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The metabolomics market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 15%, as per The Business Research Company’s market report!

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The Metabolomics Market Size In 2022 And Forecast

The global metabolomics market is expected to grow from $2.35 billion in 2021 to $2.69 billion in 2022 at a compound annual growth rate (CAGR) of 14.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The metabolomics market is expected to reach $4.79 billion in 2026 at a CAGR of 15.5%.

The metabolomics market consists of sales of metabolomics analytical tools, equipment, and related services.

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The Increasing Prevalence Rate Of Cancer Is Driving The Growth Of The Metabolomics Market

For instance, according to a report by the American Cancer Society in 2019, approximately 1,762,450 new cancer cases were diagnosed in the United States of which the most common cancers are lung cancer, breast cancer, prostate cancer, and others. In 2020, according to the American Cancer Society, lung cancer is the leading cancer killer in both men and women in the USA, there were 228,820 new cancer cases and 135,720 deaths. 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.

Competitive Landscape And The Regional Analysis Of The Metabolomics Market

Major players in the metabolomics market Human Metabolome Technologies, Metabolon, Bio-Rad Laboratories, Bruker, Agilent Technologies, Thermo Fisher, Waters, Biocrates Life Sciences, Shimadzu, Danaher Corporation, Kore Technologies Ltd., Dani Instruments S.P.A, Perkinelmer Inc., Evans Analytical Group LLC, LECO Corporation, Phenomenome Discoveries Inc., AB Sciex, BG Medicine Inc., Biomark Diagnostics Inc., Chenomx Inc., Creative Proteomics, Evotec A.G, and Merck kgaA. 3d

The Metabolomics Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the metabolomics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the metabolomics market

Machine Learning– A Key Trend In The Metabolomics Market

Machine learning-enabled technologies help in the automation of risky and complex processes, avoid repetitive and time taking processes, provide quick and error-free services. Companies in the industry are preferring machine learning techniques for metabolism analysis to solve problems, automate processes and execute tasks. Some of the machine learning algorithms aid in metabolism data analysis and metabolic pathway modelling.

Metabolomics Market Segmentation By The Business Research Company

1) By Product & Service: Metabolomics Instruments, Metabolomics Bioinformatics Tools & Services

2) By Application: Biomarker Discovery, Drug Discovery, Toxicology Testing, Nutrigenomics, Functional Genomics, Personalized Medicine, Others

3) By Indication: Cancer, Cardiovascular Disorders, Neurological Disorders, Inborn Errors of Metabolism, Others

4) By Metabolomics Instruments: Separation Techniques, Detection Techniques

5) By Metabolomics Bioinformatics Tools & Services: Bioinformatics Tools and Database, Bioinformatics Services

Here Are Some Reports Related To The Metabolomics Market –

Microbiome Global Market Report 2022

Proteomics Global Market Report 2022

Microbiome Therapeutics Global Market Report 2022

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