Business & Finance
Metabolomics Market to Reach USD 2.39bn by 2021 MarketsandMarkets Forecasts
3 March 2017 - - The global metabolomics market is forecast to be worth USD 2.39bn by 2021, according to a new report from Indian market research firm MarketsandMarkets.

This market has witnessed significant growth primarily due to the increasing need for accurate diagnosis of diseases, rising demand for personalized medicine, and emergence of advanced technologies.

However, need for well-qualified researchers, issues related to data examination and processing, and the high cost of tools and instruments are restraining the growth of this market.

In this report, the market is majorly segmented by product and service, application, indication, and region.

Based on product and service, the market is segmented into metabolomics instruments and metabolomics bioinformatics tools and services. The metabolomics instruments segment accounted for largest share of global metabolomics market in 2015.

The metabolomics bioinformatics tools and services segment is expected to grow at the highest CAGR during the forecast period. This is attributed to the smooth technological workflow in metabolomics and rapid, precise, reliable, and transparent data processing benefits gained from it.

On the basis of application, the market is segmented into biomarker discovery, drug discovery, nutrigenomics, toxicology testing, personalized medicine, functional genomics, and others.

In 2015, the biomarker discovery segment accounted for the largest share of the global metabolomics market.

This is mainly attributed to the improvement in both the efficiency and reliability of metabolic profiling of biomarkers and the accurate and clinically useful diagnostic capabilities of metabolic biomarkers for the management of diseases at the metabolic level.

However, the personalised medicine segment is expected to register the highest CAGR during the forecast period due to collaborations between pharmaceutical companies and biotechnology firms for biomarker discovery and validation.

In 2015, North America accounted for the largest share of the metabolomics market, followed by Europe.

Easy accessibility to technologically advanced products and the presence of a large number of leading metabolomics manufacturers in the region are driving market growth in North America.

Similarly, the rising acceptance of personalised medicines, increasing metabolomics research activities, and growing adoption of technologically advanced products are driving the growth of the North American metabolomics market.

The Asia-Pacific region is expected to witness the highest growth in this market majorly due to improving biopharmaceutical research infrastructure, large population, rising healthcare needs, growing per capita income, and growing economies in Japan and India.

In addition, manufacturers are increasingly focusing on strengthening their presence in emerging markets of APAC countries.

The global metabolomics market is highly competitive in nature, with the top five companies accounting for the major market share in 2015.

Some key players in this market are Agilent Technologies, Inc., Thermo Fisher Scientific, Inc., Bruker Corp., Danaher Corp., Shimadzu Corp. (Japan), Metabolon Inc., LECO Corp., Biocrates Life Sciences AG (Austria), Human Metabolome Technologies, Inc. (Japan), and Waters Corp.
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