Glycomics/Glycobiology Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing prevalence of chronic diseases: There is a growing burden of chronic diseases, such as cancer and metabolic disorders, which efficiently drives business in the market. In this regard, RKI in 2024 reported that in Germany, nearly 2.5 million patients required glycan-based diagnostics in 2025, which is a 41% rise from 2020. Besides, WHO states that in Europe, there will be a heightened demand for glycotherapeutics by 2030. Therefore, this expanding demand necessitates the requirement for glycomics or glycobiology therapeutics.
- Progression in glycomic innovations: The strategic collaborations between pharmaceutical firms and innovations in glycobiology therapeutics are yet another driver in the market. In this regard, in 2023, Thermo Fisher acquired GlycoSelect, which enhanced its product portfolio significantly by capturing an increased market share of 14%. Besides, in 2024, Agilent announced a partnership with 20 EU-based hospitals to introduce AI-based glycomics platforms, which reduce lab costs by 30%, thereby reflecting an increased market adoption.
Manufacturer Strategies Strengthening Glycomics/Glycobiology Market Positions
The global market is gaining traction due to the strategies opted by manufacturers to strengthen their market positions. Key trends undertaken by the firms include market innovation, collaborations, and expansions in rapidly emerging markets. In this regard, the U.S. FDA’s Biosimilars Research Awards highly support the innovation in the biosimilar sector, aiding in cost-effective alternatives, expanding the market reach internationally. These factors are anticipated to contribute to the market adoption, thereby creating revenue opportunities for global market players.
Revenue Opportunities for Glycomics/Glycobiology Manufacturers
|
Company/Region |
Strategy |
Impact on Market Position |
Estimated Revenue Impact |
|
Novo Nordisk |
Expansion of GLP-1 drug portfolio |
Increased market share in diabetes treatment |
$9.3 billion |
|
FDA Biosimilars Research Awards |
Support for biosimilar development |
Facilitation of affordable treatment options |
$23.7 billion |
|
Germany |
Projected increase in type 2 diabetes prevalence |
Expanded patient pool for glycomics-based therapies |
N/A |
|
U.S. Healthcare Spending |
Increased allocation to prescription drugs |
Enhanced market potential for glycomics manufacturers |
$5.1 trillion |
Feasible Expansion Models Shaping the Glycomics/Glycobiology Market
The market is witnessing remarkable growth, critically influenced by different sorts of expansion models undertaken to enhance accessibility and affordability. It is reported that there is a heightened demand for advanced diagnostic tools such as glycomic-based solutions in India’s pharmaceutical sector, due to which it is estimated to reach USD 135 billion by 2030. Furthermore, this robust market ecosystem intends to support glycomic manufacturers, allowing them to collaborate with domestic healthcare facilities, thereby denoting a positive market outlook.
Feasibility Models for Glycomics Market Expansion
|
Model Type |
Region |
Strategy Description |
Estimated Revenue Impact (USD) |
|
Partnership Model |
India |
Collaboration with local healthcare providers to distribute glycomics-based diagnostics |
14% increase from 2022 to 2024 |
|
Government Funding Model |
Canada |
Utilization of grants like GlycoNet's $16.3 million funding to support research initiatives |
$16.5 million (2020) |
|
Market Expansion Model |
USA |
Expansion into emerging markets through strategic partnerships and product innovation |
$9.5 billion (2023) |
|
Policy Support Model |
USA |
Implementation of policies like the Inflation Reduction Act to cap insulin costs at $35 for Medicare beneficiaries |
$36.2 billion (2023) |
Challenge
- Increasing equipment and operational costs: This factor poses a significant challenge for the market upliftment across all nations. The high cost associated with specialized equipment such as mass spectrometers and glycan microarrays hinders expanded access for glycomics researchers. Besides, it is reported that glycomics analysis services can cost between USD 100 to USD 600 per sample, making it challenging for smaller institutions to invest in this sector.
Glycomics/Glycobiology Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
13.5% |
|
Base Year Market Size (2024) |
USD 2.1 billion |
|
Forecast Year Market Size (2037) |
USD 10.2 billion |
|
Regional Scope |
|