From GlobeNewswire: 2024-11-19 07:35:00

The Glycomics Market was valued at USD 1.68 Billion in 2023 and is projected to reach USD 5.33 Billion by 2032, growing at a CAGR of 13.76%. Breakthroughs in biotechnology and precision medicine are driving growth, with pharmaceutical R&D expenditures exceeding USD 301 billion in 2023. Emerging technologies like AI are transforming glycomics, leading to major investment opportunities from established firms and startups.

Key players in the market include Thermo Fisher Scientific, Merck KGaA, Agilent Technologies, Bruker, and more. The market scope includes segments like enzymes, kits, and instruments, with drivers such as rising chronic diseases and increased applications in diagnostics fueling growth. The Drug Discovery & Development segment dominated in 2023, while the Diagnostics segment is expected to grow the fastest.

The Enzymes segment accounted for 34% of revenue share in 2023, crucial for glycan composition study. The Instruments segment is expected to grow at a CAGR of 15.53% from 2024 to 2032, driven by increased usage of analytical tools. North America led the market in 2023, with Europe expected to grow at a CAGR of 15.43% from 2024 to 2032, driven by investments in research and adoption of glycomics-based diagnostics and therapies.

Future growth in the Glycomics Market will be fueled by technological innovations in mass spectrometry, increased adoption of precision medicine, and advancements in AI and machine learning for faster and more accurate glycan analysis. Asparia Glycomics recently highlighted advancements in N-glycan and O-glycan profiling using LC-MS, focusing on glycoproteomics. Antoine Lesur discusses the use of ion mobility to enhance glycoanalysis accuracy. The market report includes detailed insights on glycomics, from market dynamics to statistical trends and competitive landscape analysis. The report also covers segmentation by product, application, and end use, as well as regional analysis and company profiles. Access the full report at https://www.snsinsider.com/reports/glycomics-market-4084 for in-depth information and customization options. Contact [email protected] for more details. S&S Insider is a leading market research and consulting agency providing clients with essential knowledge to navigate changing market conditions.



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