Specialty Enzymes Market 2021 Global Size, Share, Industry Growth, Trends, Opportunity Analysis and Industry Forecast - 2027 | Novozymes, DuPont, F. Hoffmann-La Roche AG, BASF, Life technologies

Specialty Enzymes Market Outlook - 2027

Allied Market Research published a new report, titled, the global specialty enzymes market is expected to register a CAGR of 9.4% during 2015-2027. 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 (2015-2027).

Specialty enzymes have experienced an upsurge in demand in medical applications including biotechnology research, pharmaceutical, and diagnostics. The rise in prominence of specialty enzymes in therapies of chronic diseases including cancer, cardiovascular diseases, and inflammatory disorders drive the market growth. However, issues related to safety due to vulnerability of enzymes due to contamination restrain the overall growth in the market. On the other hand, rise in awareness regarding enzyme-based therapeutics for the Asia Pacific and LAMEA region would create new opportunities for the market growth.

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Key findings of the study:

Pharmaceutical application segment is projected to register a CAGR of 9.7%, fastest among all application types

Proteases enzyme would emerge as one of the most lucrative segments in the global specialty enzyme market by 2020

Animal derived enzymes is projected to grow at a significant rate in global specialty enzyme source market

North America and Europe collectively accounted for around 2/3rd of the global pharmaceutical specialty enzymes market in 2014, and are expected to maintain their lead throughout the analysis period

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.

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Increase in geriatric population in developed countries of North America and Europe created an increased demand for therapeutic enzymes. Moreover, acceptance of advanced enzymes including immobilized enzymes has been growing owing to rise in healthcare expenditure. This had contributed to the dominance of North America, followed by Europe. However, Asia-Pacific would contribute the highest growth in the future, owing to the rise in per capita healthcare expenditure, surge in awareness regarding enzyme therapy, and ever-expanding 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.

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