The latest market report published by Credence Research, Inc. “Global Nutrigenomics Market – Growth, Future Prospects, Competitive Analysis, 2018 – 2026,” the global nutrigenomics market is expected to grow at a CAGR of 16.3% from 2018 to 2026.
Nutrigenomics is a branch of medical science where chronic diseases are studied at genome level and nutritional diets are recommended to be treated accordingly. There are no regulatory restrictions against any nutrigenomic reagents and kits on the market. Moreover, uncertainty also exists with respect to ethical issues related to the release of product genetic information by healthcare providers and medical laboratories.
Reagents and kits are the consumer type of the nutrigenomics industry. The key attributes responsible for its supremacy are exponential growth in medical laboratories around the world and growing prevalence of chronic diseases such as obesity, diabetes, cardiac complications and cancer. The Services segment will see impressive growth due to technical advances in IT healthcare services and apps. Mandatory production of the Electronic Health Record (EHR) of patients has given impetus to the services field.
According to the latest statistics provided by the World Health Organization (WHO) in 2016, approximately 1.9 billion adults were overweight. Factors for this widespread increase in obesity include appetite for junk food, sedentary lifestyle, and leptin resistance. Chronic diseases will account for three-fourths of global mortality by 2020. Chronic diseases are being studied at the genetic level in order to understand their etiology and how nutritional science can reverse it.
The research section of nutrigenomics is currently dominated by saliva and buccal swabs. Consumers are very inclined towards the oral sample collection method due to its inherent beneficial characteristics such as quickness, ease of processing, pain and venipuncture associated with the collection of samples. Researchers are working tirelessly to address the issue of bacterial contamination which destabilizes the DNA obtained in oral samples. Other types for DNA extraction, such as hair and urine, are the cynoses in clinical research on the basis of factors such as decreased specimen size, excellent processing and DNA quantification by techniques such as PCR.
North America is the regional market leader in nutrigenomics. Rising prevalence of chronic disease and exponential growth in the number of clinical laboratories are driving the growth of the nutrigenomics market in North America. Throughout Europe, government health departments have invested massive funds throughout university work that is actively engaged in nutrigenomics studies. Increasing public health awareness also has a positive impact on the development of the nutrigenomics industry in North America. Asia Pacific is a potential market for key nutrigenomics players to develop clinical laboratories and retail outlets. Untapped market in rural areas has a constructive effect on the nutrigenomics market growth in Asia Pacific.
Report Scope by Segments:
By Product (2016–2026; US$ Mn)
- Reagents and Kits
By Application (2016–2026; US$ Mn)
- Chronic Diseases
By Test (2016–2026; US$ Mn)
- Saliva Test
- Buccal Swab Test
- Blood Test
Pharmaceutical companies providing reagents and kits to determine the nutrigenomics of human beings are Cura Integrative Medicine, Centogene, Genomix Nutrition, Inc., Metagenics, Inc., NutraGene, Nutrigenomix, Navigenics, XCODE Life Sciences, Pvt. Ltd., WellGen, Inc. and 23&Me, Inc.
Key Market Movements:
- Rampant growth of clinical laboratories and increasing number of people suffering with chronic disease worldwide
- Technical innovation in the IT healthcare services provided and availability of low cost reagent and test kits
- Paradigm shift in the approach to treat lifestyle disorder analyzing disease etiology at genetic level and recommending nutrition respectively
Key questions answered in this report:
- How the market assessment is performed and current market trends is determined?
- Who are the leading players providing nutrigenomics reagents and kits?
- Which is the largest and fastest growing product segment for nutrigenomics market?
- Which is the largest and fastest growing application segment for nutrigenomics market?
- Which is the largest and fastest growing test segment for nutrigenomics market?
- Which is the largest and fastest growing geographical segment for nutrigenomics market?