The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s glycomics or glycobiology market report forecasts the glycomics or glycobiology market size to grow to $2.82 Billion by 2027, with a CAGR (compound annual growth rate) of more than 15%.

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Glycomics Or Glycobiology Market Size Forecast
The global glycomics or glycobiology market is expected to grow from $1.38 billion in 2022 to $1.60 billion in 2023 at a compound annual growth rate (CAGR) of 15.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The glycomics or glycobiology market is expected to reach $2.82 billion in 2027 at a CAGR of 15.2%.

North America held the largest glycomics or glycobiology market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Glycomics Or Glycobiology Market Driver ­– Increase In The Demand For Medicines For The Treatment Of Several Severe Chronic Diseases
According to Cancer Facts and Figures 2022-2024, a scientific paper published by the American Cancer Society, there will be 22.5 million cancer (chronic disease) survivors by 2032, with a projected increase to 26 million by 2040. Similarly, Keytruda, a cancer immunotherapy drug, became one of the top-selling drugs in 2020, with revenue of $14.38 billion, a 29.7% increase over 2019. Thus, the glycomics or glycobiology market is driven by an increase in the demand for medicines for the treatment of several severe chronic diseases.

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Key Glycomics Or Glycobiology Market Trend – Investing Research And Development Activities
Glycomics or Glycobiology research centres are being funded by major research and development institutions. For example, in August 2022, Griffith University, an Australia-based Institute for Glycomics, will launch the ACRF International Centre for Cancer Glycomics with a $2.6 million ACRF grant, with the goal of achieving cancer glyco-code. This is a one-of-a-kind facility, with a better understanding of the glyco-code leading to the translation of novel discoveries and clinical outcomes that will help cancer patients improve their lives.

Glycomics Or Glycobiology Market Segment
1) By Product: Enzymes, Kits, Reagents and Chemicals, Instruments, Carbohydrates
2) By Application: Drug Discovery and Development, Disease Diagnostics, Other Applications
3) By End-user: Academic Research Institutes, Pharmaceutical and Biotechnology Companies, Clinical Laboratories

Glycomics Or Glycobiology Market Major Players and Strategies
Major players in the glycomics or glycobiology market are Water Corporation, Aligent Technologies, Bruker Corporation, Merck KgaA, New England Biolabs, Danaher Corporation, Shimadzu Corporation, ProZyme Inc., Takara Bio, S-BIO, Asparia Glycomics S.L, Lectenz Bio, Chemily Glycoscience, Z Biotech LLC, and RayBiotech.

Neogen, a US-based food safety company that provides testing solutions to the food industry, acquired Megazyme for an undisclosed sum in January 2021. Neogen gained a Megazyme product line as a result of this acquisition, which will help it strengthen its business relationships with major food producers and companies. Megazyme is a company based in Ireland that develops and manufactures analytical solutions, including glycobiology enzyme products.

The Glycomics Or Glycobiology Global Market Report 2023 covers regional data on glycomics or glycobiology market size, glycomics or glycobiology market trends and drivers, opportunities, strategies, and glycomics or glycobiology market competitor analysis. The countries covered in the glycomics or glycobiology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Glycomics, also known as glycobiology, is the study of the structure, biosynthesis, and biology of saccharides (such as sugar chains or glycans) found in nature. Glycans are researched in glycobiology for their structure, production, and biology.

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