Pharmaceuticals

Global Diagnostic Enzyme Market Overview And Prospects

November 29, 2021 by The Business Research Company

Learn about the global diagnostic enzyme market through The Business Research Company, which provides information on diagnostic enzyme market size, diagnostic enzyme market drivers and restraints, diagnostic enzyme market players, the COVID-19 impact on the diagnostic enzyme market, and more.

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The global diagnostic enzyme market is expected to grow from $3.23 billion in 2020 to $3.53 billion in 2021 at a compound annual growth rate (CAGR) of 9.3%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The diagnostic enzymes market is expected to reach $4.44 billion in 2025 at a CAGR of 6%.

The rise in the geriatric population that increases the patient pool for the diagnosis of chronic diseases is expected to drive innovation in diagnostic enzyme manufacturing, thus driving the market during the forecast period.

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The diagnostic enzymes market consists of the sales of diagnostic enzymes and related services by entities (organizations, sole traders, and partnerships) that manufacture diagnostic enzymes. Enzymes are extensively used in the diagnosis of various diseases as they have remarkable biocatalytic properties. Only goods and services traded between entities or sold to end consumers are included.

Global diagnostic enzyme market segments include:

By Product Type: Carbohydrases, Polymerases And Nucleases, Protease, Others

By Source: Animals, Microorganisms, Plants

By Application: Biocatalysts, Diagnostics, Pharmaceuticals, Research & Biotechnology

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The use of machine learning and artificial intelligence is gradually gaining popularity in the enzyme diagnostic market. Artificial intelligence (AI) is the simulation of human intelligence in machines and is programmed to display their natural intelligence. Machine learning is a part of AI. Machine learning and AI help companies in the enzyme diagnostic market to conduct a detailed analysis of all relevant data, provide insights about the function of enzymes and allow physicians to understand the key determinants of the relationship between protein structure, function and evolution, in terms of catalysis of reaction steps of an enzyme.

TBRC’s diagnostic enzyme market report covers:

Major Market Players: Genzyme, Roche, Codexis, Aldevron, Kaneka Eurogentec, Vigene Biosciences, Amano Enzymes, Advanced Enzymes Technologies, Thermo Fisher Scientific, and EKF Diagnostic.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Diagnostic Enzyme Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides diagnostic enzyme market overviews, analyzes and forecasts market size, share, diagnostic enzyme market players, diagnostic enzyme market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s diagnostic enzyme market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Here is a list of similar reports from The Business Research Company:

Specialty Enzymes Global Market Report 2021

Digestive Enzymes Global Market Report 2021

Enzymes Global Market Report 2021

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