The proteinase k market size is expected to see rapid growth in the next few years. It will grow to $7.22 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to continued growth in molecular diagnostics, advancements in precision medicine, biopharmaceutical manufacturing expansion, research in proteomics and genomics, increased application in forensic sciences. Major trends in the forecast period include pharmaceutical industry growth, technological advancements, market competition and pricing, sustainable and animal-free variants, global pandemic impact.
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Segmentation & Regional Insights
The proteinase k market covered in this report is segmented –
1) By Form: Lyophilized Powder Form, Liquid Form
2) By Therapeutic Area: Infectious Diseases, Diabetes, Oncology, Cardiology, Nephrology, Autoimmune Diseases, Neurology, Other Therapeutic Areas
3) By Application: Isolation And Purification Of Genomic DNA And RNA, In Situ Hybridization, Mitochondria Isolation, Enzyme Removal
4) By End-Use: Contract Research Organization, Academic Institutes, Biotechnology Companies, Diagnostic Laboratories
North America was the largest region in the global proteinase k market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global proteinase k market during the forecast period. The regions covered in the proteinase k market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
An increasing prevalence of chronic diseases is expected to propel the growth of the proteinase K market going forward. Chronic disease is a condition or illness that lasts more than a year and requires ongoing medical treatment. Proteinase K is used in chronic diseases in a preventative or therapeutic role to extract and isolate the DNA (Deoxyribonucleic Acid) and RNA (Ribonucleic Acid) of viruses that cause various chronic diseases. For instance, in January 2023, according to the National Library of Medicine, a US-based agency, the number of people in the US aged 50 and older who have at least 1 chronic condition would increase to 142.66 million by 2050. Therefore, an increasing prevalence of chronic diseases will drive the proteinase K market.
Key Industry Players
Major companies operating in the proteinase k market report are Merck KGaA, QIAGEN NV, Thermo Fisher Scientific Inc., F Hoffmann-La Roche Ltd., Worthington Biochemical Corporation, Sigma-Aldrich Co. LLC, Behemoth Inteligencia para os Negocios LTDA, Codexis Inc., Beijing SBS Genetech Co. Ltd, Hoffmann-La Roche Ltd, Amicogen Inc, Amano Enzyme Inc., Sisco Research Laboratories Pvt. Ltd., Promega Corporation, Bioline Diagnostics LLP, Biocompare, BioVision Inc., Creative Enzymes, G-Biosciences, Advanced Enzymes Technologies, Cell Signaling Technology Inc., Dyadic International, Amresco LLC, Abcam plc, Bio Basic Inc., BioChain Institute Inc., BioLegend Inc., Bio-Rad Laboratories Inc., Enzo Life Sciences Inc., GenScript Biotech Corporation
The proteinase k market report table of contents includes:
1. Executive Summary
2. Proteinase K Market Characteristics
3. Proteinase K Market Trends And Strategies
4. Proteinase K Market – Macro Economic Scenario
5. Global Proteinase K Market Size and Growth
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31. Global Proteinase K Market Competitive Benchmarking
32. Global Proteinase K Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Proteinase K Market
34. Proteinase K Market Future Outlook and Potential Analysis
35. Appendix
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