The Diagnostic Enzyme Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Diagnostic Enzyme Global Market Report 2024, The diagnostic enzyme market size has grown strongly in recent years. It will grow from $4.02 billion in 2023 to $4.25 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to rising prevalence of chronic diseases, increasing geriatric population, rising healthcare spending, government initiatives, increased awareness of preventive healthcare.
The diagnostic enzyme market size is expected to see strongly grown in the next few years. It will grow to $5.49 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to rising demand for point-of-care testing, growing focus on personalized medicine, rising demand for companion diagnostics, increasing demand for molecular diagnostics, rising demand for in vitro diagnostics, strong growth in the biotechnology industry. Major trends in the forecast period include customized enzyme solutions, automation and robotics, biomarker discovery, digital health integration, sustainability and green enzymes.
The rise in geriatric population is expected to propel the growth of the diagnostic enzymes market going forward. Geriatric population referred to as the elderly or senior population of individuals aged with 65 years and older. Diagnostic enzymes are required for geriatric population for diagnosing and monitoring age-related diseases and they are more susceptible to chronic diseases which require diagnostic enzyme testing. For instance, in October 2022, according to the World Health Organization, a US-based specialized health agency, 1 in 6 people globally will be 60 or older by 2030, and there will be a double number of individuals in this age group (2.1 billion) by 2050. Therefore, the rise in geriatric population is driving the growth of the diagnostic enzymes market.
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The diagnostic enzyme market covered in this report is segmented –
1) Diagnostic Enzyme Market By Product Type: Carbohydrases, Polymerases And Nucleases, Protease, Other Product Types
2) Diagnostic Enzyme Market By Source: Animals, Microorganisms, Plants
3) Diagnostic Enzyme Market By Application: Biocatalysts, Diagnostics, Pharmaceuticals, Research & Biotechnology
Top Major Players
Sanofi S.A.
Advanced Enzymes Technologies
Aldevron LLC
Amano Enzymes Inc.
Codexis Inc.
The companies in the domiciliary insurance market are focusing on the launch of the home treatment programs for overseas patients. The home treatment program provides healthcare services to patients at their home. It takes place when a therapist provides counseling in a person’s home. For example, in September 2022, Allianz Care Australia, an Australia based a medical assistance and insurance company, launched a home treatment program for overseas student health insurance members who require cancer treatment in Australia. The program enables members to receive cancer treatment at home instead of a hospital, improving the lives of overseas students and providing another option for persons requiring cancer treatment. As part of the program, Allianz Care members will receive repeat cycle treatment, including chemotherapy, immunotherapy, chronic illness infusions, and other supportive therapies commonly prescribed for cancer treatment.
The diagnostic enzyme market report table of contents includes:
1. Executive Summary
2. Diagnostic Enzyme Market Characteristics
3. Diagnostic Enzyme Market Trends And Strategies
4. Diagnostic Enzyme Market – Macro Economic Scenario
5. Global Diagnostic Enzyme Market Size and Growth
……
31. Global Diagnostic Enzyme Market Competitive Benchmarking
32. Global Diagnostic Enzyme Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Diagnostic Enzyme Market
34. Diagnostic Enzyme Market Future Outlook and Potential Analysis
35. Appendix
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