Kenneth Research recently added a report on Glycomics/Glycobiology Market in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Glycomics/Glycobiology Market along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Glycomics/Glycobiology Market products.
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The global Glycomics/Glycobiology Market was valued at USD 649.23 million in 2016 and is projected to reach USD 1,986.33 million by 2025, growing at a CAGR of 13.23% from 2017 to 2025.
Glycobiology is the study of the structure, biosynthesis, and biology of saccharides (sugar chains or glycans). The market is expected to grow at a high CAGR in near future due to expansion of biotechnology and proteomics in R&D and pharmaceutical sector.
1. Market Drivers
1.1 Increase in Funding for Proteomics and Glycomics Research, Growing R&D Expenditure
1.2 Growth of the Proteomics Market
1.3 Technological Advancements in Glycomics Instrumentation
1.4 Growing Focus of Market Players on Glycomics/Glycobiology
2. Market Restraints
2.1 Stringent Regulatory Frameworks
2.2 High Degree of Consolidation
1. Global Glycomics/GlycobiologyMarket, by Application:
1.2 Drug Discovery & Development
1.5 Other Applications
2. Global Glycomics/GlycobiologyMarket, by End User:
2.1 Academic Research Institutes
2.2 Pharmaceutical & Biotechnology Companies
2.3 Contract Research Organizations
3. Global Glycomics/Glycobiology Market, by Product:
3.1.1 Glycan Labeling Kits
3.1.2 Glycan Purification Kits
3.1.3 Glycan Release Kits
3.1.4 Other Glycomics Kits
3.2.5 Other Glycomics Enzymes
3.3.1 Antibody Arrays
3.3.3 Lectin Arrays
3.3.5 Mass Spectrometers
3.3.6 Other Glycomics Instruments
3.4.4 Other Reagents
4. Global Glycomics/Glycobiology Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Merck KGaA
2. Takara Bio, Inc.
3. Shimadzu Corporation
4. Bruker Corporation
5. Waters Corporation
6. New England Biolabs Inc.
7. Agilent Technologies, Inc.
8. Danaher Corporation
9. ProZyme, Inc.
10. Thermo Fisher Scientific, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Glycomics/GlycobiologyMarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team.
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