Global Metagenomics Market Size & Outlook, 2023-2030

The metagenomics industry worldwide is expected to reach a projected revenue of US$ 4,822.7 million by 2030. A compound annual growth rate of 13.2% is expected of the worldwide metagenomics industry from 2024 to 2030.

Revenue, 2023 (US$M)
$2,028.1
Forecast, 2030 (US$M)
$4,822.7
CAGR, 2024 - 2030
13.2%
Report Coverage
Worldwide

Global metagenomics market highlights

  • The global metagenomics market generated a revenue of USD 2,028.1 million in 2023 and is expected to reach USD 4,822.7 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 13.2% by 2030.
  • In terms of segment, kits & reagents accounted for a revenue of USD 1,246.9 million in 2023.
  • Sequencing & Data Analytics Services is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2023.
  • Country-wise, Thailand is expected to register the highest CAGR from 2024 to 2030.


Global data book summary

Market revenue in 2023USD 2,028.1 million
Market revenue in 2030USD 4,822.7 million
Growth rate13.2% (CAGR from 2023 to 2030)
Largest segmentKits & reagents
Fastest growing segmentSequencing & Data Analytics Services
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationKits & Reagents, Sequencing & Data Analytics Services, Software


Other key industry trends

  • In terms of revenue, the North America accounted for 40.3% of the global metagenomics market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Thailand is the fastest growing regional market and is projected to reach USD 14.3 million by 2030.

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Metagenomics Market Companies

Name Profile # Employees HQ Website

Global metagenomics market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to metagenomics market will help companies and investors design strategic landscapes.


Kits & reagents was the largest segment with a revenue share of 61.48% in 2023. Horizon Databook has segmented the Global metagenomics market based on kits & reagents, sequencing & data analytics services, software covering the revenue growth of each sub-segment from 2018 to 2030.


The global metagenomics market is surging as the outcome of advancement in technology have led to a substantial decline in the cost of genome sequencing over the past few years. For instance, Illumina introduced a sequencing system with higher throughput in 2010 for around USD 10,000. The innovation and technological advancement assisted the company to bring the cost to USD 600 in 2021. As a result, an increase in the number of metagenomics studies and their usage in clinical applications for sequence analysis has been reported.


Further developments in DNA technologies and bioinformatics that simplify RNA are expected to additionally reduce the cost of metagenomics along with enhancing the precision of analysis. Strategic initiatives undertaken by academic institutions and companies to advance innovative technologies are anticipated to support the upward market momentum of metagenomics. For instance, in September 2022, Illumina, Inc. announced to invest in six genomics startups from UK, South Africa, Ireland, Israel, Indonesia, and the U.S. As of September 2022, the company has invested in 74 genomics-based startups.

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  • Our clientele includes a mix of metagenomics market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global metagenomics market , including forecasts for subscribers. This global databook contains high-level insights into Global metagenomics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global metagenomics market size, by region, 2018-2030 (US$M)

Top 10 countries: Metagenomics market size, 2023 (US$M)

Global metagenomics market share, by product, 2023 & 2030 (%, US$M)

metagenomics market: Opportunity assessment by country

Global metagenomics market, by region, 2023 (US$M)

Global metagenomics market size, by region, 2018-2030 (US$M)

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