Metabolomics Market Size to increase by USD 1.99 Bn | Driven by increased adoption of metabolomics in the field of precision medicine | Technavio

NEW YORK, Nov. 23, 2021 /PRNewswire/ — Technavio’s latest research report on the Metabolomics Market offers a comprehensive analysis on new product launches, the latest trends, and the post-pandemic impact on businesses.

The metabolomics market value is anticipated to grow by USD 1.99 billion, progressing at a CAGR of 11.84% between 2020 and 2025.

Market Dynamics

The market is driven by factors such as the increased adoption of metabolomics in the field of precision medicine and the rising demand for early and accurate diagnosis. However, the high cost and unavailability of user-friendly tools for easy interpretation of data are hindering the market growth.

The growing investments by private and government stakeholders will have a positive impact on the growth of vendors. On the other hand, the lack of skilled professionals is expected to reduce the growth potential in the market.

Company Profiles

The metabolomics market report provides complete insights on key vendors including Agilent Technologies Inc., Bio Rad Laboratories Inc., Bruker Corp., Danaher Corp., Human Metabolome Technologies Inc., Metabolomic Technologies Inc., Shimadzu Corp., Thermo Fisher Scientific Inc., and Waters Corp.

Competitive Analysis

The competitive scenario provided in the metabolomics market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.

Market Segmentation

  • By Application, the market is classified into biomarker and drug discovery, nutrigenomics, and toxicology testing segment
  • By Geography, the market is classified as North America, Europe, Asia, and ROW.

The market witnessed maximum growth in the biomarker and drug discovery segment in 2020. The segment is driven by the growing importance of biomarker discovery, drug discovery, and personalized medicine. By geography, North America will generate maximum growth in the market. The region currently holds 38% of the global market share and will create significant growth opportunities for vendors in the market. The US, Mexico, and Canada are the key markets for metabolomics market in North America.

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Metabolomics Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 11.84%

Market growth 2021-2025

USD 1.99 billion

Market structure

Fragmented

YoY growth (%)

11.72

Regional analysis

North America, Europe, Asia, and ROW

Performing market contribution

North America at 38%

Key consumer countries

US, Canada, Mexico, Germany, UK, France, China, Japan, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Agilent Technologies Inc., Bio Rad Laboratories Inc., Bruker Corp., Danaher Corp., Human Metabolome Technologies Inc., Metabolomic Technologies Inc., Shimadzu Corp., Thermo Fisher Scientific Inc., and Waters Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

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SOURCE Technavio

Metabolomics Market Size to increase by USD 1.99 Bn | Driven by increased adoption of metabolomics in the field of precision medicine | Technavio WeeklyReviewer

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