Metabolomics Services Market Size Worth USD 6.36 Billion by 2030 at 11.92% CAGR

Metabolomics Services Market Trends and Insights by Product and Service (Chromatography, Metabolomics Bioinformatics Services and Mass Spectrometry), by Application (Biomedical and Pharmaceutical, Agriculture and Food), Competitive Market Growth, Size, Share and Forecast to 2030

New York, U.S., October 19, 2022 (GLOBE NEWSWIRE) — Metabolic Services Market overview

According to a comprehensive research report by Market Research Future (MRFR) “Metabolic Services Market Information by products and services, application and region – Forecast to 2030‘, the market size was estimated at USD 2.02 billion in 2021 and is projected to reach USD 6.36 billion by 2030 at a CAGR of 11.92% over the forecast period 2022-2030.

market scope

Integrating metabolomics into development projects has the potential to significantly increase the success and efficiency of drug discovery, as potential candidates can be separated at early stages. Therefore, metabolomics is now one of the most indispensable parts of the latest drug discovery and development process, along with disease diagnosis.

In addition, with the spread of personalized medicine, the demand for highly sensitive, accurate and rapid quantification methods such as metabolomics to evaluate clinical samples has also increased. It is noteworthy that numerous types of methods for detecting metabolites, such as B. untargeted metabolomics and targeted metabolomics, used for diagnosis, therapy development and efforts to determine the severity of COVID-19.

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Report scope:

Metabolic Services Market Competitive landscape:

Major Vendors in Metabolomics Services Industry include

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• Agilent Technologies, Inc. (USA)

• body of water (USA)

• Bruker (USA)

• TMIC (Canada)

• Thermo Fisher Scientific (US)

• Biocrates Life Sciences AG (Austria)

• Creative Proteomics (US)

• Human Metabolome Technologies America Inc (Japan)

• Shimazdu Corporation (Japan)

• Metabolon, INC (USA)

Metabolic Services Market USP dynamics:

Market leader:

With the alarming increase in life-threatening diseases such as cardiovascular disease and cancer, the need for metabolomics has increased significantly as it focuses on creative approaches with impressive potential. This has led to an increase in private and government investment in the metabolomics market. WHO says cancer remains the second leading cause of death, accounting for one in six deaths. Stomach, lung, liver and prostate cancer are among the most common cancers in men, while colon, breast, thyroid and cervical cancer are common in women.

The Metabolomics Innovation Center (TMIC) shows that metabolomics has experienced a remarkable rise in the last decade with impressive discoveries in numerous diseases. This has increased the number of metabolomics facilities worldwide while also increasing the number of over 85 campus metabolomics facilities across North America in the past decade.

The growing base of elderly population is increasing the rates of disorders and diseases like diabetes coupled with the growing burden of cancer which is increasing the growth rate of the market. The Endocrine Society article published in January 2022 suggests that 36 percent of adults over the age of 65 have diabetes while also being at risk of developing diabetes-related complications such as heart disease, hypoglycemia and kidney failure, compared to younger people who have diabetes. These numbers will no doubt increase the need for metabolomics services over the next few years.

Market Restrictions:

Metabolomics techniques produce vast amounts of heterogeneous data that are complex and difficult to interpret. Due to the chemical diversity of the small molecule metabolites, it is extremely difficult to analyze the data with a single analytical technique. These factors could hinder the pace of expansion of the overall market in the years to come.

occasions

The favorable business scenario in emerging markets offers numerous lucrative opportunities. Large economies like India are witnessing acquisitions and mergers as well as collaborations between different government agencies based on R&D activities related to metabolomics. This is in line with an increase in investments from both public and private organizations that are positively impacting the metabolomics services market in India and various other countries in Asia.

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COVID-19 Analysis

The outbreak of COVID-19 and then the global lockdown caused a huge collapse in the healthcare industry amid the closure of manufacturing units and travel restrictions. The immense pressure on the healthcare system in view of the growing number of patients suffering from SARS-CoV-2 has been onerous. However, given the rapid adoption of these services, it could bode well for the metabolomics services industry.

In addition, as lockdowns are lifted in various countries and the focus shifts to the search for a vaccine against the novel coronavirus, leading industry players are able to recover somewhat. This will lead to a faster recovery of the global market in the years to come.

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Metabolic Services Market segmentation

By product and service

Metabolomics bioinformatics services, mass spectrometry and chromatography are the main products and services considered in the report. The mass spectrometry segment is expected to take the highest share of the global market in the coming years, while the metabolomics bioinformatics services segment will come second.

through application

Agriculture and food, biomedical and pharmaceutical and others are the main applications of metabolomics services.

The biomedical and pharmaceutical segment secured the top spot in 2018 and will remain in the global market throughout the likely period.

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Metabolic Services Market Regional Insights

The American market for metabolomics services is currently the world leader due to the growing number of patients suffering from cardiovascular diseases and cancer. The robust base of several reputable companies operating in the US, the increase in biomedical research activities in the country, and the increase in preclinical activities by pharmaceutical companies and CROs in the region will also benefit the market.

Europe has secured the second major place in the market for metabolomics services. A number of well-established providers in the region offer a variety of comprehensive metabolomics services which should be extremely favorable for the market in the years to come.

Asia-Pacific will be the fastest developing region in the metabolomics services market as the number of patients affected by chronic diseases is growing rapidly and the need for effective therapies is ever greater.

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