Trypsin Market, by Source (Bovine and Porcine), by Product Type (Kits and Reagents), by Application (Protein Identification, Quantitative Analysis, Differential Expression, and Post-translational Modifications), by End User (Academic & Research Institutes, Pharmaceutical Companies, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published In : Jan 2022

Code : CMI4866

Pages :197

Formats :

Excel and PDF

Industry : Clinical Diagnostic

Trypsin MarketSize and Trends

The global trypsin market is estimated to be valued at US$ 42.95 million in 2021 and is expected to exhibit a CAGR of 4.3% during the forecast period (2021-2028).

Increasing product launches is expected to drive the market growth during the forecast period.

The increasing product launches is expected to drive growth of the global trypsin market over the forecast period. For instance, in May 2017, Merck KGaA announced the launch of advanced proteomics grade SOLu-Trypsin. Moreover, SOLu-Trypsin is a stable enzyme for mass spectrometry.

Figure 1.Global Trypsin Market Share (%) in Terms of Value, by Source, 2021

The use of trypsin to treat common cold is expected to drive the market growth during the forecast period.

Manufacturers are engaged in the development of trypsin (ColdZyme) in oral spray to protect against COVID-19 and common colds. The use of trypsin to treat common cold diseases will provide various market players the opportunity to expand their product portfolio. For instance, according to an article published in International Environmental Research and Public Health, in May 2021, ColdZyme, a medical device mouth spray, developed by Enzymatics, a leading producer of reagents, kits, and assays, stated that it inactivates the human coronavirus and SARS-CoV-2, as well as rhinovirus, adenovirus, influenza, and respiratory syncytial virus (RSV).

Global Trypsin Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization has declared it a public health emergency on January 30, 2020.

COVID-19 can affect the economy in three main ways; by directly affecting production and demand, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries such as China, India, Saudi Arabia, UAE, Egypt, and others are facing problems with regards to transportation of drugs from one place to another.

Furthermore, players operating in the global trypsin market are facing major challenges on various fronts due to the COVID-19 pandemic. The major challenges include supply of raw materials required for manufacturing and drug formulations due to irregularities in transportation. Moreover, distributors are experiencing irregular demand for products from the retailers due to an increase in the number of patients suffering from COVID-19 and other life threatening disorders.

Figure 2. Global Trypsin Market Share (%), by Product Type, 2021