Accelerating Glycomics Market During COVID-19 Outbreak
The increasing number of patients suffering from chronic diseases is anticipated to revive the growth of the global glycomics market. The market is expected to witness abundance of growth opportunities in the upcoming years. The increasing presence of pharmaceutical companies and research institutes to boost the drug discovery and development sector is driving the global glycomics market. Advancements in this field have played a major role in drug investigation during coronavirus pandemic. Technological advancements on biotechnology, investments on R&D activities to study gycans or polysaccharides, and increasing applications in disease diagnostics are creating revenue opportunities amid pandemic in the global market.
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Surging Demand for Pharmaceutical Drugs and Treatments Globally
The global glycomics market is projected to cross US$ 3.1 Bn by 2031. The increasing demand for treatments for various chronic diseases is fueling the growth of the global glycomics market. Pharmaceutical companies are paving their ways in the global market to support R&D activities in glycans to generate more revenue opportunities. Increasing government expenditure on healthcare as well as in research & development activities in bioinformatics strengthen the scope and expansion of the market. Since cancer is one of the leading causes of death, there is an increasing focus of market contributors to support drug discovery and development activities in the field of oncology to create profitable opportunities.
Government Initiatives to Support and Invest in R&D Activities
Glycomics is the study of structure, biology, and function of saccharides or glycans, which can be found in all living organisms. The application of glycobiology in drug discovery & development, disease diagnostics, oncology, immunology, etc. has created tremendous growth opportunities for the players operating in the global market. The global glycomics market is expected to expand at a CAGR of 11.2% during the forecast period of 2021-2031. Pharmaceutical companies are increasing their output capacities to support the global glycomics market. Governments are taking steps ahead to support manufacturers in the pharmaceutical companies, and investing in R&D activities. The increasing healthcare expenditure by governments of developing countries to support research activities in the global market help fuel market growth.
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Expansion of Academic & Research Institutes to Support Market Growth
Growth and advancement academic & research institutes to study glycomics, which has many applications in rapid development of drugs, vaccine development, and precision medicines, are factors expected to drive the global market during the forecast period. Increasing collaborations between research institutions and key market contributors to support research activities in biomedical and biochemistry are responsible for generating revenue streams. Expanding contact research organizations in pharmaceuticals to outsource R&D activities to stay ahead of the competition help grow manufactures operating in the global glycomics market. Increasing collaborate activities of market players and research institutes to study proteomics and glycomics to discover solutions on genetic diseases drives the global glycomics market.
Glycomics Market: Overview
- This report analyzes the current scenario and future prospects of the global glycomics market. Growth of the global glycomics market is driven by increase in research activities on glycomics and rise in R&D investments in pharmaceutical and biotechnology companies.
- The report provides an elaborate executive summary, including a snapshot of various segments of the global glycomics market. It also provides elaborate information and data analysis of the global glycomics market with regard to segments based on product type, application, end-user, and region.
- The overview section of the report provides a detailed qualitative analysis of the drivers and restraints, and opportunities that affect the global glycomics market
- Additionally, the report includes company profiles, which provide information about their business, product portfolios, and competition landscape in the glycomics market
- The report on the global glycomics market offers market attractiveness analysis of the regions and segments
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- The last section of the report comprises quantitative and qualitative analysis on market share/position of key players operating in the global glycomics market. It analyzes the key competitive strategies adopted by the major industry players, thereby presenting a thorough understanding of the competitive scenario in the global glycomics market.
Glycomics Market: Key Segments
- In terms of product type, the global glycomics market has been classified into enzymes, instruments, kits, and reagents. The enzymes segment accounted for major share of the global glycomics market in 2020, and the trend is anticipated to continue during the forecast period.
- Based on application, the global glycomics market has been categorized into diagnostics, drug discovery & development, oncology immunology, and others
- In terms of end-user, the global glycomics market has been divided into academic research institutes, pharmaceutical & biotechnology companies, and contract research organizations
- The market value and forecast for each of these segments have been provided from 2017 to 2031. The CAGR of respective segments has also been provided from 2021 to 2031, considering 2017 to 2019 as the historical years and 2020 as the base year.
Glycomics Market: Regional Outlook
- The global glycomics market has been segmented into North America (U.S. and Canada), Europe (U.K., Germany, Spain, Italy, France, and Rest of Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa). Each region considered in the market has been divided into countries/sub-regions.
- The glycomics market report provides value and forecast for each region and country/sub-region from 2017 to 2031. The compound annual growth rates (CAGRs) for each of these regions and countries have also been provided for the forecast period from 2021 to 2031. The glycomics market study also covers the competitive scenario in these regions.
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Companies Mentioned in Report
- Key players in the global glycomics market have been profiled based on attributes such as company overview, product portfolio, financial overview, recent developments, and competitive business strategies
- Major companies profiled in the global glycomics market report are
- Agilent Technologies, Inc.
- Asparia Glycomics
- Bruker Corporation
- Canadian Glycomics Network (GLYCONET)
- Glyco Expression Technologies, Inc.
- Glycodiag
- Merck KGaA
- New England Biolabs
- RayBiotech, Inc.
- Shimadzu Corporation
- Thermo Fisher Scientific Inc.
- Vector Laboratories
- Glyde Bio, Inc.
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