Global Urease Market To Be Driven By The Increasing Demand For Biosensors In The Forecast Period Of 2023-2028
The new report by Expert Market Research titled, ‘Global Urease Market Analysis, Size, Share, Price, Report and Forecast 2023-2028’, gives an in-depth analysis of the global urease market, assessing the market based on its segments like sources, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 7.5% (Global Enzymes Market)
Urease is crucial for the manufacturing of biosensors. In this regard, the increasing application of biosensors in haemodialysis systems is driving the market growth. In addition to this, the increasing prevalence of haemodialysis owing to the increasing geriatric population and rising kidney problems among the working-class population is further propelling the demand for urease.
Over the forecast period, the increasing utilisation of the product in clinical chemistry for various clinical research uses is anticipated to provide impetus to the market. In terms of region, North America accounts for a significant share of the market owing to the high research and healthcare expenditure in countries such as the United States of America.
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Urease Industry Definition and Major Segments
Urease refers to an enzyme which belongs to the class of phosphodiesterase and amidohydrolase. It is majorly utilised to catalyse the hydrolysis of urea to form ammonia and carbon dioxide. It is found in animal tissues, intestinal microorganisms, and various plant seeds. It is widely used in biosensors employed in the medical field.
On the basis of source, the market can be segmented into:
- Plant
- Jack Beans
- Soybeans
- Others
- Bacterial
- Fungi
- Others
Based on application, the market has been segmented into:
- Biosensors
- Clinical Chemistry
- Others
The regional markets for urease include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Urease Market Trends
The key trends in the urease market include the growing research and development activities across the clinical chemistry sector. The increasing expansion of the medical diagnostic companies across the emerging economies are further generating a significant demand for the product. Moreover, the increasing healthcare expenditure to bolster the comfort during haemodialysis, rising health awareness, and rising disposable income are anticipated to be the crucial trends in the market.
Furthermore, the rapid research activities in the fertiliser sector are further bolstering the demand for urease. The market growth is likely to be aided by the technological advancements in biosensors.
Key Market Players
The major players in the market are:
- BBI Solutions
- Sekisui Diagnostics Limited
- Sisco Research Laboratories Pvt. Ltd.
- Calzyme Laboratories, Inc.
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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