The Metabolomics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Metabolomics Global Market Report 2024, The metabolomics market size has grown rapidly in recent years. It will grow from $3.11 billion in 2023 to $3.6 billion in 2024 at a compound annual growth rate (CAGR) of 15.8%. The growth in the historic period can be attributed to advancements in healthcare, drug discovery and development, disease biomarker identification, academic and research institutions, nutrition and food science.
The metabolomics market size is expected to see rapid growth in the next few years. It will grow to $6.68 billion in 2028 at a compound annual growth rate (CAGR) of 16.7%. The growth in the forecast period can be attributed to personalized healthcare, drug safety and efficacy, microbiome and gut health, environmental and agricultural applications, regenerative medicine. Major trends in the forecast period include integration with other omics, targeted metabolomics, single-cell metabolomics, data analytics and ai, point-of-care testing.
The increasing prevalence rate of cancer drives the metabolomics market growth. Metabolomics screens the potential biomarkers (specific cells, molecules, or genes, gene products, enzymes, or hormones) to measure the cancer drug responsiveness aiding early diagnosis. For instance, according to a report by WebMD, an American publisher of health-related news, in 2021, 10 million people died of cancer worldwide. For instance, in January 2022, according to the American Cancer Society, a US-based non-profit health organization dedicated to cancer elimination, the United States is anticipated to have 1.9 million new instances of cancer and 609,360 deaths due to cancer in 2022, for a total of 1,670 fatalities each day. Metabolomics approaches such as nuclear magnetic resonance (NMR) technique and mass spectrometry (MS) techniques have been used to study cancer. Companies like Metabolon Inc., Bruker Corp., and others have adopted metabolomics as a tool for early detection and cure for cancer.
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The metabolomics market covered in this report is segmented –
1) By Product & Service: Metabolomics Instruments; Metabolomics Bioinformatics Tools & Services
2) By Indication: Cancer; Cardiovascular Disorders; Neurological Disorders; Inborn Errors of Metabolism; Other Indications
3) By Application: Biomarker Discovery; Drug Discovery; Toxicology Testing; Nutrigenomics; Functional Genomics; Personalized Medicine; Other Applications
Subsegments: Separation Techniques; Detection Techniques; Bioinformatics Tools and Database; Bioinformatics Services
The metabolomics market report table of contents includes:
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