Latest report published by Progressive Markets on global ligase enzyme market is expected to reach $918 million by 2026, globally, growing at a CAGR of 5.3% from 2018 to 2026.
Pune, July 06, 2018 (GLOBE NEWSWIRE) -- According to a new report published by Progressive Markets Report, titled, "Global Ligase Enzyme Market: Opportunity Analysis and Industry Forecast, 2015-2026," the global ligase enzyme market was valued at $503 million in 2015, and is projected to reach $918 million by 2026, growing at a CAGR of 5.3% from 2018 to 2026. Ligases are a specific type of enzymes, which are used to join two large molecules such as DNA. These enzymes are extensively used in cloning, mutation detection, gene synthesis, and next-generation sequencing.
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The major factors that bolster the growth of the ligase enzyme market include increase in research activities and rise in R&D investments to develop ligases as targets for therapeutic intervention of cancer. Moreover, increase in incidence of birth genetic disorders and infectious diseases is expected to drive the market growth, as ligases find application in the detection of birth mutations and infectious diseases. However, handling and safety issues related to enzymes and constraints pertaining to the chemical & physical properties of enzymes restrain the market growth.
Based on source, microorganism generated the maximum revenue in the global ligase enzyme market in 2026. However, animal source is expected to witness the highest CAGR of 7.0% during the forecast period.
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The report highlights the overview, business performance, key strategic moves & developments, and market share with respect to the key players operating in the market. Important players studied in the report include Novozymes A/S, Koninklijke DSM N.V., DowDuPont Inc., BASF SE, Advanced Enzyme Technologies Ltd., AB Enzymes GmbH, Codexis, Inc., Amano Enzyme, F. Hoffmann-La Roche Ltd., and Thermo Fisher Scientific Inc. Information about the players assists in assessing the competitiveness prevailing in the global ligase enzyme market
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