- Specialty enzymes are proteins that function as biocatalysts to promote processes and produce the desired effects in drug and diagnostic reactions.
- Specialty enzymes can be used to slice, duplicate and add DNA when required in genetic engineering techniques.
- North America is the largest market with demand for specialty enzymes.
Growing use of enzymes in the treatment of chronic diseases, increasing demand for active therapeutics and rising incidences of digestive enzyme disorders are some of the key factors driving the growth of the specialty enzymes market in pharmaceuticals, biotechnological science and diagnostics.
The specialty enzymes market is expected to gain market growth in the forecast period of 2020 to 2027. Data bridge market research analysed the market to account to $5.89 billion by 2027 growing with a CAGR of 9.36% in the above-mentioned forecast period.
The major players covered in specialty enzymes market report are Thermo Fisher Scientific Inc., BBI Solutions., NAGASE & CO., LTD., Advanced Enzyme Technologies., F. Hoffmann-La Roche Ltd, Sanofi, Codexis Inc., Amano Enzyme Inc., BASF SE, Koninklijke DSM N.V., DuPont., AB Enzymes, Novozymes, Chr. Hansen Holding A/S, The Soufflet Group, Shandong Longda Bio-Products Co. Ltd., Specialty Enzymes & Probiotics., Biovet Private Limited., Aum Enzymes, Ultra Bio-Logics Inc., Advanced Enzyme Technologies among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific, Middle East & Africa and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
The growth of the specialty enzymes market will be driven by increasing aging population, vigorous developments within the biotech field improve competition for enzymes, innovation in protein technology & in experienced chemistry.
Specialty enzymes are proteins that function as biocatalysts to promote processes and produce the desired effects in drug and diagnostic reactions. Specialty enzymes play a significant role in drug development and drug delivery in the pharmaceutical industry. Pharmaceutical products dependent on enzymes are used to cure chronic conditions including cancer and AIDS. In science, particular in molecular biology, specialty enzymes have been commonly used in the biotechnology industry. These are also used to slice, duplicate and add DNA when required in genetic engineering techniques. The treatment of diseases including cancer, cardiovascular diseases and lysosomal abnormalities requires advanced enzymes.
This specialty enzymes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Data Bridge Market Research specialty enzymes market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The specialty enzymes market is segmented on the basis of application, source, and type. The growth among these segments will help you analyse meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
Based on application, the specialty enzymes market consists of pharmaceutical, biotechnology R&D, diagnostic, and bio-catalyst.
In May 2019, DuPont Nutrition & Biosciences (DuPont) has announced the launch of its industry-leading range of bio-based enzymes for medical device cleaning applications. The release extension of the enzyme range offers a better, more effective and safer bio based solution to detergent manufacturers supplying the medical device cleaning industry.
On the basis of source, the specialty enzymes market is segmented into microorganisms, plants, animals
On the basis of type, the specialty enzymes market has been segmented as acylases, hydratases, humulin, oxidase, lyases, restriction enzymes, ligases, polymerases, lipases, amylases, proteases, dehydrogenases, glucouronidse, others
Country Level Analysis
Specialty enzymes market is analysed and market size information is provided by country application, source, and type as referenced above.
The countries covered in the specialty enzymes market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific in the Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa as a part of Middle East & Africa, Brazil, Argentina and Rest of South America as part of South America.
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North America is the largest market with demand for specialty enzymes, and the U.S. holding a major market share. Growing concerns about health care and cosmetics are leading to the demand for pharmaceuticals in drugs and cosmetics. North America is one of the main markets in the use of medicinal enzymes. The market for specialized enzymes has increased in recent years due to the introduction of new drugs used in enzyme replacement therapy.
The country section of the specialty enzymes market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
Specialty enzymes market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for specialty enzymes market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the specialty enzymes market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Specialty Enzymes Market Share Analysis
Specialty enzymes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to specialty enzymes market.