Lucintel Forecasts Diagnostic Specialty Enzyme Market to Grow at a CAGR of 7%-9%

According to the recent study the diagnostic specialty enzyme market is projected to grow at a CAGR of 7%-9% from 2020 to 2025. Growth in this market is primarily driven by increase in the use of enzymes in biotech & diagnostic applications; a surge in investment; rise in prevalence of chronic, infectious, and lifestyle diseases; and early and instant diagnosis of life threatening diseases.

Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in diagnostic specialty enzyme market by product (protease, carbohydrase’s, polymerases and nucleases, and lipase), source (microorganisms, plants, and animals), application (pharmaceuticals, research & biotechnology, diagnostics, and biocatalysts), form (liquid and dry), and region (North America, Europe, Asia Pacific, and Rest of the World).

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“Polymerases and nucleases market is expected to remain the largest segment during the forecast period.”      

Based on product, the diagnostic specialty enzyme market is segmented into protease, carbohydrases, polymerases and nucleases, and lipase. Lucintel forecasts that the polymerases and nucleases market is expected to remain the largest segment during the forecast period due to rise in the usage of polymerase and nuclease enzymes in advanced biotech applications, such as DNA sequencing and DNA amplification.  

“Within the diagnostic specialty enzyme market, the pharmaceuticals segment is expected to remain the largest application.”  

Based on application, the pharmaceuticals segment is expected to witness the largest segment over the forecast period due to increasing incorporation of enzymes in therapies for diseases, such as cancer, cardiovascular diseases, lysosomal storage disorders, and pain and inflammation management.    

“North America will dominate the diagnostic specialty enzyme market in near future.”

North America is expected to be the largest region over the forecast period due to the increase in adoption of new biotechnology technologies, such as next generation sequencing, and significant research spending in overall national budgets.

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Major players of diagnostic specialty enzyme market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. F. Hoffmann-La Roche, Novozymes, Codexis, Amano Enzyme, Advanced Enzyme Technologies, Affymetrix, DuPont, BASF, Life technologies, and Sanofi are among the major diagnostic specialty enzyme providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/diagnostic-specialty-enzyme-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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