Glycomics Market (WITH IMPACT OF COVID-19) | Product (Immunoassay Analyzer, Chromatography, Breathalyzer)

Glycobiology Market

Pune, India, 2020-Aug-03 — /EPR Network/ —

The growth of this market is majorly driven by the increasing research activities on glycomics, rising R&D investments in pharmaceutical and biotechnology companies, growth in the proteomics market.

What the Glycomics / Glycobiology Market Looks Like?

MarketsandMarkets forecasts the global glycomics market is estimated to grow from USD 1.0 billion in 2020 to USD 2.0 billion by 2025, at a CAGR of 13.8%. North America is the largest regional market for glycomics

On the other hand, emerging countries such as India and China providing lucrative opportunities for players operating in this segment. However, the high cost of tools is expected to hamper the market growth to a certain extent during the forecast period.

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What Drives the Glycomics / Glycobiology Market?

The growth of the global market for Glycomics / Glycobiology Market is primarily influenced by the following factors:

  • Increasing R&D Expenditure and Funding for Proteomics and Glycomics Research
  • Growth of the Proteomics Market
  • Technological Advancements in Glycomics Instrumentation

Based on application, the glycomics market is segmented into drug discovery & development, disease diagnostics, and other applications. Drug discovery & development is the largest and the fastest-growing application segment in the market, majorly due to the increasing R&D investments in pharmaceutical and biotechnology companies and the growing number of drug discovery research activities in academic research institutes.

The market is categorized into five product segments, namely, enzymes, instruments, kits, carbohydrates, and reagents & chemicals. The enzymes segment is expected to dominate the market in 2020 and is projected to grow at the highest CAGR during the forecast period. The large share and high growth of this segment can be attributed to the consumable nature of enzymes and their wide applications in a variety of R&D and drug discovery procedures.

Recent Developments : 

  • In June 2019, Agilent Technologies (US) has launched InfinityLab LC/MSD iQ System
  • In June 2018, Thermo Fisher Scientific (US) had launched UHMR Hybrid Quadrupole-Orbitrap Mass Spectrometer.

Geographical growth scenario of Glycomics Market:

The global glycomics market is segmented into North America (US and Canada), Europe (Germany, the UK, France, Italy, Spain, and the Rest of Europe), Asia Pacific (Japan, China, India, Australia, and the Rest of Asia Pacific), and the Rest of the World (Latin America and the Middle East and Africa). In 2020, North America is expected to dominate the global market, followed by Europe. The largest share of North America is mainly attributed to increasing investments in glycomics.

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Leading market players and strategies adopted

  • The prominent players operating in the glycomics market include Merck KGaA (Germany), Agilent Technologies (US), Thermo Fisher Scientific (US), New England Biolabs (US), Shimadzu Corporation (Japan), Takara Bio (Japan), S-BIO (subsidiary of Sumitomo Bakelite Co. Ltd., Japan), Waters Corporation (US), Asparia Glycomics S.L. (Spain), Bio-Techne (US), Bruker Corporation (US), Danaher Corporation (US), RayBiotech (US), Z Biotech (US), Chemily Glycoscience (US), Dextra Laboratories (UK), Lectenz Bio (US), and Ludger Ltd. (UK).
  • Merck was the leading player in the market in 2018. Strong business operations across all key regions, coupled with a strong brand image, have made Merck a leading player in this market. Over the last few years, the company has been focusing on R&D activities and invested approximately 2.5–4.0% of its life science revenue on R&D activities.

Critical questions the report answers:

  • Where will all these developments take the industry in the mid-to-long term?
  • What are the recent trends affecting the glycomics market?
  • Who are the key players in the market, and how intense is the competition?
  • What are the key applications of glycomics?
  • Which region is lucrative for the market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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