Global Glycomics Market, Industry, Market Revenue, Market Sales, Market Major Players: Ken Research
According to the report analysis, ‘Glycomics Market: Current Analysis and Forecast (2021-2027)’ states that with speedy technological advancement and growing investment in research & development amongst pharmaceutical & biotechnology entities, the glycomics market is observing an uptick around the globe. For instance, The Pharmaceutical Research and Manufacturers of America (PhRMA) trade group denotes the leading biopharmaceutical research companies around the United States. Furthermore, the increasing focus on Glycomics research due to its broad scope of applications in drug discovery and improvement and several other varied segments is influencing the growth of this market. The glycomics market is increasing exponentially on account of growth in mortality rates and occurrences of cancer and other chronic diseases coupled with the heavy requirement for medicines around the world.
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The growth of this market is majorly propelled by the growing research activities on glycomics, increasing R&D investments in pharmaceutical and biotechnology entities, growth in the proteomics market. On the other hand, underdeveloped countries such as India and China delivering the lucrative opportunities for players functioning in this segment. However, the great cost of tools is expected to limit the market growth to a certain extent throughout the forecast duration.
The growing number of patients suffering from chronic diseases is projected to revive the growth of the worldwide glycomics market. The market is projected to observe the abundance of growth opportunities during the upcoming years. The growing presence of pharmaceutical companies and research institutes to boost the drug discovery and improvement sector is propelling the global glycomics market. Improvements in this field have played a foremost role in drug investigation throughout the coronavirus pandemic. Technological improvements on biotechnology, investments on R&D activities to study gycans or polysaccharides, and growing applications in disease diagnostics are generating the revenue opportunities amid pandemic in the worldwide market.
The field of glycoscience is increasing at a healthy pace due to robust investments in glycomic and proteomic research. Glycans are found in all living organisms, and owing to the increasing number of chronic diseases, speedy pharmaceutical investments in the research and development (R&D) for glycans to treat diseases such as inflammatory and cardiometabolic disorders is booming the growth of the market. Therefore, in the coming future, it is predicted that the market of glycomics will increase more actively over the near future.
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Ankur Gupta, Head Marketing & Communications
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