According to the report published by Zion Market Research, global diagnostic specialty enzyme market was valued at approximately USD 780 Million in 2019, and is expected to generate revenue of around USD 1,240 Million by end of 2026, growing at a CAGR of around 8% between 2020 and 2026. Rise in occurrence of infectious, chronic, and lifestyle diseases along with rise in biotech & diagnostic applications are expected to power the development of the global diagnostic specialty enzymes market. The global market is boosted by increment in investments, rise in elderly population in the developed nations, and instant & early diagnosis. On the other hand, lack of user adoption & education, and technically niche and complex nature are the major limitations of the global market for diagnostic specialty enzymes.
Major players active in the global diagnostic specialty enzymes market are Codexis, Inc., BBI Solutions, F. Hoffmann-La Roche Ltd., and Novozymes A/S. These players are using enhanced methods in growth of diagnostic specialty enzymes to strengthen geographical reach, branch out product offerings, garner market share, and increase customer base.
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Polymerases & Nucleases Category To Dominate The Global Diagnostic Specialty Enzymes Market
The report provides detailed categorization of the global market for diagnostic specialty enzymes on the basis of application and product. Based on product, the market has been divided into carbohydrates, polymerases & nucleases, oxidases, lipase, protease, and others. The polymerases and nucleases category is expected to add up for the major share during the forecast period of the global market. Bigger share of the category is credited to elevate employment of nuclease and polymerase enzymes in enhanced biotech applications such as DNA amplification and DNA sequencing. The polymerase & nuclease section is expected to grow at a max development rate during the forecast period in terms of income due to continuous innovation in products by key players.
Europe And North America Predicted To Rule The Global Market For Diagnostic Specialty Enzymes In The Coming Years
Europe and North America are expected to power the global market for diagnostic specialty enzymes in the coming years due to rise in manufacturer aim for expansion of business in these areas. Companies are incessantly designing enhanced goods for diagnostic specialty enzymes and making an entry into distribution deals to make their presence stronger in Europe and North America. Rapidly increasing biotechnology sector, increasing adoption of various tactics aiming at niche areas, and elevated disease prevalence are some factors elevating the requirement for diagnostic specialty enzymes goods.
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The global diagnostic specialty enzymes market is segmented as follows:
- Biotechnology R&D
- Restriction enzymes
- North America
- The U.S.
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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