Microbiome Sequencing Services | Market Size, Share and Forecast 2023-2028
Microbiome Sequencing Services | Market Size, Share and Forecast 2023-2028
The global microbiome sequencing services market size reached US$ 1,846.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 5,568.4 Million by 2028, exhibiting a growth rate (CAGR) of 20% during 2023-2028.

IMARC Group, a leading market research company, has recently releases report titled, “Microbiome Sequencing Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the global microbiome sequencing services market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the microbiome sequencing services market?

Report Attributes Details
Market Size in 2022 US$ 1,846.3 Million
Market Forecast in 2028 US$ 5,568.4 Million
Growth rate (2023 to 2028) CAGR of 20%
Base Year of the Analysis 2022
Forecast Period 2023-2028

What is microbiome sequencing services?

Various sequencing techniques, including rRNA, shotgun metagenomics, whole genome, and targeted gene sequencing, are included in microbiome sequencing services. They make use of next-generation sequencing (NGS) tools to produce accurate insights into the body's microbes. They aid in determining the role of the microbiome in human health and the aetiology of disease. As they offer fast, accurate, and highly reliable results as compared to traditional methods, microbiome sequencing services are widely utilized in pharmaceutical and biotechnology industries across the globe.

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What are the growth prospects and trends in the microbiome sequencing services industry?

The increasing use of human microbiome therapeutics to diagnose and treat a wide range of illnesses among people nowadays is one of the main drivers of market expansion. In addition, the rising number of students enrolled in genomics-related research and development (R&D) institutions around the world is encouraging market growth. In addition, the industry is being positively impacted by the general public's growing awareness of the advantages of microbiome sequencing for the treatment of cancer. Moreover, the rising demand for microbiome sequencing services among individuals to identify early disease detection and diagnosis is bolstering the growth of the market. Furthermore, the rising healthcare expenditure, along with the increasing government investment in next-generation sequencing (NGS) across the globe, is strengthening the growth of the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Technology:

  • Sequencing by Synthesis (SBS)
  • Sequencing by Ligation (SBL)
  • Pyrosequencing
  • Sanger Sequencing
  • Others

Breakup by Research Type:

  • Outsourced Research
  • Internal Research

Breakup by Laboratory Type:

  • Dry Labs
  • Wet Labs

Breakup by Application:

  • Shotgun Sequencing
  • Targeted Gene Sequencing
  • RNA Sequencing
  • Whole Genome Sequencing
  • Others

Breakup by End User:

  • Pharmaceutical and Biotechnology Companies
  • Research and Academic Institutes
  • Others

Breakup by Region:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • BaseClear B.V.
  • Clinical-Microbiomics A/S
  • Diversigen Inc (OraSure Technologies Inc.)
  • Mérieux NutriSciences
  • Metabiomics Corporation (BioSpherex LLC)
  • Microbiome Insights Inc.
  • Microbiome Therapeutics LLC
  • Molecular Research LP
  • Molzym GmbH & Co. KG
  • Resphera Biosciences LLC
  • Shanghai Realbio Technology (RBT) Co. Ltd.
  • Zymo Research Corporation.

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