A report by Transparency Market Research on the global Microbiome Sequencing Services Market finds that it would rise at a significant 18.1% CAGR between 2017 and 2022. The CAGR would enable the market to hit a value of US$1.57 bn by 2022-end from US$684.1 mn in 2016.
Depending upon the technique, the global microbiome sequencing services market can be segmented into ligation, synthesis, sanger sequencing, and pyrosequencing. Among those, the segment of synthesis accounted for a substantial 47.8% share in the market in 2017. Going forward too, the segment is predicted to maintain its leading share by rising at the highest CAGR. With respect to geography, the global microbiome sequencing services market is spread across Europe, North America, Asia Pacific, and the Middle East and Africa. Of them, North America is a leading market because conducive business environment, advanced sequencing technologies, higher allocation for genomics research by the government, and growing thrust on cancer and inherited rare disease research. Valuation of North America microbiome sequencing services market stood at US$261.4 mn in 2017.
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Market Driven by Commercialization of Personalized Medicine and Diet
Microbiome sequencing finds usage in studying microflora of human biota. Its main aim is to understand human microbes and their role in human health and disease. Conventional microbiological techniques using samples from blood, stool, or skin have been used to understand the genotype and phenotype of people. But with the unprecedented progress in technology, we have newer tools such as next generation sequencing for producing data of human microbiome. Adds the lead analyst of our report, “Unique high-throughput sequencing and new software tools are disrupting microbiome study big time. Those enable in offering high quality and speedy services. Human microbiome sequencing services are particularly useful in commercialization of personalized diet and medicine. This is expected to stoke their market going forward.”
Asia Pacific Emerges as Lucrative Destination for Outsourcing of Services
The global microbiome sequencing services market is being powered by the continued progress in the domain of biotech, particularly in Southeast Asian nations such Japan, South Korea, China, and India. The outsourcing of services to the low cost Asian nations is another noticeable trend in the market. The different end users driving demand in the global microbiome sequencing services market are academic, pharmaceutical, and research and biotech institutes. Such services are mainly used for targeted gene sequencing, shotgun sequencing, whole genome sequencing, and RNA sequencing.
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The global microbiome sequencing services market is fragmented and is predicted to remain so in the near term as well owing to low entry barriers. This is expected to result in more players entering the fray in the next couple of years. In such a crowded marketplace, players that have come to hold a dominant position are Microbiome Insights Inc., Zymo Research Corp., Metabiomics Corp., Rancho Biosciences, and Microbiome Therapeutics LLC.
The review is based on the findings of a TMR report, titled, “Microbiome Sequencing Services Market (Technique – Synthesis, Ligation, Pyrosequencing, Sanger Sequencing; Application – Shotgun Sequencing, Targeted Gene Sequencing, RNA Sequencing, Whole Genome Sequencing; End Use – Pharmaceutical, Academic and Research Institutes, Biotech) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022.”