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Cancer Microbiome Sequencing Market - A Global and Regional Analysis

Focus on Offering, Application, Technology, End User, and Region - Analysis and Forecast, 2021-2031

 
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The global market for cancer microbiome sequencing is predicted to grow at a CAGR of 20.01% over the forecast period of 2021-2031.
The top market players are CD Genomics, Eurofins Scientific, GoodGut, Illumina, Inc., Prescient Medicine Holdings, Inc., Micronoma Inc., Novogene Co., Ltd., Oxford Nanopore Technologies plc., OraSure Technologies, Inc., Pacific Biosciences of California, Inc., Psomagen, Inc., QIAGEN N.V., Thermo Fisher Scientific Inc., Viome, Inc., Zymo Research Corporation.
Factors driving the growth of the cancer microbiome sequencing market are increasing emphasis on the microbiome’s potential in the field of cancer, global increase in cancer prevalence, and decreasing cost of sequencing.
Some of the main challenges restricting the growth of the cancer microbiome sequencing market are regulatory challenges for direct-to-consumer (DTC) companies, lack of high complexity testing centers, and existing diagnostic confidence in conventional cancer diagnostics.
The potential opportunities that are likely to boost the growth of the cancer microbiome sequencing market are the growing integrative industry-academia collaboration and massive scope for the adoption of cancer microbiome sequencing in developing nations.
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