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    Metabolomics Services Market

    ID: MRFR/HC/6963-CR
    78 Pages
    Rahul Gotadki
    October 2019

    Metabolomics Services Market Research Report Information By Product and Service (Chromatography, Metabolomics Bioinformatics Services and Mass Spectrometry), By Application (Biomedical and Pharmaceutical, Agriculture and Food) - Global Forecast till 2032

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    Metabolomics Services Market Infographic
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    Metabolomics Services Market Summary

    As per Market Research Future Analysis, the Global Metabolomics Services Market was valued at USD 2.62 Billion in 2023 and is projected to reach USD 7.41 Billion by 2032, growing at a CAGR of 12.28% from 2024 to 2032. The market is driven by the increasing prevalence of cancer, technological advancements in instrumentation, and the expanding applications of metabolomics in various fields such as toxicology, environmental analysis, and disease research. The COVID-19 pandemic has further highlighted the importance of metabolomics in understanding disease mechanisms and developing effective treatments. Key players in the market include Agilent Technologies, Waters, and Thermo Fisher Scientific, among others.

    Key Market Trends & Highlights

    The Metabolomics Services Market is witnessing significant growth driven by various factors.

    • Market Size in 2023: USD 2.62 Billion.
    • Projected Market Size by 2032: USD 7.41 Billion.
    • CAGR from 2024 to 2032: 12.28%.
    • Largest Market Share in 2021: Biomedical & Pharmaceutical segment.

    Market Size & Forecast

    2023 Market Size USD 2.62 Billion
    2024 Market Size USD 2.94 Billion
    2032 Market Size USD 7.41 Billion
    CAGR (2024-2032) 12.28%

    Major Players

    Agilent Technologies, Inc. (U.S.), Waters (U.S.), Bruker (U.S.), TMIC (Canada), Thermo Fisher Scientific (U.S.), Biocrates Life Sciences AG (Austria), Creative Proteomics (U.S.), Human Metabolome Technologies America Inc (Japan), Shimadzu Corporation (Japan), Metabolon, Inc. (U.S.)

    Metabolomics Services Market Trends

    Drivers

    Growing Prevalence Of Cancer

    The surge in cancer cases globally in different body areas is predicted to motivate the metabolomics services market size in the upcoming period.

    Technological Advancements In Instrumentation

    The breakthroughs in the instruments used for metabolomics related studies is estimated to enhance the global market considerably in the forecast period.

    Increasing Application Of Metabolomics

    The use of metabolomics in various studies for diverse ailments is predicted to spur the growth of the Metabolomics Services Market.

    Opportunities

    Expansion In Developing Countries

    The development of emerging economies is estimated to shape the Metabolomics Services Market considerably in the forecast period. With increased funding for businesses' research and growth, it is predicted to transform the countries' metabolomics market.

    Challenges

    High Cost Of Instruments

    The raised costs associated with using the metabolomics tools and services are estimated to stagnate the growth of the Metabolomics Services Market.

    Government Policies And Regulations

    The strict regulations related to healthcare-related businesses are estimated to create fresh expansion opportunities in the forecast period.

    The increasing integration of metabolomics in personalized medicine and drug development suggests a transformative potential for healthcare, as it enables a deeper understanding of metabolic processes and their implications for disease management.

    National Institutes of Health (NIH)

    Metabolomics Services Market Drivers

    Rising Demand for Personalized Medicine

    The Global Metabolomics Services Market Industry experiences a notable surge in demand for personalized medicine, driven by advancements in genomics and biotechnology. As healthcare shifts towards individualized treatment plans, metabolomics plays a crucial role in understanding patient-specific metabolic profiles. This trend is evidenced by the projected market value of 2.94 USD Billion in 2024, reflecting a growing recognition of the importance of metabolic analysis in tailoring therapies. The integration of metabolomics into clinical practice not only enhances treatment efficacy but also minimizes adverse effects, thereby fostering a more patient-centered approach in healthcare.

    Market Segment Insights

    Metabolomics Services Product And Service Insights

    The mass spectrometry segment is estimated to have a majority share of the global market, with metabolomics bioinformatics services coming in second through the forecast period.

    Metabolomics Services Application Insights

    The biomedical & pharmaceutical segment accounted for the largest market share in 2021 and is estimated to control the upcoming period's Metabolomics Services Market share.

    Get more detailed insights about Metabolomics Services Market

    Key Companies in the Metabolomics Services Market market include

    Industry Developments

    Jan 2021 OWL and BIOSFER, biotech players, have arrived at a strategic partnership to reinforce R&D in developing diagnostic methods and personalized medicine use metabolomics. The agreement permits both groups to identify prospects, produce detailed proposals, and find the most suitable backing to safeguard these projects' victory and make them advantageous for society and the biotechnology industry. OWL and BIOSFER have widespread knowledge of metabolomic technology for application in various areas, such as increasing new biomarkers to create diagnostic products or encourage advanced platforms for studies and clinical tests in the pharmaceutical industry. 

    Jan 2021 numares A.G., a leading metabolomics diagnostics company, and Bruker Corporation have decided to cooperate to bring novel diagnostics tests employing NMR to the laboratory market unmet medical requirements. The tests are created on the automated measurement of metabolites via artificial intelligence and a strong magnetic field. The platform is advertised under the numares brand AXINON. This partnership will support the current transition of AXINON  platform from research into routine clinical use and makes it accessible to all patients as a reasonably priced, day-to-day diagnostic standard.

    Aug 2020 Metabolon, Inc., the global leader in metabolomics, has entered into a multi-year association with Merck KGaA, Germany, a top science and technology company. Merck KGaA, Germany, runs its biopharmaceuticals business in the U.S. and Canada as EMD Serono. Metabolon will back clinical & translational research developments through therapeutic areas as an exploratory metabolomics associate. Through this partnership, Metabolon will achieve worldwide metabolomics and deliver top biological interpretation and examination of the results to shed light on biomarkers and biochemical pathways detected to progress both the rapidity and yield of Merck KGaA's drug development pipeline.

    July 2020 ReviveMed has announced that they are pursuing an assessment analysis with Bristol Myers Squibb. This analysis will use ReviveMed's artificial intelligence (A.I.) platform to understand the mechanisms of resistance and response to immunotherapies in cancer patients. ReviveMed has built one of the most comprehensive databanks about metabolites and their relation with other molecules. Their exclusive A.I. algorithm utilizes this database to classify a large number of metabolites for individual patients quickly and at a low cost. ReviveMed's AI-driven platform interprets this large number of data to discover novel disease mechanisms and molecules for drug discovery purposes.

    Metabolomics Services Segmentation

    Metabolomics Services Product And Service Outlook

    Metabolomics Services Application Outlook

    Biomedical and Pharmaceutical

    Agriculture

    Food

    Future Outlook

    Metabolomics Services Market Future Outlook

    The Metabolomics Services Market is projected to grow at a 12.26% CAGR from 2024 to 2035, driven by advancements in personalized medicine, increasing research funding, and technological innovations in analytical techniques.

    New opportunities lie in:

    • Develop integrated metabolomics platforms for personalized healthcare solutions. Expand services to emerging markets with tailored metabolomics applications. Invest in AI-driven data analysis tools to enhance metabolomics research efficiency.

    By 2035, the Metabolomics Services Market is expected to achieve substantial growth, reflecting its critical role in healthcare innovation.

    Market Segmentation

    Metabolomics Services Application Outlook

    • Biomedical and Pharmaceutical
    • Agriculture
    • Food

    Metabolomics Services Product And Service Outlook

    • Chromatography
    • Metabolomics Bioinformatics Services
    • Mass Spectrometry

    Report Scope

    Report Attribute/MetricDetails
      Market Size 2032  USD 7.41 Billion
      CAGR  12.28% (2024-2032)
      Base Year  2023
      Forecast Period  2024-2032
      Historical Data  2020
      Forecast Units  Value (USD Billion)
      Report Coverage  Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered  Product and Service, Application, End-User
      Geographies Covered  North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors  Agilent Technologies, Inc. (US), Waters (US), Bruker (US), TMIC (CANADA), Thermo Fisher Scientific (US), Biocrates Life Sciences AG (AUSTRIA), Creative Proteomics (US), Human Metabolome Technologies America Inc (JAPAN), Shimazdu Corporation (Japan), and Metabolon, INC (US)
      Key Market Opportunities  Expansion In Developing Countries
      Key Market Drivers·  Growing Prevalence Of Cancer·  Technological Advancements In Instrumentation·  Increasing Application Of Metabolomics

    Market Highlights

    Author
    Rahul Gotadki
    Assistant Manager

    He holds an experience of about 7+ years in Market Research and Business Consulting, working under the spectrum of Life Sciences and Healthcare domains. Rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. His expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. In addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives

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    FAQs

    How much is the global metabolomics services market worth in the future?

    The valuation of the global metabolomics services market is estimated to reach USD 7.41 BN. by 2032.

    At what CAGR is the global metabolomics services market projected to grow in the forecast period (2022-2030)?

    The global metabolomics services market is projected to grow at approximately 12.28% CAGR during the forecast period (2024-2032).

    Who are the top players in the global metabolomics services market?

    Agilent Technologies, Inc. (US), Waters (US), Bruker (US), Thermo Fisher Scientific (US), TMIC (Canada), Biocrates Life Sciences AG (Austria), Metabolon, INC (US), Creative Proteomics (US), and Human Metabolome Technologies America Inc (Japan), are some of the major players operating in the metabolomics services market.

    Which region holds the largest share in the global metabolomics services market?

    North America holds the largest share in the global metabolomics services market, followed by Europe and the Asia Pacific, respectively.

    What are the major tailwinds pushing the growth of the global metabolomics services market?

    High prevalence of diseases such as cancer, neurological disorders, and cardiac diseases across the globe.

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