The Glycomics Market Growth was estimated to be worth USD 1.7 billion in 2022 and is projected to reach USD 5.09 billion by 2030, with a compound annual growth rate (CAGR) of 14.7% during the forecast period from 2023 to 2030.
This thriving market is witnessing significant growth due to the increasing demand for glycomics research and its applications in various industries. Glycomics, the study of carbohydrates and their functions, has gained immense importance in fields such as drug discovery, diagnostics, and personalized medicine.
The rising prevalence of chronic diseases, such as cancer and diabetes, has fueled the need for advanced glycomics technologies and tools. These advancements enable researchers to better understand the role of carbohydrates in disease mechanisms and develop targeted therapies. Additionally, the growing focus on precision medicine and personalized healthcare has further propelled the demand for glycomics research.
Moreover, technological advancements in glycomics research, such as high-throughput glycan analysis and glycan microarray technologies, have revolutionized the field. These cutting-edge tools provide researchers with faster and more accurate analysis, facilitating the discovery of novel biomarkers and therapeutic targets.
Furthermore, the glycomics market is witnessing substantial investments from both public and private sectors, further driving its growth. Government initiatives and funding for glycomics research, coupled with collaborations between academic institutions and industry players, are fostering innovation and accelerating market expansion.
North America currently dominates the glycomics market, owing to the presence of key market players, well-established research infrastructure, and high healthcare expenditure. However, the Asia Pacific region is expected to witness significant growth during the forecast period. Factors such as increasing research activities, rising healthcare investments, and a large patient pool are contributing to the region's growth.
In conclusion, the glycomics market is experiencing robust growth, driven by the increasing demand for glycomics research and its applications in various industries. Technological advancements, government initiatives, and
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Market Segmentation
By Product
- Enzymes
- Glycosidases
- Neuraminidases
- Glycosyltransferases
- Sialyltransferases
- Others
- Kits
- Glycan Labeling Kits
- Glycan Purification Kits
- Glycan Release Kits
- Others
- Reagents
- Glycoproteins
- Monosaccharides
- Oligosaccharides
- Others
- Instruments
- Mass Spectrometers
- HPLC
- MALDI-TOF
- Array Systems
- Others
By Application
- Drug Discovery & Development
- Diagnostics
- Others
By End User
- Academic & Research Institutes
- Pharmaceutical & Biotechnology Companies
- Biopharmaceutical Companies
- CROs
Key Players
The major key players are Thermo Fisher Scientific, Inc., Merck KgaA, Agilent Technologies Inc., Bruker, New England Biolabs, Shimadzu Corporation, Waters Corporation, Takara Bio Inc, Asparia Glycomics, RayBiotech Life, Inc., and Others.
Table of Contents
1.Introduction
2.Research Methodology
3.Market Dynamics
4.Impact Analysis
4.1COVID-19 Impact Analysis
4.2.Impact of Ukraine- Russia war
4.3.Impact of Ongoing Recession on Major Economies
5.Value Chain Analysis
6.Porter’s 5 Forces Model
7.PEST Analysis
8.Glycomics Market Segmentation, By Product
9.Glycomics Market Segmentation, By Application
10.Glycomics Market Segmentation, By End User
11.Company Profile
12.Competitive Landscape
13.Conclusion
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