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Global Metagenomic Sequencing Market Analysis, Drivers, Restraints, Threats & Growth Forecast to 2032

The global metagenomic sequencing market size was worth around USD 1.99 Billion in 2023 and is predicted to grow to around USD 6.21 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 13.50% between 2024 and 2032.

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The report contains projections and analyses for the global and regional metagenomic sequencing markets. The research paper presents historical data spanning from 2024 to 2032, accompanied by revenue projections in millions of US dollars. The study identifies market drivers and restraints for metagenomic sequencing, as well as the manner in which they will influence demand throughout the forecast period. In addition, the report contains an analysis of opportunities that exist on a regional and global scale within the metagenomic sequencing market.

To provide a thorough understanding of the metagenomic sequencing market for the report’s audience, we have incorporated an assessment of the competitive landscape and an evaluation of Porter’s Five Forces model. The research includes an evaluation of market attractiveness, in which each market segment is compared to others in terms of market size, growth rate, and overall appeal.

By analysing the market shares of companies, the report provides a more comprehensive picture of the major participants in the metagenomic sequencing industry. Furthermore, the report encompasses significant strategic advancements within the market, such as mergers and acquisitions, the introduction of new products, collaborations and joint ventures, agreements, partnerships, research and development, and regional expansion of major players in the global and regional metagenomic sequencing market.

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The Global Metagenomic Sequencing Market is segmented based on product, application and region

Global Metagenomic Sequencing Market: Product Segment Analysis

● Reagents & Consumables
● Instruments
● Services
● Analysis & Data Interpretation Solutions

Global Metagenomic Sequencing Market: Application Segment Analysis

● Drug Discovery
● Clinical Diagnostics
● Soil Microbiome Applications
● Industrial applications
● Ecological and Environmental Applications
● Veterinary Applications
● Other Applications

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The global Metagenomic Sequencing market profiles key players such as:

● Thermo Fisher Scientific. Inc.
● Illumina. Inc.
● PerkinElmer
● BGI Group
● Oxford Nanopore Technologies Ltd.
● Eurofins Scientific
● Macrogen Inc.
● Zymo Research Corporation
● Novogene Corporation
● IntegraGen SA
● NuGEN Technologies. Inc.
● DNAStar. Inc.
● Microsynth AG.

Market for Metagenomic Sequencing: Regional Perspectives

The current and projected demand for metagenomic sequencing in regions including North America, Asia-Pacific, Europe, the Middle East & Africa, and North America is met. In 2018, North America dominated the global market for metagenomic sequencing. Government funding, the existence of a well-established research and development infrastructure, and rising levels of public and private investment in next-generation sequencing (NGS) projects are a few of the factors that contribute to the expansion of the market in this region.

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