to nearly three-fourth of the global microbiome sequencing market share in 2021, and is expected to register the fastest CAGR of 15% throughout the forecast period.
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By end-user, the academic institutes and research centers segment accounted for the largest share in 2021, generating nearly more than half of the global microbiome sequencing market revenue and would also register the fastest CAGR of 15.1% during the forecast period.
By region, North America held the major share in 2021, garnering more than half of the global microbiome sequencing market revenue. However, Asia-Pacific would showcase the fastest CAGR of 15.7% from 2022 to 2031.
The key market players analyzed in the global microbiome sequencing market report include Baseclear BV, Charles River Laboratories International, Inc., Clinical Microbiomics, CosmosID, Microbiome Insights, Molecular Research LP, Novogene Co., Ltd., OraSure Technologies (Diversigen), Resphera Biosciences Llc and Zymo Research Corporation. The key market players have adopted several strategies such as merger, investment, acquisition, product launch, collaboration, partnership and contract to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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