Metabolomics is an omics sciences in systems biology and involves global valuation and validation of endogenous metabolites inside a biological system. With the technological advances in molecular biology, there has been significant development in the field of metabolomics. The developments analytical equipment and software have backed the development of metabolomics field.
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Global Metabolomics Market to Expand at 17.10% CAGR from 2016 to 2024
1. Metabolomics Market - Global Industry
Analysis, Size, Share, Growth, Trends, and
Forecast Upto 2024
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.
Metabolomics help in the identification and quantification of cellular
metabolites by using refined analytical technologies coupled with multi-
variant and statistics methods. Metabolomics are used for data mining
and for providing functional information of the physiological nature of
an organism.
Over the past few years, many analytical technologies have been
introduced and employed to study metabolites in various organisms,
fluids, and tissues. Thanks to the increasing application of metabolomics
such as the identification of gene function, monitoring responses to
abiotic and biotic stress, and phenotyping of genetically modified plants,
the demand for metabolomics is expected to increase in the years to
come.
The global metabolomics market is expected to expand at a 17.10%
CAGR during the period from 2016 to 2024 to reach US$2.50 bn by
2024. Factors such as the increasing application of metabolomics, the
increasing use of metabolomics as a tool in life science, and the
2. increased government spending are expected to propel the global
metabolomics market in the near future.
The global metabolomics market is segmented on the basis of technique,
region, and application. By technique, the global metabolomics market
is classified into detection techniques and separation techniques. Gas
chromatography, high-performance liquid chromatography (HPLC), and
capillary electrophoresis are some of the types of separation techniques.
Currently, HPLC dominates the global metabolomics market.
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The rapid growth registered by pharmaceutical and biotechnology
sectors is expected to propel the global metabolomics market in the next
few years. Further, factors such as the rising demand for customized
medicines, growing government funding, improved research and
development technologies, and the growing need for toxicology testing
technologies are expected to benefit the global metabolomics market.
However, the lack of skilled professionals in metabolomics science is
predicted to restrict the growth of the global metabolomics market in the
near future.
By region, the global metabolomics market is divided into North
America, Asia Pacific, Europe, the Middle East and Africa, and Latin
America. Thermo Fisher Scientific, Inc. (U.S.), Biocrates Life Sciences
AG (Austria), Waters Corporation (U.S.), LECO Corporation (U.S.),
Bio-Rad Laboratories, Inc.(U.S.), Agilent Technologies, Inc.(U.S.),
Shimadzu Corporation (Japan), Human Metabolome Technologies, Inc.
(Japan), Metabolon, Inc. (U.S.), and Bruker Corporation (U.S.) are some
of the key companies operating in the global metabolomics market.
Metabolomics is used to bridge the gap between phenotype and
genotype by offering a complete view of functioning of cells. In life
3. science, metabolomics is used as an important tool as it is a relatively
precise and faster technique than many others. Metabolomics as a tool in
life science can be applied with a particular focus to gain new
information about biological systems.
In today’s era of scientific advances, technological developments, and
new research methodologies, customized health care provides valuable
information to identify and detect the start of various diseases at their
early stages. This prevents the development of diseases, thereby
increasing the effectiveness of health care systems by enhancing
availability, quality, and affordability. The high occurrence of chronic
degenerative diseases such as cancer and cardiovascular diseases,
especially in developed nations, is expected to propel the global
metabolomics market in the near future.
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