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Metabolomics Market Trends, Business Strategies and Opportunities with Key Players Analysis
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Metabolomics has wide application in various field, these include biomarker discovery, drug discovery, toxicology testing, nutrigenomics, functional genomics, personalized medicine, and others. The biomarker discovery was the largest application area of metabolomics in 2016, due to to the rise in prevalence of chronic diseases on the global level. Additionally, the extensive oncological research with inclination towards study of new biomarkers and its cancer application drives the larger contribution of biomarker discovery in the market.
Various factors leading to the growth of the metabolomics industry include the rise in funding for technological research from government as well as private organizations, along with increase in collaborations & partnerships of key players for enhancement of their product portfolio. There has been significant rise in the R&D expenditure by the key players for development of technologically advanced metabolomics platforms, which is expected to drive the growth of the market during the forecast period. The advent of personalized medication also acts as a driving force to the growth of the market.
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Some of the other key players in the global market include Agilent Technologies, Inc., Danaher Corporation, Waters Corporation, Shimadzu Corporation, Bio-Rad Laboratories, Inc., Bruker Corporation, Human Metabolome Technologies Inc., Metabolon, Inc.
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