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.)