How big is the metagenomics market?

The global metagenomics market size was estimated at USD 2.03 billion in 2023 and is expected to reach USD 2.25 billion in 2024.

What is the metagenomics market growth?

The global metagenomics market is expected to grow at a compound annual growth rate of 13.52% from 2024 to 2030 to reach USD 4.82 billion by 2030.

Which segment accounted for the largest metagenomics market share?

The kits & reagents segment dominated the metagenomics market with a share of 61.48% in 2023. This is attributed to a substantial number of kits and reagents being launched and used to support the rising demand for library preparation workflows from research laboratories.

Who are the key players in the metagenomics market?

Some key players operating in the metagenomics market include Illumina, Inc.; Promega Corporation; Novogene Corporation; Oxford Gene Technology, Inc.; Thermo Fisher Scientific, Inc.; TAKARA BIO INC.; Danaher; QIAGEN; and ELITechGroup.

What are the factors driving the metagenomics market?

Key factors that are driving the market growth include increasing interest of researchers in metatranscriptomics, metaproteomics, & metabolomics; and rapid advancements in genomic technologies & ancillary protocols.