Diagnostic Specialty Enzymes Market Scope
Specialty enzymes play an important role in the process of diagnosis of diseases such as cancer, lysosomal disorders, and cardiovascular diseases. These specialty enzymes that are necessary for the diagnostics have to be of the highest purity and also in small quantity, which further results towards high costs and less adoption of the diagnostic enzymes. With the ongoing demographic shift towards older masses in the developed regions would also support the higher diagnostic specialty enzymes demand. The research and biotechnology will also continue to gain advantage from the vigorous investment in the biotechnology sector which are seen at the corporate and national levels. The growing economies and rising disposable incomes have also boosted the demand for much-improved health care. The usage of these specialty enzymes would continue to grow at a much faster rate than the industrial enzymes. Also, the diagnostic, research and biotechnology enzymes would achieve the firmest gains as advances in diagnostic tests. This would further lead to an expansion in the testing for various agricultural, medical applications, food, and also the large pharmaceutical companies that have continued to boost the research and development spending on the biologics so as to expand the new drug channels.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | BASF (Germany), Novozymes (Denmark), Roche Holding (Switzerland), DuPont (United States), Roche Holding AG (Switzerland), Codexis Inc. (United States), Dyadic International (United States), Amano Enzymes (Japan), Sanofi (France), Biocatalysts (United Kingdom), Life Technologies (United States), Advance Enzyme Technologies Ltd (India), Affymetrix, Inc. (United States), Enzyme Supplies (United Kingdom), BBI Solutions (United Kingdom), Specialty Enzymes & Probiotics (United States), Amicogen (South Korea), Antozyme Biotech (India) and Enzyme Development Corporation (United States) |
CAGR | 6.9% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that European Players will contribute to the maximum growth of Global Diagnostic Specialty Enzymes market throughout the predicted period.
BASF (Germany), Novozymes (Denmark), Roche Holding (Switzerland), DuPont (United States), Roche Holding AG (Switzerland), Codexis Inc. (United States), Dyadic International (United States), Amano Enzymes (Japan), Sanofi (France), Biocatalysts (United Kingdom), Life Technologies (United States), Advance Enzyme Technologies Ltd (India), Affymetrix, Inc. (United States), Enzyme Supplies (United Kingdom), BBI Solutions (United Kingdom), Specialty Enzymes & Probiotics (United States), Amicogen (South Korea), Antozyme Biotech (India) and Enzyme Development Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Nagase & Co. Ltd. (Japan), Sekisui Diagnostics (United States), Merck (Germany), Biovet (Bulgaria) and Biotec Pharmacon.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Diagnostic Specialty Enzymes market by Type , by Application (Food and Beverages, Household Care, Bioenergy, Pharmaceutical and Biotechnology, Feed and Others) and Region with country level break-up.
On the basis of geography, the market of Diagnostic Specialty Enzymes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In May 2019, Codexis, Inc. a leading protein engineering company, had acquired Novartis. The acquisition expand the portfolio of company.
In December 2022, Ginkgo Bioworks which is building the leading platform for cell programming and biosecurity,has launched of Ginkgo Enzyme Services. Ginkgo Enzyme Services is powered by ultra high throughput screening and machine learning-guided protein design, as well as optimized proprietary bacterial and fungal host strains., In February 2019, the subsidiary of Biotec Pharmacon called ArcticZymes launched its first ligase enzyme called the T4 DNA ligase, the most widely used enzyme in the ligase family. and DuPont Nutrition & Biosciences launched its industry-leading OPTIMISE portfolio. This portfolio contains bio-based enzymes, which will be used for the cleaning of medical instruments.
Influencing Trend:
Increasing Utilization of Diagnostic Specialty Enzymes in Biofuels and Pulp & Paper Industry and Rising Trend of Enzymes in Engineering
Market Growth Drivers:
Rising Number for Patient Suffering From Chronic Diseases, Rising in Prevalence of Digestive Disorders, Increasing Demand for Biofuels and Rising Demand for Effective Diagnostic Specialty Enzymes Based Pharmaceuticals
Challenges:
Safety and Handling Issues Associated to Specialty Enzymes
Restraints:
Problems Associated with the Chemical and Physical Properties of Specialty Enzymes
Opportunities:
Increasing Utilization of Specialty Enzymes in Protein Engineering and Changing Life Style and Rising Health Awareness across Globe
Key Target Audience
Providers of Diagnostic Specialty Enzymes, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others