According to Precision Business Insights, the Lipidomics Services Market research report provides industry size and growth.
The Lipidomics Services Market size was valued at USD 50 million in 2022 and is expected to grow at a CAGR of 8.0% from 2023-2029. assesses the market performance over eight years forecast period over 2018-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. The global lipidomics services market was valued at US$ 38.2 Mn in 2017 and growing at a significant CAGR over the forecast period owing to increase in need for accurate disease diagnosis, growth in demand for personalized medicine, and technological advancements in field of lipidomics. Additionally, wide range of applications of lipidomics, increase in the prevalence of target diseases such as cancers, and increase in scope of clinical trials and toxicological studies are expected to boost lipidomics services market. However, stringent regulatory guidelines, unavailability of advanced instruments, and lack of technology adoption are hinder the growth of global lipidomics services market over forecast years.
The global lipidomics services market segmented on the basis of service type, sample type, sample source, end user, and region
Based on service type, global lipidomics services market segmented into lipid separation services and lipid identification services. Lipid separation services market accounted for larger revenue share in 2017 and projected to dominate over the forecast period owing to technological advancements in the lipid separation. However, lipid identification services segment projected exhibit lucrative growth, which is mainly attributed to rise in demand for lipid identification in academic and research institutes and biopharmaceutical companies to develop the newer drugs.
North America leads the Global Lipidomics Services market
PBI'™s global lipidomics services market report analyses the market in different regions such as North America, Europe, Asia Pacific, and RoW. According to regional analysis, North America accounted for larger revenue share in 2017 and the same trend is projected to follow over 2018-2025 owing to Sophisticated analytical technologies coupled rise in funding for the R&D activities from public and private sectors are boosting the market . Europe lipidomics services market projected to exhibit significant growth owing high inclination towards advanced and precise diagnostic methods coupled with increased awareness programs especially for €˜Omics'™ technology are expected to enhance the market.
Technological advancements and strategic alliances are the key strategies adopted by market players
Global lipidomics services market further reveals that the key players increasingly adopting strategies such as development of technologically advanced identification & separation tools, long term alliance to improve market revenue share, and gaining significant geographic presence across the region. For instance, in June2015, SCIEX and Metabolon, Inc. entered multi-year collaboration agreement and launched€˜ The Lipidyzer Platform '™to identify, quantify over thousand lipid molecular species, which enables diagnosis of diseases such as diabetes, cardiovascular, and neurodegenerative disorders.
Key player'™s profiles in the report are OWL Metabolomics (Spain), Metabolon, Inc. (U.S.), AS Vitas (Norway), School of Medicine (wayne State University), Virginia Commonwealth University (U.S.), Lipinutragen Srl (Italy), The Metabolomics Innovation Centre (TMIC) (Canada), and Lipotype GmbH (Germany)
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Detailed Segmentation
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