Report ID: SQMIG35H2164
Report ID:
SQMIG35H2164 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
64 |
Figures:
75
Global Metabolomics Market size was valued at USD 2.83 Billion in 2022 and is poised to grow from USD 3.20 Billion in 2023 to USD 8.50 Billion by 2031, at a CAGR of 13 % during the forecast period (2024-2031).
The increase in the metabolomics adoption in precision medicine and the advancements in diagnostics to determine chronic conditions propel metabolomics market growth during the forecast period. R&D expenditures in the pharmaceutical and biopharmaceutical industries and technological improvements in analytical techniques are anticipated to spur market growth. Metabolomics is the systemic identification and quantification of all metabolites within a given organism or biological sample. Nuclear magnetic resonance spectroscopy and mass spectrometry provide enhanced resolution combined with powerful chemometric software allowing the simultaneous determination and comparison of thousands of chemical entities, leading to an expansion of small molecule biochemistry studies in bacteria, plants and mammals. Targeted and untargeted metabolomics services represent the two major types of metabolomics services offered. Advancements in analytical methods continue to uncover novel metabolites and pathways improving our understanding of metabolic dysregulation in disease.
Metabolomics has proven pivotal for customizing medical care by illuminating a person's metabolic signature. This allows precise determination, therapy selection, and tailored health management. Chronic conditions such as diabetes, heart disease, and cancers are increasingly common, creating demand for metabolomics. It enables in anticipating illness, assessing vulnerability, and tracking troubles through studying metabolic indicators, which is catalyzing in metabolomics market size. Furthermore, metabolomics sheds light on multifaceted interactions between one's makeup and surroundings, advancing precision at each phase from prevention to recovery. By unveiling fluctuations preceding symptoms, it may predict potential issues and mitigate issues beforehand through optimized diets or habits. Overall, metabolomics plays a transformative role in driving personalized approaches throughout healthcare.
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Report ID: SQMIG35H2164