Microbiome Sequencing Services Market: Forecasting Growth and Opportunities
According to research report the global microbiome sequencing services market is projected to grow from $284 million in 2023 to $555 million by 2028 at a compound annual growth rate (CAGR) of 14.3%.
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The key drivers for market growth include:
- Increasing demand for metagenomic sequencing (analyzing all genetic material in a microbiome sample) which has many applications like disease diagnosis, drug discovery, precision medicine
- Growing focus on developing human microbiome-based therapeutics
- High costs of advanced sequencing instruments/infrastructure
The report segments the market by service type, sequencing technology, end-user, and geography.
By service type:
- Sequencing and library preparation services had the largest market share in 2022
- This crucial step creates reference sequences or compares outputs to existing sequences
By sequencing type:
- Shotgun sequencing (comprehensively sequencing all genes in a sample) is expected to grow fastest from 2023-2028 due to advancements in data analysis solutions
By end-user:
- Academic/research institutes had the largest share in 2022 due to expanding microbiome research applications like environmental studies
By region:
- North America dominated in 2022 due to established research infrastructure, technological advancements and demand for precision medicine
The market is fragmented with many local/emerging players. Key companies include Charles River Laboratories, Eurofins Scientific, BGI, CosmosID, Microba, QIAGEN and others.
The market is fragmented with several players, but Charles River Laboratories (US), Eurofins Scientific (France), and BGI (China) are the leading companies. Other notable providers are listed.
Charles River Laboratories is the market leader, offering customized sequencing solutions and services supported by their drug discovery capabilities. They have grown through expansions and partnerships.
Eurofins Scientific is another leading player, focused on developing technology solutions for their large customer base. Their investments in joint ventures, partnerships and comprehensive microbiome services contribute to their market position. They serve over 220,000 customers across various industries.
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The report provides details on the microbiome sequencing services market segmented by service type, sequencing technology, end-user, and other factors along with market forecasts and analysis.
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