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Title Metabolism Assays Market worth $2.1 billion by 2028
URL https://www.globenewswire.com/news-release/2023/10/04/2754564/0/en/Metabolism-Assays-Market-is-Expected-to-Reach-2-1-billion-MarketsandMarkets.html
Category Fitness Health --> Health Articles
Meta Keywords Global Metabolism Assays Market
Meta Description Global Metabolism Assays Market, Metabolism Assays Industry, Metabolism Assays Market Size, Metabolism Assays Market Growth, Metabolism Assays Market Trends
Owner Healthcare101
Description
Metabolism Assays market in terms of revenue was estimated to be worth $1.4 billion in 2023 and is poised to reach $2.1 billion by 2028, growing at a CAGR of 7.8% from 2023 to 2028 according to a latest report published by MarketsandMarkets™. The rising investments by pharmaceutical and biotechnology companies for drug metabolism studies and disease research and the use of metabolism assays for fitness and sports are the factors driving the growth of this market. However, the high cost of metabolism assay analyzers and the presence of alternative methods and techniques will restrain the market during the forecast period.