Specialty Enzymes Market Actionable Insights into the Consistent Growth Patterns Exhibited by the Industry with Key Players: Novozymes, DuPont, F. Hoffmann-La Roche AG, BASF and More
According to a new report by Allied Market Research titled, "Specialty Enzymes Market -Global Opportunity Analysis and Industry Forecast, 2014 - 2020", the global specialty enzymes market is expected to register a CAGR of 9.4% during 2015-2020. The pharmaceuticals application segment accounted for about half of the overall market share in 2014. The Asia Pacific market would exhibit the highest CAGR of 11.7% during the forecast period (2015-2020).
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Rise in ageing population in developed economies such as North America and Europe, leads to an increased demand for therapeutic enzymes.
Furthermore, adoption of advanced enzymes such as immobilized enzymes is increasing chiefly due to high healthcare expenditure. This had led to the dominance of North America in global specialty enzymes market closely followed by Europe. However, Asia-Pacific region exhibits the highest growth potential in future, due to the increasing per capita healthcare expenditure, increasing awareness about enzyme therapy and rapidly increasing pharmaceutical manufacturing base.
Companies are adopting acquisition and product launch as few of their key strategies to increase the manufacturing capacity, expand their market presence and gain additional market share. Key companies profiled in the report are Novozymes, DuPont, Roche Holdings AG, BASF, Life technologies, Advance enzyme Technologies Ltd, Affymetrix Inc, and Codexis Inc.
Specialty enzymes are proteins that act as biocatalysts to accelerate chemical reactions and produce the desired results. Owing to low consumption and high degree of specificity, specialty enzymes are witnessing spurring demand in medical applications such as pharmaceutical, biotechnology research and diagnostics.
The growing popularity of specialty enzymes in therapies for chronic diseases such as cancer, cardiovascular diseases, pain and inflammatory disorders among others is the vital force fueling the market growth. In addition, growing awareness about enzyme-based therapeutics in the Asia Pacific and LAMEA region would further boost the market growth. However, safety concerns due to high vulnerability of enzymes towards contamination, would limit the overall market growth.
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Key Market Benefits:
• The report provides a quantitative analysis of the current market estimations during the period of 2014 - 2020, which would enable the stakeholders to capitalize on prevailing market opportunities
• Extensive analysis of the global specialty enzymes market by type helps in understanding the types of enzymes that are currently used along with the variants that would gain prominence in future
• Competitive intelligence highlights the business practices followed by leading market players across various geographies
• Comprehensive analysis of factors that drive and restrict the growth of the global specialty enzymes market has been provided
• SWOT analysis highlights the internal environment of leading companies for effective strategy formulation
• The specialty enzymes market scenario has been comprehensively analyzed in accordance to the key regions
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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