Global Metagenomics Market Insights
The Metagenomics Market is expected to grow at a significant CAGR during the forecast period. Metagenomics, also known as environmental genomics, is essentially the study of genetic material from environmental samples. Environmental genomics of metagenomics clones specific genes in order to create variation in the natural sample. Metagenomics enables researchers to delve further and discover the ancient diversity of microscopic life, in turn allowing a better understanding of the living world.
Factors such as technological developments in bioinformatics and biotechnology, declining costs of genome sequencing and growing applications of microbial screening in investigative cases are projected to boost the market for metagenomics. Growing interest of researchers in fields complementary to metagenomics is also expected to augment growth in the market. However, factors such as the high overall cost of metagenomics and low market penetration in developing countries are expected to hinder market growth up to a certain extent.
Metagenomics Market: By Product Insights
Based on the product, the metagenomics market can be segmented into kits & reagents and sequencing & data analytics services. Growing demand for library preparation from research laboratories has led to the launching of numerous kits and reagents. The kits and reagents segment is projected to hold the larger market share in terms of revenue owing to rise in its usage and high market penetration.
Metagenomics Market: Technology Insights
The metagenomics market based on technology can be classified into sequencing driven and function driven technology. The function-driven technology segment is expected to grow at a significant CAGR owing to its ability to allow prediction of degradation rates and identification of proteins involved in degradation of pollutants. The sequencing-driven segment is projected to hold the largest market share in terms of revenue during the forecast period. The popularity of the sequencing-driven technology can be attributed to the development of advanced bioinformatics based solutions to simplify workflow and produce efficient results. Further, a rise in the deposition of metagenome samples at data repositories is expected to further drive the sequencing-driven technology segment.
Metagenomics Market: Application Insights
The metagenomics market based on the application can be segmented into the environment and human health. Environmental applications of the technology include support for crop growth, bioremediation through wastewater treatment, cleaning up of gasoline leaks and oil-spills and biofuel production among others. The environmental applications segment is expected to hold the largest market share in terms of revenue during the forecast period. In the human health segment, metagenomics is used for research in establishing relations between microbes and human diseases. The human health application segment is therefore projected to grow at a significant CAGR as well.
Metagenomics Markets: Regional Insights
North America is expected to dominate the metagenomics market during the forecast period owing to growing presence of biotechnology companies and technological advancements focused on metagenomics development. The Asia Pacific region is projected to grow at the highest CAGR owing to efforts taken to improve the metagenomics infrastructure in emerging economies such as India and China.
Metagenomics Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase surgical retractors over the coming years. Some of the companies which are likely to purchase metagenomics are Apollo Hospitals, University Hospital and Hackensack University Medical Center among others.
Metagenomics Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Metagenomics Market: Market share & Competitor analysis
Some of the key players operating in the Metagenomics Market are Illumina, Inc.; Promega Corporation; Novogene Corporation; Oxford Gene Technology, Inc.; Thermo Fisher Scientific, Inc.; TAKARA BIO INC.; Danaher; QIAGEN; and ELITechGroup.among others.
In May 2015, CosmosID launched its GENIUS Metagenomics application. The application is available in Illumina’s BaseSpace apps and can be used with NGS platforms.
Companies are investing in offering library preparation kits that have latest sequencing technologies and compatibility. ICoVeR is an open source software package which is used to curate disparate genome data.
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