SEATTLE--(BUSINESS WIRE)--According to Coherent Market Insights, the global glycobiology market is estimated to be valued at US$ 1,165.3 million in 2020 and is expected to exhibit a CAGR of 12.8% during the forecast period (2020-2027).
Key Trends and Analysis of the Global Glycobiology Market:
Key trends in the global glycobiology market include increase in product launches by key companies, which is expected to drive the global glycobiology market growth over the forecast period. For instance, In March 2017, Bruker Corporation announced the launch of its new nuclear magnetic spectroscopy instrument - AVANCE NEO. The new AVANCE NEO has advanced AVANCE III HD by offering even faster control, improved dynamic range, and enhanced flexibility and scalability.
Furthermore, key players operating in the global glycobiology market are focusing on adoption of inorganic growth strategies to increase their market presence in the global market. For instance, in May 2020, Thermo Fisher Scientific Inc., collaborated with Biognosys, a leading developer of next-generation proteomics solutions. The collaboration focused on data independent acquisition mass spectrometry (DIA-MS) based workflows and in developing a quantified workflow for accurate and flexible label-free protein quantitation and proteome profiling in plasma matrices.
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Key Market Takeaways:
The global glycobiology market is expected to exhibit a CAGR of 12.8% during the forecast period due to key players in the market are focusing on adopting growth strategies such as expansion in order to strengthen its position in market which is expected to boost the global glycobiology market over the forecast period. For instance, In December 2020, Merck & Co., Inc. announced the expansion of its life sciences (biopharmaceutical product manufacturing, industrial microbiology products, materials and regents) production capacity in the U.S. by investing US$ 48.53 million in their production facilities in Danvers, Massachusetts, and Jaffrey, New Hampshire, U.S.
Among product type, Enzymes segment is estimated to hold a dominant position in the global glycobiology market over the forecast period. Moreover, increasing collaborations between key players for research and developments in glycoproteins and Glycans is expected to drive the segment growth. For instance in November 2019, MOBILion Systems, Inc. collaborated with researchers at the University of Georgia, for R&D in Glycans and glycoprotein
In terms of end user, Pharmaceutical Companies segment is estimated to hold dominant position in the global glycobiology market over the forecast period. Pharmaceutical companies operating in the glycobiology market are focusing on research and development of roles of carbohydrates including mediating adhesion of pathogens and toxins to host cells, the appearance of tumor-associated antigens, the regulation of blood coagulation, and the circulatory half-life of plasma glycoproteins for immune system. Thus, increasing research and development activities carried out by pharmaceutical companies is expected to drive the segment growth over the forecast period.
Key players operating in the global glycobiology market are Bio-Techne Corporation, Bruker Corporation, Thermo Fisher Scientific Inc., Shimadzu Corporation, Plexera LLC, New England Biolabs, and Agilent Technologies, Inc.
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Glycobiology Market, By Product Type:
- PNGase F
- GalNAc Transferases
- Galactosyl Transferases
- Carbohydrate Kinases
- Reagents & Kits
Glycobiology Market, By Application:
- Drug Discovery and Development
- Industrial Application
Glycobiology Market, By End User:
- Pharmaceutical Companies
- Research Laboratories
- Diagnostic Centers
- Contract Research Organizations
- Biotechnology Companies
- Academic Institutes
Glycobiology Market, By Region:
- Rest of Latin America
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Rest of Middle East
- South Africa
- Central Africa
- North Africa
- North America
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