Press release
Metabolomics Market - Rising use of Metabolomics as Key Tool in Life Sciences To Boost Global Market
Metabolomics is gaining importance as a tool in life sciences, since it is a relatively fast and precise technique that can be applied with either a particular focus or in an overall manner to gain new knowledge about biological systems. The global metabolomics market is segmented into three sub-segments by techniques, applications, and geography. The market by technique is further divided as separation techniques and detection techniques. Separation techniques includes gas chromatography, capillary electrophoresis, high performance liquid chromatography (HPLC) and ultra-performance liquid chromatography (UPLC).Read More about Metabolomics Market:
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The HPLC accounted for the highest share of metabolomics market by technique. Detection technique includes nuclear magnetic resonance spectroscopy (NMR), mass spectrometry (MS) and others. The market by application includes drug assessment, biomarker discovery, nutrigenomics, clinical toxicology and others. The market by geography is divided into five regions as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
According to a new market report published by Transparency Market Research “Metabolomics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2024”, the metabolomics market is anticipated to expand at a CAGR of 17.1% from 2016 to 2024 to reach USD 2,494.8 million by 2024.
The factors such as increasing demand for personalized medicines, particularly across Europe and North America, growing research funding and government initiatives, increasing necessity for toxicology technologies and improved research and development activities across biotechnology and pharmaceutical sectors are expected to propel the metabolomics market. Major restraints for the market includes reluctance of the adoption of advanced technology and data processing and analysis by the traditional professionals and dearth of skilled labor. Regardless of the restraints, the market is observing steady growth with rising opportunity offered by untapped markets and biomarker discovery services. Technological improvements and combination of various academic research institutes with the major players in the market are also expected to drive this market.
Research Report: http://www.transparencymarketresearch.com/metabolomics-market.html
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