DUBLIN–(BUSINESS WIRE)–The “Global Glycomics/Glycobiology Market by Product (Enzymes (Glycosidases, Transferases), Instruments (Mass Spectrometry, Chromatography, Arrays), Kits, Carbohydrates, Reagents), Application (Drug Discovery, Diagnostics), End-user, and Region – Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.
The global glycomics/glycobiology market is projected to reach USD 3.7 billion by 2027 from USD 1.8 billion in 2022, at a CAGR of 15.5% during the forecast period. The growth of the market is projected to be driven by factors such as increasing number of collaboration and partnership by prominent players in the market for improved glycan analysis, emerging use of glycans as biomarker, and technological advancement.
The enzyme segment grabbed the highest share of the glycomics/glycobiology market in 2022
Based on product, the glycomics/glycobiology market is segmented into enzymes, kits, instruments, carbohydrates and reagents & chemicals. In 2022, the highest share of the market is held by enzyme segment. This is owing to the consumable nature of enzymes and wide application in R&D activities.
The drug discovery & development segment accounts for the largest share of the application segment in glycomics/glycobiology market
In 2021, the drug discovery & development segment accounted for the largest share of the market. The largest share of this segment is due to the increasing application of glycomics in drug discovery and development and rising R&D investment by pharmaceutical & biotechnology.
North America: Accounted for the largest share in the glycomics/glycobiology market
The North America is estimated to be the fastest-growing segment of the market, owing to the increasing presence of pharmaceutical and biotechnology companies, improved healthcare infrastructure and more increasing investments by companies in glycobiology research. In this region, US reports the fastest growth of the glycomics/glycobiology market.
Market Dynamics
Drivers
Emergence of Glycans as Biomarkers
Technological Advancements in Glycan Analysis
Increasing R&D Expenditure and Funding
Collaborations and Partnerships
Increasing Number of Cancer Cases Worldwide
Restraints
High Cost of Glycobiology Products and Tools
Opportunities
Glycomics Applications in Precision Medicine
Challenges
Lack of Skilled Workforce
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Glycomics/Glycobiology Market, by Product
7 Glycomics/Glycobiology Market, by Application
8 Glycomics/Glycobiology Market, by End-user
9 Glycomics/Glycobiology Market, by Region
10 Competitive Landscape
11 Company Profiles
12 Appendix
Companies Mentioned
Agilent Technologies
AMSBIO
Asparia Glycomics
Bio-Techne
Bruker Corporation
CD BioGlyco
Chemily Glycoscience
Danaher Corporation
GlycoDiag
Glycomix
Glyxera GmbH
IEC S.p.A.
Kode Biotech Limited
Lectenz Bio
Ludger
Merck KGaA
New England Biolabs
Promega Corporation
Raybiotech Life
Shimadzu Corporation
Sumitomo Bakelite
Takara Bio
Thermo Fisher Scientific
Waters Corporation
Z Biotech, LLC
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