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North America is anticipated to represent a significant share in the overall market of glycomics over the forecast period. This can be ascribed to a large percentage of biotechnology and pharmaceutical companies in the US, huge investments into research and drug development (R&D) projects, and the growth of the healthcare sector in the region. In addition to this, the market in the region is also expected to flourish with the rising number of collaborations between private research institutes and established pharma companies for drug development. Apart from this, the Asia Pacific region is expected to witness a robust growth rate during the forecast period owing to the development of healthcare infrastructure of major countries aided by government funding and the establishment of global pharmaceutical and research companies in the untapped markets. The market growth can be further associated with the expansion strategies employed by leading market players such as Merck KGaA (ETR: MRK) and Agilent Technologies, Inc (NYSE: A), among others.
New England Biolabs, Genos, and Waters Corporation announced a collaboration to accelerate glycomics research by providing goods and services important for glycan analysis in June 2019. Launched in October 2018, Human Glycome Project is a global initiative to evaluate the structure and function of human glycans. The agreement between the three institutes was aimed at enabling the analysis of glycans in 10,000 human samples per year for which Waters and NEB provided reagents and consumables, while Genos carried out the analysis. The study was aimed at researching the potential benefits of glycans for the treatment of various diseases. Such developments have been expanding the growth of the market.
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The major players in the global glycomics market are Merck KGaA, Thermo Fisher Scientific Inc., Shimadzu Corporation, Agilent Technologies, Inc., and Takara Bio Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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