Glycobiology is the research to decipher the information communicated by carbohydrate molecules: the code of carbohydrates or glycocode. Glucans or carbohydrates are one of the basic classes of macromolecules found in biological systems and consist of individual sugar units called monosaccharide linked together in multiple ways. Glycans are involved in all aspects of the biochemistry of life, so that proteins and peptides cannot be evaluated without understanding the science that deals with the study of synthesis, structural elucidation, glucans with biological molecules such as lipids and proteins
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In the year 2018, Global Glycobiology Market was valued at USD 923.93 Million. By the year 2023, it is expected to reach USD 1548.25 Million with pace of 13.2% CAGR.
Drivers and Restraints:
Increase in chronic diseases such as cancer and diabetes, huge investments from governments, increased R&D expenditure. Continuous technological advancements and rising focus of biotechnology companies and pharmaceuticals. However high costs and lack of skilled professionals are the restraining factors of the market.
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Based on geography the Global Glycobiology Market primarily segmented into Europe, North America, Latin America, Middle East & Africa and North America. The Global Glycobiology Market was dominated by North America, with the largest market share globally and was followed by Europe. The Asia Pacific is predicted to show the highest CAGR during the forecasting period.
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Major companies involved in Global 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.)
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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