MICROBIOME SEQUENCING SERVICE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Global microbiome sequencing service market is estimated to be valued at USD 1.97 Bn in 2024 and is expected to exhibit a CAGR of 11.1% during the forecast period (2024-2031). Microbiome sequencing involves using high-throughput sequencing technologies to study the microbial communities within and associated with the human body. The human microbiome refers to the genomes of all microorganisms that reside on or within bodies. Advances in next-generation sequencing technologies have enabled the analysis of microbial communities at an unprecedented scale and resolution. Microbiome sequencing services provide genomic analysis of various microbial communities through targeted gene sequencing or whole metagenomic shotgun sequencing. This has transformed our understanding of the connections between the microbiome and various diseases, conditions, and drug responses in humans. By studying the complex microbial ecosystems in and on our bodies, we can gain valuable insights into human health and open up possibilities for novel diagnostics, prognostics, and therapeutics.
Market Dynamics:
The global microbiome sequencing service market is driven by the rising adoption of microbiome analysis in various disease research and drug development activities. Microbiome research has shown links between gut microbes and various diseases like obesity, diabetes, cancer, and neurological and immune disorders. This is encouraging more investments by pharmaceutical and biotech firms into microbiome-based therapy development. However, the market potential is still restrained by the high costs associated with large-scale whole metagenomic shotgun sequencing services. Ongoing R&D into affordable sequencing techniques presents a major opportunity for market expansion. Growing application of microbiome profiling for developing personalized nutrition and probiotic-based products also present lucrative prospects. Partnerships between microbiome analysis firms and end-users are increasingly helping to tap new application segments.
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*Browse 28 market data tables and 26 figures on "Microbiome Sequencing Service Market” - Global forecast to 2031
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