Growing Global Demand for Proteinase K Market is Expected to Rise at a Yearly Growth rate of 7% CAGR to Cross a Worth of US$ 48.5 Mn by year 2032-end. Data Report by Experts at Future Market Insights, Inc.

NEWARK, DE / ACCESSWIRE / December 7, 2022 / The global proteinase k market is predicted to reach a value of US$ 48.5 Mn in 2032, with sales growing at a positive CAGR of 6.5% from 2022 to 2032. Valued at US$ 24.4 Mn in 2021, the target market will reach an estimated US$ 25.9 Mn by the end of 2022. Escalating consumer awareness of health benefits associated with proteinase K along with increasing research and development activities will propel the growth of the proteinase K market during the forecast period.

Proteinase K finds application in in-vitro diagnostics, in the treatment of paraffin-embedded tissue sections during antibody labelling, extraction of mitochondria from hepatic cells, digestion of proteins from clinical tissue samples, and the analysis of the localization of enzymes on membranes. These major usage of proteinase K will likely fuel the market growth in the global space.

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Heightened consumer awareness of proteinase K related health benefits coupled with rising research and development activities aid the growth of the target market. The surging technological progress in life science sector is expected to produce a good opportunity for the proteinase K market during 2022-2032. Moreover, low production cost, increasing healthcare spending, and vast application are inducing high potential growth opportunities for the global proteinase K market participants.

Again, the rising cases of chronic diseases like cancer, cardiovascular disorders, and blood disorders will spur the demand for proteinase K market globally. In addition, factors like good product stability and specificity will underpin the target market growth. All of these considerations are likely to aid the growth of the proteinase K market during the forecast period.

"The use of proteinase K is particularly high among gene therapy for hereditary diseases including diabetes, down syndrome and many others. This is expected propel the global growth of the proteinase k market over the forecast period," says an FMI analyst.

Key Takeaways:

• Development of advanced DNA purification technology and availability of other proteases may hamper market prospects.
• The proteinase K market in the United States will grow at a CAGR of 7.4% during 2022-2032.
• Germany's proteinase K market will record a CAGR of 7.3% during the assessment period.
• By form, the lyophilized powder form will expand at a CAGR of 6.8%.
• On the basis of application, the isolation and purification of genomic DNA & RNA will register a CAGR of 7.0%.

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Competitive Landscape

Thermo Fisher Scientific Inc., Merck KGaA, Qiagen N.V., F. Hoffmann-La Roche Ltd., New England Biolabs, Worthington Biochemical Corporation, Norgen Biotek Corp., BIORON GmbH, Sds Manager, Sisco Research Laboratories Pvt. Ltd., Bioline (Meridian Biosciences Inc.), Promega Corporation, Codexis, Inc., Amano Enzyme Inc., Advanced Enzymes Technologies Ltd., Biocatalysts Ltd., Amicogen, Dyadic International, BBI Solutions, and American Laboratories, among others are some of the major players in the proteinase k market profiled in the full version of the report.

In a highly fragmented market, key market participants are concentrating on increasing their consumer base. These firms employ strategic partnerships, collaborations, mergers and acquisition tactics to strengthen their market position.

More Insights into Proteinase K Market Report

In its latest report, FMI offers an unbiased analysis of the global proteinase kmarket, providing historical data from 2014 to 2022 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of form (lyophilized powder form, liquid form), application (isolation and purification of genomic DNA & RNA, in situ hybridization, mitochondria isolation, enzyme removal), end user (contract research organization, academic institutes, biotechnology companies, diagnostic laboratories), and region.

According to the latest FMI reports, based on segmentation, the isolation and purification of genomic DNA & RNA segment will likely contribute significantly to the overall market growth. This segment is expected to record a CAGR of 7.0%. In terms of form, the lyophilized powder form will register a high CAGR of 6.8% during the projected period.

Based on region, the proteinase K market in the United States will show major growth during 2022-2032. The target market in this region will expand at a CAGR of 7.4%. This growth can be attributed to a surge in research and development activities, development of PCR tools, utilization of advanced sequencing technology. The extensive application of proteinase K in this region further propels the growth of the target market. In addition, Japan and Germany also exhibit impressive growth in the proteinase K market during the forecast period.

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Key Market Segments Covered in Proteinase K Industry Research

By Form:

• Lyophilized Powder Form
• Liquid Form

By Application:

• Isolation and Purification of Genomic DNA & RNA
• In situ Hybridization
• Mitochondria Isolation
• Enzyme Removal

By End User:

• Contract Research Organization
• Academic Institutes
• Biotechnology Companies
• Diagnostic Laboratories

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage/ Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Inclusions and Exclusions

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Development/Innovation Trends

Complete TOC with Report Preview: https://www.futuremarketinsights.com/reports/proteinase-k-market

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