The “Metabolomics Market by Technique (Gas Chromatography, High Performance Liquid Chromatography, Nuclear Magnetic Resonance Spectroscopy, Mass Spectrometry, by Application (Biomarker & Drug Discovery, Nutrigenomics), by Indication (Oncology, Cardiology) - Global Forecast to 2019” analyzes and studies the major market drivers, restraints, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the World.
The global metabolomics market was valued at $565 million in 2014 and is expected to grow at a high CAGR during the forecast period of 2014 to 2019. This market is mainly driven by the increase in government and private funding for metabolomics research and the growing demand for personalized medicine. Moreover, growth in the pharmaceutical and biotechnology industries is also expected to contribute to the growth of the market. However, the market growth will be restrained to an extent due to several factors such as low adoption rate of metabolomics, data complexity, and lack of skilled professionals.
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The global market is segmented based on techniques, applications, indications, and geography. Based on techniques, the market is classified into Gas Chromatography, High Performance Liquid Chromatography (HPLC), Ultra Performance Liquid Chromatography (UPLC), Nuclear Magnetic Resonance Spectroscopy (NMR), Mass Spectrometry (MS), and Surface-based Mass Analysis. The metabolomics application market covers biomarker discovery, drug discovery/drug assessment, toxicology testing, nutrigenomics, and others. Furthermore, based on indications, the metabolomics market is classified into oncology, neurology, cardiology, and others. The market is further divided into four major geographies, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW). These regions are further analyzed at the country level. The research report discusses about the key market drivers, restraints, and opportunities of the global market and its submarkets.
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In 2013, the high performance liquid chromatography (HPLC) segment commanded the largest share of the global metabolomics market. The large share of the HPLC segment can be attributed to its wide application in biomarker discovery. The HPLC segment will continue to dominate this market by 2019, growing at a moderate CAGR during the forecast period. Furthermore, the rising demand for personalized medicine and increased necessity for toxicology testing are also expected to drive the growth of the market.
North America accounts for the largest share to the global market, followed by Europe, Asia-Pacific, and RoW. The European region is expected to grow at the highest CAGR during the forecast period, largely driven by the increasing research funding form governments and private investors and growing demand for personalized medicine.
The major players in the market include Thermo Fisher Scientific, Inc. (U.S.), Danaher Corporation (U.S.), Waters Corporation (U.S.), Agilent Technologies (U.S.), Metabolon, Inc. (U.S.), Shimadzu Corporation (Japan), Bruker Corporation (U.S.), and Biocrates Life Sciences AG. (Austria).
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