Glycomics Market is in Trends by Rising Research and Development Activities
Glycomics Market is in Trends by Rising Research and Development Activities
Blog Article
The glycomics market involves the study of glycans or carbohydrates, which play a crucial role in various biological processes. Glycans present on cell surfaces and inside cells are involved in key functions such as cell signaling, molecular recognition, and modulation of protein activity. Glycomics tools help analyze glycan structures and better understand related biological mechanisms and diseases. The increasing investments in R&D of glycan-based drugs and diagnostics is fueling the demand for glycomics products.
The global glycomics market is estimated to be valued at US$ 1.99Bn in 2024 and is expected to exhibit a CAGR of 13.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the glycomics market include Merck KGaA, Agilent Technologies, Inc., Shimadzu Corporation, New England Biolabs, Danaher Corporation, Thermo Fisher Scientific and others.
Rising research on various diseases such as cancer, inflammatory, and cardiovascular diseases is driving the Glycomics Market demand for tools, carbohydrate standards, and other consumables to analyze glycans and their effect on the onset and progression of diseases.. Glycomics tools are helping researchers develop disease-specific glycan signatures for early diagnosis and targeted drug development.
Major players in the glycomics market are focusing on expanding their geographical presence through partnerships and collaborations to cater to the growing glycomics demand globally. For instance, in 2021, Shimadzu Corporation launched their glycan laboratory in France to strengthen their presence in Europe’s glycomics market.
Market Key Trends
One of the major trends in the glycomics market is growing focus on technology advancements. Ongoing research aims to develop highly sensitive and high-throughput glycomics technologies such as microarray techniques and mass spectrometry methods. Technologies like these help in rapid analysis of large glycosylation datasets to gain a better understanding of glycome functions and complexities. Glycomics start-ups are also emerging with innovations like microfluidic devices and imaging platforms to accelerate glycan-based research and its clinical applications. These technological advancements are expected to fuel the growth of the glycomics market during the forecast period.
Porter’s Analysis
Threat of new entrants: Low requirement for large capital investments and production capacity for new players to enter the market.
Bargaining power of buyers: Buyers have high bargaining power due to availability of alternatives and vertical integration of major players.
Bargaining power of suppliers:
Suppliers have moderate bargaining power due to the availability of substitutes and the dominating presence of a few players globally, highlighting the Glycomics Market Challenges and Opportunities low due to lack of viable alternatives to glycomics assays and high switching costs for end-users.
Competitive rivalry: High due to presence of global and regional players competing on basis of product portfolio and geographical presence.
Geographical Regions
North America accounts for the largest share of the glycomics market owing to increasing R&D investments in glycomics and glycobiology from private as well as public organizations in countries such as the US. The presence of leading players and established research infrastructure are other factors driving market growth in this region.
The Asia Pacific region is poised to witness the highest growth during the forecast period attributed to rising healthcare expenditure, increasing government funding for medical research, growing outsourcing of clinical research to countries, and growing geriatric population. Emerging countries such India and China offer significant growth opportunities for market players in the region.
Get More Insights On Glycomics Market
https://www.insightprobing.com/glycomics-market-to-witness-high-growth-owing-to-increasing/
Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.
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