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