According to a new market research report published by sheer analytics and insights, “The Global Proteinase K Market was valued at $67.2 Million in 2020. Growing at a high CAGR of more than 5.3% between 2021 and 2031”, it is estimated to reach $121.3 Million by 2031, as per the latest market research report titled, Global Proteinase K Market - Industry analysis, size, share, growth, trends, and forecast, 2021-2031.
Proteinase K is a serine protease generated by the fungus Tritirachium album Limber. It is used as a reagent or enzyme in different chemical reactions. It helps to digest the unwanted nuclease in protein purification and provides a pure sample of high molecular weight DNA & RNA. However, Proteinase K has various applications such as mitochondria isolation, enzyme removal, isolation and purification of nucleic acid, and PCR purification. The rising prevalence of chronic diseases is anticipated to drive the market over the forecast period. Apart from that, the rising demand for gene therapy across the globe is the primary factor for market growth. Moreover, increasing investment, growing research, and consumers' awareness drive the market during the forecast period.
However, in this current pandemic of COVID-19, the Proteinase K market was affected much. It changes the growth rate graph slightly in the Proteinase K market. People are spending more money on gene therapy, which propels the market growth. Apart from that, the rising of the healthcare center and research center across the world is anticipated to offer a massive opportunity for market growth in the next forecast period of 2021 to 2031.
Geographically, The Proteinase K Market is divided into global regions like North America, Europe, Asia- Pacific, Latin America, Middle East, and Africa.
The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include Merck KGaA; Codexis, Inc.; F. Hoffmann-La Roche Ltd.; Amano Enzyme Inc.; Advanced Enzymes Technologies Ltd.; Biocatalysts Ltd.; Amicogen; Dyadic International; BBI Solutions; Affymetrix; American Laboratories, New England Biolabs, Worthington Biochemical Corporation, Norgen Biotek Corp., BIORON GmbH among others.
The Global Proteinase K Market Has Been Segmented into:
Global Proteinase K Market: By Therapeutic Area Outlook
Global Proteinase K Market: By Form
Global Proteinase K Market: By Region