February 26, 2019
WELLESLEY, Mass., Feb. 26, 2019–Rapid growth in the metabolomics global market is expected through 2023, according to the BCC Research report “Metabolomics: Technologies and Global Markets.” Changes in technical fields such as bioinformatic solutions, mass spectrometry, chromatography and multi-omics are driving new products and applications in metabolomics, paving the way for unique market opportunities.
The major drivers of market growth are increasing investment in metabolomic research through public and private funding, increasing applications of metabolomics in personalized medicine, increasing R&D funding for pharmaceutical and biotech companies and increasing technological advancements in this market arena.
The market is expected to grow at a compound annual growth rate (CAGR) of 11.9%, reaching around $17.1 billion by 2023.
Major market players include Agilent Technologies Inc., Bio-Rad Laboratories, Bruker Corp., Danaher Corp., Human Metabolome Technologies Inc., LECO Corp., Metabolon Inc., Shimadzu Corp., Thermo Fisher Scientific Inc. and Waters Corp., among others.
“Metabolomics is a relatively new field compared to genomics and proteomics, which are more mature, but it promises much-needed breakthroughs by virtue of being more descriptive of the actual phenotype or working conditions of the human body,” the report notes. “Genomics describes the body’s code, and proteomics describes the application of that code into the proteins that do the work.”
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Metabolomics: Technologies and Global Markets( BIO055C )
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