The microbiome sequencing services market size has the potential to grow by USD 914.65 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by end-user (pharmaceutical and biotechnology companies, research and academic institutes, and direct-to-consumer service providers) and geography (Asia, Europe, North America, and ROW). Also, the report analyzes the market’s competitive landscape. It offers information on several market vendors, including BaseClear BV, bioMérieux SA, Brooks Automation Inc., Clinical Microbiomics AS, Eurofins Scientific SE, Microbiome Insights, Molecular Research LP, Norgen Biotek Corp., Novogene Corp., and OraSure Technologies Inc.
Market Overview
Market Competitive Analysis
The microbiome sequencing services market is fragmented. Market vendors are focusing on inorganic and organic growth strategies such as collaborations and geographical expansion to strengthen their position in the microbiome sequencing services market. Microbiome Insights, Molecular Research LP, Norgen Biotek Corp., Novogene Corp., and OraSure Technologies Inc. are some of the major market participants. Although the increasing growth in microbiome-centered therapeutic developments will offer immense growth opportunities, the lack of standardization in microbiome analysis will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this microbiome sequencing services market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this microbiome sequencing services market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- BaseClear BV
- bioMérieux SA
- Brooks Automation, Inc.
- Clinical Microbiomics AS
- Eurofins Scientific SE
- Microbiome Insights
- Molecular Research LP
- Norgen Biotek Corp.
- Novogene Corp.
- OraSure Technologies Inc.
Microbiome Sequencing Services Market: Segmentation by Region
North America was the largest microbiome sequencing services market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Growth in microbiome research projects, developments in microbiome-based therapeutic developments, and the presence of prominent vendors will significantly influence microbiome sequencing services market growth in this region.
Almost 50% of the market’s growth will originate from North America during the forecast period. The US is a key market for microbiome sequencing services in North America. Market growth in this region will be faster than the growth of the market in other regions.
Microbiome Sequencing Services Market: Segmentation by End-user
Pharmaceutical and biotechnology companies are focusing on developing microbiome-based therapies such as drugs, probiotics, and prebiotics. These companies are also involved in developing specialized diagnostic procedures that are based on the determination of the concentration of microbiota and the impact of specific diseases on the microbial concentration. Increasing prevalence of diseases and the growing demand for the development of cost-effective and efficient microbiome therapeutic products have increased the demand for sequencing services among pharmaceutical and biotechnology companies.
Market growth in this segment will be faster than the growth of the market in the research and academic institutes and direct-to-consumer service providers segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the microbiome sequencing services market size.
Microbiome Sequencing Services Market: Key Drivers and Trends
With the constant demand from researchers for less expensive and advanced technologies for drug development, there has been a significant increase in the adoption of the human microbiome for drug research and development over the past few years. The human microbiome helps to determine the pathogenesis of the disease, as well as in drug response. This has further increased government initiatives to promote research in microbiome sequencing. Also, there has been an increase in investment by several biotechnology companies, which are using microbiome to leverage their drug development process. The increasing use of the human microbiome for drug development will subsequently fuel microbiome sequencing services market growth during the forecast period.
The growing demand for highly accurate forensic solutions will be one of the key microbiome sequencing services market trends. There is a significant increase in the number of forensic cases, resulting in increased investments in forensic research. This has led to the adoption of microbiome sequencing in forensic analysis, which will help in identifying a person’s lifestyle characteristics and determining the microbiome of the perpetrator at the crime scene. The adoption of microbiome sequencing in forensics and the usage of the human microbiome for drug development will drive microbiome sequencing services market growth at a CAGR of over 20% during the forecast period.
Microbiome Sequencing Services Market: Key Highlights of the Report for the Forecast Period 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive microbiome sequencing services market growth during the next five years
- Precise estimation of the microbiome sequencing services market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the microbiome sequencing services industry across Asia, Europe, North America, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of microbiome sequencing services market vendors