Global Glycomics Market Report 2022: Rising Glycomics Research and Expanding R&D Investments in Driving Sector – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The report “Glycomics Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product; Application; End User and Geography” has been added to from ResearchAndMarkets.com offer.
The Glycomics Market is expected to grow from US$1,340.80 Million in 2021 to US$3,223.30 Million by 2028; it is estimated to grow at a CAGR of 13.4% from 2022 to 2028.
The report highlights the prevailing market trends and factors driving the glycomics market. The glycomics market is driven by increased glycomics research, increased R&D investments, and the use of glycomics to treat various diseases, leading to the development of new treatment methods.
Additionally, new research tools for glycomics are expected to emerge as an important future trend in the market over the forecast period. However, high equipment costs and shortage of skilled professionals are hampering the overall market growth.
As scientists focused their efforts in the area of glycomics, they began to learn important details about the functions of glycans and glycosylation in the body, including cellular communication and what these factors might reveal about the body. disease development and diagnosis.
The largest and fastest growing application category is drug discovery and development, primarily due to increased R&D by pharmaceutical and biotechnology companies and expansion of drug discovery research in academic research institutes.
For example, in April 2020, to commercialize a cutting-edge cancer detection tool, researchers from the Institute for Glycomics and the University of Adelaide signed an exclusive license agreement with Sienna Cancer Diagnostics Ltd. These researchers created a special protein called SubB2M, which attaches exclusively to a sugar molecule, which is found only in cancer cells. This protein could revolutionize cancer detection. Additionally, in January 2022, the National Health and Medical Research Council (NHMRC) awarded Institute of Glycomics researchers grants totaling more than US$1,100,000 million to help them create new medicines to treat multidrug-resistant gonorrhea infections.
Thus, these advances show that glycomics has the potential to provide rapid and accurate diagnostic methods that transcend various clinical indications and complex conditions. Hence, the use in the development of drugs for diseases across the globe is a key factor driving the glycomics market. These advances show that glycomics has the potential to provide rapid and accurate diagnostic methods that transcend diverse clinical indications and complex conditions. Hence, the use in the development of drugs for diseases across the globe is acting as a key factor driving the glycomics market.
Based on product, the glycomics market is segmented into enzymes, instruments, kits, and reagents. The enzymes segment would hold the largest market share in 2021, and the same segment is expected to register the highest CAGR in the market during the forecast period.
On the basis of application, the glycomics market is segmented into drug discovery and development, diagnostics, immunology, cancer, and others. The drug discovery and development segment held the largest market share. However, the diagnostics segment is expected to grow at the highest CAGR during the forecast period.
Based on end-user, the market is segmented into pharmaceutical and biotechnology companies, academic and research institutes, and contract research organizations. The pharmaceutical and biotechnology companies segment held the largest market share, and the same segment is expected to grow at the highest CAGR during the forecast period.
Increase in glycomics research and expansion of R&D investments
Growing use of glycomics in various diseases leading to the development of new treatment methods
High cost of equipment and shortage of skilled professionals
Wide Applications of Glycomics
New Glycomics Research Tools
Main topics covered:
2. Glycomics Market – Key Takeaways
3. Research methodology
4. Global Glycomics Market – Market Landscape
5. Glycomics Market – Key Market Dynamics
6. Glycomics Market – Global Analysis
7. Glycomics Market Analysis and Forecast to 2028 – By Product
8. Glycomics Market Analysis and Forecast to 2028 – By Application
9. Global Glycomics Market Analysis – By End User
10. Glycomics Market Revenue and Forecast to 2028 – Geographical Analysis
12. Glycomics Market Industry Landscape
13. Business Profiles
Agilent Technologies, Inc.
New England Biolabs
Thermo Fisher Scientific Inc.
Takara Bio Inc.
For more information about this report visit https://www.researchandmarkets.com/r/vc0n0c