The global proteinase K market is set to grow at a sturdy rate over the forecast period of 2019 to 2029 owing to factors such as growing cases of contamination that require demand for purification. Besides, they also enrich certain processes such as digesting keratin. This leads to their high demand in cosmetics. It is significant to note here that while a robust CAGR will lead to a higher market worth, new opportunities will be led to by increase in research and development activities. The one factor that really works in favour of proteinase K is its ability to tolerate a range of temperature. This also makes it suitable to be used in agriculture where it improves performance of urea.
Global Proteinase K Market: Notable Development
The global proteinase K market is witnessing a host of prominent developments. These are actively shaping the market’s competitive landscape. A glimpse into the vendor landscape which is slightly fragmented and highly competitive is provided below.
It is also quite pertinent to note here that players operating in the global proteinase K market make use of a wide range of growth strategies – from key alliances to product improvement in order to slice off a notable market share.
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Top players operating in the slightly fragmented landscape of global proteinase K market are:
- Thermo Fisher Scientific
- Worthington Biochemical
- Sisco Research Laboratories
- Bioline (Meridian Biosciences)
Global Proteinase K Market: Key Trends and Drivers
The many trends and drivers that are helping the global proteinase K market chart a steady growth curve over the forecast period have been identified by Transparency Market Research. These have been delineated in its upcoming market report on global proteinase K market. A synopsis of prominent growth factors can be found below:
- Nucleic acid purification is witnessing an increase in demand and this is set to drive the market forward in a major way. Factors such as better tissue digestion and cloning efficiency brought about the product also add positively to demand of Proteinase K. Inactivation of enzyme cocktail is another area where it is extensively used and this will also push the market forward over the forecast period.
- Contamination of food and beverages is driving the global proteinase K market in a big way and purification requires use of proteinase K. This is set to drive the market forward, particularly over the forecast period. Another industry that will contribute to growth in the market is pharmaceutical where increases in incidence of breast tumors will help in increasing the demand for the product, aiding the market grow at a significant pace.
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Global Proteinase K Market: Regional Analysis
Advancements and adoption of technology like tissue reengineering and 3D printing is set to lead the North American proteinase K regional market forward over the forecast period. Research and development environment is also quite robust here, thanks conventional scientific legacy of companies in the pharmaceutical sector in particular. Another region that will chart notable growth is Europe. However, rate of growth would be high in the Asia Pacific region. Factors that are many and varied will help this region in a major way. These include expanding manufacturing sector, improving and increasing research and development initiatives, and growing focus on fighting the challenge of contamination in food.
Based on the Type
- Natural Proteinase K
- Recombinant Proteinase K
Based on the Physical Form
Based on the Application
- Nucleic Acids Isolation
- Mitochondria Isolation
- Endotoxin Removal
- Polymerase Chain Reaction (PCR) and Real Time (RT) PCR
Based on the End User
- Bio-Pharmaceutical companies
- Pharmaceutical Companies
- Academic and Research centers
- Contract Research Organization
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