The thriving healthcare industry is one of the key factors driving the market growth. In line with this, metabolomics is extensively employed in the healthcare industry for the discovery and optimization of a lead compound and identification of biomarkers, which is contributing to the market growth significantly. Apart from this, the increasing demand for personalized medicines and technological advancements in analytical techniques is further bolstering the market growth. Other factors, such as the growing geriatric population and rising investments by governments of several countries on healthcare infrastructure, are expected to drive the market in the upcoming years.
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Insights on Market Segmentation:
Market Breakup by Product:
- Metabolomics Instruments
- Metabolomics Bioinformatics Tools and Services
Market Breakup by Indication:
- Cancer
- Cardiovascular Disorders
- Neurological Disorders
- Inborn Errors of Metabolism
- Others
Market Breakup by Application:
- Biomarker and Drug Discovery
- Toxicology
- Nutrigenomics
- Personalized Medicine
- Others
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Market Breakup by Region:
- North America
- Asia Pacific
- Europe
- United Kingdom
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Agilent Technologies Inc., Biocrates Life Sciences AG, Bio-Rad Laboratories Inc., Bruker Corporation, Danaher Corporation, Human Metabolome Technologies Inc., Metabolon Inc., Shimadzu Corporation, Thermo Fisher Scientific Inc., Waters Corporation, etc.
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