LONDON–(BUSINESS WIRE)–Technavio has been monitoring the microbiome sequencing services market and it is poised to grow by USD 914.65 million during 2020-2024, progressing at a CAGR of over 20% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions-
What was the value of the microbiome sequencing services market in 2019?
A. Technavio says that the value of market was at USD 612.80 million in 2019 and is projected to reach USD 1,527.45 million by 2024.
At what rate is the market projected to grow during the forecast period 2020-2024?
A. Growing at a CAGR of almost 20%, the market growth will accelerate in the forecast period.
What is the key factor driving the market?
A. Focus on laboratory accreditations.
Who are the top players in the market?
A. BaseClear BV, bioMérieux SA, Brooks Automation Inc., Clinical Microbiomics AS, Eurofins Scientific SE, Microbiome Insights, Molecular Research LP, Norgen Biotek Corp., Novogene Corp., and OraSure Technologies Inc. are the top players in the market.
Which region is expected to hold the highest market share in the market?
A. North America.
Based on segmentation by end-user, which segment is expected to witness the fastest growth in the global market?
A. Pharmaceutical and biotechnology companies.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BaseClear BV, bioMérieux SA, Brooks Automation Inc., Clinical Microbiomics AS, Eurofins Scientific SE, Microbiome Insights, Molecular Research LP, Norgen Biotek Corp., Novogene Corp., and OraSure Technologies Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Focus on laboratory accreditations has been instrumental in driving the growth of the market. However, the lack of standardization in microbiome analysis might hamper market growth.
Microbiome Sequencing Services Market 2020-2024: Segmentation
Microbiome Sequencing Services Market is segmented as below:
- Pharmaceutical And Biotechnology Companies
- Research And Academic Institutes
- Direct-to-consumer Service Providers
- North America
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Microbiome Sequencing Services Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our microbiome sequencing services market report covers the following areas:
- Microbiome Sequencing Services Market size
- Microbiome Sequencing Services Market trends
- Microbiome Sequencing Services Market industry analysis
This study identifies developments in microbiome-centered therapeutics as one of the prime reasons driving the microbiome sequencing services market growth during the next few years.
Microbiome Sequencing Services Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the microbiome sequencing services market, including some of the vendors such as BaseClear BV, bioMérieux SA, Brooks Automation Inc., Clinical Microbiomics AS, Eurofins Scientific SE, Microbiome Insights, Molecular Research LP, Norgen Biotek Corp., Novogene Corp., and OraSure Technologies Inc. Backed with competitive intelligence and benchmarking, our research reports on the microbiome sequencing services market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Microbiome Sequencing Services Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist microbiome sequencing services market growth during the next five years
- Estimation of the microbiome sequencing services market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the microbiome sequencing services market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of microbiome sequencing services market vendors
Table of Contents:
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Pharmaceutical and biotechnology companies – Market size and forecast 2019-2024
- Research and academic institutes – Market size and forecast 2019-2024
- Direct-to-consumer service providers – Market size and forecast 2019-2024
- Market opportunity by End-user
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- Asia – Market size and forecast 2019-2024
- ROW – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver – Demand led growth
- Volume driver – Supply led growth
- Volume driver – External factors
- Volume driver – Demand shift in adjacent markets
- Price driver – Inflation
- Price driver – Shift from lower to higher-priced units
- Market challenges
- Market trends
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- BaseClear BV
- bioMérieux SA
- Brooks Automation, Inc.
- Clinical Microbiomics AS
- Eurofins Scientific SE
- Microbiome Insights
- Molecular Research LP
- Norgen Biotek Corp.
- Novogene Corp.
- OraSure Technologies Inc.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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