Press release
Glycomics or Glycobiology Market: Accelerating at a CAGR of 17.2%; Emerging Trends, Market Size, and Key Market Drivers
"Dominating the global scene, the Glycomics or Glycobiology market's rapid progress heralds promising future growth.
What Is The Projected Market Size Of The Global Glycomics or Glycobiology Market And Its Growth Rate?
- The current market value stands at $1.85 billion in 2024, and it is expected to swell to $2.13 billion by 2025, showing a CAGR of 15.2%.
- Increased awareness of glycans role in biological systems, expansion of glycan-related databases and resources, advancements in glycan synthesis and engineering, and partnership research undertakings have spurred growth.
- The market is projected to grow to $4.03 billion by 2029 at a CAGR of 17.2%, driven by glycan-focused AI and data analytics, expansion in glycobiology-based drug development, and glycan-based therapeutics.
What Is Driving The Growth In The Glycomics or Glycobiology Market?
The surge in demand for treatments for several severe chronic diseases like cancer is anticipated to fuel the growth of the glycomics or glyco biology market. Chronic diseases are long-term health challenges that can be managed but not cured. Glycomics studies changes in glycosylation and its functionalities aiding the development of drugs for chronic diseases. For instance, according to Cancer Facts and Figures 2022-2024 by the American Cancer Society, the number of cancer survivors would expand from 22.5 million in 2032 to 26 million by 2040. This increasing demand for chronic disease management propels the Glycomics or Glycobiology market.
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Who Are the Key Players Driving Glycomics or Glycobiology Market Growth?
- Aligent Technologies Inc.
- Bruker Corporation
- Merck Co. & KgaA
- New England Biolabs Inc.
- Danaher Corporation
- Shimadzu Corporation
- ProZyme Inc.
- Takara Bio Inc.
- Asparia Glycomics SL
- Lectenz Bio
- Chemily Glycoscience LLC
- Z Biotech LLC
- RayBiotech Inc.
- Thermo Fisher Scientific Inc.
- Promega Corporation
- Bio-Techne Corp.
- AMS Bio LLC
- Ludger Ltd.
- CD BioGlyco Ltd.
- GlycoDiag SAS
- Kode Biotech Limited
- Glyxera GmBH
- Glycomix Ltd.
- R&D Systems Inc.
What Are The Key Trends In The Glycomics or Glycobiology Market?
- Cross-disciplinary collaborations
- Emerging glycosylation patterns in disease mechanisms
- Innovative precision medicine and personalized therapies
- Advancements in glycoanalytical tools
- Role of glycans in immunotherapy and vaccines.
What Are The Segments Of The Global Glycomics or Glycobiology Market?
- By Product: Enzymes, Kits, Reagents And Chemicals, Instruments, Carbohydrates
- By Application: Drug Discovery And Development, Disease Diagnostics, Other Applications
- By End-User: Academic Research Institutes, Pharmaceutical And Biotechnology Companies, Clinical Laboratories
Which Region Leads The Glycomics or Glycobiology Market?
North America was leading the glycomics or glycobiology market in 2024. However, Asia-Pacific is expected to become the fastest-growing region in the forecast period. The report covers the following regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Glycomics or Glycobiology Market Global Market Report?
- Market Size Analysis: Analyze the Glycomics or Glycobiology Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Glycomics or Glycobiology Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Glycomics or Glycobiology Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Glycomics or Glycobiology Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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