Metabolism Assays Market - By Product Type (Assay Kits, Reagents, Instruments & Analyzers), Application (Diagnostics, Research), Technology (Colorimetry, Fluorimetry, Spectrometry), End-use (Hospitals, Diagnostic Labs)- Global Forecast, 2024 – 2032
Report ID: GMI7672
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Published Date: December 2023
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 11
Tables & Figures: 338
Countries covered: 22
Pages: 180
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Metabolism Assays Market Size
Metabolism Assays Market was valued at around USD 1.5 billion in 2023 and is estimated to witness 7.6% CAGR from 2024 to 2032. The rising prevalence of chronic diseases along with the growing demand for personalized medicines is anticipated to drive the market growth globally.
Chronic diseases such as diabetes, obesity, cancer, and cardiovascular diseases among others are serious medical conditions that significantly impact the daily lives and well-being of affected individuals. For instance, according to the Centers for Disease Control and Prevention, in 2022, 38.4 million Americans, or 11.6% of the U.S. population had diabetes. Metabolism assays, focusing on the analysis of glucose metabolism, insulin sensitivity, and the functionality of pancreatic beta cells, play a crucial role in unravelling the biochemical processes associated with diabetes. These assays provide essential insights into the molecular and cellular aspects of metabolic regulation, contributing significantly to understanding the pathophysiology of such chronic conditions.
Metabolism assays refer to laboratory techniques and procedures designed to investigate and quantify the chemical processes that occur within cells and organisms. These assays are specifically geared towards understanding metabolic pathways, energy utilization, and the production and consumption of various metabolites.
The presence of alternative methods and techniques is among the major factors that may hamper the adoption of metabolism assays. The ongoing advancements in technology, particularly in the field of omics such as metabolomics, genomics services, and proteomics, provides researchers and laboratories with alternatives for exploring cellular metabolism. These sophisticated approaches offer a more extensive and detailed perspective on cellular functions and metabolic pathways. These alternatives can provide researchers with a more holistic view of cellular metabolism compared to traditional assays.
COVID-19 Impact
The outbreak of COVID-19 had a notable impact on the metabolism assays market. The pandemic led to delays and shortages in the availability of essential reagents, consumables, and assay kits, impacting the ability of companies to meet market demand and maintain regular operations. However, despite these challenges the pandemic brought about an increased awareness regarding the importance of metabolic health in influencing outcomes of infectious diseases. This increased focus on metabolic health led to a resurgence of interest and investments in metabolic research, potentially benefiting the market in the long term.
Metabolism Assays Market Trends
Recent technological advancements have significantly enhanced the precision, scalability, and depth of metabolism assays, contributing to a more comprehensive understanding of metabolic pathways.
Metabolism Assays Market Analysis
Based on product type, the market is segmented into assay kits & reagents and instruments & analyzers. The assay kits & reagents segment was valued at around USD 944.5 million in 2023 and is expected to exhibit a robust growth trend throughout the analysis period.
Based on application, the metabolism assays market is segmented into diagnostics and research. The research segment held majority revenue share in 2023 and was valued at USD 818 million and is projected to expand at a CAGR of 7.4% during the forecast period.
Based on technology, the metabolism assays market is segmented into colorimetry, fluorimetry, and spectrometry. The colorimetry segment held a dominant revenue share in 2023 and was valued at USD 736.3 million.
Based on end-use, the metabolism assays market is segmented into hospitals, diagnostic laboratories, pharmaceutical & biopharmaceutical companies, and other end-users. The hospitals segment is projected to reach around USD 1.1 billion by 2032.
The U.S. dominated the North America metabolism assays market with a leading business share in 2023 and is anticipated to expand at a healthy pace to reach more than USD 1.2 billion by 2032. This high market share is attributable to an increasing prevalence of chronic diseases, supportive government initiatives, and technological advancements among others.
Metabolism Assays Market Share
The metabolism assays industry is fragmented in nature, with companies competing to offer superior metabolism assays in this business space. Prominent players such as Merck KGaA, Thermo Fisher Scientific, Inc., Abcam Plc, and Agilent Technologies, Inc. hold a considerable share in this market. These companies are diligently directing their efforts towards continuous innovation to gain substantial market share.
Metabolism Assays Market Companies
Some of the eminent market participants operating in the metabolism assays industry include:
Metabolism Assays Industry News:
Metabolism assays market research report includes an in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD (million) from 2018 to 2032 for the following segments:
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By Product Type, 2018 - 2032 (USD Million)
By Application, 2018 - 2032 (USD Million)
By Technology, 2018 - 2032 (USD Million)
By End-use, 2018 - 2032 (USD Million)
The above information is provided for the following regions and countries: