Metabolomics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast Upto 2024 According to a new market report published by Transparency Market Research “Metabolomics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2024�, the metabolomics market is anticipated to expand at a CAGR of 17.1% from 2016 to 2024 to reach USD 2,494.8 million by 2024. Metabolomics help in the identification and quantification of cellular metabolites by using refined analytical technologies coupled with multivariant and statistics methods. Metabolomics are used for data mining and for providing functional information of the physiological nature of an organism.
Over the past few years, many analytical technologies have been introduced and employed to study metabolites in various organisms, fluids, and tissues. Thanks to the increasing application of metabolomics such as the identification of gene function, monitoring responses to abiotic and biotic stress, and phenotyping of genetically modified plants, the demand for metabolomics is expected to increase in the years to come. The global metabolomics market is expected to expand at a 17.10% CAGR during the period from 2016 to 2024 to reach US$2.50 bn by 2024. Factors such as the increasing application of metabolomics, the increasing use of metabolomics as a tool in life science, and the