Trypsin is an enzyme that aids with digestion. It is found in the small intestine, produced by the pancreas. It is also called as proteinase or proteolytic enzyme. Trypsin is a serine protease of the digestive system produced in the pancreas as an inactive precursor, trypsinogen. Trypsin along with other two proteinases chymotrypsin and pepsin breaks down the dietary protein into peptides and amino acids. Trypsin is given to patients who lack the digestive enzymes required.
The global trypsin market is estimated to be valued at US$ 42.95 million in 2021 and expected to exhibit a CAGR of 4.3% during the forecast period (2022-2028).
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Frequent product launches by market players are expected to augment the growth of the global trypsin market. For instance, in May 2017, Merck KGaA launched advanced proteomics grade SOLu-Trypsin, a solution-stable enzyme for mass spectrometry.
Moreover, increasing use of trypsin to treat common cold is expected to boost the growth of the global trypsin market. Players in the market are focusing on developing trypsin (ColdZyme) to protect against common colds and COVID-19. For instance, according to an article published in May 2021 in International Environmental Research and Public Health, ColdZyme, an oral spray, developed by Enzymatics Inc., inactivates the SARS-CoV-2 and human coronavirus, as well as influenza, adenovirus, rhinovirus, and respiratory syncytial virus (RSV).
Trypsin’s autolysis property and incomplete digestion of trypsin are major factors expected to hamper the growth of the global trypsin market. Since trypsin is a protein, it can undergo auto-digestion or autolysis, process of destruction of cells by their own enzymatic action. Moreover, there is a chance that the trypsin will not be completely digested.
Since the outbreak of the COVID-19 in December 2019, the disease has spread to more than 100 countries worldwide and the World Health Organization (WHO) has declared it a public health emergency on January 30, 2020.
The pandemic could affect the global economy in three main ways, such as by directly affecting production, by creating supply chain disruption, and by impacting firms and financial markets. Countries, such as India, China, Egypt, UAE, Saudi Arabia, and others, are facing problems regarding transportation of medicines from one place to another due to nationwide lockdowns imposed by several governments to curb the spread of the virus.
Moreover, market players are facing several challenges, such as disruption in the production and demand, supply chain disruption, and travel restrictions or irregularities in transportation, due to the pandemic, restraining the market growth.
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Major players involved in the global trypsin market are Merck KgaA, Promega Corporation, Geno Technology Inc., USA, SignalChem Biotech Inc., Thermo Fisher Scientific Inc., Takara Bio Inc., ProteoChem, Creative Enzymes, Waters Corporation, Bovogen Biologicals Pty Ltd., Bioseutica, and BBI Solutions, among others.
The following are the study objectives for this report:
✔SWOT Analysis focuses on worldwide main manufacturers to define, assess, and analyse market competition. By kind, application, and region, the market is defined, described, and forecasted.
✔Examine the global and main regional market potential and advantage, opportunity and challenge, constraints and risks.
✔Determine whether trends and factors are driving or limiting market growth.
✔By identifying high-growth categories, stakeholders would be able to analyse market potential.
✔Conduct a strategic study of each submarket’s growth trends and market contribution.
✔Expansions, agreements, new product launches, and acquisitions in the market are all examples of competitive developments.
✔To create a strategic profile of the main players and analyse their growth plans in depth.
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Table of Contents with Major Points:
1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2022-2028 (USD Billion)
1.2.1. Trypsin Market, by Region, 2022-2028 (USD Billion)
1.2.2. Trypsin Market, by Type, 2022-2028 (USD Billion)
1.2.3. Trypsin Market, by Application, 2022-2028 (USD Billion)
1.2.4. Trypsin Market, by Verticles, 2022-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
2. Global Trypsin Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
3. Global Trypsin Market Dynamics
3.1. Trypsin Market Impact Analysis (2022-2028)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
4. Global Trypsin Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2022-2028)
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
5. Global Trypsin Market, by Type
5.1. Market Snapshot
5.2. Global Trypsin Market by Type, Performance – Potential Analysis
5.3. Global Trypsin Market Estimates & Forecasts by Type 2022-2028 (USD Billion)
5.4. Trypsin Market, Sub Segment Analysis
6. Global Trypsin Market, by Application
6.1. Market Snapshot
6.2. Global Trypsin Market by Application, Performance – Potential Analysis
6.3. Global Trypsin Market Estimates & Forecasts by Application 2022-2028 (USD Billion)
6.4. Trypsin Market, Sub Segment Analysis
7. Global Trypsin Market, by Verticles
7.1. Market Snapshot
7.2. Global Trypsin Market by Verticles, Performance – Potential Analysis
7.3. Global Trypsin Market Estimates & Forecasts by Verticles 2022-2028 (USD Billion)
7.4. Trypsin Market, Sub Segment Analysis
8. Global Trypsin Market, Regional Analysis
8.1. Trypsin Market, Regional Market Snapshot
8.2. North America Trypsin Market
8.3. Europe Trypsin Market Snapshot
8.4. Asia-Pacific Trypsin Market Snapshot
8.5. Latin America Trypsin Market Snapshot
8.6. Rest of The World Trypsin Market
9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
220.127.116.11. Key InDurationation
18.104.22.168. Financial (Subject to Data Availability)
22.214.171.124. Product Summary
126.96.36.199. Recent Developments
10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.3. Market Estimation
10.2. Research Attributes
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