Global Metabolomics Market

Metabolomics Market Size, Share, Growth Analysis, By Product and service(Metabolomics Instruments, Separation Tools, and Detection Tools), By End-use(Academic and Research Institutes, Pharmaceutical & Biotechnology Companies, Contract Research Organizations, and other End Users), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35H2164 | Region: Global | Published Date: March, 2024
Pages: 219 | Tables: 64 | Figures: 75

Metabolomics Market Insights

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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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 global metabolomics industry displays a competitive landscape driven by the presence of both the prominent players and growing companies. Major firms maintain a competitive presence with a wide range of metabolomics instruments, software and services. Moreover, academic and research institutes play a large role within the metabolomics space by creating (novel) metabolomics technologies and methodologies as well as collaborations with industry. Increasing number of startups offering niche metabolomics specific tools and services are also gaining traction in the market, increasing the level of competition and driving growth. In addition, due to the global nature of the market, it is also regional in nature with players focusing on specific geographic preferences and regulations.  'Agilent Technologies, Inc. (US)', 'Thermo Fisher Scientific, Inc. (US)', 'Shimadzu Corporation (Japan)', 'Waters Corporation (US)', 'Bruker Corporation (US)', 'PerkinElmer, Inc. (US)', 'Danaher Corporation (US)', 'Bio-Rad Laboratories, Inc. (US)', 'Metabolon, Inc. (US)', 'Human Metabolome Technologies, Inc. (Japan)', 'Agios Pharmaceuticals, Inc. (US)', 'LECO Corporation (US)', 'Biocrates Life Sciences AG (Austria)', 'Shimazu Europe GmbH (Germany)', 'Eurofins Scientific (Luxembourg)', 'Molecular Devices, LLC (US)', 'Phenomenex, Inc. (US)', 'Cambridge Isotope Laboratories, Inc. (US)', 'Sciex (US)', 'JEOL Ltd. (Japan)'

Metabolite profiling in biological matrices is a key approach to biomarker discovery and personalized medicine. These metabolomics studies participate in the identification of several biomarkers which involve complex clinical phenotypes using diverse biological systems. This contributes to the development of individualized medicine for action efficiency and toxicity rectification.  

Growing Application of Biomarkers: Bioinformatics tools allow the identification of new biomarkers based on changes in human physiology highlighted by metabolomics results. Biomarkers have the utility for in-vitro diagnostics, environmental toxicology screening and drug discovery and development platform methods. Over the past decade, the omics revolution has amplified metabolomics usages in biomedical fields.  

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.  

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Global Metabolomics Market

Report ID: SQMIG35H2164

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