New York, April 25, 2023 (GLOBE NEWSWIRE) -- The Global Glycobiology Market is expected to grow at a CAGR of 15.5% from its 2022 revenue of roughly US$ 1.3 billion to an estimated value of US$ 6.2 billion by the end of 2033.
Glycobiology is a scientific field that studies the structure, function, and biology of carbohydrates (glycans) in living organisms. Carbohydrates play a crucial role in various biological processes, including cell signaling, immune response, development, and disease progression.
Glycobiology encompasses the study of glycan structure, biosynthesis, recognition, and their roles in health and disease. The glycobiology market includes various products and services used for research and applications related to carbohydrates and glycan-related processes.
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The global glycobiology market is expected to witness significant growth in the coming years. The market is driven by various factors, including increasing research activities in glycobiology, rising awareness about the importance of carbohydrates in biological processes, advancements in glycan analysis technologies, and growing applications of glycobiology in drug discovery, diagnostics, and therapeutics. The glycobiology market includes a wide range of products and services, such as enzymes, kits, reagents, instruments, and software, used for glycan analysis, glycoengineering, and glycan-based applications.
Market Dynamics
- Increasing research activities in glycobiology: Glycobiology research is expanding rapidly, driven by the growing awareness of the importance of carbohydrates in biological processes. Researchers are exploring the roles of glycans in cell signaling, immune response, development, and disease progression, leading to increased demand for glycobiology products and services.
- Advancements in glycan analysis technologies: Advances in glycan analysis technologies, such as mass spectrometry, chromatography, and capillary electrophoresis, have enabled high-throughput and accurate glycan analysis. These technologies have facilitated the identification and characterization of complex glycan structures, leading to the advancement of glycobiology research.
- Growing applications in drug discovery, diagnostics, and therapeutics: Glycobiology research has significant applications in drug discovery, diagnostics, and therapeutics. Glycan-based drugs, vaccines, and diagnostics are gaining prominence in the field of personalized medicine, leading to increased demand for glycobiology research.
- Increasing awareness about the importance of carbohydrates in health and disease: There is a growing awareness about the critical roles of carbohydrates in health and disease. Carbohydrates play a crucial role in various biological processes, including cell signaling, immune response, and disease progression. This awareness has led to increased interest and investment in glycobiology research.
- Emphasis on personalized medicine and precision healthcare: Personalized medicine and precision healthcare approaches are gaining prominence, with a focus on understanding individual patient characteristics for targeted therapies. Glycobiology research provides insights into the complex roles of glycans in disease mechanisms, leading to the development of personalized glycan-based therapeutics and diagnostics.
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Market Segmentation
By Product Type:
- Enzymes: Enzymes are widely used in glycobiology research for glycan analysis, glycan biosynthesis, and glycoengineering. Enzymes such as glycosyltransferases, glycosidases, and sialyltransferases are used for glycan modification, synthesis, and degradation.
- Kits and Reagents: Kits and reagents are essential tools for glycobiology research, including glycan labeling, purification, analysis, and characterization. Kits and reagents for glycan analysis, glycan profiling, and glycan purification are commonly used in glycobiology laboratories.
- Instruments: Instruments such as mass spectrometers, chromatography systems, and capillary electrophoresis systems are used for glycan analysis, glycan profiling, and glycan characterization. These instruments enable high-throughput glycan analysis and provide accurate and reliable results.
- Software: Software solutions for glycan analysis, glycan structure prediction, and glycan data analysis are gaining prominence in the glycobiology market. These software solutions assist researchers in analyzing and interpreting complex glycan data.
By End User:
- Academic and Research Institutes: Academic and research institutes are the major end users of glycobiology products and services. These institutes conduct cutting-edge glycobiology research, including glycan analysis, glycan biosynthesis, and glycan-based applications, to unravel the complex roles of carbohydrates in biological processes.
- Pharmaceutical and Biotechnology Companies: Pharmaceutical and biotechnology companies utilize glycobiology research for drug discovery and development, including identification of novel drug targets, optimization of drug properties, and development of glycan-based therapeutics. Glycobiology research helps in the development of innovative drugs and biologics with improved efficacy and safety profiles.
- Hospitals and Diagnostic Centers: Hospitals and diagnostic centers use glycobiology research for disease diagnosis, prognosis, and monitoring. Glycan-based biomarkers are employed in diagnostics to detect and monitor various diseases, including cancer, infectious diseases, and genetic disorders.
- Other End Users: Other end users of glycobiology products and services include government and private research organizations, contract research organizations (CROs), and clinical laboratories.
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Geography Analysis:
North America is expected to dominate the global glycobiology market due to the presence of a large number of academic and research institutes, pharmaceutical and biotechnology companies, and advanced healthcare infrastructure. Europe and Asia-Pacific are also significant regions in the glycobiology market, with increasing research activities and growing applications of glycobiology in drug discovery, diagnostics, and therapeutics.
Competitive Landscape
The glycobiology market is highly competitive, with several players operating in the market. Key players in the glycobiology market include Glycodiag, Tracxn Technologies Limited, Agilent Tecnologies, Inc., Takara Bio Inc., Bio-Techne, Bruker Corporation, Thermo Fisher Scientific Inc., Shimadzu Corporation, New England Biolabs., Waters.co., Merck KGaA, Palleon Pharmaceuticals, Asparia Glycomics, RayBiotech Life,Inc., Z Biotech,LLC., Chemily Glycoscience, Lectenz Bio, 2BScientific etc.
Recent Developments
- A co-marketing agreement was announced in June 2022 by Thermo Fisher Scientific and TransMIT GmbH Centre for Mass Spectrometric Developments to promote the use of a mass spectrometry imaging (MSI) platform for spatial multi-omics applications in pharmaceutical and clinical labs.
- In April 2022, Bruker unveiled a special MALDI HiPLEX-IHC tissue imaging solution for timsTOF flex, combining unbiased lipidomics, glycomics, and metabolomics tissue imaging with AmberGen's HiPLEX-IHC peptide code antibody probes.
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