The global healthcare specialty enzymes market is segmented on the basis of product, source and application. Based on product, the healthcare specialty enzymes market is segmented as carbohydrases, proteases, polymerases & nucleases, lipases, and others. Based on source, the healthcare specialty enzymes market is segmented as microorganisms, plants and animals. On the basis of application the healthcare specialty enzymes market is segmented as pharmaceuticals, research & biotechnology, diagnostic, and others.
Companies Involved in Healthcare Specialty Enzymes Study:
1. BASF SE
2. Amano Enzyme Inc.
5. Thermo Fisher Scientific Inc.
6. Advanced Enzyme Technologies
8. F. Hoffmann-La Roche Ltd.
9. Sekisui Diagnostics
10. Merck & Co., Inc.
Enzymes are biocatalysts and specific for accelerating various types of chemical reactions without undergoing self-changes. The enzymes are currently employed in various applications in DNA manipulation, research and biotechnology, etc. The specialty enzymes are used for distinct purposes in low volume and high value added applications. Enzyme based pharmaceutical drug formulations are used for the treatment of chronic conditions such as cancer and AIDS.
The healthcare specialty enzymes market is anticipated to grow in the forecast period owing to key factors such as the elderly application fuels the pharmaceutical diagnostic enzymes demand, strong investments in the biotech sector pulls the demand for enzymes, advancement in enzyme engineering & green chemistry, and rapid growth in the pharmaceutical industry. Moreover, the emerging regional market, and the rising clinical in vitro diagnostics industry offers opportunities in the growth of the market.
North America is expected to contribute to the largest share in the healthcare specialty enzymes market in the forecast period, due to presence of large number of biopharmaceutical companies in the U.S. and favorable government regulations in this region. However, Asia Pacific region is expected to be the fastest growing region owing to the new product launches with broaden applications and growing awareness are expected to accelerate the growth of the market in the region during the forecast period.