Peptide Synthesis Market- Demand, Growth & Opportunity By 2033 |
Posted: April 8, 2024 |
The Global Peptide Synthesis Industry is on a trajectory of exponential growth, with projections indicating it will achieve a valuation of US$1.1 billion by 2033. In 2023, the market is expected to reach US$520.0 million, driven by a strong Compound Annual Growth Rate (CAGR) of 8% during the forecast period. The burgeoning demand for peptide synthesis is primarily spurred by the escalating incidence of metabolic disorders and chronic diseases, including diabetes, oncology, and obesity. This trend reflects a pressing need for innovative medical solutions. Peptide synthesis has gained favor in this context due to its wide-ranging chemical versatility, potent biological activities, and low toxicity. Furthermore, the market is witnessing a surge in adoption owing to the increasing requirement for pharmacological components in medication. The growing demand for treatments targeting cardiovascular, neurological, and renal failures further expands the market. Request a Sample Copy of This Report Now. Governments’ initiative programs, advanced healthcare therapy with adopting the latest technology, and research and development activities are further surging the market opportunities. Rising consumer healthcare and pharmaceutical sectors are increasing the demand for peptide synthesis. Moreover, the growing malignancies, uneven lifestyles, and deadly diseases propel market opportunities. Due to its effective result, the growing popularity of enzymatic technology upsurges market growth among patients. How Key Players Faced Threats in the Market? Due to the lack of a peptide purification system, several therapeutic peptides go through the parenteral route. The adoption of peptide synthesis medications is widely used to treat a chronic illness for a long period of treatment, may face a problem for key players. Enzymatic breakdown and limited intestinal mucosa are a few causes of adopting oral peptide drugs. These medicines have poor lipophilicity and charged functional groups, which are difficult to handle or absorb. However, several peptide synthesis companies are given that peptides have short half-lives and limited bioavailability. Fast metabolism and conformational changes restrict protein therapies and the bioavailability of peptides. Pharmaceutical and Biotechnology Sectors Leading the Market Growth Growing research and development activities, low-cost therapies, and efficient and low toxicity are a few important factors that propel market growth. The significantly growing advanced technology in the pharmaceutical and biotechnology sectors is driving peptide synthesis market expansion. In 2022, according to Science Direct, advanced oral drugs treated diabetes patients through peptide medications. Moreover, in Jan 2022, Novo Nordisk launched its new and world’s first diabetes management ‘peptide in a pill’.All these developments are boosting the pharmaceutical and biotechnology sectors. Methodology Details Just a Click Away! Increasing Patients of Chronic Disease Dominates the United States Market The United States is leading the global market by capturing an impressive CAGR of 7.8% during the foreseen time. Increasing chronic patients, including cardiovascular and diabetes, are fostering the market growth. The rising demand for peptide-based vaccines is increasing the demand for peptide synthesis. According to a report by the American Cancer Society, around 1.9 million new cancer cases grew in the United States. The innovation of new drugs, rising government policies, and new market entrance are surging the United States peptide synthesis market opportunities. Key Takeaways:
Competitive Landscape: The present prominent players fragmented the market. These players invested a huge amount in research and development activities to acquire maximum output. Through their marketing strategies, these prominent players upsurge the market growth. Key Players:
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