Specialty Enzymes Market is Growing at a High CAGR by 2020 according to a New Research Report

Specialty enzymes have gained popularity in the recent years owing to their potential applications in various industries such as pharmaceutical, biotechnology research and diagnostics. Specialty enzymes are proteins that act as biocatalysts to accelerate reactions and produce the desired results in pharmaceuticals and diagnostics reactions. In the pharmaceuticals industry, specialty enzymes play a major role in drug formulation and drug delivery. Enzyme based pharmaceutical drug formulations are used for the treatment of chronic conditions such as cancer and AIDS. Specialty enzymes have been widely used in the biotechnology industry for research, particularly in the molecular biology. They are also used in genetic engineering techniques to cut, replicate and attach DNA as per requirement. Specialty enzymes play a major role in the diagnosis of diseases such as cancer, cardiovascular diseases and lysosomal disorders. The specialty enzymes required for diagnostics has to be of the highest purity and in small quantity, which results in the high cost and less adoption of diagnostic enzymes.

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Companies Covered in this Report are:

Novozymes, DuPont,
F. Hoffmann-La Roche AG,
BASF,
Life technologies,
Advance enzyme Technologies Ltd,
Affymetrix, Inc.,
Codexis, Inc.

The increasing applications of enzymes in therapies for chronic diseases, rising demand for effective therapeutics and growing incidences of digestive enzyme disorders are some of the key factors that drive the growth of the global specialty enzymes market for pharmaceuticals, biotechnology research and diagnostics. Factors restraining the market growth are restriction concerning the chemical properties and safety issues arising due to the contamination of enzymes. The global specialty enzymes market for pharmaceuticals, biotechnology research and diagnostics accounted for $561.9 million in 2014 and is forecast to generate $947.5 million by 2020, registering a CAGR of 9.4% during 2015 – 2020.

The global specialty enzymes for pharmaceuticals, biotechnology R&D and diagnostics market is segmented based on the application, source, type and geography. Based on the applications, the market is segmented into pharmaceuticals, biotechnology R&D and diagnostics. Based on the source, the market is segmented into three types, namely microorganisms, plants and animals. The microorganisms segment held a dominant share in the market in 2014 owing to its easy availability, feasibility for large scale production and cost-effectiveness. Microorganisms are easier to cultivate and the quantity of enzyme production can be controlled and estimated. Based on the product type, the market is segmented into acylases, hydratases, humulin, oxidase, lyases, restriction enzymes, ligases, polymerases, lipases, amylases, proteases, dehydrogenases, glucuronidase and others. Acylases enzyme held a dominant share of the market in 2014 owing to its wide and diversified application in the pharmaceutical drug formulations.

Geographically, the specialty enzyme market is segmented into North America, Europe, Asia-Pacific and LAMEA regions. North America region had the largest market for the specialty enzymes in 2014 due to the presence of large number of biopharmaceutical companies in the U.S. and favorable government regulations. High prevalence rates of digestive disorders would also fuel the demand for the digestive aids and supplements in the North America specialty enzymes market.

KEY MARKET BENEFITS:

The report provides a quantitative analysis of the current market estimations during the period of 2014″2020, which would enable the stakeholders to capitalize on prevailing market opportunities
Extensive analysis of the global specialty enzymes market by type helps in understanding the types of enzymes that are currently used along with the variants that would gain prominence in future
Competitive intelligence highlights the business practices followed by leading market players across various geographies
Comprehensive analysis of factors that drive and restrict the growth of the global specialty enzymes market has been provided
SWOT analysis highlights the internal environment of leading companies for effective strategy formulation
The specialty enzymes market scenario has been comprehensively analyzed in accordance to the key regions

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KEY MARKET SEGMENTS:
The specialty enzymes market is segmented as below:

Global Specialty Enzymes Market – By Application
Pharmaceutical
Biotechnology R&D
Diagnostic
Global Specialty Enzymes Market – By Source
Microorganisms
Plants
Animals
Global Specialty Enzymes Market – By Type
Acylases
Hydratases
Humulin
Oxidase
Lyases
Restriction enzymes
Ligases
Polymerases
Lipases
Amylases
Proteases
Dehydrogenases
Glucouronidse
Others
Global Specialty Enzymes Market – By Geography
North America
Europe
Asia-Pacific
LAMEA

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