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Press Release

Global Microbiome Sequencing Services Market - Rise in Chronic and Infectious Diseases to Boost Growth | Technavio

Technavio Research
Posted on: 19 Feb 18

Technavio market research analysts forecast the global microbiome sequencing services marketto grow at a CAGR of over 22% during the period 2018-2022, according to their latest report.

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Technavio has published a new market research report on the global microbiome sequencing services market from 2018-2022. (Graphic: Business Wire)

This market research report segments the global microbiome sequencing services market by end-users (pharmaceutical and biotechnology companies and academic institutes and research laboratories) and key geographies (the Americas, APAC, and EMEA).

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In this report, Technavio analysts highlight the rise in chronic and infectious diseases as a key factor contributing to the growth of the global microbiome sequencing services market:

Rise in chronic and infectious diseases

Over the years, the prevalence of chronic and infectious diseases such as malaria, tuberculosis, HIV AIDS, and hepatitis has increased rapidly. The analysis derived from microbiome sequencing helps to control the transmission of malarial parasites. It enables researchers to develop strains of genetically modified bacteria that can help to reduce the transmission of parasite. Thus, microbial community profiling is required to introduce immunotherapeutic strategies for new strains of microorganisms.

According to a senior analyst at Technavio for health and wellness research, “A substantial amount of research is going on for many chronic and infectious diseases such as cardiovascular diseases, cancers, and neurological disorders to discover ways for in-depth diagnosis and treatment. This will lead to an increase in demand for microbiome sequencing services during the forecast period.”

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Global microbiome sequencing services market segmentation

The pharmaceutical and biotechnology companies held the largest market share in 2017, accounting for over 42% of the market. However, the market share for this end-user is expected to decrease nearly 3% by 2022.

The Americas was the major revenue contributor to the global microbiome sequencing services market in 2017, accounting for over 46% market share. This was due to significant investments in healthcare research. EMEA was the second prominent region in the market in 2017, with Europe as the leading revenue contributor to the microbiome sequencing services market in EMEA. This was due to the high number of clinical diagnostic tests performed for various ailments and increased number of genomic projects.

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Business Wire

Last updated on: 19/02/2018

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