Glycoprotein Market Report Size, Price Trend, Global Share, Top Industry Leaders, Growth Opportunity, Development and Regional Analysis 2027
Market Synopsis
According to the MRFR analysis, the global Glycoprotein Market size was valued at
around USD 350 million in 2020 and is expected to reach over USD 500 million by
the end of 2028 at a CAGR of 2.6%.
The growth in the usage of glycoprotein is
attributed to the continuous use of these in the medical and pharmaceutical
industries as they play an important role in physiological events such as
cell-cell recognition, signal transduction, inflammation, and
tumorigenesis.Furthermore, the increasing application of glycoprotein for
research institutes is expected to further fuel the growth of glycoprotein
market during the forecast period.
Segmentation
By Product Type
- N-linked: The N-linked segment is
expected to be the fastest growing segmentdue to the increasing demand
from the research and medical sectors in the coming years. They provide
structural components to the cell wall and extracellular matrix, modify
protein properties such as stability and solubility, and mediate cell
signaling. Therefore, the N-linked market is expected to gain major
traction for the global market in the forecast period.
- O-Linked: The O-linked segment
held the largest market share of over 50% in 2020and is expected to
dominate the market during the forecast period. This is attributed to the
increasing demand for various pharmaceutical applications; for instance,
it improves immune response, protects against invading microbes, and
facilitates fertilization. Thus, these applications are expected to enable
the segment to capture a major market share during the forecast period.
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By Application
- Hospital: This segment is
expected to dominate the market throughout the forecast period. The
application of glycoprotein in medical has helped the manufacturers to
make large production over the last couple of years. This segment due to
covid-19 is expected to have even more share than the historic period.
- Research Institutes: This is the
fastest growing segment owing to theincreasingfocus of research institutes
on creating better binders and protein activity; this is expected to
propel the growth of glycoprotein market during the review period.
- Others: The others segment
include pharmaceuticals and food industry.
By Region
- North America: The largest and
fastest-growing regional market.
- Europe: A well-established
medical and pharmaceuticalmarket.
- Asia-Pacific: Market growth is
driven by the demand from medical and research industry.
- Latin America: Rapid growth
ofpharmaceutical manufacturing plants is fueling the demand for
glycoprotein in Latin America.
- Middle East & Africa: Growing
demand from the medical industriesand investment in pharmaceutical
development of the region is fueling the demand of the glycoprotein in the
region.
Pricing Analysis
In 2020, glycoprotein was priced around USD 123.5 to
134.8 per unit across the globe. In the same year, the price of N-linked varied
from USD 118.8 to 127.6 per unit. The price ofglycoprotein is expected to
witness a gradual rise with a range from USD 131.8 to 142.6per unit by2028.
This change in price is expected to be influenced by the availability and
pricing of raw materials and growing demand, which is expected to stream-up
during the forecast period.
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