Report ID: SQMIG35H2164
Report ID:
SQMIG35H2164 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
64 |
Figures:
75
According to metabolomics market analysis, North America is dominating with the largest metabolomic market share. The region has a well-developed healthcare infrastructure, including prominent research institutions, biotechnology and life science companies, and academic centers. This platform enables high-end, leading-edge research and development in metabolomics through next-generation technologies and approaches. There are large investments in biomedical research in North America, especially government funding but also from the private sector. Such investments fuel an ongoing innovation cycle in metabolomics, which creates new biomarkers, diagnostics and therapeutic approaches. The focus on personalized medicine and precision healthcare in the region is another driver for the uptake of metabolomics technologies. Metabolomics is essential for the comprehension of disease mechanisms, for biomarker discovery and also to address individualized treatment strategies.
Asia Pacific is expected to witness the fastest growth rate during the metabolomics market forecast period. The region is witnessing growing economic development, higher health care expenses and enhanced research and development activities. In addition, countries such as China, Japan and India have incurred heavy investments in the fields of biotechnology and life sciences causing academic & research institutes to expand or new innovative startups to emerge. Factors such as the increasing prevalence of chronic diseases, growing awareness regarding personalized medicine, and rising demand for advanced healthcare technology are expected to bolster the uptake of metabolomics in North America. Over the next few years, Asia Pacific is pegged as one of the lucrative regional markets for precision medicine due to rising investment in research infrastructure and initiatives.
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Report ID: SQMIG35H2164