Asia Pacific In-vitro Diagnostics Enzymes Market Size & Outlook
Asia Pacific in-vitro diagnostics enzymes market, 2018-2030 (US$M)
Asia Pacific in-vitro diagnostics enzymes market highlights
- The Asia Pacific in-vitro diagnostics enzymes market generated a revenue of USD 522.3 million in 2023.
- The market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, proteases was the largest revenue generating enzyme type in 2023.
- Proteases is the most lucrative enzyme type segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 522.3 million |
| Market revenue in 2030 | USD 966.5 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Proteases |
| Fastest growing segment | Proteases |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Proteases |
| Key market players worldwide | Biocatalysts Ltd, Merck KGaA, Codexis Inc, Roche Holding AG, Amano Enzyme, Advanced Enzymes, Amicogen, Dyadic International Inc, BBI Solutions, Affymetrix, American Laboratories, Inc. |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.0% of the global in-vitro diagnostics enzymes market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 966.5 million by 2030.
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In-vitro Diagnostics Enzymes Market Scope
In-vitro Diagnostics Enzymes Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific in-vitro diagnostics enzymes market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to in-vitro diagnostics enzymes market will help companies and investors design strategic landscapes.
Proteases was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Asia Pacific in-vitro diagnostics enzymes market based on proteases covering the revenue growth of each sub-segment from 2018 to 2030.
Presence of huge target population, improvements in healthcare infrastructure, and high unmet clinical needs, increase in government initiatives, rise in R&D activities for advanced diagnostic techniques, and increased healthcare expenditure are some factors anticipated to create growth opportunities for key manufacturers in this region.
In addition, growing prevalence of infectious diseases such as HIV/AIDS, hepatitis, and immune system disorders is anticipated to boost the demand for IVDs during the forecast period. Continuously decreasing cost of sequencing and DNA manipulation acts as a demand driver for the increase in the adoption of enzymes for diagnostic, biotechnology, & research use.
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Target buyers of Asia Pacific in-vitro diagnostics enzymes market databook
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Our clientele includes a mix of in-vitro diagnostics enzymes market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific in-vitro diagnostics enzymes market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific in-vitro diagnostics enzymes market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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