Global Nanozymes Market is anticipated to witness a robust CAGR in the forecast period, 2024-2028. The intrinsic enzyme activity of the class of nanomaterials known as nanozymes makes them particularly attractive for use in therapeutic and diagnostic procedures. Nanozymes are basically nanomaterials which mimic enzyme activities. Nanozymes are superior to natural enzymes because they can be engineered for high catalytic activity, simple production, cost effectiveness, stability, and reusability. Nanozymes are majorly composed of metals and metal oxides. The metallic active center can effectively mimic the catalytic electronic redox process enabled by natural enzymes. The enzyme mimicking activities are affected by various factors, such as the oxidation states of the metallic center, reduction agent, temperature, and pH. The design features of nanozymes differ from normal tissues provide typical therapeutic options for rational design and application of nanozymes in biomedicine.
The main driver of its market expansion for nanozymes is the usage in various end-user industries. The market has also grown due to the increased use of nanozymes in multiple sectors, including the chemical industry, food industry, agricultural industry, medical and bio-medical applications, and environmental science and technology. This has increased the demand of the overall market.
Moreover, Nanozymes, an alternative to natural enzymes, have several advantages over natural enzymes and have hastened the development of synthetic biocatalysts. These advantages of nanomaterials include smooth surface modification, low cost, high stability, dependable catalytic efficacy, and ease of manufacturing. Apart from these, favorable government policies for Nanozymes and technological advancement for new applications propel the growth of Global Nanozymes Market in the forecasted period.
Substitute for Conventional Enzymes
Nanozymes, have numerous benefits over natural enzymes, which have accelerated the creation of synthetic biocatalysts. The ease of synthesis, low cost, high stability, reliable catalytic efficacy, and smooth surface modification of nanomaterials are only a few of these benefits. Rigorous physiological conditions are necessary for natural enzymes to perform catalytic functions. The natural enzymes are not very stable under adverse environmental conditions. Additionally, the synthesis, isolation, and purification of natural enzymes is much higher than that of nanozymes, adding up to the overall cost. This in turn is creating a demand for substitutes such as nanozymes, thereby opening new prospects for the growth of global nanozymes market.
Usage of Nanozymes in various End-User industries
The market has expanded because of the increased use of Nanozymes in a wide range of industries, including Food Industry, Agriculture, Medical and Bio-Medical Applications,
Recent Developments
Currently, nanozymes can only be used to simulate enzymes accurately, specifically those needed for redox processes. Further research into the dynamics of natural enzymes is anticipated to lead to the development of more rational artificial enzyme designs. Moreover, iron oxide nanoparticles' peroxidase-like activity enables the catalysis of substrate oxidation in the presence of H2O2. As a plus, these particles are biocompatible and ferromagnetic, making them suitable for therapeutic and diagnostic applications. Ongoing advancements also aid in developing proteins that can be used to make novel enzymes in theoretical and computational protein design. Nanozymes will be able to compete with natural enzymes in terms of catalytic activity and selectivity with improved design.
Market Segmentation
Global Nanozymes Market is segmented based on
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Market players
Bionics Enviro Tech, NanJing NANOEAST BioTech CO.LTD, Nanozyme Inc., Institute of Biophysics Chinese Academy of Sciences, GenScript Biotechnology, Bloomage Bio are the key players operating in the market.
Attribute | Details |
Base Year | 2022 |
Historic Data | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2022 and 2023-2028 |
Report coverage | Revenue forecast, Volume Forecast, company share, competitive landscape, growth factors, and trends |
Segments covered | Type Application |
Regional scope | North America, Europe, Asia Pacific, South America, Middle East & Africa |
Country scope | United States; Canada; Mexico; China; India; Japan; Australia; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; South Africa; UAE, Saudi Arabia. |
Key companies profiled | Bionics Enviro Tech, NanJing NANOEAST BioTech CO.LTD, Nanozyme Inc., Institute of Biophysics Chinese Academy of Sciences, GenScript Biotechnology, Bloomage Bio |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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