(MENAFNEditorial)
Glycobiology is the interdisciplinary branch of biochemistry and molecular biology that in detail studies structure, synthesis, biology and function of saccharides, carbohydrates, majorly known as glycans that are ubiquitous in nature. Glycan are major building blocks of living organisms and primarily composed of individual sugar units known as monosaccharide. These glycans are involved into various biochemical processes including cell to cell interaction, blood clotting, adhesion mechanism, growth factor signalling, regulating hormonal balance and activity in the blood and many others.
Market Growth Factors
Growing R & D expenditure and increasing funding for study of glycobiology, technological advancements in glycobiology instruments, and increased focus of pharmaceutical and biotechnological companies to provide upgraded drugs with untapped opportunities in emerging countries drives the market for further growth. In addition, increased prevalence of chronic diseases such as diabetes and cancer is prime factor boosting the growth of the market. However, unmet regulatory guideline and time consuming approval process along with high degree of consolidation restricts the entry of new players to the market which might hamper the growth of the market.
Segmentation
The segmentation of is done on the basis of product, application, end user and region. Based on product type the market is divided into enzymes, instruments, kits and reagents. Depending upon application the market is classified into diagnostic, drug discovery & development, oncology, immunology and other applications. Several drugs being in pipeline drug discovery & development segment is anticipated to account for significant growth in near future owing to upsurge in activities of R & D for the development of novel therapeutics. Considering end user the market is bifurcated into contract research organization, pharmaceutical & biotechnological companies and academic research institutes.
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Geographical Analysis
By region, the global glycobiology market is segmented into-
• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Australia
o South Korea
o Rest of Asia-Pacific
• LAMEA
o Brazil
o UAE
o South Africa
o Rest of the LAMEA
North America is expected to expand at significant growth rate followed by Asia-Pacific. The growth of these regions is mainly attributed to newly emerging biotechnological & pharmaceutical companies, increased R & D expenditure and advancement in technology.
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Competitive Analysis
Some of major players dominating the global glycobiology market are-
Agilent Technologies, Inc., Waters Corporation, Merck KGaA, Bruker Corporation, Danaher Corporation, Shimadzu Corporation, New England Biolabs, ProZyme, Inc and Thermo Fisher Scientific.
Scientist from van andel research institute says that cryogenic electron microscopy reveals critical modifying complex and potential drug target. The complex called as OST majorly involved in protein glycosylation is associated with the numerous function in human body. A professor at Van Andel Research Institute Ph.D., says that disclosure of atomic level structure of OST is a breakthrough in glycobiology.
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