The metabolism assay market is predicted to be valued at US$ 1.7 billion in 2024 and rise to US$ 3.6 billion by 2034. The market is predicted to grow at a CAGR of 8.1% during the forecast period.
Attributes | Key Statistics |
---|---|
Metabolism Assay Value (2024) | US$ 1.7 billion |
Anticipated Market Value (2034) | US$ 3.6 billion |
Estimated Growth (2024 to 2034) | 8.1 % CAGR |
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Metabolic engineering, being the primary application in biological research, is stimulating a rise in the metabolism assay market. Some factors driving market growth are mentioned below.
Despite the healthy growth of the metabolism assay market with heavy demand in biological research, several factors are slowing down the market. Some of them are as follows:
The demand for assay kits and reagents is upsurging at a 7.8 % CAGR through 2034.
Attributes | Details |
---|---|
Product Type | Assays Kits and Reagents |
CAGR ( 2024 to 2034) | 7.8% |
Based on end users, hospitals are uprising in the global metabolism assay market with a 7.6% CAGR from 2024 to 2034.
Attributes | Details |
---|---|
Top End User | Hospitals |
CAGR (2024 to 2034) | 7.6 % |
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The section analyzes the global metabolism assay market by country, including the United Kingdom, the United States, China, South Korea, and Japan.
The table presents the CAGR for each country, indicating the expected market growth through 2034.
Countries | CAGR through 2034 |
---|---|
South Korea | 10.0% |
Japan | 9.9% |
United Kingdom | 9.2% |
China | 8.9% |
United States | 8.4% |
With growing demand for personalized medicine and advancements in precision healthcare, South Korea is well-positioned in expanding global metabolism assay market with a CAGR of 10.0% from 2024 to 2034.
Korea Institute of Science and Technology (KIST) and the Korea Advanced Institute of Science and Technology (KAIST)institutions are highly active in metabolic research and are constantly pushing the boundaries of innovation in the field.
South Korea also has a thriving startup ecosystem, with companies like SeouLin Bioscience and Green Cross LabCell pioneering metabolic research and developing novel assays for drug discovery and personalized medicine applications. This vibrant ecosystem fosters collaboration between academia and industry driving South Korea's metabolism assay market growth.
With a skilled workforce and a culture of innovation, Japan is well-positioned to continue its expansion in the global metabolism assay market at a CAGR of 9.9% through 2034.
Due to the ongoing research initiatives in metabolic genetics and pharmacogenomics, demand for advanced assay technologies is on the rise. Several major companies, such as Shimadzu Corporation, Hitachi Chemical Co., Ltd., and Kyowa Medex Co., Ltd., are actively competing in this space by offering innovative assay kits and reagents tailored to the specific needs of Japanese researchers and clinicians.
Collaborations between government agencies and industry players have resulted in a dynamic ecosystem for research and development, thereby accelerating the introduction of novel assays and technologies into the market.
The United Kingdom is upheading the global metabolism assay market with innovative research and advanced bioinformatics tools. With a projected CAGR of 9.2% through 2034, it is maintaining a steady pace of growth.
The presence of leading pharmaceuticals and biotechnology companies in the United Kingdom caters to high demand for drug development. The major players in the United Kingdom metabolism assay market who offer a wide range of assay kits, reagents, and platforms.
The market is highly competitive, with both established companies and emerging startups driving innovation and expanding market offerings to meet the diverse needs of researchers and healthcare professionals both within the United Kingdom and beyond.
China is emerging as a key player in the market. China, with a CAGR of 8.9% from 2024 to 2034, is in steady race for betterment in the healthcare sector.China's flourishing biotechnology and pharmaceutical sectors are propelling the demand for metabolism assays as scientists and firms seek reliable tools to aid in the drug discovery and development processes.
The rising prevalence of metabolic disorders in China's population also underscores the need for advanced diagnostic tools. Collaborations between domestic Chinese biotech companies and international players are facilitating technology transfer and knowledge exchange.
Ongoing advancement and research fuel market growth in the United States, with an expected CAGR of 8.4%, which is expected to persist until 2034.The United States healthcare infrastructure and research ecosystem are robust and foster innovation, with leading academic institutions, pharmaceutical companies, and diagnostic laboratories contributing to the need for metabolism assays.
The rising prevalence of metabolic disorders such as obesity and diabetes, coupled with a growing emphasis on personalized medicine, aids in the adoption of metabolism assays for diagnostic and therapeutic purposes. The United States leads in technological advancements and investments in metabolic research, facilitating the development of advanced assay kits and reagents tailored to researchers' and clinicians' specific needs.
Leading companies such as Thermo Fisher Scientific, Merck KGaA, and Agilent Technologies are constantly innovating and expanding their product portfolios to stay ahead of the competition.
Thermo Fisher Scientific, for example, is focused on developing advanced metabolic profiling solutions; Merck KGaA invests heavily in research and development to introduce new assay kits and reagents for metabolic pathway analysis; Agilent Technologies, on the other hand, is emphasizing strategic collaborations and acquisitions to broaden its metabolic assay offerings and enhance its market position.
Competitors such as Bio-Rad Laboratories and PerkinElmer are also using similar tactics to sustain their foothold in the metabolism assay market.
Recent Developments
The metabolism assay market is projected to be worth US$ 1.7 billion in 2024.
The metabolism assay market is expected to reach US$ 3.6 billion by 2034.
The metabolism assay market is expected to rise at a CAGR of 8.1% from 2024 to 2034.
The overall value of the metabolism assay market for 2019 was 1.0 billion.
Merck KGaA, Thermo Fisher Scientific, Inc., Abcam Plc, Agilent Technologies, Inc., and Promega Corporation are among the major companies actively contributing to the growth of the global metabolism assay market.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Product Type, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Product Type, 2024 to 2034 5.3.1. Assay kits & Reagents 5.3.2. Instruments & Analyzers 5.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2024 to 2034 6.3.1. Diagnostics 6.3.1.1. Diabetes 6.3.1.2. Obesity 6.3.1.3. Cancer 6.3.1.4. Cardiovascular Diseases 6.3.1.5. Other Diagnostic Applications 6.3.2. Research 6.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By Technology, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Technology, 2024 to 2034 7.3.1. Colorimetry 7.3.2. Fluorimetry 7.3.3. Spectrometry 7.4. Y-o-Y Growth Trend Analysis By Technology, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Technology, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End-User 8.1. Introduction / Key Findings 8.2. Historical Market Size Value (US$ Million) Analysis By End-User, 2019 to 2023 8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End-User, 2024 to 2034 8.3.1. Hospitals 8.3.2. Diagnostic Laboratories 8.3.3. Pharmaceutical & Biopharmaceutical Companies 8.3.4. Other End-Users 8.4. Y-o-Y Growth Trend Analysis By End-User, 2019 to 2023 8.5. Absolute $ Opportunity Analysis By End-User, 2024 to 2034 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. Introduction 9.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023 9.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034 9.3.1. North America 9.3.2. Latin America 9.3.3. Western Europe 9.3.4. Eastern Europe 9.3.5. South Asia and Pacific 9.3.6. East Asia 9.3.7. Middle East and Africa 9.4. Market Attractiveness Analysis By Region 10. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. USA 10.2.1.2. Canada 10.2.2. By Product Type 10.2.3. By Application 10.2.4. By Technology 10.2.5. By End-User 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Product Type 10.3.3. By Application 10.3.4. By Technology 10.3.5. By End-User 10.4. Key Takeaways 11. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Brazil 11.2.1.2. Mexico 11.2.1.3. Rest of Latin America 11.2.2. By Product Type 11.2.3. By Application 11.2.4. By Technology 11.2.5. By End-User 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Product Type 11.3.3. By Application 11.3.4. By Technology 11.3.5. By End-User 11.4. Key Takeaways 12. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. Germany 12.2.1.2. UK 12.2.1.3. France 12.2.1.4. Spain 12.2.1.5. Italy 12.2.1.6. Rest of Western Europe 12.2.2. By Product Type 12.2.3. By Application 12.2.4. By Technology 12.2.5. By End-User 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Product Type 12.3.3. By Application 12.3.4. By Technology 12.3.5. By End-User 12.4. Key Takeaways 13. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. Poland 13.2.1.2. Russia 13.2.1.3. Czech Republic 13.2.1.4. Romania 13.2.1.5. Rest of Eastern Europe 13.2.2. By Product Type 13.2.3. By Application 13.2.4. By Technology 13.2.5. By End-User 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Product Type 13.3.3. By Application 13.3.4. By Technology 13.3.5. By End-User 13.4. Key Takeaways 14. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. India 14.2.1.2. Bangladesh 14.2.1.3. Australia 14.2.1.4. New Zealand 14.2.1.5. Rest of South Asia and Pacific 14.2.2. By Product Type 14.2.3. By Application 14.2.4. By Technology 14.2.5. By End-User 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Product Type 14.3.3. By Application 14.3.4. By Technology 14.3.5. By End-User 14.4. Key Takeaways 15. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. China 15.2.1.2. Japan 15.2.1.3. South Korea 15.2.2. By Product Type 15.2.3. By Application 15.2.4. By Technology 15.2.5. By End-User 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Product Type 15.3.3. By Application 15.3.4. By Technology 15.3.5. By End-User 15.4. Key Takeaways 16. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 16.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 16.2.1. By Country 16.2.1.1. GCC Countries 16.2.1.2. South Africa 16.2.1.3. Israel 16.2.1.4. Rest of MEA 16.2.2. By Product Type 16.2.3. By Application 16.2.4. By Technology 16.2.5. By End-User 16.3. Market Attractiveness Analysis 16.3.1. By Country 16.3.2. By Product Type 16.3.3. By Application 16.3.4. By Technology 16.3.5. By End-User 16.4. Key Takeaways 17. Key Countries Market Analysis 17.1. USA 17.1.1. Market Share Analysis, 2023 17.1.1.1. By Product Type 17.1.1.2. By Application 17.1.1.3. By Technology 17.1.1.4. By End-User 17.2. Canada 17.2.1. Market Share Analysis, 2023 17.2.1.1. By Product Type 17.2.1.2. By Application 17.2.1.3. By Technology 17.2.1.4. By End-User 17.3. Brazil 17.3.1. Market Share Analysis, 2023 17.3.1.1. By Product Type 17.3.1.2. By Application 17.3.1.3. By Technology 17.3.1.4. By End-User 17.4. Mexico 17.4.1. Market Share Analysis, 2023 17.4.1.1. By Product Type 17.4.1.2. By Application 17.4.1.3. By Technology 17.4.1.4. By End-User 17.5. Germany 17.5.1. Market Share Analysis, 2023 17.5.1.1. By Product Type 17.5.1.2. By Application 17.5.1.3. By Technology 17.5.1.4. By End-User 17.6. UK 17.6.1. Market Share Analysis, 2023 17.6.1.1. By Product Type 17.6.1.2. By Application 17.6.1.3. By Technology 17.6.1.4. By End-User 17.7. France 17.7.1. Market Share Analysis, 2023 17.7.1.1. By Product Type 17.7.1.2. By Application 17.7.1.3. By Technology 17.7.1.4. By End-User 17.8. Spain 17.8.1. Market Share Analysis, 2023 17.8.1.1. By Product Type 17.8.1.2. By Application 17.8.1.3. By Technology 17.8.1.4. By End-User 17.9. Italy 17.9.1. Market Share Analysis, 2023 17.9.1.1. By Product Type 17.9.1.2. By Application 17.9.1.3. By Technology 17.9.1.4. By End-User 17.10. Poland 17.10.1. Market Share Analysis, 2023 17.10.1.1. By Product Type 17.10.1.2. By Application 17.10.1.3. By Technology 17.10.1.4. By End-User 17.11. Russia 17.11.1. Market Share Analysis, 2023 17.11.1.1. By Product Type 17.11.1.2. By Application 17.11.1.3. By Technology 17.11.1.4. By End-User 17.12. Czech Republic 17.12.1. Market Share Analysis, 2023 17.12.1.1. By Product Type 17.12.1.2. By Application 17.12.1.3. By Technology 17.12.1.4. By End-User 17.13. Romania 17.13.1. Market Share Analysis, 2023 17.13.1.1. By Product Type 17.13.1.2. By Application 17.13.1.3. By Technology 17.13.1.4. By End-User 17.14. India 17.14.1. Market Share Analysis, 2023 17.14.1.1. By Product Type 17.14.1.2. By Application 17.14.1.3. By Technology 17.14.1.4. By End-User 17.15. Bangladesh 17.15.1. Market Share Analysis, 2023 17.15.1.1. By Product Type 17.15.1.2. By Application 17.15.1.3. By Technology 17.15.1.4. By End-User 17.16. Australia 17.16.1. Market Share Analysis, 2023 17.16.1.1. By Product Type 17.16.1.2. By Application 17.16.1.3. By Technology 17.16.1.4. By End-User 17.17. New Zealand 17.17.1. Market Share Analysis, 2023 17.17.1.1. By Product Type 17.17.1.2. By Application 17.17.1.3. By Technology 17.17.1.4. By End-User 17.18. China 17.18.1. Market Share Analysis, 2023 17.18.1.1. By Product Type 17.18.1.2. By Application 17.18.1.3. By Technology 17.18.1.4. By End-User 17.19. Japan 17.19.1. Market Share Analysis, 2023 17.19.1.1. By Product Type 17.19.1.2. By Application 17.19.1.3. By Technology 17.19.1.4. By End-User 17.20. South Korea 17.20.1. Market Share Analysis, 2023 17.20.1.1. By Product Type 17.20.1.2. By Application 17.20.1.3. By Technology 17.20.1.4. By End-User 17.21. GCC Countries 17.21.1. Market Share Analysis, 2023 17.21.1.1. By Product Type 17.21.1.2. By Application 17.21.1.3. By Technology 17.21.1.4. By End-User 17.22. South Africa 17.22.1. Market Share Analysis, 2023 17.22.1.1. By Product Type 17.22.1.2. By Application 17.22.1.3. By Technology 17.22.1.4. By End-User 17.23. Israel 17.23.1. Market Share Analysis, 2023 17.23.1.1. By Product Type 17.23.1.2. By Application 17.23.1.3. By Technology 17.23.1.4. By End-User 18. Market Structure Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking 18.3. Market Share Analysis of Top Players 18.3.1. By Regional 18.3.2. By Product Type 18.3.3. By Application 18.3.4. By Technology 18.3.5. By End-User 19. Competition Analysis 19.1. Competition Deep Dive 19.1.1. Merck KGaA 19.1.1.1. Overview 19.1.1.2. Product Portfolio 19.1.1.3. Profitability by Market Segments 19.1.1.4. Sales Footprint 19.1.1.5. Strategy Overview 19.1.1.5.1. Marketing Strategy 19.1.2. Thermo Fisher Scientific, Inc. 19.1.2.1. Overview 19.1.2.2. Product Portfolio 19.1.2.3. Profitability by Market Segments 19.1.2.4. Sales Footprint 19.1.2.5. Strategy Overview 19.1.2.5.1. Marketing Strategy 19.1.3. Abcam Plc 19.1.3.1. Overview 19.1.3.2. Product Portfolio 19.1.3.3. Profitability by Market Segments 19.1.3.4. Sales Footprint 19.1.3.5. Strategy Overview 19.1.3.5.1. Marketing Strategy 19.1.4. Agilent Technologies, Inc. 19.1.4.1. Overview 19.1.4.2. Product Portfolio 19.1.4.3. Profitability by Market Segments 19.1.4.4. Sales Footprint 19.1.4.5. Strategy Overview 19.1.4.5.1. Marketing Strategy 19.1.5. Promega Corporation 19.1.5.1. Overview 19.1.5.2. Product Portfolio 19.1.5.3. Profitability by Market Segments 19.1.5.4. Sales Footprint 19.1.5.5. Strategy Overview 19.1.5.5.1. Marketing Strategy 19.1.6. Kaneka Eurogentec S.A (Kaneka Corporation) 19.1.6.1. Overview 19.1.6.2. Product Portfolio 19.1.6.3. Profitability by Market Segments 19.1.6.4. Sales Footprint 19.1.6.5. Strategy Overview 19.1.6.5.1. Marketing Strategy 19.1.7. RayBiotech Life, Inc. 19.1.7.1. Overview 19.1.7.2. Product Portfolio 19.1.7.3. Profitability by Market Segments 19.1.7.4. Sales Footprint 19.1.7.5. Strategy Overview 19.1.7.5.1. Marketing Strategy 19.1.8. Sartorius AG 19.1.8.1. Overview 19.1.8.2. Product Portfolio 19.1.8.3. Profitability by Market Segments 19.1.8.4. Sales Footprint 19.1.8.5. Strategy Overview 19.1.8.5.1. Marketing Strategy 19.1.9. Elab Science Biotechnology Inc. 19.1.9.1. Overview 19.1.9.2. Product Portfolio 19.1.9.3. Profitability by Market Segments 19.1.9.4. Sales Footprint 19.1.9.5. Strategy Overview 19.1.9.5.1. Marketing Strategy 19.1.10. BMG Labtech 19.1.10.1. Overview 19.1.10.2. Product Portfolio 19.1.10.3. Profitability by Market Segments 19.1.10.4. Sales Footprint 19.1.10.5. Strategy Overview 19.1.10.5.1. Marketing Strategy 19.1.11. Biotrend Chemikalien GmbH 19.1.11.1. Overview 19.1.11.2. Product Portfolio 19.1.11.3. Profitability by Market Segments 19.1.11.4. Sales Footprint 19.1.11.5. Strategy Overview 19.1.11.5.1. Marketing Strategy 20. Assumptions & Acronyms Used 21. Research Methodology
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