Glycomics market is expected to grow from USD 1.06 billion in 2019 to USD 2.40 billion by 2026 at a CAGR of 14.62% from 2020 to 2026.
Glycomics is the complete study of glycoses, which incorporates pathologic, genetic, physiologic, and other aspects. Numerous techniques like mass spectrometry, high-performance liquid chromatography (HPLC), and matrix-assisted laser desorption ionization-time of flight mass spectrometry (MALDI-TOF) are employed by professionals for glycomics application. The development of this market is majorly driven by the increasing research activities on glycomics, rising R&D investments in pharmaceutical and biotechnology companies, growth within the proteomics market. The major factors that drive the market growth are the rise in demand for personalized medicine and commercialization of pharmaceutical & biotechnology research. Nevertheless, the lack of awareness among professionals about the importance of glycomics may impede the market growth. Additionally, the rise in aid from public and personal organizations, government bodies, and therefore the International Bank for Reconstruction and Development for glycomics and proteomics research is anticipated to present numerous opportunities for key players.
The global market report provides geographical analysis covering regions, such as Europe, North America, Asia Pacific, and the Rest of The World. The market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
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The global Glycomics market has been segmented as below:
By Product
Enzymes
Other Enzymes
Instruments
Kits
Carbohydrates
Reagents & Chemicals
By Application
Drug Discovery & Development
Disease Diagnostics
Other Applications
By End-User
Academic Research Institutes
Pharmaceutical and Biotechnology Companies
Clinical Laboratories
By Region
Europe
North America
Asia Pacific
Rest of The World
Competitive Rivalry
Merck KGaA, Thermo Fisher Scientific, Takara Bio, Inc., New England Biolabs, S-Bio (Subsidiary of Sumitomo Bakelite Co., Ltd.), Aspatria Glycomics S.L., Agilent Technologies, Bio-Techne, Shimadzu Corporation, Bruker Corporation, and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
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