Global Glycomics Market size was valued at USD 1.8 Billion in 2024 and is expected to reach USD 5.2 Billion by 2033, at a CAGR of 13.6% during the forecast period 2024 – 2033.
Glycomics Market: Overview
Glycomics is the investigation of the structure, function, and biology of carbohydrates (sugars) and glycoconjugates (carbohydrates covalently bound to other molecules such as proteins and lipids) in biological systems. It entails a thorough examination of complex carbohydrate molecules, encompassing their composition, structure, relationships, and functions in diverse biological processes.
One notable trend is the growing incorporation of glycomics into biological research, notably in determining the function of glycans in cancer, infectious illnesses, and autoimmune disorders. This trend is increasing the need for enhanced glycomics technologies and tools for biomarker identification, medication development, and personalized medicine.
Furthermore, there is a rising emphasis on glycoengineering and glycan synthesis approaches to create complex glycans with specialized topologies for medicinal and diagnostic purposes. Furthermore, advances in mass spectrometry, chromatography, and bioinformatics are expanding glycomics research capabilities, allowing for high-throughput analysis and data interpretation.
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Furthermore, cooperation between academic institutions, pharmaceutical businesses, and government agencies stimulates innovation and knowledge sharing, propelling future advances in glycomics. industry. Overall, these trends underscore the increasing importance of glycomics in biomedical research and its potential for addressing unmet medical needs.
By product type, the enzymes segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. The trend in enzymes is towards increased specificity, efficiency, and sustainability. Innovations focus on specialized enzyme solutions for a wide range of applications, such as biocatalysis, food processing, and industrial production, which drives market growth.
By application, the drug discovery & development segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Current developments in drug discovery and development include the emergence of precision medicine, the growing use of artificial intelligence and machine learning, and a focus on biologics and gene therapy.
By end user, the academic & research institutes segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Academic and research institutes are increasingly working across disciplines and institutions, exploiting sophisticated technologies such as AI and machine intelligence, and emphasizing interdisciplinary research to drive creative discoveries.
In North America, there is a noticeable trend of increased glycomics technology acceptance in the pharmaceutical and biotechnology sectors, which is being driven by research advances and expanding applications in drug discovery.
CMI has comprehensively analyzed the Global Glycomics market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict in depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Glycomics industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Glycomics Market:
- Mueller Water Products Inc.
- Viking Johnson
- Thermo Fisher Scientific Inc.
- Agilent Technologies Inc.
- Shimadzu Corporation
- Merck KGaA
- Waters Corporation
- New England Biolabs Inc.
- Bruker Corporation
- Danaher Corporation
- RayBiotech Inc.
- Takara Bio Inc.
- GlycoPro Technologies Pvt. Ltd.
- ProZyme Inc.
- Creative Diagnostics
- Ludger Ltd.
- Z Biotech LLC
- Bio-Techne Corporation
- S-BIO
- Chemily Glycoscience
- R&D Systems Inc.
- Sumitomo Bakelite Co. Ltd.
- Others
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