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Metabolomics Market Driven by Healthcare Growth, R&D Investments, and Technological Advancements

10-09-2024 01:47 PM CET | Health & Medicine

Press release from: Emergen Research

Metabolomics Market

Metabolomics Market

The global metabolomics market size was USD 2.58 Billion in 2022 and is expected to register a revenue CAGR of 14.6% during the forecast period. The global metabolomics market is witnessing significant growth, propelled by the expanding healthcare industry, increased prevalence of chronic diseases, and a surge in research and development activities. Additionally, the integration of advanced technologies such as Artificial Intelligence (AI), the Internet of Things (IoT), and Machine Learning (ML) is enhancing the reliability and efficiency of treatments, driving further market expansion.

A recent report highlights several key drivers of this growth. Chronic diseases affect a substantial portion of the population, with the Centers for Disease Control and Prevention reporting that 60% of adults in the United States have at least one chronic disease. The financial burden of these diseases is staggering, with healthcare costs exceeding $4.3 trillion annually. This urgent need for innovative treatments is motivating the development of metabolomics, a field that analyzes metabolites for new therapeutic solutions.

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Technological Innovations and Market Dynamics

Metabolomics employs a variety of analytical techniques, including spectroscopy and chromatography, to analyze metabolites. Techniques such as nuclear magnetic resonance and mass spectrometry play crucial roles in this analysis. The market is experiencing a wave of technological advancements. For example, Bruker, a key player in the field, launched new products in June 2021 to enhance metabolomics accuracy. Additionally, in January 2022, Bruker acquired Prolab Instruments to further improve its metabolomics solutions.

Despite the promising outlook, challenges remain. The high costs associated with metabolomics instruments and the complexity of data interpretation are significant barriers. Many regions lack access to advanced metabolomics technologies due to financial constraints, which could impede market growth.

Market Segmentation Insights

The metabolomics market is categorized into product and service segments. The bioinformatics tools and services segment currently holds the largest market share, driven by the growing need for efficient data management in metabolomics analysis. However, the metabolomics instruments segment is expected to experience the fastest growth during the forecast period, with separation techniques and detection methods leading the way.

In terms of indications, the cancer segment dominates the market, reflecting the increasing use of metabolomics in oncology. According to GLOBOCAN, there were approximately 19.3 million new cancer cases in 2020, with predictions suggesting this number will rise significantly by 2040. Metabolomics plays a crucial role in identifying potential biomarkers for cancer treatment, thereby facilitating earlier diagnoses and improving patient outcomes.

On the other hand, the cardiovascular disorders segment is anticipated to grow the fastest due to the rising global prevalence of these diseases. The World Health Organization estimates that cardiovascular diseases lead to around 17.9 million deaths each year, emphasizing the urgent need for effective metabolomics solutions.

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End-Use Market Dynamics

The market is also segmented by end-use, with academic and research institutes accounting for the largest share in 2022. These institutions are increasingly focused on conducting studies that provide valuable insights into metabolomics. Meanwhile, the pharmaceutical and biotechnology companies segment is expected to grow rapidly, driven by improved access to treatment options and the demand for new medications.

As the metabolomics market continues to evolve, the combination of rising healthcare needs, innovative technologies, and strategic collaborations among companies positions it for substantial growth in the coming years.

Metabolomics Top Companies and Competitive Landscape

The global metabolomics market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective Metabolomics solutions.

Some major players included in the global metabolomics market report are:

Afekta Technologies Ltd.

DNA Xperts Private Limited

Metabolomic Technologies Inc.

Agilent Technologies, Inc.

MS-OMICS

PerkinElmer Inc.

Thermo Fisher Scientific Inc.

Shimadzu Corporation

BASF SE

Metabolon, Inc.

Metabolomics Latest Industry Updates

In July 2021, Thermo Fisher Scientific Inc. and the University of California, Davis (UC Davis) launched the Center of Excellence in Clinical Metabolomics, a research collaboration to provide innovations, the best practices, and standard operating procedures to the metabolomics community.

In December 2021, Dickinson and Company (BD) announced that "embecta" will be the name of the publicly traded company that will hold BD's Diabetes Care business.

Browse The Full Metabolomics Market Report Description, Along With The Tocs And List Of Facts And Figures @ https://www.emergenresearch.com/industry-report/metabolomics-market

Metabolomics Market Segmentation Analysis

For the purpose of this report, Emergen Research has segmented global metabolomics market on the basis of products & services, application, indication, end-use, and region:

Products & Services Outlook (Revenue, USD Billion; 2019-2032)

Metabolomics instruments

Metabolomics bioinformatics tools and services

Application Outlook (Revenue, USD Billion; 2019-2032)

Drug discovery

Biomarker discovery

Nutrigenomics

Functional genomics

Personalized medicine

Others

Indication Outlook (Revenue, USD Billion; 2019-2032)

Cancer

Cardiovascular disorders

Neurological disorders

Others

End-Use Outlook (Revenue, USD Billion; 2019-2032)

Academic and research institutes

Contract research organizations

Pharmaceutical and biotechnology companies

Others

Regional Outlook (Revenue, USD Billion; 2019-2032)

North America

U.S.

Canada

Europe

Germany

France

U.K.

Italy

Spain

Benelux

Russia

Rest of Europe

Asia Pacific

China

Japan

South Korea

India

ASEAN Countries

Oceania

Rest of APAC

Latin America

Brazil

Mexico

Rest of LATAM

Middle East & Africa

GCC Countries

Israel

Turkey

South Africa

Rest of MEA

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Comprehensive Market Report: Understanding Trends and Opportunities

Metabolomics Market Size @ https://www.emergenresearch.com/industry-report/metabolomics-market/market-size

Metabolomics Market Share @ https://www.emergenresearch.com/industry-report/metabolomics-market/market-share

Metabolomics Market Trends @ https://www.emergenresearch.com/industry-report/metabolomics-market/market-trends

Metabolomics Regional Market Demand @ https://www.emergenresearch.com/industry-report/metabolomics-market/regional-market-demand

Metabolomics Market Analysis @ https://www.emergenresearch.com/industry-report/metabolomics-market/market-analysis

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Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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