Medical Enzyme Technology Market to Grow at a CAGR of 6.7% to reach US$ 6,700.00 million from 2020 to 2028

The medical enzyme technology is expected to reach US$ 6,700.00 million by 2028 from US$ 4,012.57 million in 2020; it is estimated to grow at a CAGR of 6.7% from 2021 to 2028.

The medical enzyme technology market has been analyzed on the basis of enzyme type, application, and region. The market based on region is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America. The report emphasizes on parameters such as market trends, technological advancements, market dynamics, and leading company’s competitive landscape analysis to offers insights and in-depth analysis of the medical enzyme technology market. It also includes the analysis of COVID-19 pandemic across the market in all the key regions.

Market Insights

Advancements in Enzyme Engineering to Emerge as Key Trend in Medical Enzyme Technology Market

Enzyme engineering plays a fundamental role in the development of efficient biocatalysts for biotechnology, life sciences, and biomedicine. Enzyme engineering is the process of tailoring new biocatalysts with improved properties by altering their amino acid sequences. Despite the immensity of possible alterations, this procedure has already yielded remarkable results in the form of unique designs and optimization of enzymes for chemical and pharmaceutical biosynthesis, regenerative medicine, food production, waste biodegradation, and biosensing.

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Medical Enzyme Technology Market: Strategic Insights

Medical Enzyme Technology Market

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  CAGR (2020 - 2028)

  6.7%
• Market Size 2020
  US$ 4.01 Billion
• Market Size 2028
  US$ 6.7 Billion

Market Dynamics

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• Merck
• Thermo Fisher Scientific Inc
• Novozymes
• TAKEDA PHARMACEUTICAL COMPANY LIMITED
• Agilent Technologies Inc
• Danaher Cytiva
• Sanofi
• Asahi Kasei Corporation
• Promega Corporation

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Enzyme Type

• Digestive Enzymes
• Thrombolytic Enzymes
• Hydrolases
• Endonucleases

Application

• Disease Treatment
• Diagnostic Tools
• Biomedical Research
• Others

Geography

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South and Central America

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Apart from classical rational design and directed evolution approaches, machine learning (ML) methods are being increasingly applied to find patterns in data that help predict protein structures; improve enzyme stability, solubility, and function; predict substrate specificity; and guide rational protein design. Machine learning is a third approach to designing new biocatalysts, which has been gaining attention since the past few decades. Unlike the model-driven rational designing methods, this strategy is data driven as it identifies patterns in the existing data to predict properties of an unknown but similar input. In January 2020, Curative Enzymes, a product and service provider, launched the enzyme engineering and modification service to help major clients.

With the emergence of new techniques and methods to reconstruct and engineer enzymes, working in protein engineering has become more convenient, putting light on new semisynthetic or synthetic biocatalysts and molecules for industrial applications. Thus, advancements in enzyme engineering are likely to be a prevalent trend in the market during the forecast period.

Enzyme Type-Based Insights

The medical enzyme technology market, by enzyme type, is segmented into digestive enzymes, thrombolytic enzymes, hydrolases, and endonucleases. The hydrolases segment held the largest share of the market in 2020; further, the thrombolytic enzymes segment is anticipated to register the highest CAGR of 7.2% in the market during the forecast period.

Application-Based Insights

The medical enzyme technology market, by application, is segmented into disease treatment, diagnostic tools, biomedical research, and others. The disease treatment segment held the largest share of the market in 2020, and the same segment is anticipated to register the highest CAGR of 7.1% in the market during the forecast period.

Companies operating in the medical enzyme technology market are adopting organic strategies such as product launches and expansions to expand their footprint and product portfolio worldwide as well as to address the growing demands.

Medical Enzyme Technology Market Report Scope

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By Enzyme Type

• Digestive Enzyme

• L-asparaginase
• Lactase
• Others

• Thrombolytic Enzyme

• Streptokinase
• Urokinase
• Others

• Hydrolases Enzyme

• Hyaluronidase
• Lysozymes
• Others

• Endonucleases Enzyme

• Benzonase
• Others

By Application

• Disease Treatments
• Diagnostic Tools
• Biomedical Research
• Others

By

Geography

• North America

  • US
  • Canada
  • Mexico

• Europe

  • France
  • Germany
  • Italy
  • UK
  • Spain
  • Rest of Europe

• Asia Pacific (APAC)

  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC

• Middle East and Africa (MEA)

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

• South and Central America (SCAM)

  • Brazil
  • Argentina
  • Rest of SCAM

Company Profiles

• Merck
• Thermo Fisher Scientific Inc.
• Novozymes
• TAKEDA PHARMACEUTICAL COMPANY LIMITED
• Agilent Technologies, Inc.
• Danaher (Cytiva)
• Sanofi
• Asahi Kasei Corporation
• Promega Corporation
• Amano Enzyme Inc
• Genzyme Corporation