According to Latest Market research report Published by MarketsandMarkets the “Metabolomics Market Size, Share, Demand and Growth Analysis, forecast” the Global Market is expected to reach $ 2,386.4 million, nearly at a CAGR of 14.6%
Metabolomics is a powerful and unique analytical approach for the systematic identification and quantification of small-molecule metabolites, metabolite target analysis, metabolic profiling, and metabolic fingerprinting in various biological systems and samples. This metabolomics technology market majorly comprises detection techniques such as mass spectrometry (MS) and nuclear magnetic resonance spectroscopy (NMR), and separation techniques such as gas chromatography.
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The research report discusses key market drivers, restraints, opportunities, and challenges in the global metabolomics technology market and its submarkets.
key players operating in the Global Metabolomics Market;
The global metabolomics technology market is highly competitive and fragmented in nature. Prominent players in the global market are Thermo Fisher Scientific (U.S.), Agilent Technologies (U.S.), Danaher Corporation (U.S.), Waters Corporation (U.S.), and Shimadzu Corporation (Japan). Other leading players in this market include Bio-Rad Laboratories (U.S.), Bruker Corporation (U.S.)
Thermo Fisher Scientific, Inc. (U.S.) held the leading position in the global market. Its prominence in this market can be attributed to its diversified product portfolio that includes a wide range of products for metabolomics instrumentation tools and services. The company strongly invests in R&D activities to improve its existing product portfolio, as it has a strong pipeline of products for the growing market.
Major Drivers Impacting the Metabolomics Market;
- Availability of government and private funding
- Increasing pharmaceutical and biotech R&D expenditure
- Technological advancements
- Growing demand for personalized medicine
- Increasing the use of metabolomics in toxicology testing
Key Questions Addressed in this research study:
- Most of the metabolomics market players have new product launch and product enhancements as the key growth strategies. Where will it take the industry in the mid to long term?
- How are the potential areas for investment using strategic evaluation in metabolomics technology market?
Global Metabolomics Market Segmentation:
Based on product & service, the market is segmented into metabolomics instruments and metabolomics bioinformatics tools & services. Metabolomics bioinformatics tools & services are expected to grow at the highest CAGR during the forecast period. The ability of metabolome analysis software tools for interpreting the results of analytical experiments and understand the potential of metabolomics data generated from analytical tools are expected to drive the growth of this segment.
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Metabolomics Market by Geography
- North America
- Europe
- Asia Pacific (APAC)
- Latin America
- Middle East & Africa
