The global proteinase k market is expected to be worth $48.5 million in 2032, with sales increasing at a 7.5% CAGR from 2022 to 2032. The target market is valued at $24.4 million in 2021 and is expected to grow to $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 is used in in-vitro diagnostics, the treatment of paraffin-embedded tissue sections during antibody labelling, mitochondrial extraction from hepatic cells, protein digestion from clinical tissue samples, and the analysis of enzyme localization on membranes. Proteinase K’s widespread use will almost certainly fuel global market growth.
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Increased consumer awareness of the health benefits of proteinase K, combined with increased research and development activities, aids in the growth of the target market. The rapid advancement of technology in the life sciences sector is expected to create a favourable opportunity for the proteinase K market from 2022 to 2032. Furthermore, low production costs, rising healthcare spending, and a wide range of applications are creating high potential growth opportunities for global proteinase K market participants.
Again, rising cases of chronic diseases such as cancer, cardiovascular disorders, and blood disorders will drive the global proteinase K market. Furthermore, factors such as product stability and specificity will support target market growth. All of these factors are likely to aid the proteinase K market’s growth 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:
- The availability of other proteases and the development of advanced DNA purification technology may stymie market prospects.
- The proteinase K market in the United States will expand at a 7.4% CAGR from 2022 to 2032.
- During the assessment period, Germany’s proteinase K market will grow at a CAGR of 7.3%.
- The lyophilized powder form will expand at a 6.8% CAGR.
- The isolation and purification of genomic DNA and RNA will have a CAGR of 7.0% based on application.
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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.
Key market participants are focusing on expanding their consumer base in a highly fragmented market. To strengthen their market position, these companies use strategic partnerships, collaborations, mergers, and acquisitions.
More Insights into Proteinase K Market Report
FMI’s most recent report provides an unbiased analysis of the global proteinase k market, with historical data from 2014 to 2022 and forecast statistics from 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of form (lyophilized powder form, liquid form), application (isolation and purification of genomic DNA & RNA, in situ hybridization, mitochondria isolation, enzyme removal), end user (contract research organization, academic institutes, biotechnology companies, diagnostic laboratories), and region.
According to the latest FMI reports, based on segmentation, the isolation and purification of genomic DNA & RNA segment will likely contribute significantly to the overall market growth. This segment is expected to record a CAGR of 7.0%. In terms of form, the lyophilized powder form will register a high CAGR of 6.8% during the projected period.
The proteinase K market in the United States will grow rapidly from 2022 to 2032, according to region. This region’s target market will grow at a CAGR of 7.4%. This expansion can be attributed to an increase in R&D activities, the development of PCR tools, and the use of advanced sequencing technology. The widespread use of proteinase K in this region contributes to the target market’s expansion. Furthermore, during the forecast period, Japan and Germany exhibit impressive growth in the proteinase K market.
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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
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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