Global Nutrigenomics Testing Market, By Product Type (Reagents and Kits, Services), Application (Obesity, Diabetes, Cancer, Cardiovascular Diseases, Others), Distribution Channel (Hospitals and Clinics, Online Platform, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Huge expenditure is being spent on daily basis on the study of genome-wide influences of nutrition. This has widened the scope of growth for the nutrigenomics testing market. Rising number of research laboratories have shifted their focus towards nutrigenomics testing.
- Data Bridge Market Research analyses that the nutrigenomics testing market is expected to undergo a CAGR of 8.45% during the forecast period. “Hospitals and Clinics” accounts for the largest application segment in the nutrigenomics testing market owing to the growing awareness amongst the people for staying fit and healthy in the era of disease and problems caused by unhealthy lifestyle and obesity.
Market Definition
Nutrigenomics refers to the science and study of the effects of diets and nutrition and studies the correlation linking genome and nourishment. Nutrigenomics studies how food affects the constituents of the genes.
Nutrigenomics Testing Market Dynamics
Drivers
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The rise in the prevalence of obesity
Obesity gives rise to numerous diseases such as cardiovascular, respiratory, and much more. Obesity is generally a result of bad eating habits. This in turn has widened the scope of growth for the market.
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Government investments on healthcare infrastructure
The increase in the funding by the federal government is set to drive the demand for recreational oxygen equipment. Moreover, growth and expansion of healthcare industry being driven by both public and private players especially in the developing economies will create lucrative market growth opportunities.
Additionally, surge in the personal disposable income level, accelerating rate of personalized diet requirement and increasing investment for the development of advanced and innovative technology, positively affect the market.
Opportunities
Furthermore, increasing focus of major manufacturers on integration and installation of advanced and modern technologies and rising government initiatives to promote and prevail healthy lifestyle in the developed and emerging economies will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, increasing burden of lifestyle disorders and gaining popularity of personalised diet will further expand the recreational oxygen equipment market's growth rate in the future.
Restraints/Challenges
On the other hand, high cost associated with the research and development proficiencies, lack of awareness among the people in the underdeveloped economies regarding benefits, limited infrastructural facilities and high expenditure required for research and developmental activities are expected to obstruct market growth. Also, dearth of regulatory support and inadequate demonstrations of nutrigenomics analysis is projected to challenge the recreational oxygen equipment market in the forecast period of 2022-2029.
This nutrigenomics testing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the nutrigenomics testing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Nutrigenomics Testing Market
COVID-19 has a negative impact on the nutrigenomics testing market growth rate. There was a dramatically rise in the demand for oxygen cylinders all around the world. Due to diversion of medical field towards treating COVID-19, the funding to research and developments activities related to nutrigenomic testing has been reduced and this segment have to face negligence subsequently causing negative impact on nutrigenomic testing market.
Global Nutrigenomics Testing Market Scope
The nutrigenomics testing market is segmented on the basis of product type, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Reagents and Kits
- Services
On the basis of product type, the nutrigenomics testing market is segmented into reagents and kits and services.
Application
- Obesity
- Diabetes
- Cancer
- Cardiovascular Diseases
- Others
On the basis of application, the nutrigenomics testing market is segmented into obesity, diabetes, cancer, cardiovascular diseases and others.
Distribution Channel
- Hospitals and Clinics
- Online Platform
- Others
On the basis of distribution channel, the nutrigenomics testing market has also been segmented into hospitals and clinics, online platform and others.
Nutrigenomics Testing Market Regional Analysis/Insights
The nutrigenomics testing market is analysed and market size insights and trends are provided by country, application, product type, application and distribution channel as referenced above.
The countries covered in the nutrigenomics testing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the nutrigenomics testing market because of the strong base of healthcare facilities and rising burden of diseases due to sedentary lifestyle adoption.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, ever-rising geriatric population base and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The nutrigenomics testing market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for nutrigenomics testing market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the nutrigenomics testing market. The data is available for historic period 2010-2020.
Competitive Landscape and Nutrigenomics Testing Market Share Analysis
The nutrigenomics testing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to nutrigenomics testing market.
Some of the major players operating in the nutrigenomics testing market are Geratherm Medical AG, MGC Diagnostics Corporation, OSI Systems, Inc., AEI Technologies, Inc., Cosmed Group, Microlife Medical Home Solutions, Inc., Parvo Medics, Cortex Biophysik GmbH, VacuMed, Merck KGaA, Abbott, Admera Health, Endurance Company, LLC, PreventiNe Life Care, Promega Corporation, Holistic Heal, GeneLink, Cura Integrative Medicine, Nutrigenomix, GX Sciences, Interleukin Genetics, NutraGene, Metagenics, Pathway Genomics, Salugen, Genelex, Gene Box, Xcode Life and Sanger Genomics among others.
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