The market for Metabolomics is expected to reach $3.53 billion by the end of 2021 growing at a CAGR of around 26% from 2016 to 2021. Metabolomics is the identification and quantification of the complete set of metabolites in a biological system. The steps involved in metabolomics analysis are profiling, identification, quantification and interpretation. Profiling is finding all the metabolites detectable to a selected analytical technique with the significant variations in abundance with a set of experimental and control groups. This is followed by identification, quantification and validation. The final step is interpretation which includes making connections between the metabolites discovered and the biological conditions.
U.S. is considered to be the largest market for metabolomics because of good infrastructure facilities and increase in the research in the field of environmental analysis and biofuel development. The Global Metabolomics Market is segmented on the basis of Technique (Separation Techniques and Detection Techniques), Applications (Agriculture & Environmental Industries, Biomarker discovery, Personalized medicine and Toxicology Testing) and Region (North America, Europe, Asia Pacific and Rest of the World).
Huge investments by government & private players in the field of research and development, rising demand for personalized medicine and introduction of computer based metabolomics are some of the factors contributing to the market growth.
Lack of awareness of metabolomics and lack of skilled personnel to carry out the procedure are hindering the growth of the market.
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