Proteinase K Market Insights on Emerging Scope Prophesy | FMI
A plethora of factors are expected to impact the
growth of the global Proteinase K market. A significant rise in research and
development activities, lesser production costs, broader application of
Proteinase K and good product stability and specificity of Proteinase K will
give a massive push to the revenue growth of the global Proteinase K market by
the end of the forecast period. A steady rise of chronic diseases and better government
backed investment channels to fund advanced research and development are
expected to boost the expansion of the global Proteinase K market over the
period of assessment. An increasing number of research activities, soaring
expenditure on personal healthcare and increasing adoption of gene therapy has
been significantly high in the U.S. market in the recent years, making North
America the most lucrative regional market for Proteinase K.
Global Proteinase K Market: Segmental
Forecast
- By form, the lyophilized powder form segment is anticipated to
account for higher revenue share in the global Proteinase K as compared to
the liquid form segment. Lyophilized powder from segment is expected to
reach a market value of US$ 19.2 Mn by 2026, reflecting a CAGR of 6.3%
over the forecast period. The growth in lyophilized powder form can be
attributed to the increasing advantages of powder form over liquid form in
case of storage and preservation of samples.
- By application, purification of DNA & RNA segment will account
for the highest revenue share in the global Proteinase K market as
compared to other applications of Proteinase K. Purification of DNA &
RNA segment is expected to reach a value of US$ 19.2 Mn by 2026,
reflecting a CAGR of 6.5% over the forecast period.
- By end user, the biotechnology companies segment is expected to
project higher demand for Proteinase K as compared to other end user
segments such as academic institutes and diagnostics laboratories. The
strong growth in biotechnology companies can be attributed to an
increasing use of Proteinase K in research and development and new drug
discovery. The cost effectiveness of Proteinase K over other reagents is
the key factor responsible for its increasing use in biotechnology
companies. The biotechnology companies segment is expected to register the
highest CAGR of 6.7% over the forecast period.
Global Proteinase K Market: Regional
Market Projections
Demand for research in academics and funding
facilities provided by the U.S government to support gene therapy and other
activities for drug development is anticipated to boost the North America
Proteinase K market. Followed by North America, Western Europe and APEJ are the
most lucrative regions in the global Proteinase K market and are anticipated to
grow by 5.7% and 6.1% respectively over the forecast period. Increasing demand
for drug development, rising hereditary diseases due to changing lifestyles and
growing disposable income are some of the factors expected to contribute to the
growth of the global Proteinase K market.
Global Proteinase K Market: Vendor
Insights
Top companies profiled in the global Proteinase K
market report include Thermo Fisher Scientific Inc., Merck KGaA, Qiagen N.V.,
Worthington Biochemical Corporation, Sisco Research Laboratories Pvt. Ltd,
Promega Corporation, Bioline and F. Hoffmann-La Roche AG among others. Leading
market players are adopting different strategies such as product launches and
acquisitions to maintain their market share. For instance, in November 2015,
Merck KGaA acquired Sigma-Aldrich to strengthen and expand its consumable and
reagent portfolio.
Why Future Market Insights?
- Comprehensive analysis on evolving purchase pattern across
different geographies
- Detailed insights of market segments and sub-segments for
historical as well as forecast period
- A competitive analysis of prominent players and emerging players in
the Proteinase K Market
- Detailed information about the product innovation, mergers and
acquisitions lined up in upcoming years
- Ground breaking research and market player-centric solutions for
the upcoming decade according to the present market scenario
Read More@ https://www.futuremarketinsights.com/reports/proteinase-k-market
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