The global metagenomics market is expected to be worth approximately US$ 189.2 million in 2022. The overall market is expected to grow at a robust 7.1% CAGR between 2022 and 2028, reaching a value of US$ 285.0 million by 2028, owing to increased use of metagenomics across a wide range of end-use sectors.
| Data Points | Key Statistics |
| Expected Market Value in 2022 | US$ 189.2 million |
| Projected Market Value in 2028 | US$ 285.0 million |
| Growth Rate (2022-2028) | 7.1% CAGR |
According to a recent Future Market Insights report, widespread use of metagenomics tools in environmental monitoring and pollution reduction projects is expected to drive metagenomics market growth. Recent technological advancements are assisting in the substantial reduction of sequencing costs, paving the way for the development of genetic sequencing on a large scale.
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This has created new opportunities for large-scale use of metagenomic tools for monitoring environmental microbe communities. Furthermore, the efficacy of metagenomic tools in dealing with environmental toxicology is contributing to their growing popularity.
A recent development, for example, saw the use of metagenomics in predicting the extent and presence of contamination in the environment, while another study outlined how metagenomics can be used to attenuate pollutants in the environment using unculturable microbes found in the natural environment. Metagenomics is also being used to better understand the effects of biostimulation on microbial communities.
Growing environmental concerns are prompting governments all over the world to invest in research to improve the efficiency and scale of bioremediation. Furthermore, bioremediation is gaining popularity due to its low-cost and environmentally friendly chemical treatment. Because metagenomics is critical to the success of bioremediation, the market is expected to expand as the alternative chemical treatment process becomes more popular.
Clinical Diagnostics to Emerge as a Vital Revenue Pocket
Clinical diagnostics and bioremediation are expected to be the most profitable segments in the near future. The term metagenomic diagnostics is gradually gaining traction as studies seek to broaden the scope of metagenomics’ application in the healthcare industry.
Several studies, for example, have alluded to the development of a new diagnostic procedure known as “shotgun metagenomics,” which uses DNA sequencing to identify different pathogens and aid in the development of effective targeted treatment by predicting their resistance to various medications.
Metagenomic diagnostics is a promising prospect that could aid in the prediction and management of a wide range of diseases. Furthermore, metagenomics has the potential to uncover hidden genetic features that could be critical in the advancement of a variety of biotechnological applications, such as the discovery of novel enzymes, bioactive molecules, and genes with significantly improved or entirely new biochemical functions.
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Metagenomics Market Growth Underpinned by its Potential Application in Antibiotics Production
Metagenomics analyses the taxonomic composition of microbe communities in great detail. It provides accurate information about the gene characteristics unique to a given community. The information provided by metagenomic tools can be effectively used to produce a variety of antibiotics.
Scientists at UC Berkley recently conducted research in this area, concluding that leveraging metagenomics for bioprospecting soil can aid in the development of a plethora of antibiotics. The study used metagenomics to identify the genes that produce antibiotics and antifungals to combat disease in microorganisms, and it was concluded that the same chemicals could potentially aid in the treatment of bacterial and fungal infections in humans.
Library Preparation Kits find Growing Consumer Base as Gene Sequencing Gains Centerstage
Because of their ability to provide a massive set of valuable data about gene sequences in a short period of time, DNA and RNA sequencing practises are gradually gaining traction. The data generated by gene sequencing is then analysed by clinicians, scientists, and researchers, who then apply the knowledge gained in industries such as agriculture, forensics, diagnostics, pharmaceuticals, and others.
Library preparation kits allow for the efficient and rapid extraction of gene segments, which are then analysed. Furthermore, technological advancements are assisting library kit manufacturers in providing improved products that reduce error and stress while improving accuracy. According to the FMI report, the factors will be critical in the segment’s growth, which is expected to contribute significantly to the metagenomics market growth.
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Metagenomics Market Continues to Propel in North America, Upheld by Government Funding for Epigenetics R&D
According to the FMI study, the metagenomics market in North America will continue to proliferate and will remain at the forefront of global metagenomics market growth. The presence of advanced infrastructure, combined with ongoing government funding for research and development in the field of epigenetics, are critical factors expected to drive the region’s market growth.
Furthermore, the presence of favourable regulations promoting research and development for improving healthcare quality in the region’s countries is expected to fuel market growth.
Metagenomics Market by Category
Product Type :
- Sample extraction kits
- Metagenomics sequencing kits
- Library preparation kits
Application :
- Bioremediation
- Microbial diversity
- Antibiotics production
- Clinical diagnostics
- Biosurfactants
End-Use Industry :
- Hospitals
- Academics and research
- Pharmaceutical industries
- Research laboratories
- Others
- Emergency services
- Clinics.
Region :
- North America
- Latin America
- Europe
- APEJ
- CIS & Russia
- MEA
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