by Microbiome sequencing services help analyze the complex microbial communities present inside the human body. These services utilize next-generation sequencing techniques to sequence the DNA extracted from various microbiome samples to identify constituent microbial species. The growing applications of microbiome analysis in disease diagnostics, drug development, and other areas are fueling the demand for microbiome sequencing services.
The Global Microbiome Sequencing Service Market is estimated to be valued at US$ 1.97 Bn in 2024 and is expected to exhibit a CAGR of 11.% over the forecast period 2024 To 2031.
Key players operating in the Microbiome Sequencing Service market are Microbiome Insights Inc., Baseclear B.V., Clinical Microbiomics 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.
Key Takeaways
Key players: Microbiome Insights Inc., Baseclear B.V., Clinical Microbiomics A/S are leading players offering comprehensive microbiome sequencing services globally. They are investing in expanding their service portfolios and geographic reach.
Growing demand: Increasing application of microbiome analysis in various disease research and the surge in Microbiome Sequencing Service Market Size development are fueling the demand for microbiome sequencing services.
Global expansion: Leading service providers are expanding their presence across European and Asian countries through partnerships and collaborations to cater to the growing demand. New regional laboratories are being established to provide improved sample processing and turnaround times.
Market Key Trends
Technological advancements are a key trend shaping the microbiome sequencing service market. Development of sophisticated bioinformatics tools, higher throughput sequencers, and cloud-based analysis platforms are enabling faster and comprehensive microbiome profiling. This is supporting applications such as human gut microbiome association studies involving large cohorts.
Porter’s Analysis
Threat of new entrants: The threat is low to moderate as it requires significant investment, time and expertise to establish a sequencing facility for microbiome analysis. However the market is growing at a good rate.
Bargaining power of buyers: The bargaining power of buyers is moderate to high as there are many global players providing microbiome sequencing service. Buyers can negotiate on price and quality.
Bargaining power of suppliers: Original equipment manufacturers and suppliers of reagents and kits have some bargaining power. However, established service providers have alternative suppliers to maintain supply continuity.
Threat of new substitutes: No direct substitute exists currently but advancement of alternative sequencing technologies may pose a threat in long run.
Competitive rivalry: The Microbiome Sequencing Service Market Regional Analysis is growing rapidly attracting new entrants. Existing players compete on various parameters like pricing, turnaround time, data analysis expertise etc.
In terms of value, North America region accounts for more than 40% share of the global market due to presence of major market players and higher adoption rates among research institutes.
The Asia Pacific region is the fastest growing market for microbiome sequencing services owing to increasing government funding in countries like China and India for microbiome research. Establishment of sequencing facilities by global market leaders is boosting service availability in the region.
*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it.
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