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Horseradish Peroxidase Market Share

Report ID: GMI9712
Published Date: May 2024
Report Format: PDF

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Horseradish Peroxidase Market Share

The market for horseradish peroxidase is characterized by fragmentation due to the presence of numerous established and small-scale vendors worldwide offering variety of grades of horseradish peroxidase. Established market players possess extensive experience and significant financial resources to invest in research and development for developing high purity and high sensitivity grade horseradish peroxidase. On the other hand, smaller companies rely on low pricing strategies to compete with established vendors globally.

Horseradish Peroxidase Market Companies

Prominent players operating in the horseradish peroxidase industry include:

Abcam Limited
Abnova Corporation
BBI Solutions
Bio-rad Laboratories, Inc.
Creative Enzymes
Enzo Life Sciences, Inc.
F. Hoffman-La Roche Ltd.
Faizyme Laboratories (Pty) Ltd
GenScript
Merck KGaA
Oriental Yeast Co., Ltd.
Promega Corporation
Santa Cruz Biotechnology, Inc.
Takara Bio Inc.
Thermo Fisher Scientific Inc.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global horseradish peroxidase market size was valued at USD 64.1 million in 2023 and is anticipated to showcase growth at 7.5% CAGR from 2024 – 2032, driven by increasing demand for immunoassays in disease diagnosis and growing investments in biomedical research.

The immunoassays segment held 65.7% of the market share in 2023 and will grow rapidly through 2032, attributed to increasing use of horseradish peroxidase-based antibody assays across diagnostic testing requiring high sensitivity.

North America horseradish peroxidase market accounted for 40.6% share in 2023 and is predicted to reach USD 47.8 million by 2032, attributed to increasing demand of horseradish peroxidase-based assays for diagnostic testing.

Abcam Limited, Abnova Corporation, BBI Solutions, Bio-rad Laboratories, Inc, Creative Enzymes, Enzo Life Sciences, Inc, F. Hoffman-La Roche Ltd., Faizyme Laboratories (Pty) Ltd, GenScript, and Merck KGaA among others.