New York, United States , July 12, 2024 (GLOBE NEWSWIRE) -- The Global Glycoproteins Market Size is to Grow from USD 507.3 Million in 2023 to USD 700.6 Million by 2033, at a Compound Annual Growth Rate (CAGR) of 3.28% during the projected period.
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Glycoproteins are a class of proteins. It belongs to the carbohydrate group as well as the polypeptide chain. The union of carbs and protein into a single molecule. It is an essential part of the body. Glycoproteins, for instance, are often essential elements of the immune system. It encourages the growth of the immune system. The molecule contains chains of oligosaccharides. Proteins are not found in the plasma membrane. The glycoprotein market is helpful in several sectors, including vaccine and medical research, where it is crucial to the formulation and development of new drugs. Because they serve as reagents and biomarkers, glycoproteins are essential for biotechnology research and diagnostics. The food and beverage industries add them to products to extend their shelf life. The glycoprotein market was driven by a significant rise in investments made in biopharmaceutical research and development as investors looked for new medications. Glycoprotein demand is rising due to increased efforts being made by stakeholders in the development of new biologics. Glycoproteins are being more widely used in many end-user sectors as a result of the development of novel techniques for their production. However, the lack of clinical and research expertise in the healthcare industry is anticipated to restrict the growth of the glycoprotein market. The presence of rival biological initiatives might hinder market expansion over the estimated period.
Browse key industry insights spread across 243 pages with 110 Market data tables and figures & charts from the report on the "Global Glycoproteins Market Size, Share, and COVID-19 Impact Analysis, By Product Type (N-linkage, O-linkage, and Others), By Application (Research Institutes, Hospital, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The N-linkage segment is anticipated to hold the greatest share of the global glycoproteins market during the projected timeframe.
On the basis of product type, the global glycoproteins market is divided into N-linkage, O-linkage, and others. Among these, the N-linkage segment is anticipated to hold the greatest share of the global glycoproteins market during the projected timeframe. In the glycoprotein market, glycoprotein N-linkage segments are necessary for several applications. They are essential to biotechnology because they enhance the biological effects of protein treatments, the pharmaceutical industry because they increase medication stability and efficacy, and the diagnostic industries because they increase the sensitivity and specificity of biomarker detection.
The research institutes segment is anticipated to grow at the fastest pace in the global glycoproteins market during the projected timeframe.
On the basis of application, the global glycoproteins market is divided into research institutes, hospitals, and others. Among these, the research institutes segment is anticipated to grow at the fastest pace in the global glycoproteins market during the projected timeframe. Research institutes are important participants in the glycoprotein industry, concentrating on new applications and developments. By researching the role of glycoproteins in disease mechanisms, research institutes are essential to the creation of new diagnostic instruments.
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North America is expected to hold the largest share of the global glycoproteins market over the forecast period.
North America is expected to hold the largest share of the global glycoproteins market over the forecast period. The primary factors driving the demand for glycoproteins in North America are the growth of the biotechnology industry and a growing focus on biopharmaceutical research. The importance of glycoproteins for diagnosis and treatment, particularly in the case of chronic illnesses like cancer, has been highlighted by recent advances in glycomics, the study of glycans and their physiological roles.
Asia Pacific is predicted to grow at the fastest pace in the global glycoproteins market during the projected timeframe. Due to its efficacy, the pharmaceutical sector is expected to expand throughout the Asia Pacific. The increase of hospitals and research facilities in this region is expected to contribute to the expansion of the market.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global glycoproteins market include Enzo Life Sciences, R&D Systems, Longevity Biotech Inc., Osel Inc., Sigma, Creative Diagnostics, Thermo Fisher Scientific, Pharis Biotec GmbH, Vector Laboratories, QED Bioscience Inc., Epitope Diagnostics, Creative Biolabs, BD Biosciences, Shanghai Korain Biotech Co., and others.
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Recent Developments
- In September 2023, the most recent product that R&D Systems introduced was recombinant glycoproteins meant for use in research.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global glycoproteins market based on the below-mentioned segments:
Global Glycoproteins Market, By Product Type
- N-linkage
- O-linkage
- Others
Global Glycoproteins Market, By Application
- Research Institutes
- Hospital
- Others
Global Glycoproteins Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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