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Specialty Enzymes Market - Market Leader and Competitive Landscape
North America was the largest market for the demand of Specialty enzymes with U.S commanding a major share of the market. Growing concern on health care, cosmetics led the demand of pharmaceuticals in drugs and cosmetics. North America was the one of the largest segments for the use of pharmaceuticals enzymes. The demand for specialty enzyme increased in recent years due to introduction of new drugs used in enzyme replacement therapy.
Specialty enzymes have a significant market in developed regions such as North America and Europe, yet emerging economies such as Asia-Pacific and the Latin American regions hold a tremendous potential customer. The global specialty enzyme market can be classified on the basis of the enzyme source, its application, and the geographic segmentation that signifies its importance in the major economic zones of the world.
The Asia-Pacific region is witnessing a demand for specialty enzymes due to the expansion strategies of global pharmaceutical companies situated in this region. Rapid industrialization and development in infrastructure as well as cooperation from local governments has driven the market for specialty enzymes in the Asia-Pacific region.
The report is focused on the detailed study of specialty enzymes types, applications, and sources in different geographical regions with a thorough analysis of the market players in the specialty enzymes business. Novozymes (Denmark), Amano Enzymes Inc. (Japan), Codexis Inc. (U.S.), Sanofi S.A. (France), F.Hoffmann-La Roche Ltd. (Switzerland), etc., are key players in the specialty enzymes industry and their recent development strategies were studied. Extensive investments are made in research & development to develop advanced products so that a maximum market share can be occupied by introducing new and improved products to suffice the customers’ demands.
The market for specialty enzymes is anticipated to generate significant amounts of revenues, considering the increasing demand for pharmaceuticals, diagnostics, bio-catalyst, and research & biotechnology products
Enzymes form an integral part of the global pharmaceutical industry. They play a vital role in enhancing the manufacturing process as well as facilitating cost mitigation. The global concerns about chronic diseases such as cardiac disorders, cancer, diabetes, and neural disorders have increased the universal demand for pharmaceuticals as well as diagnostic solutions. This has exponentially spiked the demand for enzymes to new heights. Specialty enzymes are primarily utilized to produce pharmaceuticals, diagnostics solutions, biocatalysts, and research & biotechnology.
Specialty Enzymes Market by Source (Microorganism, Plant, Animal), Type (Carbohydrases, Protease, Lipase, Polymerases & Nucleases), Application (Pharmaceutical, Research & biotechnology, Diagnostic, Bio-Catalyst) & Geography - Global Trends & Forecasts to 2018
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