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.
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.
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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%.
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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.
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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
Have a Look at Related Research Reports in the Healthcare Domain:
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- https://bpa-mastery.mn.co/posts/34014673
- https://marketresearch89.wordpress.com/2023/03/22/medical-polyetheretherketone-market-is-anticipated-to-reach-a-valuation-of-us-1158-26-million-by-2032-fmi/
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