Global Microbiome Sequencing Services Market - Rise in Chronic and Infectious Diseases to Boost Growth | Technavio
February 19 2018 - 12:08AM
Business Wire
Technavio market research analysts forecast the global
microbiome sequencing services market to grow at a CAGR of over
22% during the period 2018-2022, according to their latest
report.
This press release features multimedia. View
the full release here:
http://www.businesswire.com/news/home/20180218005059/en/
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).
This report is available at a USD 1,000 discount for a
limited time only: View market snapshot before
purchasing
Save more with Technavio. Buy 2 reports and get
the third for FREE: View all Technavio’s current
offers
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.”
Looking for more information on this market? Request a
free sample report
Technavio’s sample reports are free of charge and contain
multiple sections of the report such as the market size and
forecast, drivers, challenges, trends, and more.
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.
Big savings with Technavio this
February!
Get 20% OFF on all Education Technology reports.
This offer is valid only till the 28th of this month.
OR
Celebrate winter sports with 23% OFF on all reports in
the Outdoor Gear library (Offer valid from Feb 9-25).
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.
If you are interested in more information, please contact our
media team at media@technavio.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180218005059/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com