Rise in Research for Pharmaceutical Drugs and Treatments amid COVID-19 Drives Sales Prospects in Glycomics Market, Notes TMR Study

Albany, New YorkAnd January 18 2022 /PRNewswire/ — With the increasing emergence of diverse health conditions among populations from around the world, the need for an in-depth study of these diseases has increased. The increasing prevalence of various chronic health conditions is creating the need for research and development projects focused on developing new and advanced treatment solutions. This in turn is expected to lead to the expansion of the global glycomics market in the coming years.

In recent years, there has been an increase in the number of research institutes and pharmaceutical companies, which perform critical research and development in the drug discovery and development sector. During the coronavirus pandemic, drug companies have seen consistent developments, which has accelerated the investigation of drugs.

Increased financial support for research and development initiatives focused on the study of polysaccharides or glycans, increased disease diagnostic applications, and innovations in biotechnology are some of the important factors generating notable revenue streams in the global glycomix market during the pandemic.

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A study by Transparency Market Research (TMR) indicates that the global glycomics market will expand at a compound annual growth rate of 11.2% over the forecast period, from 2021 to 2031.

Asia Pacific It is estimated that it gained the dominant position in the glycomics market during the forecast period due to several factors, including the high prevalence of several chronic health conditions in the region. Moreover, the market is estimated to notice promising expansion avenues in emerging countries such as ChinaAnd South Korea, And India.

Glycomics Market: Key Findings

  • Increase in research and development projects focused on drug discovery market growth

The increasing use of glycobiology in disease diagnosis, drug discovery and development, immunology and oncology is creating significant business prospects in the global market.

Government authorities in many developing countries around the world have increased their budgets for research and development projects. Furthermore, they provide financial support to pharmaceutical organizations, which are working to enhance their production capacities to meet the increasing demand for medicines due to the COVID-19 pandemic. These factors are powering the global glycomics market.

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  • Expansion of academic and research institutes to support market growth

In recent years, there has been an increase in the number and updating of diversified academic and research institutes, which study glycomixes which play a major role in developing vaccines, precision medicines, rapid development of drugs, etc., moreover, there are many research institutes collaborating with contributors The main market participants are in order to obtain funding for various research in biochemistry and biomedicine. These factors are driving the expansion of the glycomics market. Moreover, the increasing collaboration between research institutes and market players to study glycomixes and proteomics in order to develop advanced therapeutic solutions for genetic health conditions is fueling the global glycomix market.

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Glycomics Market: Growth Enhancers

  • Technological developments in the pharmaceutical industry are expected to create lucrative business opportunities in the market
  • It is estimated that the rising incidence of chronic health problems, including cancer and diabetes, is driving up market demand

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Glycomics Market: Major Players

Some of the major players in the market are:

  • Asparagus Glycomics
  • Agilent Technologies, Inc.
  • Canadian Glycomics Network (GLYCONET)
  • user company
  • GLYCODIAG
  • Glyco Expression Technologies, Inc.
  • New England Biolabs
  • Merck KGaA
  • Shimadzu company
  • RayBiotech, Inc.
  • vector laboratories
  • Thermo Fisher Scientific Inc.
  • ice bio, Inc.

Glycomics Market Segmentation

Product Type

  • enzymes
    • glycosides
    • Glycosyltransferases
    • neuraminidas
    • Sialyltransferases
    • Aharon
  • Tools
    • antibody arrays
    • HPLC
    • Lectin arrays
    • Maldi died
    • Other Glycomics Tools
  • kits
    • Glycan labeling groups
    • Glycan purification kits
    • Glycan Edition Kits
    • Aharon
  • reagents
    • glycoproteins
    • monosaccharides
    • lack of sugars
    • Aharon

Request

  • Diagnosis
  • Drug discovery and development
  • Oncology
  • Immunology
  • Aharon

end user

  • Academic Research Institutes
  • Pharma and biotechnology companies
  • contract research organizations

Area

  • North America
  • Europe
  • Asia Pacific
  • Latin america
  • Middle east & Africa

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