The large share of this segment can be attributed to the growing number of metagenome sequencing research projects being conducted, the availability of technologically advanced and robust sample processing and library preparation assay kits, and the demand for efficient library preparation products. The sample processing & library preparation segment accounted for the largest share of the metagenomic sequencing market in 2021. "By workflow segment, the sample processing & library preparation segment accounted for the largest share of the metagenomic sequencing market"īased on workflow, the market has been segmented into sample processing & library preparation, sequencing, and data processing & analysis. This can be attributed to its advantages over other techniques, the growing adoption of shotgun metagenomic sequencing among researchers and healthcare professionals, and the increasing number of metagenomic sequencing-based research activities. The shotgun metagenomic sequencing segment is estimated to grow at the highest CAGR during the forecast period. "By technology segment, the shotgun metagenomic sequencing segment accounted for the fastest-growing segment of the metagenomic sequencing market"īased on technology, the metagenomic sequencing market is segmented into 16S rRNA sequencing, shotgun metagenomic sequencing, whole-genome sequencing & de novo assembly, and metatranscriptomics. Growth in the metagenomic sequencing market is mainly driven by continuous technological innovations in NGS platforms, increasing initiatives and funding from government & private bodies for large-scale sequencing projects, declining costs of genome sequencing, and the significant applications of metagenomics in various fields. The metagenomic sequencing market is expected to reach USD 4.3 billion by 2027 from USD 1.9 billion in 2022, at a CAGR of 18.4% during the forecast period.
PACIFIC BIOSCIENCES OF CALIFORNIA, INC.
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