An Incisive, In-depth Analysis on the Proteinase K Market
This study offers a comprehensive, 360 degree analysis on the Proteinase K market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Proteinase K market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
The importance of Proteinase K
Proteinase K is a broad spectrum and highly specific serine protease produced by the fungus Tritirachium album Limber. Proteinase K is useful in general digestion of protein in biological samples by cleaving peptide bonds adjacent to the carboxylic group of aliphatic and aromatic amino acids. Proteinase K helps remove the unwanted enzymes that are harmful to activity of DNA & RNA and produce high molecular genomic products. The stability of Proteinase K in SDS and urea and the ability to digest native proteins make it useful for a variety of applications, such as protein fingerprinting, removal of nucleases for protein purification, preparation of chromosomal DNA for pulsed-field gel electrophoresis.
Proteinase K considered in the report include lyophilized powder form and liquid form. The lyophilized powder is easy to store and the integrity of product remains the same for a long time. The required stock solution is made by adding distilled water at the time of reaction and it saves the wastage of product.
Global Proteinase K Market: Forecast
In terms of revenue, the global Proteinase K market is projected to register a CAGR of 6.1% during the forecast period and is expected to be valued at US$ 33.4 Mn by the end of 2026. Biotechnology companies dominated the end-user segment in the global Proteinase K market in 2015 and this segment expected to gain traction due to increasing research and developments, investments and adoption of gene therapies in developing regions. The global Proteinase K market is expected to represent US$ 15.8 Mn in terms of incremental opportunity between 2016 and 2026.
The spike of chronic diseases and alternate DNA purification methods likely to impact market behaviour
Growth of the global Proteinase K market is primarily driven by increasing prevalence of chronic diseases, increasing investment by government in research, rising global demand for gene therapy and increasing consumer awareness. In addition, good product stability and specificity and low production cost and wide application are expected to fuel market growth over the forecast period.
However, good availability of other proteases and introduction of new sophisticated technologies that are available for DNA purification might hinder market growth over the forecast period.
Global Proteinase K Market: Regional Forecast
North America is anticipated to dominate the Proteinase K market during the period of forecast. The Proteinase K market in North America is estimated to be valued at US$ 7.2 Mn by the end of 2017 and this is expected to increase to US$ 13.0 Mn by the end of the forecast period in 2026, witnessing a CAGR of 6.8% in terms of value. After North America, Western Europe and APEJ are expected to be the fastest growing markets in terms of revenue growth in the global Proteinase K market. The Western Europe Proteinase K market will register a CAGR of 5.7% and reach a market valuation of US$ 6.8 Mn by the end of 2026 while the APEJ regional market will reach a valuation of US$ 4.6 Mn by 2026 end, registering a CAGR of 6.1% during the forecast period.
Future Market Insights offers a 10-year forecast on the global Proteinase K market. The primary objective of the report is to offer updates and information related to market opportunities in the global Proteinase K market.
In this report Future Market Insights digs deep into the market and analyses several key factors which are influencing the growth of the market during the assessment period. Detailed profiles of Proteinase K product manufacturers are also included in the scope of the report to evaluate their long- and short-term strategies. In the final section of the report, a ‘competitive landscape’ has been included to provide a dashboard view of key companies operating in the global Proteinase K market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the global Proteinase K market and the potential players. This section also includes market strategies and SWOT analysis of the main players operational in the global Proteinase K market. The report projects the drivers and restraints affecting the global growth of the Proteinase K market. The report gauges the emerging trends in the market to equip the client with relevant information which will further help them to make a better decision. Macroeconomic factors that directly or indirectly affected the global Proteinase K market is also included in the report.
A section of the report gives a detailed insight on the regional markets. The report scrutinises the country-wise demand of Proteinase K. It tables a proper market outlook for 2016-2026 and gives revenue opportunities from different segments of the market. The report also talks about the total incremental opportunity of each segment during the forecast period.
In the final section of the report, we have measured the extending periphery of the market and also evaluated performances of the major shareholders present in the market.
How have we researched the market?
For market data analysis, we have considered 2015 as the base year, with market numbers estimated for 2016 and forecast made for 2017–2026. In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. In order to provide an accurate forecast, we have started by sizing up the current market, which forms the basis of how the global Proteinase K market is expected to develop in the future. The secondary research data is then triangulated on the basis of different verticals, considering both supply side and demand side drivers and other dynamics of the various regional markets, along with primary interviews of manufacturers and industry experts operating in the global Proteinase K market.
Also, we understand the ever-fluctuating nature of the global economy and hence, we not only conduct forecasts in terms of CAGR but also evaluate the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify growth opportunities for market players operating in the global Proteinase K market.
Another key feature of our report is the analysis of the global Proteinase K market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. Absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the Proteinase K market. Further, to understand key market segments in terms of their growth and performance in the global Proteinase K market, we have developed a market attractiveness index to help providers identify existing market opportunities.
Dual role of primary and secondary research:
Both primary and secondary research have played a crucial role in framing this report on the global Proteinase K market. We spoke with some of the key stakeholders of the market to understand the nature of the market and also got a detailed idea about the pricing and future trends likely to govern the market.
It’s a mature market:
The Proteinase K market is extremely mature as the production cost is low and the application is wide in the market. The shelf life of the product is also very good.
Some of the top manufacturers of Proteinase K are based in Turkey, Russia and India. The emerging brand conscious customers in the market will play a crucial role in driving these regional markets for Proteinase K.