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Metabolomics Market grow at a CAGR of 14.6% during the forecast period

 



(MoneyNewsWire.Net, April 20, 2018 ) The global metabolomics market is estimated to reach USD 2.39 Billion by 2021, at a CAGR of 14.6% during the forecast period. The growing acceptance of metabolomics for personalized medicine, increasing pharmaceutical and biotech R&D expenditure, and continuous technological advancements are some of the factors driving market growth. New range of enhanced technologies for accuracy and precision in metabolomics research and growth in emerging markets due to increasing investments presents significant growth opportunities for players in the market. However, issues related to data examination and processing and high-cost tools and instruments and their maintenance are the major restraining factors for this market.

Explore More Information about report @ https://www.researchcosmos.com/reports/global-metabolomics-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/7824895

In this report, the metabolomics market is segmented on the basis of product & service, application, indication, and region. The research report discusses key market drivers, restraints, opportunities, and challenges in the global market and its submarkets. Based on product & service, the market is segmented into metabolomics instruments and metabolomics bioinformatics tools & services. The metabolomics instruments segment accounted for the largest share of the market in 2015. However, metabolomics bioinformatics tools & services is 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.

Based on application, the metabolomics market is segmented into biomarker discovery, drug discovery, nutrigenomics, toxicology testing, personalized medicine, functional genomics, and other applications. The biomarker discovery segment accounted for the largest share of the global metabolomics market in 2015. The large share of the biomarker discovery segment can be attributed to the rising incidence and prevalence of chronic diseases such as CVD, cancer, and diabetes; growing acceptance of cancer diagnostic tests; and scientific progression in discovery technologies.

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In this report, the global metabolomics market has been studied at the regional and country levels. In 2015, North America represented the largest regional market, followed by Europe. North America will continue to dominate the market during the forecast period, the Asia-Pacific region is expected to register the highest growth. The growth of this regional segment is driven by the significant economic development in emerging markets, metabolomic technologies playing an integral role in the modern pharmaceutical and healthcare industries, and rising focus of key market players in this region.

The major players in the global metabolomics market are Agilent Technologies, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Bruker Corporation (U.S.), Danaher Corporation (U.S.), Shimadzu Corporation (Japan), Metabolon Inc. (U.S.), LECO Corporation (U.S.), Biocrates Life Sciences AG (Austria), Human Metabolome Technologies, Inc. (Japan), and Waters Corporation (U.S.).

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About Us:

Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.

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Dani Rodriguez

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dani@researchcosmos.com

Source: EmailWire.Com


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