Glycomics/Glycobiology Market Trends

The global glycomics / glycobiology market is projected to witness significant growth over the forecast period on account of escalating research & development expenditure by pharmaceutical companies coupled with an increment of chronic diseases such as cancer and diabetes. According to the World Health Organization, the global cancer burden raised to 18.1 million cases and 9.6 million deaths in 2018, and approximately 70% of deaths from cancer occur in low-income and middle-income countries. Additionally, factors such as availability of products to conduct protocol with high specificity and sensitivity, funding through government bodies, and continuous technological advancements are estimated to support the development of the glycomics / glycobiology market over the forecast period.

The glycomics / glycobiology market is anticipated to register a notable CAGR over the forecast period i.e. 2020-2028. The market is segmented by product, by application & end-user, out of which, the enzymes segment of product sector is anticipated to hold leading shares in the glycomics / glycobiology market on account of consumable nature of enzymes and their wide applications in a variety of R&D and drug discovery procedures. On the contrary, the drug discovery & delivery segment of application sectors is estimated to register a robust growth to the increasing R&D investments in pharmaceutical and biotechnology companies coupled with the rising number of drug discovery research activities in academic research institutes. CLICK TO DOWNLOAD SAMPLE REPORT