An Incisive, In-depth Analysis on the Metagenomics Market
This study offers a comprehensive, 360 degree analysis on the Metagenomics market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Metagenomics market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Leading Players Account for the Bulk of the Market Share
The metagenomics market remains highly consolidated with leading players accounting for almost 60% of the market share. Prominent market players continue to focus on new product launches and mergers and acquisitions to expand their product portfolio. For instance, NeuMoDx announced a strategic partnership with Qiagen where both parties agreed to work on the development of fully-integrated diagnostic testing kits. Additionally, an increasing number of companies are collaborating with one another to concentrate on research and development in the area. Prominent market players continue to work towards expanding their network to developing countries while building up additional infrastructure to boost production.
Efficacy of Metagenomics in the Diagnosis and Prediction of Diseases to Boost Growth
An array of novel researches discussing the potentiality of metagenomics in healthcare allude to the opening of pathways to new opportunities. For instance, various scientific communities are studying the application of metagenomics in the management of infectious diseases diagnostics while other researchers are focusing on leveraging metagenomics to derive a relationship between genes and susceptibility to diseases. Other studies focusing on using genome pool analysis for gene discovery and effective diagnosis and treatment of skin diseases are gradually progressing towards determining the use of metagenomics in various healthcare applications. The growing number of researches focusing on the use of metagenomics in healthcare is expected to bolster metagenomics market growth. In addition to this, increasing consumer awareness about genetic disorders is gradually influencing the global population to opt for tests that employ the use of metagenomics which is further expected to fuel the growth of the market.
Development of Cost-effective and Innovative Bioinformatics Tools Propelling Market Penetration
Advancements in technology have bolstered the growth of bioinformatics tools which are an amalgamation of algorithms, statistics, mathematics, and metagenomics. The combined use of these resources is expected to drive the growth of the metagenomics market offering accurate and efficient diagnostic tools for research and development in the area.
Robust development in the area saw the introduction of microarrays which is steadily growing in prominence and is expected to become the fastest growing diagnostic segments in the metagenomics market. The increased sales of microarrays and growing scope of their application is prompting leading players to venture into the manufacturing of the bioinformatics tool. Increasing investments in manufacturing of bioinformatics are expected to open up new avenues towards the development of cost-effective and affordable tools.
In addition to bioinformatics, companies continue to focus on developing new and innovative techniques to expand product portfolio and increase revenue generation. Novel sequencing techniques and development of 3D metagenomics are some of the key advancements that are expected to contribute to the metagenomics market proliferation.
Increasing Efforts to Control Environmental Toxicology to Boost Demand
Metagenomics plays a crucial role in bioremediation which is the use of naturally occurring or artificially introduced microorganisms to break down the environmental pollutants to reduce environment toxicology substantially. Metagenomics plays a key role in bioremediation and supplies the necessary genetic information vital to developing effective treatment methods that could help in substantially reducing the volume of contaminants present in the environment. Rising concerns regarding sustainability and pollution are causing governments around the world to invest heavily in projects aimed at tackling pollution and toxicology which, in turn, is expected to boost metagenomics market growth.
Intensifying Investments in Genome Projects to Contribute to Market Growth
New and upcoming genome projects are expected to uphold metagenomics market growth allowing researchers to work on creating novel databases for information. Additionally, an increasing number of countries are investing in the development of their own genome projects. For instance, Australia is currently working towards leveraging metagenomics to sequence genes from patients with cancer and other rare diseases to improve the quality of healthcare provided in the country.
Metagenomics Market – Competitive Landscape
The report on the metagenomics market offers a comprehensive analysis of the competitive landscape prevalent in the market. The section sheds light on the key players operating in the metagenomics market and includes valuable insights about their strategies, product portfolio, revenue share, market presence, global footprint, and notable business developments. Some of the leading players operating in the metagenomics market include Trivitron Healthcare, Bio-Rad laboratories, Illumina Inc., Qiagen, Perkin Elmer Inc., Infobio, Thermo Fisher Scientific, EliTech Group, Danaher, Takara Bio Inc., and Oxford Nanopore Technologies.
Metagenomics Market – Definition
Metagenomics is a set of tools that aid in monitoring the processes of a complete microbial community. The tools sample the genetic material recovered from the environment the microbial community is present in and analyse it to return valuable information. It aims at the analysis of genetic information and study of various metabolic pathways that exist in a microbial community. Metagenomics is leveraged to find novel innovative solutions in the pharmaceutical industry and for curbing environmental pollution. The three significant categories of metagenomics products include sample extraction kits, metagenomic sequencing kits, and library preparation kits.
Metagenomics Market – About the Report
The report on the metagenomics market offers an in-depth analysis of the metagenomics market which includes a detailed analysis of the market in the recent past in addition to an authentic and accurate forecast of the market. A comprehensive opportunity assessment along with a detailed assessment of various micro and macroeconomic facets such as drivers, threats, challenges, and restraints have been propounded in the report.
Metagenomics Market – Segmentation
The report offers invaluable actionable insights on the metagenomics market by segmenting it on the basis of product type, application, end-used industry, and region.
On the basis of product type, the metagenomics market can be segmented into sample extraction kits, metagenomics sequencing kits, and library preparation kits.
Based on the application, the metagenomics market can be segmented into bioremediation, microbial diversity, antibiotics production, clinical diagnostics, and biosurfactants.
On the basis of the end-use industry, the metagenomics market can be segmented into hospitals, academics and research, pharmaceutical industries, research laboratories and others which include industries such as emergency services and clinics.
Metagenomics Market – Additional Questions Answered
Apart from the aforementioned insights, the report on metagenomics market answers the following key questions that can aid stakeholders and business professionals in streamlining their market strategy to gain maximum profitability:
- What lucrative opportunities will be on offer in the North American and European metagenomics market?
- What are the key strategies being used by prominent market players to consolidate their position in the metagenomics market?
- What are the daunting challenges in the way of metagenomics market growth?
- What are the key regulations that will influence metagenomics market growth?
Metagenomics Market – Research Methodology
A robust and elaborate research methodology was employed during the compilation of the report. The metagenomics market was assessed on the basis of demand and supply. The method of triangulation was used to accurately determine the size of the market in terms of value and volume. A bottom-up approach was used to gather insights about the market for specific countries and regions. A thorough analysis of country-wise data was done to produce an accurate estimated of the global metagenomics market size. A two-step research methodology involving primary and secondary researches was used to draw an accurate forecast of the metagenomics market.
Recent market research published by FMI titled “Metagenomics Market: Rising Prominence of Metagenomics in Healthcare to Bolster Growth: Global Industry Analysis (2013-2017) and Opportunity Assessment (2018-2028)” provides a detailed assessment of all the key market dynamics. The report provides a thorough analysis of the market performance in the recent past along with an authentic forecast of the metagenomics market. The report provides valuable and actionable insights into the metagenomics market. Business professionals an stakeholders in the metagenomics market can leverage the information provided in the report to streamline their strategies to gain maximum profitability from the ongoing trends in the market.
Metagenomics Market – Executive Summary
The report commences with an executive summary which provides brief yet affluent information pertaining to the metagenomics market in the form of key statistics about the value and size of the market and the volume of production. Estimates of leading segments in the metagenomics market have also been listed under the section.
Metagenomics Market – Introduction, Background, and Dynamics
The metagenomics market report provides a concrete definition of the metagenomics market. In addition to this, the report provides a detailed market taxonomy at the start to help readers familiarize with the metagenomics market. All the key macroeconomic factors that are and will influence the metagenomics market performance have been propounded in the report. The report also justifies the mention of the factors through the mention of concrete facts and figures. A comprehensive opportunity analysis revealing the lucrative opportunities on offer in the market have also been propounded in the report. Additionally, the study identifies and lists all the key drivers, restraints, threats, and challenges that impact the growth of the metagenomics market. A thorough analysis of the pricing, demand, technology, and production strategies have also been presented in the report.
Metagenomics Market – Analysis and Forecast
The report on metagenomics market provides a comprehensive analysis of the performance of the metagenomics market in the past along with an authentic and exclusive forecast of the market. A forecast and analysis of each of the segments identified under market taxonomy have been presented in the report. Each segment has been analysed on the basis of value and volume. Further, a detailed assessment of the metagenomics market on the basis of regions has been provided in the report. The analysis of each region begins with an overview of the market conditions prevalent in the area. Ensuing sections of the regional analysis provide a comprehensive assessment of each of the segment based on the region in terms of value, volume, Y-o-Y growth, and CAGR. Additionally, a market attractiveness analysis on the basis of product type, application, end user, and countries have also been propounded in the report. Based on regions, the report has segmented the metagenomics market into Europe, North America, MEA, CIS & Russia, Japan, APEJ, MEA, and Latin America.
Metagenomics Market – Competitive Landscape Assessment
A competitive landscape assessment of the metagenomics market has been provided towards the end of the report. All the prominent players operating in the metagenomics market have been identified under this section. Further, the report provides detailed profiling of all the leading players in the metagenomics market which sheds light on their strengths, weaknesses, product portfolios, revenue share, market presence, global footprint, and notable business developments. The information provided under this section can be leveraged by business professionals and stakeholders to streamline their production and marketing strategies to tap into the extensive consumer base of the leading market players and ensure they gain maximum profitability from the ongoing market trends.
Metagenomics Market – Research Methodology
The robust and elaborate research methodology employed during the compilation of the report on metagenomics market has been thoroughly explained in the report. A two-step research process involving primary and secondary research phases was used to gain actionable insights into the metagenomics market. While primary research involved interviewing seasoned industry experts and comprehensive company case studies, secondary research was conducted by thoroughly studying trade journals, paid sources, company press releases, and other industry-related publications. Results from both steps of research were triangulated to form an authentic and accurate forecast of the metagenomics market.