The global Medical Enzyme Technology market was valued at USD 3.9 Billion in 2022 and it is anticipated to grow up to USD 7.7 Billion by 2032, at a CAGR of 7.0% during the forecast period.
Enzymes play a crucial role in the metabolic activities of all organisms, whether animal, human, plant, or microbial. They have an extensive range of applications in microbial biotechnology and diagnosis processes. The abnormality of the enzyme metabolism system leads to many metabolic diseases. Further, enzymes can be used as medicines to treat a range of diseases; they are called medicinal enzymes. For example, trypsin can be used not only to accelerate wound healing and dissolve blood clots but also to remove necrotic tissue and inhibit the proliferation of contaminating microorganisms. L-asparaginase can be used to treat cancer by depriving nutrients needed by the growth of cancer cells. Protease (like multi-enzyme tablets) can be used to treat dyspepsia, and it has an anti-inflammatory effect. Moreover, lipase, superoxide dismutase, nattokinase, soybean meal plasmin, and thrombin, among others, can be used to treat diseases.
Market Trends and Drivers
Rising demand for low cost and affordable, yet effective medical treatments, as well as rising prevalence of cancer, is estimated to fuel growth within the global medical enzyme technology market in coming years. Furthermore, rising focus of market players on research and development, as well as growing public awareness regarding benefits of these advanced treatment solutions is positively impacting growth within the global medical enzyme technology market.
Market Restraints and Challenges
The key restraints and challenges in Medical Enzyme Technology market are as follows:
Enzymes present some challenges, such as short in vivo half-life, lack of targeted action and, in particular, patient immune system reaction against the enzyme. For this reason, it is important to monitor serum immune response during treatment.
The report analyses the global Medical Enzyme Technology market based on enzyme, application, and region
Global Medical Enzyme Technology Market by Enzyme
Based on Enzyme, the market is segmented as Digestive Enzyme, Thrombolytic Enzyme, Hydrolases, and Others. The hydrolase segment held the largest revenue share of over xx% in 2022 Hydrolase enzymes possess the ability to accelerate the substrate's breakage. They also feature excellent catalyst effectiveness, broad specificity for substrates, are widely and commercially available, and showcase excellent stability. The hydrolases enzymes aid in treatment of several kind of disorders. Owing to their excellent properties, hydrolases enzyme products are expected to lead the global medical enzyme technology market in terms of demand in coming years.
Global Medical Enzyme Technology Market by Application
Based on application, the market is segmented as Disease Treatment, Diagnostic Tools, and Biomedical Research. The diagnostic tools segment accounted for the largest revenue share of over xx% in 2022. Products in the global medical enzyme technology market are widely used across diagnostic and pharmaceutical sectors. They are most commonly used as therapeutic agents in treatment of several disorders, most prominently ones caused by shortage of enzymes in the body. Furthermore, they are also used in various biotechnological, as well as diagnostic procedures, including sequencing and modification of DNA. Medical enzymes are also used in manufacture of several diagnostic testing solutions, such as ELISA.
Geographical Analysis of Global Medical Enzyme Technology Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America led the global medical enzyme technology market in 2022. The recent study forecasts that the same region will continue dominating the market over the next decade. This trend can be ascribed to increase in the incidence of chronic diseases, rising investments made by regional players for research and development, and increase in the demand for enzyme replacement therapies. Furthermore, the presence of a large number of well-established players also aids in the expansion of the North America medical enzyme technology market.
Asia Pacific is projected to display significant growth in the global medical enzyme technology market in coming years. Growing awareness amongst public, milestone achievements in biotechnology research, and growing acceptance of new technologically advanced solutions and advancements in medical technology, are some of the key drivers for this market. Furthermore, growing pharmaceutical output of the regional pharmaceutical manufacturers is also favoring growth within the Asia Pacific medical enzyme technology market.
Major Players in the Global Medical Enzyme Technology Market
The key players in the market are Merck KGaA, Thermo Fisher Scientific Inc., Novozymes, Takeda Pharmaceutical Company Limited, Agilent Technologies, Inc., Genzyme Corporation, Asahi Kasei Corporation, Promega Corporation, Cytiva, and Amano Enzyme Inc ., among others.
COVID-19 Impact:
The current pandemic outbreak of COVID-19 across the globe is further set to result in an exponential growth rate of this segment from 2020 to 2027. For instance, an Indian biotechnology company namely, Richcore Lifesciences is set to introduce 2pivotalenzyme components, applied largely across theCOVID-19 diagnostic kits based on Reverse Transcription Polymerase Chain Reaction (RT-PCR).
Also, a U.S. based manufacturer - Creative Enzymes has expanded the portfolio of healthcare specialty enzymes, acknowledging the present use of Nucleic Acid Test (NAT) and serological tests for COVID-19 diagnosis.
Recent Developments:
- In December 2022, Ginkgo Bioworks announced the launch of Ginkgo Enzyme Services. Ginkgo Enzyme Services is powered by ultra-high throughput screening and machine learning-guided protein design, as well as optimized proprietary bacterial and fungal host strains.
- In January 2020, Curative Enzymes, a product and service provider, launched the enzyme engineering and modification service to help major clients.
- In April 2019, DuPont Nutrition & Biosciences has launched OPTIMASE, a new portfolio of biobased enzymes for medical instrument cleaning applications. The new range has been designed to deliver optimal cleaning performance in medical instrument cleaning applications while helping customers optimise formulation costs.
Q1. How big is the Medical Enzyme Technology Market?Ans. The global Medical Enzyme Technology market was valued at USD 3.9 Billion in 2022 and it is anticipated to grow up to USD 7.7 Billion by 2032, at a CAGR of 7.0% during the forecast period.Q2. What is the Medical Enzyme Technology Market growth rate?Ans. The growth rate of the Medical Enzyme Technology Market is 7.0%Q3. Which region holds a major market share for the market?Ans. North America holds a major market share of the Medical Enzyme Technology Market in 2022.Q4. Which segment accounted for the largest Medical Enzyme Technology Market share?Ans. By application, the disease treatment segment accounted for the largest Medical Enzyme Technology Market share.Q5. Who are the key players in the Medical Enzyme Technology Market?Ans. The global Medical Enzyme Technology Market report includes players such as Merck KGaA, Thermo Fisher Scientific Inc., Novozymes, Takeda Pharmaceutical Company Limited, Agilent Technologies, Inc., Genzyme Corporation, Asahi Kasei Corporation, Promega Corporation, Cytiva, and Amano Enzyme Inc ., among others.Q6. What are the factors driving the Medical Enzyme Technology Market growth?Ans. Rising utilization of enzymes in biotech, as well as medical research is anticipated to create excellent growth opportunities in the global medical enzyme technology market in coming years.Q7. What are the key growth strategies of Medical Enzyme Technology Market players?Ans. The key growth strategies of Medical Enzyme Technology Market players are product launch and product approval.Q8. Which region will provide more business opportunities for the Medical Enzyme Technology Market during the forecast period?Ans. The Asia-Pacific region will provide more business opportunities for the Medical Enzyme Technology Market during the forecast period.
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- Chapter 1. Medical Enzyme Technology Market Overview
- 1.1. Objectives of the Study
- 1.2. Market Definition and Research & Scope
- 1.3. Research Limitations
- 1.4. Research Methodologies
- 1.4.1. Secondary Research
- 1.4.2. Market Size Estimation Technique
- 1.4.3. Forecasting
- 1.4.4. Primary Research and Data Validation
- Chapter 2. Executive Summary
- 2.1. Summary
- 2.2. Key Highlights of the Market
- Chapter 3. Premium Insights on the Market
- 3.1. Market Attractiveness Analysis, by Region
- 3.2. Market Attractiveness Analysis, By Enzyme
- 3.3. Market Attractiveness Analysis, By Application
- Chapter 4. Medical Enzyme Technology Market Outlook
- 4.1. Medical Enzyme Technology Market Segmentation
- 4.2. Market Dynamics
- 4.2.1. Market Drivers
- 4.2.1.1. Driver 1
- 4.2.1.2. Driver 2
- 4.2.1.3. Driver 3
- 4.2.2. Market Restraints
- 4.2.2.1. Restraint 1
- 4.2.2.2. Restraint 2
- 4.2.3. Market Opportunities
- 4.2.3.1. Opportunity 1
- 4.2.3.2. Opportunity 2
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Threat of New Entrants
- 4.3.2. Threat of Substitutes
- 4.3.3. Bargaining Power of Buyers
- 4.3.4. Bargaining Power of Supplier
- 4.3.5. Competitive Rivalry
- 4.4. PESTLE Analysis
- 4.5. Value Chain Analysis
- 4.5.1. Raw Industry Vertical Suppliers
- 4.5.2. Manufacturers
- 4.5.3. Wholesalers and/or Retailers
- 4.6. Impact of COVID-19 on the Medical Enzyme Technology Market
- 4.7. Impact of the Russia and Ukraine War on the Medical Enzyme Technology Market
- Chapter 5. Medical Enzyme Technology Market By Enzyme
- 5.1. Market Overview
- 5.2. Digestive Enzyme
- 5.2.1. Key Market Trends & Opportunity Analysis
- 5.2.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
- 5.3. Thrombolytic Enzyme
- 5.3.1. Key Market Trends & Opportunity Analysis
- 5.3.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
- 5.4. Hydrolases
- 5.4.1. Key Market Trends & Opportunity Analysis
- 5.4.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
- 5.5. Others
- 5.5.1. Key Market Trends & Opportunity Analysis
- 5.5.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
- Chapter 6. Medical Enzyme Technology Market By Application
- 6.1. Market Overview
- 6.2. Disease Treatment
- 6.2.1. Key Market Trends & Opportunity Analysis
- 6.2.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
- 6.3. Disgnostic Tools
- 6.3.1. Key Market Trends & Opportunity Analysis
- 6.3.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
- 6.4. Biomedical Research
- 6.4.1. Key Market Trends & Opportunity Analysis
- 6.4.2. Market Size and Forecast, by Region, 2022-2032 ($Million)
- Chapter 7. Medical Enzyme Technology Market , by Region
- 7.1. Overview
- 7.2. North America
- 7.2.1. Key Market Trends And Opportunities
- 7.2.2. North America Medical Enzyme Technology Market Size And Forecast By Enzyme, 2022-2032, ($Million)
- 7.2.3. North America Medical Enzyme Technology Market Size And Forecast By Application, 2022-2032, ($Million)
- 7.2.4. North America Medical Enzyme Technology Market Size And Forecast by Country, 2022-2032, ($Million)
- 7.2.5. The U.S.
- 7.2.5.1. The U.S. Medical Enzyme Technology Market Size And Forecast By Enzyme, 2022-2032, ($Million)
- 7.2.5.2. U.S. Medical Enzyme Technology Market Size And Forecast By Application, 2022-2032, ($Million)
- 7.2.6. Canada
- 7.2.6.1. Canada Medical Enzyme Technology Market Size And Forecast By Enzyme , 2022-2032, ($Million)
- 7.2.6.2. Canada Medical Enzyme Technology Market Size And Forecast By Application, 2022-2032, ($Million)
- 7.2.7. Mexico
- 7.2.7.1. Mexico Medical Enzyme Technology Market Size And Forecast By Enzyme, 2022-2032, ($Million)
- 7.2.7.2. Mexico Medical Enzyme Technology Market Size And Forecast By Application, 2022-2032, ($Million)
- 7.3. Europe
- 7.3.1. Key Market Trends And Opportunities
- 7.3.2. Europe Medical Enzyme Technology Market Size And Forecast By Enzyme, 2022-2032, ($Million)
- 7.3.3. Europe Medical Enzyme Technology Market Size And Forecast By Application, 2022-2032, ($Million)
- 7.3.4. Europe Medical Enzyme Technology Market Size And Forecast by Country, 2022-2032, ($Million)
- 7.3.4.1. Germany
- 7.3.4.2. Germany Medical Enzyme Technology Market Size And Forecast By Enzyme, 2022-2032, ($Million)
- 7.3.4.3. Germany Medical Enzyme Technology Market Size And Forecast By Application, 2022-2032, ($Million)
- 7.3.5. France
- 7.3.5.1. France Medical Enzyme Technology Market Size And Forecast By Enzyme, 2022-2032, ($Million)
- 7.3.5.2. France Medical Enzyme Technology Market Size And Forecast By Application, 2022-2032, ($Million)
- 7.3.6. U.K
- 7.3.6.1. U.K. Medical Enzyme Technology Market Size And Forecast By Enzyme , 2022-2032, ($Million)
- 7.3.6.2. U.K. Medical Enzyme Technology Market Size And Forecast by End-user, 2022-2032, ($Million)
- 7.3.7. Spain
- 7.3.7.1. Spain Medical Enzyme Technology Market Size And Forecast By Enzyme, 2022-2032, ($Million)
- 7.3.7.2. Spain Medical Enzyme Technology Market Size And Forecast by End-user, 2022-2032, ($Million)
- 7.3.8. Italy
- 7.3.8.1. Italy Medical Enzyme Technology Market Size And Forecast By Enzyme, 2022-2032, ($Million)
- 7.3.8.2. Italy Medical Enzyme Technology Market Size And Forecast by End-user, 2022-2032, ($Million)
- 7.3.9. Russia
- 7.3.9.1. Russia Medical Enzyme Technology Market Size And Forecast By Enzyme, 2022-2032, ($Million)
- 7.3.9.2. Russia Medical Enzyme Technology Market Size And Forecast By Application, 2022-2032, ($Million)
- 7.3.10. Rest of Europe
- 7.3.10.1. Rest of Europe Medical Enzyme Technology Market Size And Forecast By Enzyme, 2022-2032, ($Million)
- 7.3.10.2. Rest of Europe Medical Enzyme Technology Market Size And Forecast By Application, 2022-2032, ($Million)
- 7.4. Asia-Pacific
- 7.4.1. Key Market Trends And Opportunities
- 7.4.2. Asia-Pacific Medical Enzyme Technology Market Size And Forecast by Country, 2022-2032, ($Million)
- 7.4.3. Asia-Pacific Medical Enzyme Technology Market Size And Forecast by Material Type, 2022-2032, ($Million)
- 7.4.4. Asia-Pacific Medical Enzyme Technology Market Size And Forecast By Application, 2022-2032, ($Million)
- 7.4.5. China
- 7.4.5.1. China Medical Enzyme Technology Market Size And Forecast By Enzyme, 2022-2032, ($Million)
- 7.4.5.2. China Medical Enzyme Technology Market Size And Forecast By Application, 2022-2032, ($Million)
- 7.4.6. India
- 7.4.6.1. India Medical Enzyme Technology Market Size And Forecast By Enzyme , 2022-2032, ($Million)
- 7.4.6.2. India Medical Enzyme Technology Market Size And Forecast By Application, 2022-2032, ($Million)
- 7.4.7. Japan
- 7.4.7.1. Japan Medical Enzyme Technology Market Size And Forecast By Enzyme, 2022-2032, ($Million)
- 7.4.7.2. Japan Medical Enzyme Technology Market Size And Forecast By Application, 2022-2032, ($Million)
- 7.4.8. South Korea
- 7.4.8.1. South Korea Medical Enzyme Technology Market Size And Forecast By Enzyme, 2022-2032, ($Million)
- 7.4.8.2. South Korea Medical Enzyme Technology Market Size And Forecast By Application, 2022-2032, ($Million)
- 7.4.9. Rest of APAC
- 7.4.9.1. Rest of APAC Medical Enzyme Technology Market Size And Forecast By Enzyme, 2022-2032, ($Million)
- 7.4.9.2. Rest of APAC Medical Enzyme Technology Market Size And Forecast By Application, 2022-2032, ($Million)
- 7.5. Rest of The World
- 7.5.1. Key Market Trends And Opportunities
- 7.5.2. Rest of The World Medical Enzyme Technology Market Size And Forecast By Enzyme, 2022-2032, ($Million)
- 7.5.3. Rest of The World Medical Enzyme Technology Market Size And Forecast By Application, 2022-2032, ($Million)
- 7.5.4. Rest of The World Medical Enzyme Technology Market Size And Forecast by Country, 2022-2032, ($Million)
- 7.5.5. Latin America
- 7.5.5.1. Latin America Medical Enzyme Technology Market Size And Forecast By Enzyme, 2022-2032, ($Million)
- 7.5.5.2. Latin America Medical Enzyme Technology Market Size And Forecast By Application, 2022-2032, ($Million)
- 7.5.6. Middle East
- 7.5.6.1. Middle East Medical Enzyme Technology Market Size And Forecast By Enzyme, 2022-2032, ($Million)
- 7.5.6.2. Middle East Medical Enzyme Technology Market Size And Forecast By Application, 2022-2032, ($Million)
- 7.5.7. Africa
- 7.5.7.1. Africa Medical Enzyme Technology Market Size And Forecast By Enzyme, 2022-2032, ($Million)
- 7.5.7.2. Africa Medical Enzyme Technology Market Size And Forecast By Application, 2022-2032, ($Million)
- Chapter 8. Competitive Landscape
- 8.1. Market Overview
- 8.2. Market Share Analysis/Key Player Positioning
- 8.3. Vendor Benchmarking
- 8.4. Developmental Strategy Benchmarking
- 8.4.1. New Product Development
- 8.4.2. Product Launches
- 8.4.3. Business Expansions
- 8.4.4. Partnerships, Joint Ventures, and Collaborations
- 8.4.5. Mergers and Acquisitions
- Chapter 9. Company Profiles
- 9.1. Merck KGaA
- 9.1.1. Company Snapshot
- 9.1.2. Financial Performance
- 9.1.3. Product Offerings
- 9.1.4. Key Strategic Initiatives
- 9.1.5. SWOT Analysis
- 9.2. Thermo Fisher Scientific Inc.
- 9.2.1. Company Snapshot
- 9.2.2. Financial Performance
- 9.2.3. Product Offerings
- 9.2.4. Key Strategic Initiatives
- 9.2.5. SWOT Analysis
- 9.3. Novozymes
- 9.3.1. Company Snapshot
- 9.3.2. Financial Performance
- 9.3.3. Product Offerings
- 9.3.4. Key Strategic Initiatives
- 9.3.5. SWOT Analysis
- 9.4. Takeda Pharmaceutical Company Limited
- 9.4.1. Company Snapshot
- 9.4.2. Financial Performance
- 9.4.3. Product Offerings
- 9.4.4. Key Strategic Initiatives
- 9.4.5. SWOT Analysis
- 9.5. Agilent Technologies, Inc.
- 9.5.1. Company Snapshot
- 9.5.2. Financial Performance
- 9.5.3. Product Offerings
- 9.5.4. Key Strategic Initiatives
- 9.5.5. SWOT Analysis
- 9.6. Genzyme Corporation
- 9.6.1. Company Snapshot
- 9.6.2. Financial Performance
- 9.6.3. Product Offerings
- 9.6.4. Key Strategic Initiatives
- 9.6.5. SWOT Analysis
- 9.7. Asahi Kasei Corporation
- 9.7.1. Company Snapshot
- 9.7.2. Financial Performance
- 9.7.3. Product Offerings
- 9.7.4. Key Strategic Initiatives
- 9.7.5. SWOT Analysis
- 9.8. Promega Corporation
- 9.8.1. Company Snapshot
- 9.8.2. Financial Performance
- 9.8.3. Product Offerings
- 9.8.4. Key Strategic Initiatives
- 9.8.5. SWOT Analysis
- 9.9. Cytiva
- 9.9.1. Company Snapshot
- 9.9.2. Financial Performance
- 9.9.3. Product Offerings
- 9.9.4. Key Strategic Initiatives
- 9.9.5. SWOT Analysis
- 9.10. Amano Enzyme Inc.
- 9.10.1. Company Snapshot
- 9.10.2. Financial Performance
- 9.10.3. Product Offerings
- 9.10.4. Key Strategic Initiatives
- 9.10.5. SWOT Analysis
- *The list of company is subject to change during the final compilation of the report
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