USD 1.37 billion
Report ID:
SQMIG35J2091 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
90
|Figures:
76
Microbiome Sequencing Services Market size was valued at USD 1.54 Billion in 2023 and is poised to grow from USD 1.7 Billion in 2024 to USD 3.85 Billion by 2032, growing at a CAGR of 10.7% during the forecast period (2025-2032).
The rapid growth of the market can be associated with factors such as the innovation in genetic technology, the increasing awareness of the human microbiome in health, and the increase in the desire for personalized medicine. Research on the link between the human microbiome and health has also made people want to know more about the microbial communities present within the body and other regions, hence the growing need for microbiome sequencing services. Medicine is using microbiome analysis services. Since microbiome-based medications have been developed to treat various diseases, sequencing services have become more and more popular as a tool to aid in treatment strategies. Multi-omics approaches, which integrate information from transcriptomics, metabolomics, and genomes with microbiome sequencing, are becoming more and more popular.
Such joint studies yield even better research outputs as they help one appreciate the bond between bacteria and human beings fully. Microbiome-based testing is an expanding field. Employing understanding and advanced techniques of microbiome sequencing services to trace microbes associated with diseases may shore up the likelihood of accurate and early diagnoses by clinicians. Most bioinformatics-related developments tend to follow in the wake of increases in the volume of microbial genomic data. To ascertain the species and functional pathways present in a microbiome, there is a need for more advanced information analysis systems that can deal with complex data sets on the microbiome. Microbiome sequencing applications are available in environmental studies as well as in agriculture.
US Microbiome Sequencing Services Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.37 billion
Largest Segment
Whole-genome
Fastest Growth
Amplicon
Growth Rate
10.9% CAGR
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Global Microbiome Sequencing Services Market is segmented by service, technology, application, end user and region. Based on service, the market is segmented into Sample Preparation, Sequencing and Library Preparation, and Data Analysis. Based on technology, the market is segmented into sequencing by synthesis (SBS), sequencing by ligation (SBL), pyrosequencing, sanger sequencing and others. Based on application, the market is segmented into shotgun sequencing, targeted gene sequencing, RNA sequencing, whole genome sequencing and others. Based on end user, the market is segmented into pharmaceutical and biotechnology companies, academic and research institutes, hospitals and clinics and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Technology
As per categorization by technology, the market is classified as sequencing by synthesis, sequencing by ligation, pyrosequencing, sanger sequencing, and other technologies. Among these, sequencing by synthesis earned the largest share and continues to hold the dominant global microbiome sequencing services market share. Sequencing by synthesis (SBS) offers improved accuracy and allows for scaling microbial analysis across multiple samples of DNA. This technology is mainly also widely used as it enables the production of complex, dense sequencing data that is vital in studying intricate microbial populations. The ability to obtain such sequencing data has made it possible to explore the human microbiome more, hence informing provision of health care services, personalized medicine and environmental health applications. The accuracy, pricing and the increasing potential of this technology makes it the best technology for microbiome sequencing projects almost globally.
Due to its proprieties that enhance the correct base calling and sequencing performance, sequencing by ligation (SBL) technology is projected to witness the maximum growth for worldwide microbiome sequencing services over the other technologies available. SBL device is able to produce high throughput as well as produce better resolution especially in decoding difficult genomic regions. As more details for analyzing and understanding the composition and function of the microbiomes become necessary for the healthcare and environmental analysis, SBL is also becoming an important tool for the analysis of complex structures of the microbiomes due to its provision of accurate long reads. Thus, its fast growth is being witnessed making SBL technology to be among the technologies that are enhancing the current state of microbiome sequencing in industries.
Analysis by Application
Shotgun sequencing is a cutting-edge innovation driving the global microbiome sequencing services market, offering unmatched depth and breadth in microbial community analysis. Random DNA sequencing, also known as shotgun sequencing, provides an all-encompassing portrait of a microbiome by making it possible to identify both applicable as well as non-applicable strains. It aids in visualizing complex microbiomes and infrequent taxa and hence is commonplace in borderline cases of invaded microbiome research especially, in matters of public health or environmental concerns. Globally, the shotgun sequencing market has been expanding and is likely to success due to its high resolution, versatility in handling different sample types as well as its emergence in personalized medicine ensuring its sustained expansion and penetrance.
Among all the technologies related to microbiome sequencing services, RNA sequencing (RNA-Seq) is forecasted to grow the most rapid growth owing to its potential to reveal the functional dynamics of microbial populations. It is different from DNA sequencing, which only indicates the presence of microorganisms, as RNA-Seq investigates gene expression, thereby elucidating how microorganisms' function in a given environment. This is particularly valuable in human health, where RNA-Seq can uncover how microbes influence disease states. As researchers focus more on microbial functions and dynamics, RNA sequencing’s ability to uncover this critical data drives its rapid adoption and global microbiome sequencing services market growth.
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North America dominates the global microbiome sequencing services market due to its strong research infrastructure, advanced technological capabilities, and substantial investments in biotechnology and healthcare sectors. The region consists of prominent colleges, research institutes, and biotechnology companies that advocate for, and carry out, microbiome research, respectively especially in the region of genomics and personalized medicine. Additionally, there is a sound regulatory framework already in place in North America enabling the operations of marketing advanced sequencing technologies. In addition, high levels of healthcare awareness, increase in the need for personalized medicine and growth in government funding for research regarding microbiome are also contributing to the dominance of North America in microbiome sequencing services market.
Europe is the fastest-growing region in the global microbiome sequencing services market due to increasing investment in biotechnology research, advancements in sequencing technologies, and a strong emphasis on personalized healthcare. The region has seen significant growth in microbiome research, particularly in the regions of disease prevention and treatment, due to collaborative efforts among academic institutions, research organizations, and private companies. Furthermore, policies set in place by the government that enhance scientific studies and healthcare inventions are contributing to the growth of the market. Europe’s strategies of embedding microbiome data in clinical practice are already yielding results and coupled with rising healthcare awareness are bound to propel the region to a boom in microbiome sequencing services.
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Microbiome Sequencing Services Market Drivers
Growing Demand for Personalized Medicine
Advancements in Sequencing Technologies
Microbiome Sequencing Services Market Restraints
High Cost of Sequencing
Data Complexity and Interpretation
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Several key players who provide robust sequencing technologies and services characterize the competitive environment of the global microbiome sequencing services market. Leading international companies like Illumina, Thermo Fisher Scientific, and BGI Genomics are at the forefront of high-throughput sequencing solutions. Other companies like Qiagen, Oxford Nanopore Technologies, and Zymo Research are also making their contribution towards the growth of the market with innovative products and increased service provision resulting in healthy competition and technological progression within the microbiome study sector.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, in conclusion, the global microbiome sequencing services industry is on the rise primarily due to technology developments, the rise in demand for personalized medicine, and the increasing awareness about the importance of human microbiome. Developments such as high-quality sequencing and incorporation of artificial intelligence are advancing research and therefore both clinical and environmental practices.
Nonetheless, limitations such as costly requirements and intricate data analysis still exist. In the recent future, the evolution of the market; combination of different strategies, and proliferation of sequencing techniques will be key drivers of progress in precision medicine, diagnostics, and customization of health care products.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.37 billion |
Market size value in 2031 | USD 3.48 billion |
Growth Rate | 10.9% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
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For the Microbiome Sequencing Services Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Microbiome Sequencing Services Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Microbiome Sequencing Services Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Report ID: SQMIG35J2091
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