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Metabolomics Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

Published : Mar 2023

Report ID: ARC374

Pages : 250

Format : Metabolomics Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

The Global Metabolomics Market Size collected USD 2.4 Billion in 2022 and is set to achieve a market size of USD 8.3 Billion in 2032 growing at a CAGR of 13.2% from 2023 to 2032.

Metabolomics Market Report Statistics

  • Global metabolomics market revenue is estimated to reach USD 8.3 billion by 2032 with a CAGR of 13.2% from 2023 to 2032
  • North America metabolomics market value occupied more than USD 1 billion in 2022
  • Asia-Pacific metabolomics market growth will record a CAGR of around 13% from 2023 to 2032
  • Among indication, the cancer sub-segment generated 40% share in 2022
  • Based on application, the biomarker discovery generated more than US $ 744 million revenue in 2022
  • Integration of artificial intelligence (AI) is a popular metabolomics market trend that fuels the industry demand

Metabolomics Market Report Statistics

The global natural language processing market is in an extremely profitable stage, especially for natural language processing software-based service providers and solution vendors. This is because of the increasing number of organizations and business firms working in a large number of domains and diverse verticals across the globe which are rapidly adopting natural language processing solutions for filling the communication gap between machines and humans. Rising demand for efficient improved and enhanced consumer experience around the world is uplifting to encourage end-user industries to increase their overall investments in natural language processing services and solutions which in turn is a key factor fueling the growth of the global natural language processing market over the forecast period. Moreover, the rising adoption of natural language programming in customer care processing organizations as well as a reduction in initial and operation costs is considered to be some of the key aspects anticipated to boost the growth of the global natural language processing market. In addition, improved insights into consumer perception as well as optimized business processes coupled with easy machine-to-machine technology can be easily derived by using natural processing language.

Global Metabolomics Market Dynamics

Global Metabolomics Market Dynamics

Market Drivers

  • Increasing demand for personalized medicine
  • Increased funding for metabolomics research
  • Growing applications in drug discovery and development
  • Rising prevalence of chronic diseases
  • Emergence of metabolomics consortia

Market Restraints

  • High cost of equipment and analysis
  • Limited standardization of analytical methods
  • Lack of comprehensive metabolite databases

Market Opportunities

  • Expansion of metabolomics applications
  • Growing interest in microbiome research
  • Increasing demand for point-of-care testing

Metabolomics Market Report Coverage

Market Metabolomics Market
Metabolomics Market Size 2022 USD 2.4 Billion
Metabolomics Market Forecast 2032 USD 8.3 Billion
Metabolomics Market CAGR During 2023 - 2032 13.2%
Metabolomics Market Analysis Period 2020 - 2032
Metabolomics Market Base Year 2022
Metabolomics Market Forecast Data 2023 - 2032
Segments Covered By Product & Service, By Indication, By Application, By End-Use, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Thermo Fisher Scientific Inc., Biocrates Life Sciences AG, Human Metabolome Technologies Inc., Metabolon Inc., Bruker Corporation, LECO Corporation, Waters Corporation, Agilent Technologies, Bio-Rad laboratories Inc., Shimadzu Corporation.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis

Metabolomics Market Growth Factors

The global metabolomics market is majorly driven due to increasing demand for personalized medicines. Moreover, increasing government funding and organizational initiatives, especially in Europe and North America is a key factor fueling the growth of the metabolomics market. The increasing necessity for improved research and development facilities along with rising investments in toxicology technologies across pharmaceutical and biotechnology sectors are some key factors propelling the growth of the global metabolomics market. Since personalized healthcare facilities facilitate in providing information to detect the onset of diseases at an earlier stage, it prevents the progression of the disease as well as increases the effectiveness of the healthcare system by refining the overall availability, quality, and affordability, thus driving the global metabolomics market. The increasing prevalence of chronic degenerative diseases such as neurodegenerative diseases, cardiovascular diseases, cancer, etc. is a key opportunity for the growth of the metabolomics market. Also, growing unmet medical demands is in turn creating the demand for personalized medication facilities across the globe, thus driving the market for metabolomics. However, the lack of standardized protocols and data complexity are some major factors hindering the growth of the global metabolomics market. Moreover, the shortage of skilled personnel in the field of metabolomics and the unavailability of complete metabolite libraries are some important factors hampering the market growth.

Metabolomics Market Growth 2023 - 2032

Metabolomics Market Segmentation

The worldwide metabolomics market is categorized based on product & service, indication, application, end-use, and geography.

Metabolomics Market By Product & Service

  • Metabolomics Instruments
  • Metabolomics Bioinformatics Tools & Service

According to the metabolomics market forecast, the metabolomics bioinformatics tools and services segment is also growing rapidly, driven by the need for specialized software and expertise to analyze and interpret large metabolomics datasets. Data processing and analysis software, statistical tools, and data visualization tools are all part of the bioinformatics segment. This segment's expansion is anticipated to keep up in the coming years as the volume and complexity of metabolomics data increases. However, in 2022, the metabolomics instruments segment accounted for the lion's share of the metabolomics market, with mass spectrometry instruments accounting for the lion's share of this segment. This segment's expansion can be attributed to the increasing use of mass spectrometry-based metabolomics for drug discovery, disease diagnosis, and biomarker identification.

Metabolomics Market By Indication

  • Cancer
  • Cardiovascular Disorders
  • Neurological Disorders
  • Inborn Errors of Metabolism
  • Others

Metabolomics Market Opportunities

Among all the indications, cancer sub-segment is expected to occupy significant market share in 2022 and is likely to continue in the coming years from 2023 to 2032. Cancer is a significant indication for metabolomics research and has been the subject of numerous studies in recent years. Metabolomics has been used to identify metabolic biomarkers for various types of cancer, including breast, lung, prostate, and ovarian cancer. These biomarkers can be used to develop new diagnostic tools, monitor disease progression, and develop targeted therapies.

Metabolomics Market By Application

  • Biomarker Discovery
  • Drug Discovery
  • Toxicology Testing
  • Nutrigenomics
  • Functional Genomics
  • Personalized Medicine
  • Others

Metabolomics Market Drivers

According to our metabolomics industry analysis, biomarker discovery will be the most important application segment for the metabolomics market in 2022. This segment includes diagnostics, drug discovery, and personalized medicine applications. Metabolomics' ability to identify metabolic biomarkers linked to a variety of diseases has made it an appealing tool for developing new diagnostic tests and personalized treatments. However, other application segments for metabolomics research and application include drug discovery, toxicology testing, nutrigenomics, and functional genomics. Metabolomics, for example, is increasingly being used in drug discovery to identify potential drug targets and screen compounds for their effects on metabolic pathways.

Metabolomics Market By End-Use

  • Academic Research & Institutes
  • Pharmaceutical & Biotechnology Companies
  • Contract Research Organizations
  • Others

End-users in the metabolomics market are dominated by pharmaceutical and biotechnology companies. Metabolomics is becoming a valuable tool for the pharmaceutical and biotechnology industries due to its increasing use in drug discovery and development, as well as personalized medicine. Metabolomics is a technique for identifying metabolic biomarkers linked to various diseases and developing targeted therapies based on these biomarkers. Because metabolomics is used in a wide range of basic and applied research applications, academic research and institutes is a significant end-use segment for the metabolomics market. Contract research organizations (CROs), which provide research services to the pharmaceutical, biotechnology, and academic sectors, are another important end-use segment.

Metabolomics Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

Metabolomics Market Regional Analysis

In 2022, North America dominated the metabolomics market, accounting for the largest share. This is due, in part, to the presence of a large number of pharmaceutical and biotechnology companies in the region, as well as the high level of R&D investment.

Europe is also a major market for metabolomics, with major players in the field including the United Kingdom, Germany, and France. The Asia Pacific region is expected to be the fastest growing metabolomics market, owing to factors such as increased investment in healthcare and life sciences research, a thriving biopharmaceutical industry, and the existence of a large and diverse population.

Metabolomics Market Players

Some of the global Metabolomics companies profiled in the report include Thermo Fisher Scientific Inc., Biocrates Life Sciences AG, Human Metabolome Technologies Inc., Metabolon Inc., Bruker Corporation, LECO Corporation, Waters Corporation, Agilent Technologies, Bio-Rad laboratories Inc., Shimadzu Corporation.Metabolomics Market Regional Analysis

Frequently Asked Questions

What was the market size of the global metabolomics in 2022?

The market size of metabolomics was USD 2.4 Billion in 2022.

What is the CAGR of the global metabolomics market during forecast period of 2023 to 2032?

The CAGR of metabolomics market is 13.2% during the analysis period of 2023 to 2032.

Which are the key players operating in the market?

The key players operating in the global market are include Thermo Fisher Scientific Inc., Biocrates Life Sciences AG, Human Metabolome Technologies Inc., Metabolon Inc., Bruker Corporation, LECO Corporation, Waters Corporation, Agilent Technologies, Bio-Rad laboratories Inc., Shimadzu Corporation.

Which region held the dominating position in the global metabolomics market?

North America held the dominating position in metabolomics market during the analysis period of 2023 to 2032.

Which region registered the fastest growing CAGR for the forecast period of 2023 to 2032?

Asia-Pacific region exhibited fastest growing CAGR for metabolomics market during the analysis period of 2023 to 2032.

What are the current trends and dynamics in the global metabolomics market?

The current trends and dynamics in the metabolomics industry include increasing demand for personalized medicine, increased funding for metabolomics research, and growing applications in drug discovery and development.

Which indication held the maximum share in 2022?

The cancer indication held the maximum share of the metabolomics market.

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