Lucintel’s latest market report analyzed that metagenomic provides attractive opportunities in applications, such as infectious disease diagnosis, environmental remediation, gut microbe characterization, biotechnology, biofuel, and agriculture. The metagenomic market is expected to grow at a CAGR of 16%-18%. In this market, consumables are the largest segment by product, whereas gut microbe characterization are largest by application.
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Based on product, the metagenomic market is segmented into instrument & software and consumables. The consumables segment accounted for the largest share of the market in 2020 due to their high adoption in the pre-sequencing, which is one of the most important steps in the overall metagenomic sequencing protocol. Therefore, this factor continues to contribute to the dominant position of this segment in the market.
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The metagenomic market is marked by the presence of several big and small players. Some of the prominent players offering metagenomic include Agilent Technologies, Enterome, F. Hoffmann-La Roche, Illumina, Oxford Nanopore Technologies, Pacific Biosciences of California, PerkinElmer, Qiagen, Swift Biosciences, and Thermo Fisher Scientific.
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