Metabolomics Market Expected to Reach $3,301 Million by 2023

Portland, OR -- (SBWire) -- 02/22/2018 --Metabolomics Market by Product & Service, Application, and Indication: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global metabolomics market accounted for $1,379 million in 2016, and is estimated to reach $3,301 million by 2023, registering a CAGR of 13.2% from 2017 to 2023. North America was the highest contributor to the global metabolomics market in 2016; while, Asia-Pacific is anticipated to witness the highest growth rate throughout the forecast period.

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Metabolomics uses various analytical methods, such as spectroscopy, chromatography, and multivariate analysis, for the identification & quantification of various metabolites. The analytical methods facilitate the classification of various known & unknown metabolites in the reaction. The comprehensive nature of metabolites enables its application in diverse medical fields; thereby, facilitating the development of new therapeutic procedures and diagnostics tests.

Metabolomics includes the utilization of various analytical techniques for the determination of metabolites such as, spectroscopy, chromatography, and multivariate analysis. Metabolites are closely related to the phenotype of an organism, and can be used for a wide range of applications such as, substantial equivalence testing, phenotyping of genetically modified plants, identification of gene function, and biotic-abiotic stress reaction analysis. Furthermore, it facilitates researchers and scientists to calculate physiological effects and observe adverse reaction of drugs on an organism.

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The global metabolomics market is segmented based on product & service, application, indication, and geography. Based on product & service, it is divided into metabolomics instruments and metabolomics bioinformatics tools & services. The metabolomics instruments segment is further divided into separation techniques and detection techniques. The separation techniques segment is further classified into high-performance liquid chromatography, gas chromatography, ultra-performance liquid chromatography, and capillary electrophoresis.

Metabolomics Market Key Segments:

By Product & Service
Metabolomics Instruments
Separation Techniques
High-performance Liquid Chromatography
Gas Chromatography
Ultra-performance Liquid Chromatography
Capillary Electrophoresis.
Detection Techniques
Mass Spectrometry
Nuclear Magnetic Resonance Spectroscopy
Surface-based Mass Analysis
Metabolomics Bioinformatics Tools & Services
Bioinformatics Tools and Database
Bioinformatics Services

By Application

Biomarker Discovery
Drug Discovery
Toxicology Testing
Nutrigenomics
Functional Genomics
Personalized Medicine
Others

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