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 MarketDataForecast™, 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.
Browse Market Data Tables and Figures spread through 175 Pages and in-depth TOC on "Metabolomics 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.)
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