Proteinase K Market Recent Trends, Demand, Dynamic Innovation in Technology & Insights 2032
The global Proteinase K Market is expected to be worth US$ 48.5 million in 2032, with sales increasing at a 6.5% CAGR from 2022 to 2032. The target market was worth US$ 24.4 million in 2021 and is expected to be worth US$ 25.9 million by the end of 2022. Increased consumer awareness of the health benefits of proteinase K, as well as increased research and development activities, will drive the proteinase K market during the forecast period.
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Proteinase K finds application in
in-vitro diagnostics, in the treatment of paraffin-embedded tissue sections
during antibody labelling, extraction of mitochondria from hepatic cells, digestion
of proteins from clinical tissue samples, and the analysis of the localization
of enzymes on membranes. This major usage of proteinase K will likely fuel the
market growth in the global space.
Heightened consumer awareness of
proteinase K-related health benefits coupled with rising research and
development activities aid the growth of the target market. The surging
technological progress in the life science sector is expected to produce a good
opportunity for the proteinase K market during 2022-2032. Moreover, low
production cost, increasing healthcare spending, and vast application are
inducing high potential growth opportunities for the global proteinase K market
participants.
Again, the rising cases of chronic
diseases like cancer, cardiovascular disorders, and blood disorders will spur
the demand for proteinase K market globally. In addition, factors like good
product stability and specificity will underpin the target market growth. All
of these considerations are likely to aid the growth of the proteinase
K market during the forecast period.
“The use of proteinase K is
particularly high among gene therapy for hereditary diseases including
diabetes, down syndrome and many others. This is expected propel the global
growth of the proteinase k market over the forecast period,” says an FMI
analyst.
Key Takeaways:
- Development
of advanced DNA purification technology and availability of other
proteases may hamper market prospects.
- The
proteinase K market in the United States will grow at a CAGR of 7.4%
during 2022-2032.
- Germany’s
proteinase K market will record a CAGR of 7.3% during the assessment
period.
- By form, the
lyophilized powder form will expand at a CAGR of 6.8%.
- On the basis
of application, the isolation and purification of genomic DNA & RNA
will register a CAGR of 7.0%.
Competitive Landscape
Thermo Fisher Scientific Inc.,
Merck KGaA, Qiagen N.V., F. Hoffmann-La Roche Ltd., New England Biolabs,
Worthington Biochemical Corporation, Norgen Biotek Corp., BIORON GmbH, Sds
Manager, Sisco Research Laboratories Pvt. Ltd., Bioline (Meridian Biosciences
Inc.), Promega Corporation, Codexis, Inc., Amano Enzyme Inc., Advanced Enzymes
Technologies Ltd., Biocatalysts Ltd., Amicogen, Dyadic International, BBI
Solutions, and American Laboratories, among others are some of the major
players in the proteinase k market profiled in the full version of the report.
In a highly fragmented market, key
market participants are concentrating on increasing their consumer base. These
firms employ strategic partnerships, collaborations, mergers and acquisition
tactics to strengthen their market position.
Key Market Segments
Covered in Proteinase K Industry Research
By Form:
- Lyophilized
Powder Form
- Liquid Form
By Application:
- Isolation and
Purification of Genomic DNA & RNA
- In situ
Hybridization
- Mitochondria
Isolation
- Enzyme
Removal
By End User:
- Contract
Research Organization
- Academic
Institutes
- Biotechnology
Companies
- Diagnostic
Laboratories
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