New

Metabolomics Services Market

2021

Metabolomics Services Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Service Type (Targeted Metabolomics Service and Untargeted Metabolomics Service) and Application (Pharmaceutical and Biotechnology Industry, Agritech, and Environment)

Publication Month: Oct 2021 | Report Code: TIPRE00025127 | No. of Pages: 171 | Category: Biotechnology | Status: Published

Market Insights

Metabolomics Services Market to Grow at a CAGR of 20.9% to reach US$ 1,895.14 million from 2021 to 2028

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The metabolomics services market is expected to reach US$ 1,895.14 million by 2028 from US$ 501.24 million in 2021; it is estimated to grow at a CAGR of 20.9% from 2021 to 2028.

Metabolomics is the study and analysis of biological processes involving metabolic intermediates and byproducts—metabolomes. The metabolomes include secondary metabolites, signaling molecules, hormones, and metabolic intermediates.

Strategic Insights

The report offers an in-depth analysis of the metabolomics services market, emphasizing on market trends, technological advancements, market dynamics, and competitive landscape (involving major market players across the world). It also includes the impact of the COVID-19 pandemic on the market across all the major regions. North America holds the largest market share, and the market growth in this region is attributed to high awareness and acceptance for metabolomics services, increasing number of online retails, and rising number of product innovations and launches. Moreover, the growing spending by sex technology companies are also likely to have positive impact on the North America metabolomics services market during the forecast period. The market, by region, is segmented into North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA), and South and Central America (SAM).

Lucrative Regions for Metabolomics Services Market

Lucrative Regions for Metabolomics Services Market

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Market Insights

Rising Incidences of Cancer Fuels Metabolomics Services Market Growth

Metabolomics is among the growing and robust technologies for detecting a wide range of metabolites in tissues and biofluids. This process has a significant application in the analysis and studies associated with cancer disease. The rising prevalence of different types of cancer is expected to drive the market during the forecast period. Cancer diagnostics play an essential role in cancer treatment. As per the data published by the World Health Organization (WHO) in September 2021, nearly 70% of deaths from cancer were reported from the low- and middle-income countries across the globe. The total global share of cancer incidence share as per the Global Cancer Observatory records are breast (2.26 million cases 11.7%), lung (2.21 million cases 11.4%), colon and rectum (1.93 million cases 10%), prostate (1.41 million cases 7.3%), stomach (1.09 million cases 5.6%). Below are the details regarding the regional prevalence in 2020:

regional prevalence

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Service Type-Based Insights

The metabolomics services market, based on service type, has been segmented into targeted metabolomics service and untargeted metabolomics service. The targeted metabolomics service segment is likely to hold a larger market share in 2021. Moreover, the targeted metabolomics service segment is anticipated to register a higher CAGR in the market during the forecast period.

Metabolomics Services Market, by Service Type – 2021 and 2028

Metabolomics Services Market, by Service Type – 2021 and 2028

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Application-Based Insights

The metabolomics services market, based on application, is segmented into pharmaceutical and biotechnology industry, agritech, and environment. The pharmaceutical and biotechnology industry segment is likely to hold the largest share of the market in 2021. Moreover, the market for this segment is expected to grow at the fastest CAGR of 21.6% during 2021 to 2028.

The metabolomics services market players adopt organic strategies such as product launch and expansion to expand their global footprint and product portfolio.

By Service Type

  • Targeted Metabolomics Service
  • Untargeted Metabolomics Service

By Application

  • Pharmaceutical and Biotechnology Industry
    • Biomarker Discovery
    • Drug Discovery
    • Toxicological Testing
    • Others
  • Agritech
  • Environment

By

Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South and Central America (SCAM)

    • Brazil
    • Argentina
    • Rest of SCAM

Company Profiles

  • BASF SE
  • TMIC
  • Creative Proteomics
  • BGI
  • RTI International
  • Afekta Technologies Ltd.
  • Fred Hutchinson Cancer Research Center
  • West Coast Metabolomics Center
  • Molecular You
  • Metabolon, Inc.
  • biocrates life sciences ag
  • Chenomx Inc.
  • C-CAMP
  • metaSysX
  • MS-Omics

1. Introduction

1.1 Scope of the Study

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Global Metabolomics Services Market – By Service Type

1.3.2 Global Metabolomics Services Market – By Application

1.3.3 Global Metabolomics Services Market – By Geography

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Metabolomics Services Market – Market Landscape

4.1 Overview

4.2 PEST Analysis

4.2.1 North America PEST Analysis

4.2.2 Europe PEST Analysis

4.2.3 Asia Pacific PEST Analysis

4.2.4 Middle East And Africa PEST Analysis

4.2.5 South And Central America PEST Analysis

4.3 Experts Opinion

5. Metabolomics Services Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Incidences of Cancer

5.1.2 Increasing Adoption of Metabolomics and Investments by Market Players

5.2 Market Restraints

5.2.1 High Cost of Tools, Instruments, and Usage

5.3 Market Opportunities

5.3.1 Development Opportunities in Emerging Countries

5.4 Future Trends

5.4.1 Use of Artificial Intelligence (AI) and Biomarkers in Biomarker-Related Analysis and Personalized Therapy

5.5 Impact Analysis

5.6 Opportunities for Contract Research (CR)

5.7 Opportunities for Supplies of Consumables

5.8 Opportunities for Commercialization of Disease Biomarkers

6. Metabolomics Services Market– Global Analysis

6.1 Global Metabolomics Services Market Revenue Forecast and Analysis

6.2 Global Metabolomics Services Market, By Geography - Forecast and Analysis

6.3 Market Positioning of Key Players

7. Global Metabolomics Services Market Revenue and Forecasts To 2028– by Service Type

7.1 Overview

7.2 Global Metabolomics Services Market, By Service Type 2021 & 2028 (%)

7.3 Targeted Metabolomics Service

7.3.1 Overview

7.3.2 Targeted Metabolomics Service: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

7.4 Untargeted Metabolomics Service

7.4.1 Overview

7.4.2 Untargeted Metabolomics Service: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

8. Metabolomics Services Market Revenue and Forecasts To 2028 – Application

8.1 Overview

8.2 Global Metabolomics Services Market Share by Application 2021 & 2028 (%)

8.3 Pharmaceutical and Biotechnology Industry

8.3.1 Overview

8.3.2 Pharmaceutical and Biotechnology Industry: Metabolomics Services Market Revenue and Forecast to 2028 (US$ Mn)

8.3.2.1 Biomarker Discovery

8.3.2.1.1 Overview

8.3.2.1.2 Biomarker Discovery: Metabolomics Services Market Revenue and Forecast to 2028 (US$ Mn)

8.3.2.2 Toxicological Testing

8.3.2.2.1 Overview

8.3.2.2.2 Toxicological Testing: Metabolomics Services Market Revenue and Forecast to 2028 (US$ Mn)

8.3.2.3 Drug Discovery

8.3.2.3.1 Overview

8.3.2.3.2 Drug Discovery: Metabolomics Services Market Revenue and Forecast to 2028 (US$ Mn)

8.3.2.4 Others

8.3.2.4.1 Overview

8.3.2.4.2 Others: Metabolomics Services Market Revenue and Forecast to 2028 (US$ Mn)

8.4 Agritech

8.4.1 Overview

8.4.2 Agritech: Metabolomics Services Market Revenue and Forecast to 2028 (US$ Mn)

8.5 Environment

8.5.1 Overview

8.5.2 Environment: Metabolomics Services Market Revenue and Forecast to 2028 (US$ Mn)

9. Metabolomics Services Market Revenue and Forecasts to 2028 – Geographical Analysis

9.1 North America: Metabolomics Services Market

9.1.1 Overview

9.1.2 North America: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.1.3 North America: Metabolomics Services Market, by Service Type, 2019–2028 (USD Million)

9.1.4 North America: Metabolomics Services Market, by Application, 2019–2028 (USD Million)

9.1.4.1 North America: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry, 2019–2028 (USD Million)

9.1.5 North America: Metabolomics Services Market, by Country, 2021 & 2028 (%)

9.1.5.1 US: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.1.5.1.1 US: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.1.5.1.2 US: Metabolomics Services Market, by Service Type, 2019–2028 (USD Million)

9.1.5.1.3 US: Metabolomics Services Market, by Application, 2019–2028 (USD Million)

9.1.5.1.3.1 US: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry, 2019–2028 (USD Million)

9.1.5.2 Canada: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.1.5.2.1 Canada: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.1.5.2.2 Canada: Metabolomics Services Market, by Service Type, 2019–2028 (USD Million)

9.1.5.2.3 Canada: Metabolomics Services Market, by Application, 2019–2028 (USD Million)

9.1.5.2.3.1 Canada: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry, 2019–2028 (USD Million)

9.1.5.3 Mexico: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.1.5.3.1 Mexico: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.1.5.3.2 Mexico: Metabolomics Services Market, by Service Type, 2019–2028 (USD Million)

9.1.5.3.3 Mexico: Metabolomics Services Market, by Application, 2019–2028 (USD Million)

9.1.5.3.3.1 Mexico: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry, 2019–2028 (USD Million)

9.2 Europe: Metabolomics Services Market

9.2.1 Overview

9.2.2 Europe: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.2.3 Europe: Metabolomics Services Market, by Service Type – Revenue and Forecast to 2028 (USD Million)

9.2.4 Europe: Metabolomics Services Market, by Application – Revenue and Forecast to 2028 (USD Million)

9.2.4.1 Europe: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

9.2.5 Europe: Metabolomics Services Market, by Country, 2021 & 2028(%)

9.2.5.1 Germany: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.2.5.1.1 Germany: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.2.5.1.2 Germany: Metabolomics Services Market, by Service Type – Revenue and Forecast to 2028 (USD Million)

9.2.5.1.3 Germany: Metabolomics Services Market, by Application – Revenue and Forecast to 2028 (USD Million)

9.2.5.1.3.1 Germany: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

9.2.5.2 France: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.2.5.2.1 France: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.2.5.2.2 France: Metabolomics Services Market, by Service Type – Revenue and Forecast to 2028 (USD Million)

9.2.5.2.3 France: Metabolomics Services Market, by Application – Revenue and Forecast to 2028 (USD Million)

9.2.5.2.3.1 France: Metabolomics Services Market, by Service Type – Revenue and Forecast to 2028 (USD Million)

9.2.5.3 UK: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.2.5.3.1 UK: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.2.5.3.2 UK: Metabolomics Services Market, by Service Type – Revenue and Forecast to 2028 (USD Million)

9.2.5.3.3 UK: Metabolomics Services Market, by Application – Revenue and Forecast to 2028 (USD Million)

9.2.5.3.3.1 UK: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

9.2.5.4 Italy: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.2.5.4.1 Italy: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.2.5.4.2 Italy: Metabolomics Services Market, by Service Type – Revenue and Forecast to 2028 (USD Million)

9.2.5.4.3 Italy: Metabolomics Services Market, by Application – Revenue and Forecast to 2028 (USD Million)

9.2.5.4.3.1 Italy: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

9.2.5.5 Spain: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.2.5.5.1 Spain: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.2.5.5.2 Spain: Metabolomics Services Market, by Service Type – Revenue and Forecast to 2028 (USD Million)

9.2.5.5.3 Spain: Metabolomics Services Market, by Application – Revenue and Forecast to 2028 (USD Million)

9.2.5.5.3.1 Spain: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

9.2.5.6 Rest of Europe: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.2.5.6.1 Rest of Europe: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.2.5.6.2 Rest of Europe: Metabolomics Services Market, by Service Type – Revenue and Forecast to 2028 (USD Million)

9.2.5.6.3 Rest of Europe: Metabolomics Services Market, by Application – Revenue and Forecast to 2028 (USD Million)

9.2.5.6.3.1 Rest of Europe: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

9.3 Asia Pacific Metabolomics Services Market Revenue and Forecasts To 2028

9.3.1 Overview

9.3.2 Asia Pacific Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.3.3 Asia Pacific: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

9.3.4 Asia Pacific: Metabolomics Services Market Revenue and Forecasts to 2028, By Application (US$ Mn)

9.3.4.1 Asia Pacific: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

9.3.5 Asia Pacific: Metabolomics Services Market Revenue and Forecasts to 2028, By Country (%)

9.3.5.1 Japan: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.3.5.1.1 Overview

9.3.5.1.2 Japan: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.3.5.1.3 Japan: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

9.3.5.1.4 Japan: Metabolomics Services Market Revenue and Forecasts to 2028, By Application (US$ Mn)

9.3.5.1.4.1 Japan: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

9.3.5.2 China: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.3.5.2.1 Overview

9.3.5.2.2 China: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.3.5.2.3 China: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

9.3.5.2.4 China: Metabolomics Services Market Revenue and Forecasts to 2028, By Application (US$ Mn)

9.3.5.2.4.1 . China: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

9.3.5.3 India Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.3.5.3.1 Overview

9.3.5.3.2 India: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.3.5.3.3 India: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

9.3.5.3.4 India: Metabolomics Services Market Revenue and Forecasts to 2028, By Application (US$ Mn)

9.3.5.3.4.1 India: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

9.3.5.4 South Korea: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.3.5.4.1 Overview

9.3.5.4.2 South Korea: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.3.5.4.3 South Korea: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

9.3.5.4.4 South Korea: Metabolomics Services Market Revenue and Forecasts to 2028, By Application (US$ Mn)

9.3.5.4.4.1 South Korea: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

9.3.5.5 Australia: Metabolomics Services Market Revenue and Forecasts to 2028(US$ Mn)

9.3.5.5.1 Overview

9.3.5.5.2 Australia: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.3.5.5.3 Australia: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

9.3.5.5.4 Australia: Metabolomics Services Market Revenue and Forecasts to 2028, By Application (US$ Mn)

9.3.5.5.4.1 Australia: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

9.3.5.6 Rest of Asia Pacific: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.3.5.6.1 Overview

9.3.5.6.2 Rest of Asia Pacific: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

9.3.5.6.3 Rest of Asia Pacific: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

9.3.5.6.4 Rest of Asia Pacific: Metabolomics Services Market Revenue and Forecasts to 2028, By Application (US$ Mn)

9.3.5.6.4.1 Rest of Asia Pacific: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

9.4 Middle East & Africa Metabolomics Services Market Revenue and Forecasts To 2028

9.4.1 Overview

9.4.2 Middle East & Africa Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.4.3 Middle East & Africa: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

9.4.4 Middle East & Africa: Metabolomics Market Revenue and Forecasts to 2028, By Application (US$ Mn)

9.4.4.1 Middle East & Africa: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

9.4.5 Middle East & Africa Metabolomics Services Market Revenue and Forecasts to 2028, By Country (%)

9.4.5.1 UAE: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.4.5.1.1 Overview

9.4.5.1.2 UAE: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.4.5.1.3 UAE: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

9.4.5.1.4 UAE: Metabolomics Services Market Revenue and Forecasts To 2028, By Application (US$ Mn)

9.4.5.1.4.1 UAE: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

9.4.5.2 Saudi Arabia: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.4.5.2.1 Overview

9.4.5.2.2 Saudi Arabia: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.4.5.2.3 Saudi Arabia: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

9.4.5.2.4 Saudi Arabia: Metabolomics Services Market Revenue and Forecasts To 2028, By Application (US$ Mn)

9.4.5.2.4.1 Saudi Arabia: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

9.4.5.3 South Africa: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.4.5.3.1 Overview

9.4.5.3.2 South Africa Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.4.5.3.3 South Africa: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

9.4.5.3.4 South Africa: Metabolomics Market Revenue and Forecasts To 2028, By Application (US$ Mn)

9.4.5.3.4.1 South Africa: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

9.4.5.4 Rest of Middle East and Africa: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.4.5.4.1 Overview

9.4.5.4.2 Rest of Middle East and Africa: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.4.5.4.3 Rest of Middle East & Africa: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

9.4.5.4.4 Rest of Middle East & Africa: Metabolomics Market Revenue and Forecasts To 2028, By Application (US$ Mn)

9.4.5.4.4.1 Rest of Middle East and Africa: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

9.5 South And Central America Metabolomics Services Market Revenue and Forecasts To 2028

9.5.1 Overview

9.5.2 South and Central America Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.5.3 South and Central America Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type(US$ Mn)

9.5.4 South and Central America: Metabolomics Services Market Revenue and Forecasts to 2028, By Application (US$ Mn)

9.5.4.1 South and Central America: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

9.5.5 South and Central America Metabolomics Services Market Revenue and Forecasts to 2028, By Country (%)

9.5.5.1 Argentina Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.5.5.1.1 Overview

9.5.5.1.2 Argentina Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.5.5.1.3 Argentina Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type(US$ Mn)

9.5.5.1.4 Argentina: Metabolomics Services Market Revenue and Forecasts To 2028, By Application (US$ Mn)

9.5.5.1.4.1 Argentina: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

9.5.5.2 Brazil: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.5.5.2.1 Overview

9.5.5.2.2 Brazil: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

9.5.5.2.3 Brazil: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

9.5.5.2.4 Brazil: Metabolomics Services Market Revenue and Forecasts To 2028, By Application (US$ Mn)

9.5.5.2.4.1 Brazil: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

9.5.5.3 Rest of South and Central America: Metabolomics Services Market– Revenue and Forecast to 2028 (USD Mn)

9.5.5.3.1 Overview

9.5.5.3.2 Rest of South and Central America: Metabolomics Services Market– Revenue and Forecast to 2028 (USD Mn)

9.5.5.3.3 Rest of South & Central America: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type(US$ Mn)

9.5.5.3.4 Rest of South & Central America: Metabolomics Services Market Revenue and Forecasts To 2028, By Application (US$ Mn)

9.5.5.3.4.1 Rest of South and Central America: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

10. Impact Of COVID-19 Pandemic on Metabolomics Services Market

10.1 North America: Impact Assessment of COVID-19 Pandemic

10.2 Europe: Impact Assessment of COVID-19 Pandemic

10.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

10.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

10.5 South and Central America: Impact Assessment of COVID-19 Pandemic

11. Metabolomics Services Market–Industry Landscape

11.1 Overview

11.2 Growth Strategies Done by the Companies in the Market, (%)

11.3 Organic Developments

11.3.1 Overview

11.4 Inorganic Developments

11.4.1 Overview

12. Company Profiles

12.1 BASF SE

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 TMIC

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Creative Proteomics

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 BGI

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 RTI International

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Afekta Technologies Ltd.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Fred Hutchinson Cancer Research Center

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 West Coast Metabolomics Center

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Molecular You

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Metabolon, Inc.

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

12.11 biocrates life sciences ag

12.11.1 Key Facts

12.11.2 Business Description

12.11.3 Products and Services

12.11.4 Financial Overview

12.11.5 SWOT Analysis

12.11.6 Key Developments

12.12 Chenomx Inc.

12.12.1 Key Facts

12.12.2 Business Description

12.12.3 Products and Services

12.12.4 Financial Overview

12.12.5 SWOT Analysis

12.12.6 Key Developments

12.13 C-CAMP

12.13.1 Key Facts

12.13.2 Business Description

12.13.3 Products and Services

12.13.4 Financial Overview

12.13.5 SWOT Analysis

12.13.6 Key Developments

12.14 metaSysX

12.14.1 Key Facts

12.14.2 Business Description

12.14.3 Products and Services

12.14.4 Financial Overview

12.14.5 SWOT Analysis

12.14.6 Key Developments

12.15 MS-Omics

12.15.1 Key Facts

12.15.2 Business Description

12.15.3 Products and Services

12.15.4 Financial Overview

12.15.5 SWOT Analysis

12.15.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES

Table 1. R&D Investments by Major Pharmaceutical Companies

Table 2. North America Metabolomics Services Market, by Service Type– Revenue and Forecast to 2028 (USD Million)

Table 3. North America Metabolomics Services Market, by Application– Revenue and Forecast to 2028 (USD Million)

Table 4. North America Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry– Revenue and Forecast to 2028 (USD Million)

Table 5. US Metabolomics Services Market, by Service Type – Revenue and Forecast to 2028 (USD Million)

Table 6. US Metabolomics Services Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 7. US Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 8. Canada Metabolomics Services Market, by Service Type – Revenue and Forecast to 2028 (USD Million)

Table 9. Canada Metabolomics Services Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 10. Canada Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 11. Mexico Metabolomics Services Market, by Service Type – Revenue and Forecast to 2028 (USD Million)

Table 12. Mexico Metabolomics Services Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 13. Mexico Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 14. Europe: Metabolomics Services Market, by Service Type – Revenue and Forecast to 2028 (USD Million)

Table 15. Europe: Metabolomics Services Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 16. Europe: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 17. Germany: Metabolomics Services Market, by Service Type – Revenue and Forecast to 2028 (USD Million)

Table 18. Germany: Metabolomics Services Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 19. Germany: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 20. France: Metabolomics Services Market, by Service Type – Revenue and Forecast to 2028 (USD Million)

Table 21. France: Metabolomics Services Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 22. France: Metabolomics Services Market, by Service Type – Revenue and Forecast to 2028 (USD Million)

Table 23. UK: Metabolomics Services Market, by Service Type – Revenue and Forecast to 2028 (USD Million)

Table 24. UK: Metabolomics Services Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 25. UK: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 26. Italy: Metabolomics Services Market, by Service Type – Revenue and Forecast to 2028 (USD Million)

Table 27. Italy: Metabolomics Services Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 28. Italy: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 29. Spain: Metabolomics Services Market, by Service Type – Revenue and Forecast to 2028 (USD Million)

Table 30. Spain: Metabolomics Services Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 31. Spain: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 32. Rest of Europe: Metabolomics Services Market, by Service Type – Revenue and Forecast to 2028 (USD Million)

Table 33. Rest of Europe: Metabolomics Services Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 34. Rest of Europe: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 35. Asia Pacific: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

Table 36. Asia Pacific: Metabolomics Services Market Revenue and Forecasts to 2028, By Application (US$ Mn)

Table 37. Asia Pacific: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 38. Japan: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

Table 39. Japan: Metabolomics Services Market Revenue and Forecasts to 2028, By Application (US$ Mn)

Table 40. Japan: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 41. China: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

Table 42. China: Metabolomics Services Market Revenue and Forecasts to 2028, By Application (US$ Mn)

Table 43. China: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 44. India: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

Table 45. India: Metabolomics Services Market Revenue and Forecasts to 2028, By Application (US$ Mn)

Table 46. India: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 47. South Korea: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

Table 48. South Korea: Metabolomics Services Market Revenue and Forecasts to 2028, By Application (US$ Mn)

Table 49. South Korea: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 50. Australia: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

Table 51. Australia: Metabolomics Services Market Revenue and Forecasts to 2028, By Application (US$ Mn)

Table 52. Australia: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 53. Rest of Asia Pacific: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

Table 54. Rest of Asia Pacific: Metabolomics Services Market Revenue and Forecasts to 2028, By Application (US$ Mn)

Table 55. Rest of Asia Pacific: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 56. Middle East & Africa: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

Table 57. Middle East & Africa: Metabolomics Market Revenue and Forecasts to 2028, By Application (US$ Mn)

Table 58. Middle East & Africa: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 59. UAE: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

Table 60. UAE: Metabolomics Services Market Revenue and Forecasts to 2028, By Application (US$ Mn)

Table 61. UAE: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 62. Saudi Arabia: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

Table 63. Saudi Arabia: Metabolomics Services Market Revenue and Forecasts to 2028, By Application (US$ Mn)

Table 64. Saudi Arabia: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 65. South Africa Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

Table 66. South Africa: Metabolomics Market Revenue and Forecasts to 2028, By Application (US$ Mn)

Table 67. South Africa: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 68. Rest of Middle East & Africa: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

Table 69. Rest of Middle East & Africa: Metabolomics Market Revenue and Forecasts to 2028, By Application (US$ Mn)

Table 70. Rest of Middle East and Africa: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 71. South and Central America Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type(US$ Mn)

Table 72. South and Central America: Metabolomics Services Market Revenue and Forecasts to 2028, By Application (US$ Mn)

Table 73. South and Central America: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 74. Argentina Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type(US$ Mn)

Table 75. Argentina: Metabolomics Services Market Revenue and Forecasts to 2028, By Application (US$ Mn)

Table 76. Argentina: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 77. Brazil: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type (US$ Mn)

Table 78. Brazil: Metabolomics Services Market Revenue and Forecasts to 2028, By Application (US$ Mn)

Table 79. Brazil: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 80. Rest of South & Central America: Metabolomics Services Market Revenue and Forecasts to 2028, By Service Type(US$ Mn)

Table 81. Rest of South & Central America: Metabolomics Services Market Revenue and Forecasts to 2028, By Application (US$ Mn)

Table 82. Rest of South and Central America: Metabolomics Services Market, by Pharmaceutical and Biotechnology Industry – Revenue and Forecast to 2028 (USD Million)

Table 83. organic Developments Done By Companies

Table 84. Inorganic Developments Done By Companies

Table 85. Glossary of Terms, Metabolomics Services Market

LIST OF FIGURES

Figure 1. Metabolomics Services Market Segmentation

Figure 2. Metabolomics Services Market, By Region

Figure 3. Global Metabolomics Services Market Overview

Figure 4. Silicone Segment Held Largest Share of Type Segment in Metabolomics Services Market

Figure 5. Asia Pacific is Expected to Show Remarkable Growth During the Forecast Period

Figure 6. Metabolomics Services Market, by Geography (US$ Million)

Figure 7. Global Metabolomics Services Market- Leading Country Markets (USD Million)

Figure 8. Global Metabolomics Services Market, Industry Landscape

Figure 9. North America PEST Analysis

Figure 10. Europe: PEST Analysis

Figure 11. Asia Pacific PEST Analysis

Figure 12. Middle East And Africa : PEST Analysis

Figure 13. South And Central America: PEST Analysis

Figure 14. Experts Opinion

Figure 15. Impact Analysis of Drivers and Restraints Pertaining to Metabolomics Services Market

Figure 16. Global Metabolomics Services Market– Revenue Forecast and Analysis – 2021- 2028

Figure 17. Global Metabolomics Services Market– By Geography Forecast and Analysis – 2021- 2028

Figure 18. Market Positioning of Key Players in Global Metabolomics Services Market

Figure 19. Global Metabolomics Services Market, by Service Type 2021 & 2028 (%)

Figure 20. Targeted Metabolomics Service: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 21. Untargeted Metabolomics Service: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 22. Global Metabolomics Services Market Share by Application 2021 & 2028 (%)

Figure 23. Pharmaceutical and Biotechnology Industry: Metabolomics Services Market Revenue and Forecasts To 2028 (US$ Mn)

Figure 24. Biomarker Discovery: Metabolomics Services Market Revenue and Forecasts To 2028 (US$ Mn)

Figure 25. Toxicological Testing: Metabolomics Services Market Revenue and Forecasts To 2028 (US$ Mn)

Figure 26. Drug Discovery: Metabolomics Services Market Revenue and Forecasts To 2028 (US$ Mn)

Figure 27. Others : Metabolomics Services Market Revenue and Forecasts To 2028 (US$ Mn)

Figure 28. Agritech: Metabolomics Services Market Revenue and Forecasts To 2028 (US$ Mn)

Figure 29. Environment: Metabolomics Services Market Revenue and Forecasts To 2028 (US$ Mn)

Figure 30. North America: Metabolomics Services Market, by Key Country – Revenue (2021) (USD Million)

Figure 31. North America Metabolomics Services Market Revenue and Forecast to 2028 (USD Million)

Figure 32. North America: Metabolomics Services Market, by Country, 2021 & 2028 (%)

Figure 33. US: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

Figure 34. Canada: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

Figure 35. Mexico: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

Figure 36. Europe: Metabolomics Services Market, by Key Country – Revenue (2021) (USD Million)

Figure 37. Europe: Metabolomics Services Market Revenue and Forecast to 2028 (USD Million)

Figure 38. Europe: Metabolomics Services Market, by Country, 2021 & 2028 (%)

Figure 39. Germany: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

Figure 40. France: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

Figure 41. UK: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

Figure 42. Italy: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

Figure 43. Spain: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

Figure 44. Rest of Europe: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

Figure 45. Asia Pacific Metabolomics Services Market Overview, by Country (2021)

Figure 46. Asia Pacific: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 47. Asia Pacific: Metabolomics Services Market Revenue and Forecasts to 2028, By Country (%)

Figure 48. Japan: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 49. China: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 50. India: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 51. South Korea: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 52. Australia: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 53. Rest of Asia Pacific: Metabolomics Services Market – Revenue and Forecast to 2028 (USD Million)

Figure 54. Middle East & Africa Metabolomics Services Market Revenue Overview, by Country, 2021 (US$ Mn)

Figure 55. Middle East & Africa Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 56. Middle East & Africa Metabolomics Services Market Revenue and Forecasts to 2028, By Country (%)

Figure 57. UAE: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 58. Saudi Arabia: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 59. South Africa: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 60. Rest of Middle East and Africa: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 61. South and Central America Metabolomics Services Market Revenue Overview, by Country, 2021 (US$ Mn)

Figure 62. South and Central America Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 63. South and Central America Metabolomics Services Market Revenue and Forecasts to 2028, By Country (%)

Figure 64. Argentina Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 65. Brazil: Metabolomics Services Market Revenue and Forecasts to 2028 (US$ Mn)

Figure 66. Rest of South and Central America: Metabolomics Services Market– Revenue and Forecast to 2028 (USD Mn)

Figure 67. Impact of COVID-19 Pandemic in North American Country Markets

Figure 68. Impact of COVID-19 Pandemic in European Country Markets

Figure 69. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 70. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

Figure 71. Impact Of COVID-19 Pandemic in South and Central America Africa Country Markets

Figure 72. Growth Strategies Done by the Companies in the Market, (%)

The List of Companies - Metabolomics Services Market

  1. BASF SE       
  2. TMIC             
  3. Creative Proteomics              
  4. BGI    
  5. RTI International        
  6. Afekta Technologies Ltd.        
  7. Fred Hutchinson Cancer Research Center      
  8. West Coast Metabolomics Center       
  9. Molecular You            
  10. Metabolon, Inc.          
  11. biocrates life sciences ag       
  12. Chenomx Inc.            
  13. C-CAMP        
  14. metaSysX      
  15. MS-Omics
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the metabolomics services market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global metabolomics services market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution
TIPRE00025127
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Frequently Asked Questions

Metabolomics is the study and analysis of biological processes involving metabolic intermediates and byproducts. These products are referred to as metabolomes, and they contain all metabolites involved in an organism's many processes, including secondary metabolites, signalling molecules, hormones, and metabolic intermediates.

Key factors that are driving growth of the market are rising incidences of cancer and increasing adoption of metabolomics and investments by market players. However, high cost of tools, instruments, and usage is expected to restrict the market growth during the forecast period.

The Metabolomics Services market is anticipated to grow around 20.9% CAGR amid the forecast period 2021-2028.

BASF SE and TMIC .are the key players in the Metabolomics Services market

Targeted metabolomics service segment market provides the most opportunity for growth

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