Metabolic Panel Testing Market Size

Metabolic Panel Testing Market size was valued at USD 11.23 billion in 2023 and is expected to exceed USD 34.02 billion by the end of 2036, expanding at over 8.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of metabolic panel testing is evaluated at USD 12.03 billion.

The growth of the market can be attributed to the increasing awareness among people regarding early diagnosis and treatment of diseases, and growing prevalence of chronic diseases around the world. Along with these, rising number of incidences lifestyle-associated diseases, including obesity, coupled with the escalating adoption of unhealthy habits such as smoking, excessive drinking and lack of physical activities are also expected to drive significant market growth in the forthcoming years. According to the World Health Organization (WHO), about 38.2 million children under the age of 5 years were overweight or obese in the year 2019. Worldwide obesity has grown by more than 3 times since 1975. Furthermore, developments in point-of-care technologies and diagnostics globally are projected to offer lucrative opportunities for market growth in the near future.