Microbiome Sequencing Services Market is poised to reach USD 1424.7 million by 2021
NEW YORK, June 14, 2017 /PRNewswire/ -- Highlights
· 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.
· The rising use of microbiomes in genomics, proteomics, and metabolomics and technological advancements in next-generation sequencing (NGS) are the major factors driving the growth of the global microbiome sequencing services.
· On the basis of application, the microbiome sequencing services 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 grow at the fastest CAGR, as it is the gold standard in technology.
· Microbiome sequencing services market by technology 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 of the market in 2016.
· This growth rate can be attributed to the high demand for this technology.
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.
The rising use of microbiomes in genomics, proteomics, and metabolomics and technological advancements in next-generation sequencing (NGS) are the major factors driving the growth of the global microbiome sequencing services.
In this report, the global microbiome sequencing services market is broadly segmented by technology, application, research type, laboratory type, end user, and region. On the basis of application, the microbiome sequencing services 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 grow at the fastest CAGR, as it is the gold standard in technology.
Microbiome sequencing services market by technology 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 of the market in 2016. This growth rate can be attributed to the high demand for this technology.
Based on laboratory type, the market is broadly divided into wet labs and dry labs. The wet labs research segment is expected to command the highest CAGR in the global market in 2016.
Furthermore, on the basis of research type, the market is broadly divided into internal research and outsourced research. The outsourced research segment is expected to command the fastest CAGR in the market in 2016.
Based on end users, the global microbiome sequencing services market is categorized 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. Many of the pharmaceutical and biotechnology companies are funded by the government or venture capitalists to boost research and development activity.
Read the full report: http://www.reportlinker.com/p04933548/Microbiome-Sequencing-Services-Market-by-Technology-Application-Research-Type-Laboratory-Type-End-User-Other-Technologies-Forecast-to.html
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