Microbiome Sequencing Services Market to Grow at a CAGR of 14.3%
The Microbiome Sequencing Services Market CAGR is forecasted to be 14.3%, with the market size growing from USD 284 million in 2023 to USD 555 million by 2028. The market is driven by the increasing demand for metagenomic sequencing, the expanded use of sequencing technologies in human microbiome therapeutics, and the prohibitive costs of advanced sequencing equipment, which prompts outsourcing....
Microbiome Sequencing Services Market: Forecasting Growth and Opportunities
According to research report the global microbiome sequencing services market is projected to grow from $284 million in 2023 to $555 million by 2028 at a compound annual growth rate (CAGR) of 14.3%.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69939577The key drivers for market growth include:– Increasing demand for metagenomic sequencing (analyzing all genetic...
Microbiome Sequencing Services Market Dynamics and Key Players
The microbiome sequencing services market is projected to grow from USD 284 million in 2023 to USD 555 million by 2028 at a CAGR of 14.3%. Growth in this market is majorly driven by the increasing demand for metagenomic sequencing, the growing focus on human microbiome therapeutics development, and the high cost of advanced infrastructure for sequencing. However, a dearth of skilled personnel is expected...
Microbiome Sequencing Services Market Opportunities, Geographic Snapshot And Key Market Leaders
The global microbiome sequencing services market is poised to reach USD 1,424.7 Million by 2021 from USD 538.0 Million in 2016, at a CAGR of 21.5% from 2016 to 2021.
Key Growth Drivers:
1 Increased Focus on Human Microbiome Therapy
2 Human Microbiome as New Validated Target for Drug Development
3 Human Microbiome for Early Disease Detection and Diagnosis
Geographic Analysis:
North America is expected...