A comprehensive overview of the glycomics market is recently added by UnivDatos Market Insights to its humongous database. The glycomics market report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the glycomics market. The glycomics market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the glycomics market at the global and regional levels. Glycomics Market was valued at US$ 1 billion in 2020 and is expected to grow at a CAGR of 14% over the forecast period (2021-2027).
The global glycomics market is experiencing significant growth on account of growing applications of Glycomics in varied segments including vaccinology, personalized therapy, biomarker identification, drug discovery & development, etc. Further, the market is also experiencing significant growth on account of the increasing patient pool and higher mortality rate due to cancer worldwide. For instance, in 2020, there were an anticipated 19.3 million new cancer cases (18.1 million excluding NMSC, except basal cell carcinoma) and 10 million cancer mortality cases (9.9 million excluding NMSC, except basal cell carcinoma) worldwide. Owing to these alarming facts, researchers worldwide are focusing on Glycomics research for identifying potential glycan biomarkers which can be used for cancer detection.
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Furthermore, the rising government funding and growing investment in R&D by various pharmaceutical and biotechnology companies across the world is further propelling the growth of this market. For instance, in Australia, the government invested around USD 10.4 billion in scientific research and development activities in 2018, and this figure is expected to grow tremendously in the upcoming years. In addition to this, in the same year, the pharmaceutical industry in America spent more than USD 79.6 billion on research & development.
Additionally, The glycomics market is boosting owing to new product innovations and numerous startups driving its worldwide popularity. For example, Spanish startup Asparia Glycomics provides solutions to quantify glycans. They offer CarboQuant standards, using patented synthetic 13C-labeled N-glycans produced in its lab for absolute glycan quantification by mass spectrometry. The solutions provided by them quantify glycan profiles in biomarker studies and biopharma research.
Global Glycomics Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Product, the market is primarily bifurcated into
Enzymes segment dominated the by product of the global glycomics market and will row at XX% CAGR to reach USD XX million by the year 2027 as enzymes are widely used in cancer research.
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By Application, the market is primarily studied into
In 2020, the drug discovery & development segment dominated the global glycomics market with nearly XX% of the market share and it is anticipated by 2027, the segment will garner USD XX million of the market.
By End-user, the market is primarily segmented into
Amongst end-user types, the academic research institutes segment accounted for the largest share in 2020 and is expected to grow at XX% CAGR during the forecast period 2021-2027. However, the pharmaceutical & biotechnology companies segment is also anticipated to grow at the highest CAGR during the projected timeframe.
Glycomics Market Geographical Segmentation Includes:
Based on the estimation, the North America region dominated the glycomics market with almost USD XX million revenue in 2020. At the same time, the Asia-Pacific region is expected to grow remarkably with a CAGR of XX% over the forecast period owing to the rising demand for Glycomics tools and products in the region.
The major players targeting the market includes
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the glycomics market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
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- The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities.