According to the new market research report "Glycobiology / Glycomics Market by Product (Enzymes (Glycosyltransferase, Glycosidase), Instruments (Mass Spectrometry, Chromatography), Carbohydrates, Reagents Chemicals), Application (Disease Diagnostics), End-User (Academic) -Global Forecasts to 2025", published by MarketsandMarkets™, the market is projected to reach USD 2.0 billion by 2025 from USD 1.0 billion in 2020, at a CAGR of 13.8% from 2020 to 2025.
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The growth of this Glycomics Market is majorly driven by the increasing RD expenditure and funding for proteomics and glycomics research, growth of the proteomics market, and technological advancements in glycomics instrumentation are the major factors driving the growth of the market.
The enzymes segment accounted for the largest share of the Glycomics Market, by product
The Glycobiology Market, by enzymes, has been categorized into five product segments, namely, enzymes, instruments, kits, carbohydrates, and reagents chemicals. The enzymes segment is expected to dominate the market and is projected to grow at the highest CAGR during the forecast period.
Glycomics Market for drug discovery development application is expected to grow at a high rate
By application, the 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 Glycobiology Market, majorly due to the increasing RD investments in pharmaceutical and biotechnology companies and the growing number of drug discovery research activities in academic research institutes.
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North America is the largest regional market for glycomics products
The global Glycobiology 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).
Key Market Players
The prominent players operating in the Glycobiology 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).
This report categorizes the glycomics/glycobiology market into the following segments and subsegments
By Product
- Enzymes
- Instruments
- Kits
- Carbohydrates
- Reagents Chemicals
By Application
- Drug Discovery Development
- Diagnostics
- Cancer Diagnostics
- Other Diagnostics
- Other Applications
By End User
- Academic Research Institutes
- Pharmaceutical Biotechnology Companies
- Clinical Laboratories
- Contract Research Organizations (CROs)
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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