About Horseradish Peroxidase
Horseradish Peroxidase (HRP) is an enzyme that is found in the roots of horseradish. Horseradish Peroxidase is used extensively for application in biochemistry. Horseradish Peroxidase is often used in conjugates which are the molecules that have been joined chemically to determine the presence of a molecular target. It is also commonly used in techniques like ELISA and IHC because of its monomeric nature and how easily it produces colored products. Horseradish Peroxidase also might be used to detect the amount of specific protein in western blot which is used in biotechnology. Due to its smaller, more stable, and less expensive nature, Horseradish Peroxidase is used in many applications. Horseradish peroxidase is also used to remove hydroxylated aromatic compounds from the removal of industrial wastewater.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.4% |
With increasing applications of biotechnology in pharmaceuticals, medicines, and research the demand for Horseradish Peroxidase is increasing as it an important ingredient in assays. The market for Horseradish Peroxidase is fragment however not many firms have managed to make their name as a reputed manufacturer. R&D is important in this market and high expertise is required to operate in this market. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Horseradish Peroxidase market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Abcam plc (United States), Thermo Fisher Scientific, Inc. (United States), Bio-Rad Laboratories (United States), Merck KGaA, (United States), BBI Solutions (United States), Takara Bio Company (Japan), Promega Corporation (United States), Faizyme Laboratories (United States), F. Hoffmann-La Roche Ltd. (Switzerland) and TOYOBO Co., Ltd. (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Horseradish Peroxidase market by Type (Grade I, Grade II and Grade III), Application (Biotechnology, Pharmaceutical Companies, Research Institutes and Other) and Region.
On the basis of geography, the market of Horseradish Peroxidase 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). If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Horseradish Peroxidase market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand of Horseradish Peroxidase in Techniques Like ELISA And IHC and Increasing Demand of Horseradish Peroxidase in Immunochemistry
Market Growth Drivers:
Increasing Demand for Biotechnology in Industrial Applications and Need in the Removal of Pollutants From Water
Challenges:
Horseradish Peroxidase May Result in Non-Specific Staining in Certain Tissues or Cells and Horseradish Peroxidase Is Sensitive to Breakdown
Restraints:
Horseradish Peroxidase Has Low Tolerance Towards Preservatives
Opportunities:
Increasing Demand of Horseradish Peroxidase Due to Increasing Applications of Biotechnology and Growing Demand of Horseradish Peroxidase from Developing Economies
Market Leaders and their expansionary development strategies
In June 2022, Creative Enzymes launched Horseradish Peroxidase for research & industrial production.
On 4th March 2021, Abcam, a leader in the production of Horseradish Peroxidase and global innovator in life science reagents and tools announced the expansion of its footprint in China with the opening of new custom-built facilities in Hangzhou and Shanghai. According to Abcam; expanded customer service, logistics, and manufacturing capabilities are strengthening Abcam’s position as a leading collaborator for academia and industry in the region.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Horseradish Peroxidase Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.