Microbiome Sequencing Services Market By Technology, Application, Research & Laboratory Type - 2021

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MarketsandMarkets Presents

• Microbiome Sequencing Services Market
•  - Global Forecasts to 2021

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• The global microbiome sequencing services market
  is poised to reach USD 1424.7 Million by 2021
  from USD 538.0 Million in 2016, at a CAGR of
  21.5 from 2016 to 2021.
• In this report, the global market is broadly
  segmented by technology, application, research
  type, laboratory type, end user, and region.
• Major factors fueling market growth are the
  rising use of microbiomes in genomics,
  proteomics, and metabolomics and technological
  advancements in next-generation sequencing (NGS).
  On the other hand, lack of detailed research,
  government regulations, and ethical legal
  issues related to NGS are the major factors
  restraining the market.
• On the basis of technology, the microbiome
  sequencing services market is divided into
  sequencing by synthesis (SBS), sequencing by
  ligation (SBL), pyrosequencing, sanger
  sequencing, and other technologies (such as Omic
  technologies). The sequencing by synthesis
  segment is expected to grow at the highest CAGR
  in the market in 2016. This growth rate can be
  attributed to the prevalent high demand for this
  technology.

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http//www.marketsandmarkets.com/Market-Repor
ts/microbiome-sequencing-service-market-94324380.h
tml Based on application, the market is
segmented into shotgun sequencing, targeted gene
sequencing, RNA sequencing, whole genome
sequencing, and other applications (such as small
molecule analysis and protein analysis). The
shotgun sequencing segment is estimated to
command the largest share in the market. This
large share is attributed to shotgun sequencing
being faster and less expensive than other
methods. By research type, the market is divided
into internal research and outsourced research
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• On the basis of laboratory type, the market is
  broadly divided into wet labs and dry labs. The
  wet labs research segment is expected to command
  the fastest CAGR in the market in 2016.
• Based on end user, the market is broadly divided
  into pharmaceutical and biotechnology companies,
  and academic/research institutes. The
  pharmaceutical and biotechnology companies
  segment is expected to grow at the highest CAGR
  in the market in 2016.
• North America is expected to have the highest
  CAGR in the global microbiome sequencing services
  in 2016. Factors such as favorable business
  environment, government support through funds for
  genomics research, continuous developments in
  sequencing technologies, availability of
  commercial solutions for NGS data analysis,
  growing number of research studies on cancer
  inherited rare diseases drive the growth of the
  market in this region.

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