Report ID: UCMIG35I2192
Report ID:
UCMIG35I2192 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global glycomics market demonstrated a considerable valuation of USD 822.5 million in 2018, underscoring its significance in the field of life sciences. Over the forecast period, it is expected to witness substantial growth with a projected compound annual growth rate (CAGR) of 14.7%. This growth can be attributed to factors such as the increasing research and development activities in glycobiology, the growing recognition of the importance of glycomics in disease research and therapeutics, and advancements in analytical technologies facilitating glycomics studies. The expanding market reflects the expanding understanding of glycans' role in biological processes and the potential applications in various sectors, including pharmaceuticals, diagnostics, and personalized medicine.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Pharmaceuticals by segment aggregation, the contribution of the Pharmaceuticals in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35I2192