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The Developing Acceptance of Metabolomics in Customized Medicines Is One of the Key Variables Boosting the Development of the Metabolomics Market

The Global Metabolomics Market is worth USD1.25 billion in 2016 and estimated to grow at a CAGR of 19%, to reach USD2.981billion by 2021

Posted: Wednesday, February 14, 2018 at 1:15 AM CST

Hyderabad, India -- (SBWire) -- 02/14/2018 --According to a new market research report "Metabolomics Market By Product (GC, Bioinformatics, Mass Spectrometry, HPLC, UPLC, NMRS, Surface Based Mass Analysis,), Indication (Oncology, Cardiology, Inborn Errors), Application (Nutrigenomics, Toxicology, Biomarker & Drug Discovery) - Global Forecast to 2021", published by MarketDataForecastā„¢, the market is expected to reach USD 5.14 Billion by 2021 from USD 3.68 Billion in 2016, at a CAGR of 6.9%. Metabolomics includes the employment of assorted analytical techniques for the determination of metabolites resembling spectroscopic analysis, natural action, and statistical procedure. Metabolites are closely concerning the makeup of associate degree organism and may be used for a large variety of applications resembling substantial equivalence testing, phenotyping of genetically changed plants, identification of citron operate, and biotic-abiotic stress reaction analysis. Moreover, it facilitates researcher's associate degreed scientists to estimate physiological effects and observe the adverse reaction of medication on an organism. Factors such as increasing concern towards an accurate diagnosis of diseases, rising demand for personalised drugs, and also the emergence of advanced technologies are driving the market. However, problems concerning knowledge examination and process, and also the high value of tools and instruments are restraining the expansion of this market.

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Based on product, the market is segmented into GC, Bioinformatics, Mass Spectrometry, HPLC, UPLC, NMRS, and surface based mass analysis.

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Based on the indication, the market is segmented into Oncology, Cardiology, and Inborn Error. Biomarker and drug discovery segment is estimated to command for the largest share of the market during the forecast period

Based on application, the market is segmented into Nutrigenomics, Toxicology, and Biomarker & Drug Discovery. Biomarker and drug discovery segment accounted for the biggest share of the global metabolomics market. This can be attributed to the development in potency and dependability of metabolic identification of biomarkers and also the correct and clinically helpful diagnostic capabilities of metabolic biomarkers for the management of diseases at the metabolic level.

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North America is estimated to command the largest share of the market
Based on region, the Metabolomics Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America accounted for the most important share of the metabolomics market, followed by Europe. This can be attributed to Technically advanced production and therefore the presence of an outsized range of leading metabolomics makers within the region are driving market growth in North America. Asia Pacific is anticipated to grow with a high CAGR in the forecast period.

Key players in the Metabolomics Market include Agilent Technologies, Inc. (U.S.), Human Metabolome Technologies, Inc. (Japan), Thermo Fisher Scientific, Inc. (U.S.), LECO Corporation (U.S.), Bruker Corporation (U.S.), Shimadzu Corporation (Japan), Metabolon Inc. (U.S.), Danaher Corporation (U.S.), Biocrates Life Sciences AG (Austria), and Waters Corporation (U.S.)

The scope of the report provides:
The evaluation of the current market for your product or services and the future implications of the market
Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter's Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
Equip you with the information providing with the investment opportunities in the industry
Looking for more? If you are in need of a specific research study, we have an expertise in undertaking a customized study and will aid to meet your research requirement to the fullest.

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Global Metabolomics Market