The glycomics market involves the study of glycans or carbohydrate chains attached to proteins and lipids in various biological processes. Glycans play a crucial role in cell-cell interactions, cell recognition and development functions. The glycomics technology aids in monitoring glycosylation patterns that are crucial for biomarker discovery and understanding disease pathology. Glycomics utilizes techniques such as mass spectrometry, glycan arrays and bioinformatics tools for profiling glycomes in biological systems. The global glycomics market is driven by advancements in technologies that enable high-throughput glycan analysis, increasing research on understanding glycan role in health and disease, along with funding from public and private sources for glycobiology research.
The Global Glycomics Market is estimated to be valued at US$ 1.99 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024 to 2031.
Key Takeaways
Key players: Key players operating in the glycomics market are RayBiotech Life, Inc., Shimadzu Corporation, Asparia Glycomics, Agilent Technologies Inc., Thermo Fisher Scientific, Inc., Bruker Corporation, Merck KgaA, New England Biolabs, Takara Bio Inc, Waters Corporation, Danaher, Lectenz Bio, GlycoMimetics, Inc., Ludger Ltd., GlycoTech Corporation, Glycosyn LLC, Glykos, Inc., and Glanbia PLC.
Key players in the glycomics market include RayBiotech Life, Inc., Shimadzu Corporation, and Asparia Glycomics that offer a wide range of glycomics products and services.
Growing demand: There is a Glycomics Market demand for glycomics technologies from pharmaceutical and biotechnology companies for use in drug discovery and development. Glycomics aids in developing novel therapeutics for cancer, inflammation and other complex diseases.
Global expansion: Leading players in the glycomics market are expanding their presence globally with strategic partnerships and collaborations to meet the rising demand for glycomics applications from research and clinical industries.
Market key trends
One of the key trends in the glycomics market is the development of novel mass spectrometry techniques that have enabled high-throughput and comprehensive profiling of glycans. Techniques such as HILIC-UPLC and MALDI-TOF MS have revolutionized glycomics analysis. Another major trend is the increasing use of glycan microarrays for disease biomarker identification and drug screening. Advancements in bioinformatics and statistical tools are also supporting classification of disease-specific glycosylation patterns obtained through glycomics analysis. This is expected to boost the glycomics market during the forecast period.
Porter's Analysis
Threat of new entrants: There is a moderate threat of new entrants in this market as setting up infrastructure for research and development requires huge capital investment. However, there are opportunities for new players to offer niche and customized services.
Bargaining power of buyers: The bargaining power of buyers is moderate as the services offered in this market are differentiated and buyers have limited alternatives.
Bargaining power of suppliers: Suppliers have moderate bargaining power as raw materials required for developing glycomics solutions are specialized.
Threat of new substitutes: Threat of substitutes is low as glycomics represents a unique approach for understanding biological role of carbohydrates.
Competitive rivalry: Fierce competition exists among existing players to gain more market share.
Geographical Regions
In terms of value, North America dominates the Glycomics Market Regional Analysis accounts for over 40% share owing to presence of advanced research capabilities and increasing investment in healthcare domain. Asia Pacific is estimated to be the fastest growing regional market encouraged by improving R&D infrastructure and rising healthcare expenditure in countries like China and India.
The fastest growing geographical region for glycomics market is Asia Pacific led by China and India. The region is expected to witness around 15% CAGR during the forecast period on the back of expanding biopharmaceutical industry, growing healthcare services, and increasing government support for life science research.
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
