According to the new market research report "Glycomics/Glycobiology Market by Product (Enzymes (Glycosidases, Transferases), Instruments (Mass Spectrometry, Chromatography, Arrays), Kits, Carbohydrates, Reagents), Application (Drug Discovery, Diagnostics), End User - Global Forecast to 2027", The glycomics/glycobiology market is projected to reach USD 3.7 Billion by 2027 from USD 1.8 Billion in 2022, at a CAGR of 15.5% during the forecast period.
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376 - Tables
41 - Figures
319 - Pages
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Key Players:
Key players in the glycomics/glycobiology market are Thermo Fisher Scientific (US), New England Biolabs (US), Merck KGaA (Germany), Promega Corporation (US), Waters Corporation (US), Takara Bio Inc, (Japan), Bio-Techne (US), Agilent Technologies (US), Sumitomo Bakelite Co. Ltd. (Japan), Bruker Corporation (US), Shimadzu Corporation (Japan), Danaher Corporation (US), AMS Bio (UK), Ludger Ltd (UK), Z Biotech, LLC (US), Chemily Glycoscience (US), CD BioGlyco (US), GlycoDiag (France), Kode Biotech Limited (New Zealand), Glyxera GmBH (Germany), Lectenz Bio (US), Glycomix Ltd (UK), IEC Group (Italy), Asparia Glycomics (Spain) and Ray Biotech Life Inc. (US).
Global Glycomics/ Glycobiology Market Size, Share, Trends and Dynamics
Drivers: Emergence of glycans as biomarkers
Glycans play a vital role in biology; alterations in glycans can lead to dangerous consequences, such as congenital disorders, heart diseases, growth defects, and epilepsy. Research has shown that mutation in glycosyltransferases or related enzymes modifies/alters the glycome and can cause over 100 types of human congenital disorders of glycosylation.
Restraints: Extravagant cost of glycobiology products and tools
The high cost of glycobiology products and instruments like reagents, carbohydrates, mass spectrometers, glycan analysis kits, and enzymes pose an obstacle to their adoption. Developing glycobiology tools requires significant investment; stringent rules and regulations make them even more expensive.
Opportunities: Glycomics applications in precision medicine
Precision medicine has grown rapidly in the last few years. Many pharma and biotech companies are investing heavily to develop targeted drugs that can be used for a specific group of patients. Sugars present on the surface of the cells and complex biomolecules are involved in various processes, including cell recognition and communication. These are crucial processes in inflammation, autoimmune disease, and viral & bacterial infections.
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Challenges: Lack of skilled workforce
One of the biggest challenges is the lack of skilled workforce engaged in glycobiology research and conduct the process. This is very time consuming, cost ineffective and risky process. Even the staff who handles the glycobiology products are present in scarce. This factor is a biggest obstacle in the market.
North America is the fastest-growing region of the glycomics/glycobiology market.
North America is estimated to be the fastest-growing segment of the market. The growth of the glycomics/glycobiology market in this region is driven by the presence of prominent market players offering glycomics products, increasing focus on glycomics research and its application in drug development and availability of research infrastructure in the US.
Recent Developments
· Bruker Corporation (US) acquired the IonSense (US) for expansion of the use of DART Mass spectrometers.
· GlycoNet (Canada) and BridgeBio Pharma Inc, (US) entered into partnership for developing medicines for treating genetic diseases through glycobiology research.
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