The Global Metabolomics Market in terms of revenue was estimated to be worth $1.9 billion in 2020 and is poised to reach $4.1 billion by 2025, growing at a CAGR of 13.4% from 2020 to 2025. Growing R&D expenditure in the pharmaceutical & biopharmaceutical industry, availability of government and private funding for metabolomics research, and ongoing innovations in metabolomics instruments are driving the growth of the global metabolomics industry.
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Metabolomics industry dynamics
Key Market Drivers
- Availability of government and private funding for metabolomics research
- Increasing pharmaceutical and biotech R&D expenditure
- Growing demand for personalized medicine
Key Market Restraints
- Issues related to data examination and processing
- High cost of tools and instruments
Key Market Opportunities
- Biomarker development
- Lucrative opportunities in emerging markets
Key Market Challenges
- Complexity and diversity of biological samples
- Dearth of skilled researchers
Recent Developments
- In 2020, Danaher Corporation acquired GE Healthcare’s Life Sciences business.
- In 2020, Agilent and Thermo Fisher extended their agreement to enhance the compatibility of Thermo Fishers analytical systems with Agilent’s OpenLAb Chromatography Data System
- In 2020, Waters Corporation announced the establishment of Immerse Cambridge, a research laboratory in the heart of Cambridge’s Kendall Square. Immerse Cambridge will serve as a strategic, collaborative space in the community, where Waters can partner with academia and research to accelerate the next generation of scientific advancements.
- In 2020, Hitachi acquired the remaining shares of Hitachi High-Technologies billion and made it its subsidiary. This subsidiary will be responsible for the manufacturing of measuring and analytical equipment, along with the development of chipmaking equipment and industrial materials and systems.
Key Players:
Waters Corporation (US), Agilent Technologies (US), Shimadzu Corporation (Japan), Thermo Fisher Scientific (US), Danaher Corporation (US), Bruker Corporation (US), PerkinElmer (US), Merck KGaA (Germany), GE Healthcare (US), Hitachi High-Technologies Corporation (Japan), Human Metabolome Technologies, Inc. (Japan), LECO Corporation (US), Metabolon, Inc. (US), Bio-Rad Laboratories (US), Scion Instruments (US), DANI Instruments S.p.A. (Italy), GL Sciences (Japan), SRI Instruments (US), Kore Technology Ltd. (UK), and JASCO, Inc. (US)
Report Link: ( Metabolomics Market )
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