Microbiome Sequencing Services market Size, Drivers, Growth, Trends, COVID-19 Impact and Forecast Report to 2020 - 2030
Microbiome Sequencing Services Market Overview:
The microbiome sequencing definition talks about a process
that diagnoses millions and billions of DNA strands and sequences them in
parallel lines.
It is assessed that the Microbiome
Sequencing Services Market Size is supposed to enrol a CAGR ~ 18.10% during
the conjecture time of 2022-2030, with an expected market worth of USD 5380.93
million by 2030.
Market Research Future (MRFR) collected data on several
factors and demographic challenges and showed how it could move forward in the
coming years.
Growing healthcare expenditure to accommodate the latest
technologies, support for the research and development sector, increasing
integration of next-generation
sequencing, advantages of 16s rRNA sequencing, demand form the
pharmaceutical companies, a surge in academic interests, and others would
promote the global market. The high cost of technologies may restrain the
market a bit.
Microbiome Sequencing Services Market Overview and report analysis by Technology (Sequencing by
Litigation (SBL), Sequencing by Synthesis (SBS), Others), Application
(Gastrointestinal Diseases, Infectious Diseases, Others), and End User -
Forecast till 2030
Segmentation:
The global Microbiome Sequencing Services Market has been segmented
by the experts of MRFR on the basis of technology, application, and end user.
This type of segmental analysis leads to a better performance of various global
companies as they get a close look at factors and figures.
·
By technology, the report on the
microbiome sequencing services market has been segmented into Sequencing by
Synthesis (SBS), Sequencing by Litigation (SBL), targeted gene
sequencing, RNA sequencing, short gun sequencing, and others.
·
By application, the study covers grounds
for the microbiome sequencing services market size by getting it
segmented into oncology, infectious
diseases, CNS diseases, gastrointestinal diseases, and others.
·
By end user, the report on the microbiome
sequencing services market share can be segmented into pharmaceutical and
biotechnology companies, research and academic institutes, and others. The
pharmaceutical and biotechnology companies segment has a high intake of this
support as it helps in the manufacturing of various drugs.
Regional Analysis:
The Americas are in the leading position for the global Microbiome
Sequencing Services Market. This is primarily due to the increasing contribution
of several microbiome testing companies and microbiome analysis services. The
US and Canada are the leading companies in this. This is because of the
increasing investment for the research and development sector and a continuous
boost for the market from several end users. The regional capacity to try out
new drugs is also high, owing to which the chances for market growth are
greater. In Europe, the segment is getting traction from the rising number of
treatments of cancer patients. Also, a huge number of microbiome sequencing
kits are finding proper use in several sectors owing to which growth would be
substantial.
Industry News:
·
In April 2020, Caris Life Sciences, a reputed
company for being a leading innovator in molecular science that has a focus on delivering
quality in precision medicine, announced the launch of MI Exome. This is a
next-generation sequencing-based assay that could analyze the whole exome of
22,000 DNA genes. MI Exome takes part in the Caris Molecular Intelligence
suite, where the comprehensive profiling services have been designed to detect
the molecular features of cancer to provide better scope in taking specific
care of the patient.
Competitive Landscape:
The global market for Microbiome Sequencing Services
Market Players is getting traction from companies like
Clinical Microbiomics A/S, Baseclear B.V., Merieux
Nutrisciences Corporations, Metabiomics Corp., EPIBIOME, Microbiome
Therapeutics, LLC., Microbiome Insights Inc., Second Genome, Ubiome, Inc., MR
DNA, Rancho Biosciences, and Zymo Research Corp.
Various microbiome testing companies are also providing
traction to market growth. These companies are mostly relying on various
mergers, acquisitions, collaborations, and other methods for a better growth
rate. The process is also ensuring a better growth rate for the market as well.
About US:
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