Michaelis–Menten kinetics is one of the best-known models of enzyme kinetics. The model serves to explain how an enzyme can cause kinetic rate enhancement of a reaction and explains how reaction rates depends on the concentration of enzyme and substrate.The general reaction scheme of an enzyme-catalyzed reaction is as follows:
where E is enzyme, S is substrate, P is product and ES is enzyme-substrate complex.
Michaelis Menten equation is given by:
Here, Vmax represents the maximum rate achieved by the system, happening at saturating substrate concentration. The value of the Michaelis constant KM is numerically equal to the substrate concentration at which the reaction rate is half of Vmax.