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The global metagenomics market size was valued at USD 738.1 million in 2023, driven by the rising emphasis on dealing with antibiotic resistance. The market is expected to grow at a CAGR of 14.2% during the forecast period of 2024-2032, with the values likely to rise from USD 842.5 million in 2024 to USD 2429.3 million by 2032.
Metagenomics is the study of complex microbial communities in their natural habitat. It involves whole genome sequencing analysis of an entire community of microorganisms that may be present on and in the body (animals, humans, fish, or insects), air, soil, water samples and food. Metagenomics involves several tools, techniques, and approaches that allow direct and total genetic analysis. It is widely recommended as it allows the diagnosis of unculturable microorganisms via genomic assemblies.
Metagenomics has found its application in several domains, including climate challenges, clinical diagnostics, food and nutrition, veterinary diagnostics and more. Consequently, the demand has seen a significant pick-up in recent years. The metagenomics market growth is driven by the advent of technically advanced techniques like targeted metagenomic sequencing and shotgun sequencing.
With the growing prevalence of chronic illnesses, there has been significant concentration on speeding up drug development across the globe. In May 2023, Ginkgo Bioworks and Boehringer Ingelheim entered a strategic partnership to put Ginkgo’s metagenomic sequence database to use and search and accelerate the drug discovery process, particularly for ailments with unmet patient needs. Such mergers are a clear indication that the metagenomics market demand will witness substantial progress during the forecast period.
The market growth is driven by the increasing emphasis on combating antimicrobial resistance. Antibiotic resistance bloodstream infections have been a growing area of concern amongst scientists. Bloodstream infections may lead to multiple organ failure, sepsis and even death, as a result, early and apt therapy is highly critical to control the infection. When compared to conventional methods, metagenomic sequencing provides rapid and precise research results, making it a preferred alternative for researchers.
Market Breakup by Product and Services
Market Breakup by Technology
Market Breakup by Application
Market Breakup by Region
The United States accounted for a significant part of the metagenomics market share during the historical period. The market share can be attributed to the region’s well-structured pharmaceutical and biotechnology industries, along with increasing government funding for genomics research. The rising focus of key healthcare players around offering personalised medicine to patients has also been contributing significantly to the market growth.
Europe has been historically dominating the global market with a robust healthcare and research infrastructure. Projects like the MetaHIT, which aimed at leveraging metagenomics to establish relations between the genes of the human intestinal microbiota, along with health and disease, can be a prime example demonstrating the region’s commitment to promoting innovation amongst researchers.
The Asia Pacific metagenomics market value is projected to emerge strongly in upcoming years. With increasing awareness and investigations into genomic research, the research is expanding the infrastructure for better facilities. The potential applications of metagenomics across various domains including agricultural and environmental studies have led to boosted research initiatives and funding for the same.
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Technology |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of about USD 738.1 million in 2023, driven by the emphasis on combating antimicrobial resistance across the globe.
The market is anticipated to grow at a CAGR of 14.2% during the forecast period of 2024-2032, likely to reach a market value of USD 2429.3 million by 2032.
The market demand is driven by the continuous advancements in sequencing technologies that have reduced the cost and time required for sequencing genetic material from complex microbial communities significantly.
The market trend is around rising applications of metagenomics for drug development. In May 2023, Ginkgo Bioworks and Boehringer Ingelheim partnered to put Ginkgo’s metagenomic sequence database for accelerated drug discovery.
The products and services can be categorised into software, kits and reagents, sequencing and data analytics services.
Based on technology, the market is segmented into shotgun sequencing, 16S sequencing, and whole genome sequencing, among others.
Metagenomic finds wide applications in environmental application, clinical diagnostics, soil microbiome, drug discovery, biotechnology, food and nutrition veterinary applications, among others.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is currently leading the global market.
Key players involved in the market are Agilent Technologies, Inc, ENTEROME, IntegraGen, Oxford Nanopore Technologies, QIAGEN, Illumina, Inc, Pacific Biosciences of California, Inc, Swift Biosciences Inc., Thermo Fisher Scientific Inc., BGI, Bio-Rad Laboratories, Inc., Promega Corporation, Computomics Gmbh., Microsynth AG, and Arc Bio LLC.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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