Metabolomics is the quantification and identification of the complete set of metabolites in a biological system. Simply a study of chemical processes involving metabolites is considered as metabolomics. The field of metabolomics study the chemical fingerprints left behind by biological processes. Some healthcare applications of metabolomics include lead compound optimisation, lead compound discovery, efficacy and metabolism of a drug, biomarker identification and providing clarity on the mechanism of action.
Metabolomics Market Segments Size & Growth:
Metabolomics Market is expected to increase by a $ 3.54billion by 2024 at a CAGR of 26 %. The emergence of biomarkers as a drug discovery tool and ground-breaking diagnostic will fuel the growth of metabolomics market. However, increasing the adoption rate of metabolomics as a development tool and research are expected to drive the market. The poor uptake rate of data processing, advanced technologies, and analysis by conventional workers and the lack of skilled professionals may reduce this market from growing over the 2018-20124.
Metabolomics Market Segments Share:
Metabolomics market is segmented into the technique which includes
Based on geography, North America holds the largest share in the metabolomics because of good infrastructure facilities and increase in research in the field of biofuel development and environmental analysis. Increasing demand for the improved pharmaceutical products generated by from emerging economies such as China and India is one of the most significant growth contributors of metabolomics market. Funding for research and surge in government initiatives the enhanced research and development activities across many pharmaceutical and biotechnology sectors and rising need for toxicology technologies are key drives growing the metabolomics market in Europe.
Metabolomics Market Trends:
Metabolomics Market Research Report:
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