Proteinase k demand is expected to grow 7.0% year on year to $48.5 million in 2032.
Proteinase K is used in in-vitro diagnostics to break down endotoxins that bind to ribonuclease A, lysozyme, and other cationic proteins. Proteinase K is also used in the antibody labelling of paraffin-embedded tissue sections, the digestion of proteins from clinical tissue samples, the extraction of mitochondria from hepatic cells, and the analysis of enzyme localization on membranes. Proteinase K’s significant applications will drive the market globally.
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A steady rise in chronic diseases, as well as improved government-backed investment channels to fund advanced research and development, are expected to drive the global Proteinase K market over the assessment period. In recent years, the number of research activities has increased, as has personal healthcare spending, and gene therapy adoption has increased, making North America the most lucrative regional market for Proteinase K.
Global Proteinase K Market: Segmental Forecast
- The lyophilized powder form segment is expected to account for a larger revenue share in the global Proteinase K market than the liquid form segment. Lyophilized powder from segment is expected to reach a market value of US$ 19.2 Mn by 2026, growing at a 6.3% CAGR during the forecast period. The increasing advantages of powder form over liquid form in terms of sample storage and preservation can be attributed to the growth in lyophilized powder form.
- Purification of DNA & RNA will account for the highest revenue share in the global Proteinase K market when compared to other Proteinase K applications. Purification of DNA & RNA is expected to reach US$ 19.2 Mn by 2026, growing at a 6.5% CAGR during 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.
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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.
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Market Segmentation Form
- Lyophilized Powder Form
- Liquid Form
Application
- Isolation and purification of genomic DNA & RNA
- In Situ Hybridization
- Mitochondria isolation
- Enzyme Removal
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