Horseradish Peroxidase Market : Technological Growth Map with an Impact-Analysis

Horseradish Peroxidase Market: Introduction

According to the report, the global horseradish peroxidase market was valued at ~US$ 49 Mn in 2019 and is projected to expand at a CAGR of ~7% from 2020 to 2030. Horseradish peroxidase (HRP) is a well-known and commercially available enzyme. Its substrates are used in immunostaining and immunodetection of specific proteins and antigens. HRP is a widely used label, often conjugated to secondary antibodies in immunochemical applications such as immunohistochemistry, western blotting, and ELISA. North America dominated the global horseradish peroxidase market in 2019. The trend is anticipated to continue during the forecast period. Rise in research & development activities in the healthcare industry increases the demand for horseradish peroxidase. This is expected to drive the market in the region.

Request a PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=45045

Surge in Usage of Enzymes as Biocatalysts to Drive Horseradish Peroxidase Market

Horseradish peroxidase (HRP) has the ability to catalyze the transfer of two electrons from a substrate to hydrogen peroxide to generate water and an oxidized substrate. Furthermore, HRP-catalyzed reactions of biocatalytical interest include oxidative dehydrogenation, sulfoxidation, and nitrogen oxidation. Hence, biocatalysts such as horseradish peroxidase are utilized in the production of pharmaceuticals and other fine chemicals, which, in turn, fuel the demand for horseradish peroxidase.

TMB (3,3', 5,5”-tetramethylbenzidine) Segment to Dominate Global Market

In terms of substrate, the global horseradish peroxidase market has been classified into ABTS (2,2'-Azinobis [3- ethylbenzothiazoline-6-sulfonic acid]-diammonium salt), OPD (ophenylenediamine dihydrochloride), TMB (3,3',5,5'-tetramethylbenzidine), and others. TMB (3,3', 5,5”-tetramethylbenzidine) is highly sensitive and is often produced to detect signal quickly in ELISA, which helps to identify components such as proteins in the sample quickly. Moreover, it oxidizes rapidly compared to other substrates, resulting in faster color development. This drives the demand for the substrate.

Request a Sample of Horseradish Peroxidase Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=45045

Grade I to be Highly Attractive

Based on grade, the global horseradish peroxidase market has been categorized into grade I, grade II, and grade III. The grade I segment held a major share of the global market in 2019, as biopharmaceutical companies prefer to use high efficiency and good stability grade to conduct research.

Biopharmaceutical Companies to be Highly Lucrative

In terms of end user, the global horseradish peroxidase market has been divided into biopharmaceutical companies, academic & research institutes, and others. Research with horseradish peroxidase is increasing in the biopharmaceutical industry. In combination with a plant hormone, HRP can be utilized in specific enzyme-prodrug therapies. Moreover, rise in research & development activities of biopharmaceutical companies is likely to drive the demand for horseradish peroxidase in the biopharmaceutical companies segment.

Request for Analysis of COVID19 Impact on Horseradish Peroxidase Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=45045

North America to Dominate Horseradish Peroxidase Market

In terms of region, the global horseradish peroxidase market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global horseradish peroxidase market in 2019, followed by Europe. North America accounted for a major share of the global horseradish peroxidase market in 2019, primarily due to significant ongoing research & development activities of biopharmaceutical companies, increase in clinical R&D budget to develop new diagnostic tests, and expansion of laboratory test portfolio can be attributed to the region’s dominance.

Purchase Horseradish Peroxidase MarketReport - https://www.transparencymarketresearch.com/checkout.php?rep_id=45045<ype=S

Competition Landscape of Horseradish Peroxidase Market

The global horseradish peroxidase market is fragmented in terms of number of players. Key players in the global horseradish peroxidase market include Abcam plc, Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Merck KGaA, BBI Solutions, Takara Bio Company, Promega Corporation, Faizyme Laboratories, F. Hoffmann-La Roche Ltd., TOYOBO Co., Ltd., Oriental Yeast Co., Ltd., and GenScript.

Read More Reports: https://www.prnewswire.com/news-releases/global-surgical-microscopes-market-to-exhibit-promising-cagr-of-10-for-2019-2027-increased-investments-for-medical-and-healthcare-research-to-fuel-market-growth-observes-tmr-301007369.html

Contact

Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com/

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants, uses proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.