Healthcare Global Metabolomics Market | Page 2

The global metabolomics market is segmented into technique such as separation
technique and detection technique. Among these segments, separation technique
segment is expected to occupy the top position in global metabolomics market.
Further, separation technique is further sub segmented into liquid
chromatography, gas chromatography and capillary chromatography. However,
detection technique program segment is expected to grow at a higher CAGR as
compared to vessel based platform market. Recent technological advances related
to mass spectroscopy are expected to strengthen the growth of the detection
metabolomics market.
Global metabolomics market is expected to flourish at a significant CAGR of
15.6% over the forecast period. Moreover, the global metabolomics market is
expected to garner USD 2.9 Million by the end of 2024. Factors such as rising
demand for precise diagnosis of disease and personalized medicine, increasing
research and development activities and massive funding by the government
organizations are expected to intensify the growth of the global metabolomics
market.
North America captured the highest percentage of market share in overall
metabolomics market in 2016. Further, North America is expected to continue its
dominance over the forecast period. This can be attributed to the presence of
large number of metabolomics manufacturer in the region. Moreover, high
disposable income and rising demand for personalized medicine is expected to
fuel the growth of the market in North America region. U.S. is the major
contributor to the growth of global metabolomics market. Asia Pacific is also
expected to witness the augmented demand for metabolomics during the forecast
period. Improving healthcare infrastructure and expansion of biotechnology
industries in the region is expected to strengthen the growth of the metabolomics
market during the forecast period.
Funding By the Government Organizations
Growth in the spending by the government agencies is boosting the growth of the
metabolomics market. For instance, U.S. National Health Institute is funding
second stage metabolomics program from 2018-2021. Apart from this, increasing
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