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New Revenue Pockets - Specialty Enzymes Market
Polymerases and nucleases enzymes are expected to achieve the fastest growth due to the increasing interests of pharmaceutical companies in using biotechnology to bring about new drugs in the market, as well as the rapid development of new diagnostic tests that target DNA and RNA substrates.
Polymerases and nucleases both work on nucleic acid polymers such as RNA and DNA, and are commonly used for manufacturing specialty products. Polymerase is an enzyme that synthesizes the polymers of nucleic acids. DNA polymerase and RNA polymerase are used to assemble the DNA and RNA molecules by copying a DNA or RNA template strand using base-pairing interactions. Nucleases are common enzymes vital for the cellular and viral development of both the DNA and RNA. Polymerases and nucleases will achieve the fastest growth due to the growing interest of pharmaceutical companies in using biotechnology to bring new drugs to market, as well as the rapid development of new diagnostic tests that target DNA and RNA substrates.
The Brazilian, Indian, and Chinese markets for specialty enzymes are turning out to be crucial pocket regions, due to growing economies, higher disposable income, and health awareness. These countries are projected to offer large potential to the specialty enzymes, due to their huge population density and keen enthusiasm towards developments.
Specialty enzyme demand is indicated by the outlook for the pharmaceutical sector, as it impacts not only the demand for enzymes used as pharmaceuticals, but also the demand for bio-catalysts used in pharmaceutical production, and enzymes used in research & biotechnology applications. Improvement in health care, innovations in technologies, and a growing manufacturing base are drivers for the pharmaceuticals and diagnostics market. Diagnostics have a wide array of applications in the physician’s offices, laboratories, and hospitals.
Diagnostic procedures that use enzymes are widely conducted in hospital laboratories and by consumers at home for routine urinalysis, blood chemistry determinations, along with immunological and microbiological testing. While the key market sector is the clinical in vitro diagnostics industry, the food industry is also increasingly utilizing enzyme-based diagnostics due to heightened health and safety concerns, though this sector accounts for a very small percentage of the diagnostics market.
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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