NEW YORK, Jan. 12, 2022
- Increasing use of metabolomics to discovery new therapeutic targets, to boost biomarker discovery, and to understand critical steps in metabolic mechanisms and rising importance of metabolomics in clinical research and disease diagnosis are some key factors expected to drive market growth
NEW YORK, Jan. 12, 2022 /PRNewswire/ -- Reports and Data has recently published its latest report titled "Metabolomics Market By Product & Services (Metabolomics Separation Tools, Metabolomics Detection Tools, Bioinformatics Tools & Services), By End-Use, By Application, By Indication, and By Region, Forecast to 2028."
According to the latest report by Reports and Data, the global metabolomics market size was USD 1.88 billion in 2020 and is expected to reach USD 5.10 billion in 2028 and register a revenue CAGR of 13.2% during the forecast period, 2021-2028.
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Drivers, Restraints, and Opportunities
Metabolomics has emerged as an important tool for clinical research and in diagnosis of human diseases. It provides clinical research with a streamlined systematic approach to understand global changes in metabolism mechanism in response to alteration in nutrition, gut microbiota, environment, and genetic factors. Metabolomics leverages nuclear magnetic resonance (NMR) spectroscopy and mass spectrometry to produce high quality information. Increasing research and development activities to identify biomarkers and new therapeutic targets is a major factor expected to drive market revenue growth over the forecast period. In addition, metabolomics has the potential to revolutionize precision medicine and is expected to accelerate characterization of metabolic derangements that underlie chronic diseases. This is another factor expected to drive market growth over the forecast period.
Metabolomics is the comprehensive analysis of metabolites in biological specimen and is widely used to diagnose complex metabolic diseases and monogenic disorders such as inborn errors of metabolism. Metabolomic technology platforms divide the metabolome into subsets of metabolites and develop specific sample preparation and analytical procedures. Rapid development of metabolomics technology platforms and incorporation of metabolomics into research studies has led to generation of answers to complex biological questions that could not addressed by other omics. Metabolomics is also being explored as a platform to study and predict drug toxicities during the preclinical studies. Metabolomics also plays a major role in pharmacogenetics to understand variability in drug metabolism and toxicity. In addition, metabolomics can be utilized to find molecular fingerprints for gene deficiency and increasing R&D activities to explore applications of metabolomics is a key factor expected to drive market growth over the forecast period.
Metabolomics also holds great potential for the discovery of chemical biomarkers for diseases that can be measured through urine analysis. However, high costs associated with advanced tools and equipment, lack of skilled professionals, and unavailability of advanced scientific research laboratories are some key factors expected to restrain market revenue growth over the forecast period.
To identify the key trends in the industry, research study at https://www.reportsanddata.com/report-detail/metabolomics-market
COVID-19 Impact Analysis
Metabolomics Detection Tools Segment to Register Steady CAGR:
Metabolomics detection tools segment revenue is expected to expand at a steady revenue CAGR over the forecast period attributable to rapid technological advancements in scientific instruments, increasing development of healthcare and research infrastructure, and growing focus on developing better therapies and diagnostic tools.
Academic & Research Institutes Segment to Account for Largest Revenue Share:
Academic & research institutes segment is expected to account for largest revenue share over the forecast period attributable to increasing research and development activities in academic and research institutes, rising investment and funding to accelerate omics research, and growing focus on expanding application scope of metabolomics.
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North America to Lead in Terms of Revenue Share:
North America is expected to dominate other regional markets in terms of revenue share over the forecast period attributable to increasing healthcare and research expenditure, rapid adoption of advanced healthcare technologies, rising research and development activities, and robust presence of key players in the region.
Asia Pacific to Register Rapid Revenue CAGR:
Asia Pacific is expected to register rapid revenue CAGR over the forecast period attributable to growing presence of large pharmaceutical companies in the region, increasing prevalence of chronic diseases, rapid advancements in biomarker research, and increasing R&D activities.
Major Companies in the Market Include:
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For this study, Reports and Data has segmented the global metabolomics market on the basis of product & services, end-use, application, indication, and region:
Product & Service Outlook (Revenue, USD Billion; 2018-2028
End-Use Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
Indication Outlook (Revenue, USD Billion; 2018-2028)
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Regional Outlook (Revenue, USD Billion; 2018-2028)
Some points on how the report benefits stakeholders:
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