The Global Proteinase k Market is estimated to be valued at $XX Mn in 2019, and is expected to reach $XX Mn by 2027 at a Compound Annual Growth Rate (CAGR) of XX%.
Global Proteinase K Market Introduction and Overview
Proteinase k is a subtilisin-like serine protease with a catalytic triad of Serine, Histidine, and Aspartic acid. It is a fungal protease isolated from the Engyodontium album. The enzyme has a broad application in Nucleic Acid extraction procedures. It is used to digest the proteins present and remove contamination. This ability of Proteinase k to digest proteins and its stability in SDS technique makes it important in a variety of techniques such as Fingerprinting, Protein purification and Removal of Chromosomal DNA for pulse-field electrophoresis.
Detection of COVID-19 virus via RT-qPCR has gained great importance during the pandemic. The RNA extraction step of the PCR protocol makes use of the Proteinase k enzyme which is a major driver in boosting the market. Also, increase in the number of chronic diseases, increasing Biotechnology industries, Advances in Molecular Biology and Drug-designing fields aid for the market to rise in the forecast period. Because of its crucial role in biological processes Proteinase k has great importance in the medical and pharmaceutical industries.
Availability of other protease enzymes and purity of available proteinase k in the market are some factors that may restrain the market from growing.
Global Proteinase K Market Segment Analysis
The powdered form segment of proteinase k dominated the market with a revenue of $XX Mn in 2019. Enzymes are highly sensitive to denaturation and oxidation processes. The powdered form allows easy physical isolation of enzymes in particles. Whereas, the isolation of enzymes in liquid form is difficult.As per the protocols, stock solutions are prepared using the powder form of enzymes. The powdered form of proteinase k is used widely because of its advantages over that of the liquid form. Powdered form enzymes have a prolonged shelf-life as compared to other forms and hence are used often.
Global Proteinase K Market
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The Global Proteinase k market is Segmented:
Global Proteinase K Market, By Form-
- Lyophilized Powder form
- Liquid Form
Global Proteinase K Market, By Application-
- Purification of DNA & RNA
- In Situ Hybridization
- Mitochondria Isolation
- Enzyme Removal
Global Proteinase K Market, By Therapeutic Area-
- Autoimmune Diseases
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Global Proteinase K Market Regional Insights
Global Proteinase K Market1
North America dominated the proteinase k market with a revenue of $XX Mn in 2019. The increasing spread of cancer in this region has led to an increase in the applications of Next Generation Sequencing (NGS) and Polymerase Chain Reaction (PCR) techniques. The reagents such as Proteinase k and other enzymes are required for the performance of these techniques which drive the market upwards. APAC is estimated to be the fastest-growing region with a CAGR of XX% in the forecast period. The developments in targeted therapies are expected to drive the market in this region. Asia accounted for about 30% of COVID-19 cases in the world, which elevated the market growth as proteinase k was useful in the diagnosis of coronavirus.
Key players operating in the Global Proteinase K Market
- Thermo Fisher Scientific
- Merck KGaA
- Qiagen N.V
- F.Hoffman-La Roche Ltd
- Worthington Biochemical Corporation
- Norgen Biotek Corp
- BIORON GmbH
- Sisco Research Laboratories Pvt Ltd
- Bioline (Meridian Biosciences Inc)
- Promega Corporation
- Codexis, Inc
- Amano Enzyme Inc
- Advanced Technologies Ltd
- Biocatalysts Ltd
- BBI Solutions
Global Proteinase K Market Competitive Landscape
The objective of the report is to present a comprehensive analysis of Global Proteinase K Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Proteinase K Marketdynamics, structure by analyzing the market segments and project the Global Proteinase K Marketsize. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Proteinase K Marketmake the report investor’s guide.
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