Dublin, Nov. 12, 2020 (GLOBE NEWSWIRE) -- The "Glycomics Market by Product, by Application, by End-User, Geography Forecast Up to 2026" report has been added to ResearchAndMarkets.com's offering.
Market is Expected to Reach $2.43 Billion by 2026 from $1.08 Billion in 2020
Globally, the Glycomics market is growing at a CAGR of ~14.49% during the forecast period of 2020 -2026. The major factors driving the glycomics market are advancements in technology used in glycomics instrumentation, increasing demand for the proteomics market, and funding for the proteomics and glycomics research support in the market growth. Somehow, the expensive tools used in the analyses is a restraint to some extent in the glycomics market growth.
Glycomics is the comprehensive study of the structure of the glycomes, including genetic, physiologic, pathologic, and other aspects of the given cell or organism. Glycomics study is majorly used in various applications such as drug discovery, oncology, immunology, and others.
Glycomics market is expanding globally, and the factors driving this market are increased research activities on glycomics research, pharmaceutical and biotechnology companies have been investing in research and development, and the development in the proteomics market. In addition, developing countries such as India and China are providing productive opportunities for vendors in this market. However, expensive tools are expected to hinder the glycomics market in the forecast period.
The Glycomics market based on the product is divided into enzymes, instruments, kits, carbohydrates, and reagents & chemicals. The enzyme segment has acquired the largest share in the glycomics market growth because the enzymes can be consumed, and the enzymes are largely used in the research and development and drug discovery processes.
In the application segment, the drug discovery and development is accounted to have the largest share in the glycomics market due to the increasing investments in research and development in the companies such as pharmaceutical and biotechnology along with increasing academic research institutes research activities in drug discovery.
Further, based on end-users, the market has been segmented into academic research institutes, pharmaceutical & biotechnology companies, and clinical laboratories. Academic and research institutes have acquired the largest share in the market due to the increased research and development activities in the drug discovery in academic research institutes.
North America has been the major contributor in the glycomics market due to the increased funding and advanced technology used in the glycomics research and improvised R&D in pharmaceutical companies for drug discovery. Europe is also expected to take the second-largest share in the market growth.
Globally, developing countries are providing opportunities for the market players; in addition, the rise in the biomarker discoveries and the emerging countries provide the opportunity to the glycomics market growth.
Key Topics Covered:
Porter Five Forces
Market Trends and Impact
Advantages/Disadvantages of Market
DRO - Impact Analysis
Product: Market Size & Analysis
Glycosidases & Neuramidases
Glycosyltransferases & Sialytransferases
Mass Spectrometry Instruments
Other Instruments (electrophoresis instruments, NMR instruments, and HPLC columns)
Glycan Releasing Kits
Glycan Labelling Kits
Glycan Purification Kits
Reagents & Chemicals
Application: Market Size & Analysis
Drug Discovery & Development
End User: Market Size & Analysis
Academic Research Institutes
Pharmaceutical and Biotechnology Companies
Geography: Market Size & Analysis
Rest of the World
Competitor Comparison Analysis
Mergers and Acquisitions, Legal, Awards, Partnerships
Product Launches and execution
Thermo Fisher Scientific, Inc.
New England Biolabs
Takara Bio, Inc.
Companies to Watch
Z Biotech, Llc.
Dextra Laboratories Ltd.
Valiant Co., Ltd.
Sanyo Fine Co., Ltd.
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