Global Glycobiology Market: Snapshot
The world glycobiology market is envisioned to sense a strong lead in the biotechnology sector with the mutual advantage of glycobiology and proteomics proliferating their applications in different fields. Due to the capacious overlap and interdependency of both glycobiology and proteomics markets on the part of instrument sections, the global market could gain a sound impetus from the episode.
With regard to segmentation, the global glycobiology market could be analyzed on the basis of product, application, and end user. The geographical segmentation can provide an outlook of the key regions that practice the various applications of glycobiology.
The authors of the report have taken to thoroughgoing primary and secondary research to provide a reliable platform for both new entrants and established players to make intelligent decisions. Besides this, the analysts have provided critical data on the forecast of future trends and present market size.
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Global Glycobiology Market: Trends
The international glycobiology market is foreseen to be motivated by the enlarging research and development spending on the part of biotechnology and pharmaceutical organizations. One of the most influential motive powers for the growth of the global market is the heightening private and government funding initiated for forwarding research activities related to proteomics and glycomics.
The drug discovery and development division by application was anticipated to hold a gargantuan share in the world glycobiology market in 2016. The advancement of this possible segment could be accredited to the rise in the evolution of unconventional therapies and drugs through thorough research and development. Other segments such as immunology, oncology, and diagnostics could be listed under the application category.
Out of the many probable product type segments, enzymes are predicted to register a higher CAGR and growth on the back of their extensive applications in drug discovery and research and development operations. While they can be further segregated as sialyltransferases, neuraminidases, glycosyltransferases, and glycosidases, the other glycobiology products could be reagents, kits, and instruments.
If the end users are concerned, a larger share of the global glycobiology market was expected to be secured by academic research institutes in 2016. The success of this end-user segment could be attributed to the strong private and government support offered through funding. Other end users such as contract research organizations and pharmaceutical and biotechnology firms are foretold to stay in the run.
Global Glycobiology Market: Geography
Although the world glycobiology market could be geographically divided into North America, Europe, Asia Pacific, and Rest of the World, Asia Pacific is envisaged to outshine while riding on a sharp CAGR. Much of the demand for glycobiology in Asia Pacific could be ascribed to the uprising significance of companion diagnostics, maturing want for customized medicine, and escalating research and development commercialization by biotech and pharma firms.
North America may not lag behind in terms of growth, mainly due to the increasing incidences of herpes, AIDS, cancer, and other infectious and chronic illnesses. The sedentary lifestyle and multiplying geriatric population in this region is deemed to be responsible for the prevalence of such diseases. Moreover, citizens are being able to access well-assembled reimbursement programs and afford expensive medication, which is expected to further push the rise of North America.
Global Glycobiology Market: Competition
The report presented here for the perusal of the buyers could include an unfathomable study of the competitive landscape along with the future trends of the glycobiology industry. Some of the epoch-making players of the world glycobiology market could be Waters Corporation, Thermo Fisher Scientific, Takara Bio, Inc., Merck KGaA, Shimadzu Corporation, ProZyme, Inc., New England Biolabs, Danaher Corporation, Bruker Corporation, and Agilent Technologies.
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