openPR Logo
Press release

Metabolomics Market is expected to reach $3,301 million by 2023, at a CAGR of 13.2%

02-06-2020 06:51 PM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Metabolomics Market

Metabolomics Market

According to the report, the global metabolomics market was valued at $1,572 million in 2017 and is expected to reach $3,301 Mn by 2023, growing at a CAGR of 13.2% during the forecast period.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/525

The growth of the global metabolomics market is driven by rise in prevalence of chronic diseases worldwide, an upsurge in R&D investment for the development of metabolomics, and an increase in demand for personalized medicine. However, the lack of skilled professionals in the field along with the astronomical price of metabolomic instruments hampers market growth. Nonetheless, the immense potential of metabolomics in disease diagnostics and its growing prospect in human nutrition would create lucrative opportunities for emerging market players in the near future.

Metabolomics bioinformatics tools and services to hold a dominant position

Based on product & services, metabolomics bioinformatics tools and services segment is expected to be the largest and fastest growing segment through 2023. This is attributed to the tremendous progress demonstrated by bioinformatics, which is poised to grow even further in the near future driven by the use of robust algorithms and parameter estimation techniques in life-science research and analysis.

Cancer to remain the largest segment through 2023

By indication, the cancer segment is poised to occupy more than two-fifths of the global market by 2023, owing to the rise in the number of cancer incidences worldwide and the immense potential of discovering new cancer biomarkers through metabolomics research. However, other indicators segment is projected to grow at the fastest CAGR of 14.0%, as a wide range of fields including toxicology testing, finding nutrition levels, and drug discovery implement metabolomics as a diagnostic tool.

For More Details: https://www.alliedmarketresearch.com/metabolomics-market

Personalized medicine to encounter the highest growth during the forecast period

By application, the personalized medicine segment is expected to exhibit the highest growth rate during the forecast period, a CAGR of 17.3%, due to its advantage over other segments in directly targeting the cause of any disease. However, the biomarker discovery segment is projected to generate almost half of the total revenue by 2023, driven by incessant research on finding biomarkers for cancer.

Asia-Pacific to grow at the fastest rate through 2023

Surge in cancer awareness, rise in medical tourism, and a large number of patient population that's estimated to increase are key factors that are projected to render Asia-Pacific the fastest growing region through 2023. However, Europe would continue to occupy the largest market share, owing to well-developed healthcare infrastructure and higher demand for metabolomics based diagnostics.

Key market players

The key players analyzed in the report include Agilent Technologies, Inc., Danaher Corporation, Biocrates Life Sciences AG, Bruker Corporation, Leco Corporation, Metabolon, Inc., Human Metabolome Technologies, Inc., Bio-Rad Laboratories, Inc., Shimadzu Corporation, Waters Corporation, and Thermo Fisher Scientific Inc. They have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others to gain a strong position in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Life Science Market: https://www.alliedmarketresearch.com/reports-store/life-sciences
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Metabolomics Market is expected to reach $3,301 million by 2023, at a CAGR of 13.2% here

News-ID: 1922290 • Views:

More Releases from Allied Market Research

High Power Microwave Directed Energy Weapons Market Size is Projected to Surge at 15.1% CAGR, Reaching $5 billion by 2032
High Power Microwave Directed Energy Weapons Market Size is Projected to Surge a …
High Power Microwave Directed Energy Weapons Market by Type (Pulsed-Wave High Power Microwave, and Continuous-Wave High Power Microwave), Platform (Airborne, Naval, and Ground-based), and End-user (Army, Navy, and Airforce): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global high-power microwave directed energy weapons industry generated $1.27 billion in 2022 and is anticipated to generate $5.01 billion by 2032, witnessing a CAGR of 15.1% from 2023 to
Battery recycling Market to Observe Strong Development by 2032 - Li-Cycle, Umicore, HUSKY BATTERY SOLUTIONS, etc.
Battery recycling Market to Observe Strong Development by 2032 - Li-Cycle, Umico …
Battery recycling, often referred to as "battery recycling recycling" or "used battery recycling," specifically refers to discarded or used batteries that are no longer functional and are collected for recycling purposes. Battery recycling helps conserve natural resources, reduces the environmental impact of hazardous materials, and minimizes the need for new mining or extraction. It is important to dispose of batteries properly by recycling them at designated collection points or facilities,
Brazil Oil and Gas Separation Market to Record Sturdy Growth by 2032 - SLB, NOV Inc, ABS Group, Sulzer Ltd, etc.
Brazil Oil and Gas Separation Market to Record Sturdy Growth by 2032 - SLB, NOV …
Brazil oil and gas separation market is expected to witness increased demand during the forecast period due to a rise in demand for energy. Growth in the adoption of non-conventional exploratory methods coupled with an increase in the production of shale gas and oil is expected to drive the market growth. The Brazil oil and gas separation market was valued at $476.5 million in 2022 and is projected to reach
Commercial Heat Pump Water Heater Market Will See Strong Expansion Through 2032 - Smith Corp, Daikin Industries, Mitsubishi Electric, etc.
Commercial Heat Pump Water Heater Market Will See Strong Expansion Through 2032 …
Heat pump water heater uses energy-efficient technology to heat water for various commercial applications. It operates on the same principles as a heat pump used for space heating & cooling but is specifically configured to heat water. Further, owing to economic growth in emerging markets, the demand for commercial heat pump water heaters size is anticipated to witness growth during the forecast period. The commercial heat pump water heater market

All 5 Releases


More Releases for Metabolomics

Global metabolomics technology market, size, share and trends, analysis report b …
Orion Market Research (OMR) recently published a market research report on the global metabolomics technology market. The market is segmented on the basis of product & service and application. On the basis of product & services, the market is further segmented into metabolomics instruments and bioinformatics. Furthermore, metabolomics instruments are sub-segmented into chromatography, mass spectrometry, nuclear magnetic resonance spectroscopy, others (capillary electrophoresis, surface-based mass analysis). Metabolomics is a study to identify
Metabolomics Market Segmentation Analysis
A large pool of players with a robust presence points towards the high degree of competition in the global metabolomics.market Thermo Fisher, Biocrates Life Sciences, Agilent Technologies, Shimadzu, Human Metabolome Technologies, Waters, Metabolon, LECO, Bruker, and Bio-Rad Laboratories are some of the key companies leading this market, finds a new research report by Transparency Market Research (TMR). Hitherto, these companies have relied upon innovation and product advancements for the growth of
Global Metabolomics Market $1.4 Billion by 2021
The global metabolomics market is estimated to reach $1. 4 Billion in 2021, growing at a CAGR of 15.6% from 2017 to 2021, according to a market research report Metabolomics Market Analysis and Forecast 2017-2021, published by iHealthcareAnalyst, Inc. The metabolomics market report estimates the market size (Revenue $million - 2014 to 2021) and key market segments based on detection and separation techniques used, its applications (biomarker discovery, clinical toxicology, drug
Metabolomics Market: Future Demand and Growth Analysis
Metabolomics is the extensive study of small molecules, generally known as metabolites, within cells, biofluids, tissues or organisms. Together, these small molecules and their interactions in a biological system are known as the metabolome. Metabolomics involves the study of substrates and products of metabolism, which are affected by genetic and environmental factors. With the increasing applications of metabolomics in life sciences, the demand is increasing gradually. Metabolomics is gaining more
Metabolomics Market: Overview & Sector Analysis (2016 - 2024)
Biomarker discovery segment to be the largest share of the global metabolomics market The global metabolomics market is segmented on the basis of metabolomics instruments, application, indication, and geography. On the basis of metabolomics instrument, the metabolomics market is segmented into separation technique and detection technique. The separation technique is further segmented into gas chromatography, capillary electrophoresis, high-performance liquid chromatography, and ultra-performance liquid chromatography. The detection technique is further segmented into
Metabolomics Market : Future of Metabolomics Dependent on Biomarker Discovery an …
According to a new market report published by Transparency Market Research “Metabolomics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2024”, the metabolomics market is anticipated to expand at a CAGR of 17.1% from 2016 to 2024 to reach USD 2,494.8 million by 2024. Metabolomics is the extensive study of small molecules, generally known as metabolites, within cells, biofluids, tissues or organisms. Together, these small molecules