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Specialty Enzymes Market will Generate $947.5 Million By 2020

December 20th, 2018 Allied Market Research Releases

Market players have adopted acquisition and new product launches as their key strategies for extending the manufacturing capacity, grow their market presence, and acquire additional market share. Key market players analyzed in the report include

  • Novozymes
  • Roche Holdings AG
  • DuPont
  • Life technologies
  • BASF
  • Affymetrix Inc.
  • Advance enzyme Technologies Ltd.
  • Codexis Inc.

Allied Market Research published a new report, titled, “Specialty Enzymes Market – Global Opportunity Analysis and Industry Forecast, 2014–2020.” The research states that the global specialty enzymes market would reach $947.5 million by 2020, growing at a CAGR of 9.4% during the forecast period, 2015–2020. The pharmaceuticals application segment contributed to nearly half of the total market share in 2014. The Asia Pacific is expected to grow at the fastest rate with a CAGR of 11.7% during the forecast period.

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.

 Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/703

They have implemented different strategies such as collaborations, partnerships, agreements, and others to gain the strong position in the industry.

Key findings of Specialty Enzymes Market:

  • Pharmaceutical application segment is expected to register the fastest CAGR of 9.7% during the forecast period.
  • Proteases enzyme would be a lucrative segment in the market by 2020.
  • Animal derived enzymes would register the significant growth rate during the forecast period.
  • North America and Europe together contributed to nearly two-thirds of the global specialty enzymes market in 2014 and will maintain its leadership status throughout the analysis period.

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.

Scope of the Report:

Report Attribute Details
Market size available for years 2014 – 2020
Base year considered 2015
Forecast period 2014 – 2020
Forecast units Value (USD)
Segments covered By Types, By Application, By Source, By Geography
Geographies covered North America, Europe, Asia-Pacific, LAMEA

About Us

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.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
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Web: https://www.alliedmarketresearch.com
Life Science Market: https://www.alliedmarketresearch.com/reports-store/life-sciences
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

Related Reports:

Audiology Devices Market – Opportunities and Forecasts, 2020-2027

Microbiome Therapeutics Market – Opportunities and Forecasts, 2020-2027

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