North America Medical Enzyme Technology Market

Market Introduction

Enzymes are proteins produced in living cells of plants, animals, and microorganisms. All living organisms require enzymes for growth and for the production and utilization of energy which is essential for life. In the living cell, enzymes act as catalysts to speed up the chemical reactions which control life processes. Enzymes have been significant industrial products for more than a hundred years. However, the range of potential applications is increasing rapidly. With the advent of recombinant DNA technology, it has become possible to make formerly rare enzymes in large quantities and hence to reduce cost. Also, in pharmaceutical manufacturing, the desire to make chirally pure compounds is leading to new opportunities. Technological advances have facilitated the use of enzymes over an increasingly broad range of process conditions.

Thus, the significant increase in research and development activities is expected to create a significant demand for medical enzyme technology in the coming years, which is further anticipated to drive the medical enzyme technology market.

In the North American region, the US was profoundly affected by the outbreak of the COVID-19 pandemic. The country has marked the highest number of positive patients and still facing the second wave of COVID-19. Across the various healthcare sectors, the effect of a pandemic can be felt, resulting in various changes in the health care industry. Scientists are working together to produce and exchange genomic sequence data information, which can be used in disease detection and control efforts. The US is increasing its ability to track coronavirus mutations and has demand for digestive enzymes. It has also been documented that SARS-CoV-2 infection can cause liver damage, and that abnormal liver function and liver enzymes are associated with the severity of COVID-19. Extreme COVID-19 patients have higher levels of aspartate aminotransferase, alanine aminotransferase, and total bilirubin (TBL) than non-severe COVID-19 patients. Elevated hepatic enzymes are also more common in COVID-19 patients treated in the ICU compared to those not treated in the ICU. During the treatment of the first COVID-19 confirmed case in the United States, there was an overall increase in hepatic enzymes, indicating that SARS-CoV-2 infection would directly affect the liver. All such aspects will add to the future demand for the North America region's Medical Enzyme Technology market.

Market Overview and Dynamics

The Medical enzyme technology market in North America is expected to grow from US$ 1,783.1 million in 2021 to US$ 2,857.6 million by 2028; it is estimated to grow at a CAGR of 7.0% from 2021 to 2028. Biopharmaceuticals are among the growing business segments of the pharmaceutical and biotechnology industries. Since their introduction in 1982, biopharmaceutical drugs have revolutionized the treatment of a broad spectrum of diseases, and they are increasingly used in nearly all medicine branches. Despite the immense time and financial effort required, the market of biopharmaceuticals is rapidly growing. In 2017, India-based Biocon received the US Food and Drug Administration (FDA) approval for Ogivri, a biosimilar to Herceptin (trastuzumab). That is the first biosimilar approved in the US to treat breast and stomach cancer and the second biosimilar approved in the country for cancer treatment.

Key Market Segments

In terms of enzyme type, the hydrolases segment accounted for the largest share of the North America medical enzyme technology market in 2020. In terms of application, the disease treatment segment accounted for the largest share of the North America medical enzyme technology market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the medical enzyme technology market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Merck Kgaa, Thermo Fisher Scientific Inc., Novozymes, Takeda Pharmaceutical Company Limited, Agilent Technologies, Inc., Genzyme Corporation, Asahi Kasei Corporation, Promega Corporation, Cytiva, and Amano Enzyme Inc.

Reasons to buy report

• To understand the North America Medical enzyme technology market landscape and identify market segments that are most likely to guarantee a strong return
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• Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

NORTH AMERICA MEDICAL ENZYME TECHNOLOGY MARKET SEGMENTATION

By Enzyme Type

• Digestive Enzymes
  • L-asparaginase
  • Lactase
  • Others
• Thrombolytic Enzymes
  • Streptokinase
  • Urokinase
  • Others
• Hydrolases Enzymes
  • Hyaluronidase
  • Lysozymes
  • Others
• Endonucleases Enzymes
  • Benzonase
  • Others

By Application

• Disease Treatment
• Diagnostic Tools
• Biomedical Research
• Others

By Country

• North America
  • US
  • Canada
  • Mexico

Companies Mentioned

1. Merck Kgaa
2. Thermo Fisher Scientific Inc.
3. Novozymes
4. Takeda Pharmaceutical Company Limited
5. Agilent Technologies, Inc.
6. Genzyme Corporation
7. Asahi Kasei Corporation
8. Promega Corporation
9. Cytiva
10. Amano Enzyme Inc.

North America Medical Enzyme Technology Market Strategic Insights

North America Medical Enzyme Technology Market Segmentation Analysis

North America Medical Enzyme Technology Market Report Highlights

North America Medical Enzyme Technology Report Scope

North America Medical Enzyme Technology Market Country and Regional Insights