ID: MRFR/CnM/9052-HCR | April 2021 | Region: Global | 180 pages
Glycoprotein Market Size is predicted to reach USD 5320 Million by the end of the year 2028, by registering a CAGR of 2.6%.
Glycoproteins are proteins that have oligosaccharide chains (glycans) tightly bound to the side chains of polypeptides. The carbohydrate is cotranslationally or posttranslationally linked to the protein. This is referred to as glycosylation. Intracellularly proteins that are secreted are frequently glycosylated. Glycoproteins are extremely varied and perform several activities in the body. Collagens, for instance, offer structure, whereas immunoglobulins, including IgG, have a role in the defense system. Mucins are produced into mucus of the stomach and gastrointestinal systems, where they may hold water, permitting mucus to function as an efficient lubricant.
The increased competition for glycoprotein throughout numerous pharmaceutical industries, owing to its excellent adhesive characteristics, is a significant driver driving Glycoprotein Market expansion. The growing use of glycoprotein in the healthcare industry has produced a significant market demand for the commodity. As a result of glycoprotein's widespread applicability and the expansion of the worldwide transportation sector, the Glycoprotein Market is predicted to rise considerably over the projected period. Glycoprotein is involved in many biological processes, including cell-cell recognition, embryonic development, immunological activities, pathogen detection, and cell attachment. The rising consumption of glycoprotein in the world market, as well as the increasing medical industry in emerging nations, are major drivers driving Glycoprotein Market expansion.
This report contains all the information on the Glycoprotein Market research and market strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the Glycoprotein Market report and forecast for 2028 is also included in the report.
The COVID-19 pandemic has had a significant influence on the world economy at several levels, including the glycoprotein industry. The growing market of medical care research and innovation is likely to have a sharp drop in sales during the lockdown period because to the shutdown of industrial facilities, severe scarcity of raw materials, and a lack of potential manpower. The current scenario caused by the pandemic indicates that entire supply chain operations have encountered minor stumbling blocks.
The leading significant players in the worldwide Glycoprotein Market are focusing on collaborations, collaborations, and acquisitions to increase their market share.
The rising demand for glycoprotein across numerous pharmaceutical industries, owing to its excellent binding characteristics, is a significant driver driving Glycoprotein Market expansion. The growing use of glycoprotein in the healthcare industry has produced a significant customer demand for the commodity. As a result of its widespread application and the expansion of the worldwide transport sector, the worldwide Glycoprotein Market trends are predicted to rise considerably over the projected period.
Glycoprotein analysis has drawn significant R&D expenditures, as well as subsidies and reimbursements for glycoprotein-related antibody mutations and related pathway targeting, all of which are propelling the Glycoprotein Market opportunities.
The rising worries of governments throughout the world about its association with Covid-19—because it binds to ACE2 rate and depth of breathing projected to hinder the Glycoprotein Market expansion.
Glycoprotein analytical methods such as spectroscopic and biochemical compounds are labor-intensive, and a lack of research and clinical experts creates challenges for the major key players in the Glycoprotein Market.
Globally, the Glycoprotein Market was valued between USD 123.5 and 134.8 per unit in 2020. The price of N-linked fluctuated from USD 118.8 to 127.6 per unit that same year. By 2028, the glycoprotein's value is predicted to gradually climb, with a potential of USD 131.8 to 142.6 per unit. This price shift is projected to be driven by raw material supply and pricing, as well as increased demand, which is predicted to increase considerably throughout the projected period.
According to the reports, the Glycoprotein Market is segmented on the basis of product type, application, and regions. On the basis of product type, the global market is further distributed into N-linked and O-linked. The N-linked segment is among the most rapidly developing product types. This is due mostly to its intrinsic and extrinsic roles. It aids in determining the cell's migratory pattern. The O-linked category had a total market share of more than 50% in 2019 and is likely to continue to control the market during the projected period. O-linking has a greater impact on protein function and protein activity regulation.
On the basis of application, the Glycoprotein Market is further distributed into hospitals, research institutes, and others. The hospital segment is predicted to be the fastest emerging segment and will gain market share over the projection period. This segment is predicted to grow in the next years due to the rising use of glycoprotein. Due to its substantial use in pharmaceuticals and immunity-boosting systems, the hospital sector owned a share of more than 40% in 2019 and is likely to control the market over the projected period. The fastest expanding application segment for glycoprotein is projected to be research institutes. The global epidemic of covid-19 has stimulated research across numerous organizations while balancing its benefits and drawbacks. the other segment has the food industry and pharmaceuticals.
According to the reports, on the basis of region, the Glycoprotein Market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. One of the primary factors driving the growth of the North American market is advancements in pharmaceutical and medical research activities in the area. During the projected period, North America is estimated to have the greatest market share of more than 40%. During the projection period, the European market is predicted to be the fastest expanding. The recent construction of research organizations and healthcare centers is projected to strengthen the region's economy.
In the approaching years, the Asia Pacific region is predicted to have a high consumption level. However, the market in this area has exhibited consistent growth in the past, and this is projected to continue over the projection period. The Latin American region has a relatively modest but quickly increasing pharmaceutical industry is likely to drive market growth in the Glycoprotein Market. Due to the Middle East & Africa region's huge investment and manufacturing potential, this area has invested in its medical and pharmaceuticals sectors over the years which is likely to boost the demand for the glycoprotein function in this region.
The following report comprises of –
The Glycoprotein Market is segmented on the basis of the product type, application, and regions. The Glycoprotein Market is expected to witness decent growth during the forecast period.
Based on the Types, the Glycoprotein Market is segmented into N-linked and O-linked.
Based on the Application, the Glycoprotein Market is segmented into hospitals, research institutes, and others.
|Market Size||USD 530 million|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Product Type, Application, Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product Type, Application, Region|
|Geographies Covered||North America, Europe, Asia-Pacific, Latin America, Middle East & Africa|
|Key Vendors||Sigma, Creative Diagnostics, R&D Systems, Enzo Life Sciences, Thermo Fisher Scientific, Epitope Diagnostics, Creative Biolabs, BD Biosciences, Shanghai Korain Biotech Co.|
|Key Market Opportunities||Glycoprotein analysis has drawn significant R&D expenditures, as well as subsidies and reimbursements for glycoprotein-related antibody mutations and related pathway targeting,|
|Key Market Drivers||High demand for glycoprotein across the pharmaceutical industry.|
Frequently Asked Questions (FAQ) :
Glycoprotein Market is predicted to grow at 2.6% through forecast period of 2020-2028.
The forecast period for Glycoprotein Market research report is 2020-2027.
Global Glycoprotein Market is dominated by APAC region.