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(IT-NEWSWIRE.COM, November 13, 2018 ) According to the new market research report “Glycomics/Glycobiology Market by Product (Enzymes (Glycosyltransferase, Glycosidase), Instruments (HPLS, Mass Spectrometry, MALDITOF), Kits & Reagents (Glycoproteins)), Application (Diagnostic, Drug Discovery, Oncology), End User - Global Forecast to 2021", published by MarketsandMarkets™, provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the Glycomics/Glycobiology market along with estimates and forecasts of the revenue and share analysis.
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The global glycobiology market is expected to reach USD 1,211.4 million by 2021 from USD 649.5 million in 2016, at a CAGR of 13.3%. Glycomics is the study of carbohydrates and carbohydrate-containing biomolecules in biological processes. This study is used in diagnostics, drug discovery research, immunology, oncology, and various other applications. Glycomics products are widely used for analysis of cell surface markers, which can act as diagnostic or therapeutic targets. The base year considered for the study is 2015, and the forecast has been provided for the period between 2016 and 2021.
Market Dynamics
Drivers
Increasing funding for proteomics & glycomics research and growing R&D expenditure
Growth of the proteomics market
Technological advancements in glycomics instrumentation
Restraints
High degree of consolidation acts as an entry barrier for new entrants
Stringent regulatory frameworks and time-consuming approval processes
Opportunities
Increased use of personalized medicine
Biomarkers identification
Developing countries and emerging markets
Challenges
High cost of tools and instruments and their maintenance
Increasing funding for proteomics & glycomics research and growing R&D expenditure drives the global glycomics market
The growing demand for remedial treatments for life-threatening diseases, such as cancer, has driven the pace of pharmaceutical and biotechnological R&D as well as overall investments made in this sector. Both glycomics (being the study of glycans) and proteomics (being the study of proteins, and holding a prominent place in glycome R&D) are research-driven sectors. Moreover, glycomic biomarkers are finding significant applications in drug development and diagnostics for such diseases. As a result, the growing availability of funding for these two sectors is expected to aid the growth of the glycomics market, in the coming years.
Browse and in-depth TOC on “Glycobiology Market”
91 - Tables
32 - Figures
158 - Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/glycobiology-market-132685525.html
Major players in the glycobiology market are Agilent Technologies (U.S.), Bruker Corporation (U.S.), Danaher Corporation (U.S.), New England Biolabs (U.S.), ProZyme, Inc. (U.S.), Shimadzu Corporation (Japan), Merck KGaA (Germany), Takara Bio, Inc. (Japan), Thermo Fisher Scientific (U.S.), and Waters Corporation (U.S.).
Major Market Developments
In November 2016, ProZyme Inc. (U.S.) launched the Gly-Q glycan analysis system, an integrated platform for high-throughput, user-friendly glycoanalysis. With this system, biopharma companies can determine the glycan profiles of their samples faster, while reducing overall costs. It will benefit researchers running glycomic analysis of large datasets, including clinical samples.
In December 2015, Waters Corporation (U.S.) announced the launch of the GlycoWorks RapiFluor-MS N-Glycan kit in a 24-sample format. The new format processes 24 samples, 8 at a time. It helps laboratories transform their monoclonal antibody glycoprofiling methodology
In November 2015, Merck KGaA (Germany) acquired Sigma-Aldrich (US) for an approximate value of USD 17 billion. This acquisition helped the company expand its business in various geographies and enhanced its product portfolio, including life science and diagnostic.
In February 2014, Thermo Fisher Scientific acquired Life Technologies for an approximate value of USD 13.6 billion, plus the assumption of USD 1.5 billion in net debt. This acquisition helped the company expand its business in various geographies and enhanced its product portfolio
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