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Medical Enzyme Technology Market to Witness Robust Expansion by 2027 | Thermo Fisher Scientific Inc , Merck KGaA, Genzyme Corporation (Sanofi), Promega Corporation
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Medical Enzyme Technology Market to Witness Robust Expansion by 2027 | Thermo Fisher Scientific Inc , Merck KGaA, Genzyme Corporation (Sanofi), Promega Corporation
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The global medical enzyme technology market is expected to reach US$ 6,700.00 million by 2028 from US$ 4,012.57 million in 2020; it is estimated to grow at a CAGR of 6.7% during 2021-2028.
Enzymes play a crucial role in the metabolic activities of all organisms. They have an extensive range of applications in microbial biotechnology and diagnosis processes. Abnormalities in enzyme metabolism system leads to many metabolic diseases. Many enzymes are being widely used in the clinical examination as a specific disease marker. Further, medicinal enzymes can be used as medicines to treat a range of diseases. They are characterized by remarkable curative effect and insignificant side effects. For example, trypsin can be used to accelerate wound healing, dissolve blood clots, remove necrotic tissue, and inhibit contaminant growth (in cell cultures). L-asparaginase can be used to treat cancer by depriving nutrients
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ALBANY, N.Y., May 17, 2021 /PRNewswire/ Growing sources of enzymes and ceaseless advances in the processing technologies continue to open breakthroughs in biotechnology. Strides by medical enzyme technology market have opened new avenues in human disease diagnosis and treatment. The technology itself has made striking leaps on back of industry players harnessing the various tools most notably recombinant DNA technology and protein engineering to meet emerging demands. These tools have enabled medical researchers to modify enzymes and add to the repository of knowledge of medical-grade enzymes. Interesting cases in point are preserving the thermo stability after immobilization and improving the stability of the promising category of medical enzymes, all of which point to the vast revenue potential in the medical enzyme technology market.