Metagenomic Sequencing Market

The Global Metagenomic Sequencing Market Industry is witnessing a surge in demand for personalized medicine, which is increasingly being recognized for its potential to tailor treatments based on individual genetic profiles. As healthcare providers seek to enhance patient outcomes, metagenomic sequencing offers insights into the microbiome's role in health and disease. This trend is expected to drive the market's growth, with projections indicating a market value of 0.68 USD Billion in 2024. By 2035, this figure could escalate to 3.16 USD Billion, reflecting a compound annual growth rate (CAGR) of 15.0% from 2025 to 2035.

By region, the study gives market insights into the North America, Europe, Asia-Pacific, and the Rest of the World. North American Metagenomic Sequencing market dominates the market due to the stronghold on deoxyribonucleic acid sequencing technologies because of the continuous improvement and availability and accessibility of DNA sequencing in the North American region. The US is the largest contributor to the growth of the metagenomic sequencing market in the North American region.

Further, the prime countries studied in the market report are the US, Canada, France, the UK, German, Italy, Spain, Japan, India, China, Australia, South Korea, and Brazil.

Figure 2 METAGENOMIC SEQUENCING MARKET SHARE BY REGION 2022 (USD Billion)

Source The Secondary Research, Primary Research, MRFR Database, and Analyst Review

The Asia-Pacific Metagenomic Sequencing Market accounts for the second-largest market share due to the increasing emphasis of healthcare professionals on the drug discovery and development in the biotechnology industry. Moreover, China’s Metagenomic Sequencing market held the largest market share, and the Indian Metagenomic Sequencing market was the rapid-growing market in Asia-Pacific region.

Europe's Metagenomic Sequencing market is expected to grow at the rapid CAGR from 2024 to 2032. This is due to the growing investment by the government and hospitals for improved healthcare facilities in this region. Further, the German Metagenomic Sequencing market held the largest market share, and the UK Metagenomic Sequencing market was the rapid-growing market in the European region.

Leading market participants are investing hugely in research and development in order to expand their product lines, which will help the Metagenomic Sequencing market grow even more. Market players are also undertaking various strategic activities to spread their footprint, with important market developments inclusive of new product launches, mergers and acquisitions, higher investments, contractual agreements, and collaboration with other organizations. To spread and survive in a more competitive and rising market climate, the Metagenomic Sequencing industry must gives cost-effective items.

Manufacturing locally in orde to minimize operational costs is one of the key business tactics utilized by manufacturers in the Metagenomic Sequencing industry to benefit clients and increase the growth of market sector. In recent years, the Metagenomic Sequencing industry has offered some of almost all significant advantages to medicine. Major players in the Metagenomic Sequencing market, including Pattern AG, Illumina Inc., Thermo Fisher Scientific Inc., Swift Bioscience Inc., BGI Genomics Co.

Ltd., Oxford Nanopore Technologies Ltd, Eurofins Genomics, Pacific Biosciences of California Inc., BGI Genomics Co Ltd., Macrogen Inc., AstraZeneca, and others, are trying to increase market demand by investing in the research and development operations.

Illumina Inc is an American biotechnology company founded in the year 1998, headquartered in San Diego, California, serving more than 140 countries. The company develops, produces, and sells integrated systems for the interpretation of genetic variation and biological function, providing a line of services and products that serves the genotyping, sequencing, gene expression, and proteomics markets. The company sells a variety of high-throughput DNA sequencing systems, depending on technology developed by Solexa.

In April 2021, a partnership was announced by the company with Kartos Therapeutics, Inc. in order to co-develop a tumor protein (TP53) companion diagnostics (CDx) depending on the comprehensive genomic profiling content assay, TruSight Oncology of Illumina. This will expand the TruSight Oncology offerings into Illumine's hematologic malignancies. The company also announced an agreement with the Belgian Genetic Centers in order to evaluate whole-genome sequencing.

Pattern AG, founded in the year 2018, is a private company that has been in the industry for five years. The company specializes in the Biotechnology and Biotechnology areas; the company is headquartered in Emeryville, California, USA. Pattern AG detects the most damaging pathogens and pests in the fields. The company uses this data in order to predict the biggest threats to field problems. It analyzes soil biology to predict main-field agronomic outcomes with 90% confidence before the start of the season.

This precise and advanced timing unlocks the profitability of the farm by enabling accurate product placement for key agronomic inputs. In April 2023, the company announced that it had generated the largest single ecosystem database based on genomics. This project emphasizes creating a  soil microbiome map that will assist in agro-genomics research.