Specialty Enzymes Market | 2021 Global Industry Analysis By Covid-19 Impact On Healthcare Sector, Business With Forecast To 2026

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The rising prevalence of chronic digestive disorders is propelling the growth for the global “specialty enzymes “ market, says Fortune Business Insights in a report, titled “Specialty Enzymes Market Size, Share and Global Trend By Product Type (Proteases, Lipases, Nucleases, Polymerases), By Source (Plants, Animals, Microbes), By Application (Diagnostics, Biotechnology R&D, Food, Cosmetics, Others), By End-User (Pharmaceutical Industries, Biotechnological Companies, Diagnostic Clinics, Education & Research Institutes, Others), and Geography Forecast till 2026.” Increasing R&D activities for the development of new digestive enzymes are predicted to foster the growth of the global specialty enzymes market.

The research report gives an entire study of the Specialty Enzymes Market leaders with key statistics like sales, revenue, price, product picture and specifications, contact information, cost, capacity, production and company profile. The report offers critical information at the state of the enterprise. Marketing channels and development trends of the market is also well-found inside the report, making it a valuable source of information and path for agencies and individuals.

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ArcticZymes Announces Launch of its First Ligase Enzyme

ArticZymes, a subsidiary of Biotec Pharmacon, launched its first ligase enzyme. T4 DNA ligase will be used for the development of products and kits helping the (IVD) In Vitro Diagnostic. The launch of the enzyme is likely to fuel demand among customers due to the high quality and commercial grade of ISO13485. The launch of T4 DNA is intended to expand the range of novel enzyme products and beyond. This factor is expected to boost the growth of the global specialty enzymes market. The launch of insulin-degrading enzymes by key players is also fostering the growth of the global specialty enzymes market. for instance, Creative Enzymes launched the insulin-degrading enzyme also referred to as insulin protease or insulysin for the researchers working in the life sciences industry. The aforementioned factors are positively impacting the global specialty enzymes market.

Increasing Cases of Immunodeficiency to Contribute Growth 

Specialty enzymes have a wide range of applications in biofuel, pharmaceuticals industry, food supplements, biotechnology, and other industriess. The specialty enzymes market is expected to witness high demand due to increasing cases of chronic digestive disorders along with rising research & development activities for the advancement of new digestive enzymes. The escalating acquisitions among key players is a factor boosting the specialty enzymes market during the forecast period. For instance, BASF acquired 71% of the enzyme producing company Verenium, in an acquisition deal, resulting in the creation of one of the biggest enzymes companies, leading to greater availability of specialty enzymes. Increasing incidences of digestive disorders such as inflammations, indigestion and also immunodeficiency are also contributing majorly to the market. Moreover, new technological advancements in the specialty enzymes are also predicted to foster growth to the global specialty enzymes market in the forthcoming year. Nonetheless, the high maintenance cost of specialty enzymes products along with rising safety regulations due to contamination are some of the factors restricting the growth of the global specialty enzymes market.

Key Stakeholders:

  • Raw material suppliers
  • Distributors/traders/wholesalers/suppliers
  • Regulatory bodies, including government agencies and NGO
  • Commercial research and development (R&D) institutions
  • Importers and exporters
  • Government organizations, research organizations, and consulting firms
  • Trade associations and industry bodies
  • End-use industries

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Specialty Enzymes Market. Please visit: https://www.fortunebusinessinsights.com/industry-reports/specialty-enzymes-market-100667

North America to Dominate The Global Market

Geographically, the global specialty enzymes market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America followed by Europe is expected to lead the global specialty enzymes market during the forecast period. The presence of biopharmaceuticals companies in the region along with rising investment and acquisitions by leading companies in research and development for the introduction of potent specialty enzymes are some of the factors boosting the specialty enzymes market in the region. Asia-Pacific is projected to grow at a high CAGR during the forecast period. The increasing demand for specialty enzymes in diagnosing diseases such as cancer, cardiovascular disease and others, along with rising healthcare expenditure are factors driving the specialty enzymes market in the region.

Leading Players operating in the Specialty Enzymes Market are:

  • Specialty Enzymes & Probiotics,
  • Merck KGaA,
  • Aumgene Biosciences,
  • Amano Enzyme Inc.,
  • Dyadic International Inc.,
  • Biocatalysts,
  • Advanced Enzyme Technologies,
  • BBI Solutions,
  • Codexis,
  • AB Enzymes,
  • among others

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Segmentation of the Global Specialty Enzymes Market

By Product Type

  • Proteases
  • Lipases
  • Nucleases
  • Polymerases
  • Others

By Source

  • Plants
  • Animals
  • Microbes

By Application

  • Diagnostics
  • Biotechnology R&D
  • Food
  • Cosmetics
  • Others

By End User

  • Pharmaceutical Industries
  • Biotechnological Companies
  • Diagnostic Clinics
  • Education & Research Institutes
  • Others

By Geography

  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

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