"Designing Growth Strategies is in our DNA"
Enzymes or biocatalysts are produces in the human body from amino acids that the body obtains by digesting food proteins. Therapeutic enzymes are the special type of enzymes that are used for medical purposes either in their conjucation or isolated form. These enzymes have a broad variety of uses as thrombolytics, oncolytics, anticoagulants, or as replacements for some metabolic deficiencies. Rising patient pool for leukemia, other cancers, cardiovascular diseases, skin ulcer, etc., growing sedentary lifestyle responsible for increasing stress and subsequently giving rise to diseases, and improving healthcare services are some of the factors that are contributing to drive the therapeutic enzymes market growth during the forecast period. For instance, according to the National Cancer Institute, in 2017, around 434,982 people suffered from leukemia in US.
The overall therapeutic enzymes market is expected to witness remarkable growth during the forecast period due to factors such as rising patient pool for diseases such as leukemia, other cancers, cardiovascular diseases, skin ulcer, etc., and growing sedentary lifestyle responsible for increasing stress and subsequently giving rise to diseases. However, availability of alternate options for therapeutic enzyme therapy at lower cost is one of the major restraint of the market during the forecast period.
Key Market Driver -
Increasing prevalence of cancers, sedentary lifestyle, and growing use of advanced medications based on protein molecules
Key Market Restraint -
High cost of the therapeutic enzyme products and complex processing
Globally, the therapeutic enzymes market can be segmented on the bases of the product type, application, end-users, and region. Based on the product type the market can be segmented into asparaginase, streptokinase, lipase, collagenase, lysozyme, and others. Based on the application, the market can be segmented into leukemia, antiviral therapy, stomach disorders, skin ulcers, and others. Based on the end-users, the market can be segmented into hospitals, clinics, research laboratories, and others. Geographically, the therapeutic enzymes market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Some of the major companies that are present in the therapeutic enzymes market are F. Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc., Codexis., DSM, Novozymes, and other prominent players.
To gain extensive insights into the market, Request for Customization
Geographically, the therapeutic enzymes market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is expected to lead the therapeutic enzymes market owing to the highly improved and advanced healthcare services, rising prevalence of leukemia along with growing awareness among the population. In Europe, the market is projected to expand owing to the development of novel therapeutic enzyme therapy and partnership activities of major market players. For instance, in January 2020, Codexis and Nestlé Health Science entered into a strategic collaboration with an aim to discover new enzyme therapy for potential treatment for GI disorders. Asia Pacific, on the other hand, is anticipated to grow with a remarkable growth rate due to an increasing patient pool of cancers and diseases requiring the therapeutic enzyme therapy.
The market in Latin America and the Middle East & Africa is likely to have a moderate growth during the forecast period owing to the rising patient awareness about therapeutic enzymes and growing governmental and non-governmental initiatives for improving the healthcare infrastructure.
By Product Type
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry