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Major Players in the Metabolomics Market Consider New Product Launch, Agreements, Partnerships, and Collaborations as the Key Strategies to Expand Their Share in the Market
The metabolomics market is consolidated at the top, wherein the top 10 players accounted for nearly 75% of the market share in 2013. Majority of the leading players in the market are based in developed countries across North America and Europe.
In this market, Thermo Fisher Scientific, Inc. (U.S.) and Danaher Corporation (U.S.) were the leading players with market shares of 25% and 23%, respectively, in 2013. Thermo Fisher Scientific has a diversified product portfolio, which includes a wide range of analytical products including liquid chromatography, gas chromatography systems. The company’s leading position in the market in 2013 is attributed to its strong network, with a geographic presence in over 150 countries. Furthermore, the company focuses on various development strategies such as new product launches, acquisitions, and expansions.
The key strategies adopted by players in the global metabolomics market are new product launches, mergers and acquisitions, agreements and collaborations, and expansions. Apart from Thermo Fisher Scientific, Inc. (U.S.) and Danaher Corporation (U.S.), some other leading players in this market are Waters Corporation (U.S.), Agilent Technologies (U.S.), Metabolon, Inc. (U.S.), Shimadzu Corporation (Japan), Bruker Corporation (U.S.), and Biocrates Life Sciences AG. (Austria).
In order to maintain their leadership position, many players in this market used the strategies of agreements, partnerships, and collaborations. Some of the major players aim to either expand their product portfolio or increase their geographic presence. While organic expansion has been followed by some companies, majority of the top players have adopted mergers and acquisitions as their key growth strategy.
Metabolomics Market by Technique (Gas Chromatography, High Performance Liquid Chromatography, Nuclear Magnetic Resonance Spectroscopy, Mass Spectrometry), Application (Biomarker & Drug Discovery, Nutrigenomics) & by Indication (Oncology, Cardiology) - Global Forecast to 2019
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