According to a new report by Allied Market Research titled, "World Specialty Enzymes for Pharmaceuticals, Biotechnology R&D and Diagnostics - Market Opportunity and Forecast, 2014-2020", the global specialty enzymes market is expected to register a CAGR of 9.4% during 2015-2020. The pharmaceuticals application segment accounted for about half of the overall market share in 2014. The Asia Pacific market would exhibit the highest CAGR of 11.7% during the forecast period (2015-2020).

To know more about the report, visit the website at https://www.alliedmarketresearch.com/specialty-enzymes-market

Specialty enzymes are proteins that act as biocatalysts to accelerate chemical reaction and produce the desired results. Owing to low consumption and high degree of specificity, specialty enzymes are witnessing spurring demand in medical applications such as pharmaceutical, biotechnology research and diagnostics. The growing popularity of specialty enzymes in therapies for chronic diseases such as cancer, cardiovascular diseases, pain and inflammatory disorders among others is the vital force fuelling the market growth. In addition, growing awareness about enzyme-based therapeutics in the Asia Pacific and LAMEA region would further boost the market growth. However, safety concerns due to high vulnerability of enzymes towards contamination, would limit the overall market growth.

Pharmaceuticals is one of the major application segments which involves usage of specialty enzymes chiefly in drug formulation and drug delivery. However, the diagnostics segment would see limited growth over the forecast period, due to high cost of diagnostic enzymes (arising due to high purity requirements) and limitation related to accuracy of tests. Acylases enzyme segment dominated the global specialty enzyme market in 2014 and would continue to lead over the forecast period, due to its high utilization in pharmaceutical drug formulations.

Key findings of the study:

Pharmaceutical application segment is projected to register a CAGR of 9.7%, fastest among all application types
Proteases enzyme would emerge as one of the most lucrative segments in the global specialty enzyme market by 2020
Animal derived enzymes is projected to grow at a significant rate in global specialty enzyme source market
North America and Europe collectively accounted for around 2/3rd of the global pharmaceutical specialty enzymes market in 2014, and are expected to maintain their lead throughout the analysis period
Rise in ageing population in developed economies such as North America and Europe, leads to an increased demand for therapeutic enzymes. Furthermore, adoption of advanced enzymes such as immobilized enzymes is increasing chiefly due to high healthcare expenditure. This had led to the dominance of North America in global specialty enzymes market closely followed by Europe. However, Asia-Pacific region exhibits the highest growth potential in future, due to the increasing per capita healthcare expenditure, increasing awareness about enzyme therapy and rapidly increasing pharmaceutical manufacturing base.

Companies are adopting acquisition and product launch as few of their key strategies to increase the manufacturing capacity, expand their market presence and gain additional market share. Key companies profiled in the report are Novozymes, DuPont, Roche Holdings AG, BASF, Life technologies, Advance enzyme Technologies Ltd, Affymetrix Inc, and Codexis Inc.

Similar Market Studies Published by Allied Market Research -

World Enzymes Market - The increasing use of functional food and beverages (which contain enzymes), increasing demand for cellulosic and amylase biofuels along with effective pharmaceuticals & cosmetics, are some of the key factors that drive the growth of the global enzymes market during the analysis period.

To know more about world enzymes market report, visit the website at https://www.alliedmarketresearch.com/enzymes-market

World Food Enzyme Market - Counterfeiting of food packaging decreases the growth for food enzyme. Food processing companies such as Novozymes A/S, Palsgaard A/S, Purac Biochem B.V. are facing problems due to counterfeiting activities. The problems faced by food enzyme manufacturing companies are expected to be resolved as the governments are taking initiatives to overcome the restraints.

To view the food enzyme market report, visit the website at https://www.alliedmarketresearch.com/food-enzyme-market

World Protein Hydrolysis Enzymes Market - Increase demand in developed economies is spurring the market growth while opportunities in developing economies such as Asia-Pacific and Rest of the world still need to explore as these are the volume driven market. The report is analyzing the opportunities in available in the market and strategies adopted by the key market players engaged in this market.

To view the protein hydrolysis enzymes market Report, visit the website at https://www.alliedmarketresearch.com/protein-hydrolysis-enzymes-market

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.