Microbiome sequencing involves the identification and characterization of microorganisms present in the human body and environment through next-generation sequencing technologies such as 16s rRNA sequencing, whole-genome shotgun sequencing, and metagenomic sequencing. Microbiome sequencing services provide insights into microbial composition, diversity, and function, which help understand the role of gut microbiota in various chronic diseases such as diabetes, obesity, cardiovascular disease and cancer through analysis of stool, urine, skin or other clinical samples and develop microbiome-based diagnostics and therapeutics. The Global Microbiome Sequencing Service Market is driven by increasing funding for microbiome research, rising application of next-generation sequencing (NGS) technologies in clinical diagnostics and growing requirements for early disease diagnosis.
The Microbiome Sequencing Service Market is estimated to be valued at US$ 1.97 Billion in 2024 and is expected to exhibit a CAGR of 11.1% over the forecast period 2024 to 2031
Key Takeaways
Key players operating in the Microbiome Sequencing Service are Microbiome Insights Inc., Baseclear B.V., ClinicalMicrobiomics A/S, Mérieux NutriSciences Corporation, MR DNA, Zymo Research Corporation, Metabiomics Corp., uBiome, Inc., Microbiome Therapeutics Innovation Group, Locus Biosciences, Inc., OpenBiome, Shanghai Ruiyi Biotechnology Co., Ltd., Resphera Biosciences, LLC, Molzym GmbH & Co. KG, BioSpherex LLC, and Diversigen.
The Microbiome Sequencing Service Market Growth is attributed to increasing applications of microbiome therapeutics in pre-disease and disease states as well as rise in focus on gut health amid COVID-19 pandemic. Globally, microbiome sequencing service providers are expanding their facilities and collaborating with research institutes and pharmaceutical companies to facilitate microbiome-based drug development and precision medicine approaches.
Market Key Trends
Adoption of artificial intelligence (AI) and machine learning techniques is a key trend gaining traction in microbiome sequencing data analysis. AI/ML enables extraction of meaningful insights from large and complex microbiome datasets to better understand host-microbiome interactions. Companies are focusing on development of AI/ML-driven analytics platforms to accelerate microbiome-based clinical applications and provide actionable microbiome health reports to consumers.
Porter’s Analysis
Threat of new entrants: Low startup costs for services but high costs for establishment of labs and facilities.
Bargaining power of buyers: Many service providers in the market so buyers have bargaining power.
Bargaining power of suppliers: Suppliers of reagents and instruments have some bargaining power.
Threat of new substitutes: Other omics technologies like metagenomics pose some threat.
Competitive rivalry: Intense competition due to many players offering standardized services.
Geographically, North America accounts for more than 50% market share currently due to increasing R&D investments. Wide applications of Microbiome Sequencing Service Market Regional Analysis studies in healthcare.
Asia Pacific is expected to be the fastest growing regional market during forecast period due to rising investments in life sciences research. Growing population, increasing healthcare expenditure and emergence of regional players are factors contributing to its growth.
For More Insights Discover the Report In language that Resonates with you
French German Italian Russian Japanese Chinese Korean Portuguese
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author – Alice Mutum
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice’s dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights. LinkedIn