According to SPER Market Research, Global Peptide Synthesis Market, burden of chronic disorders is increasing. The rising therapeutic applications of peptides for various chronic diseases are driving the growth of this market.
Peptides are small chain of amino acids. Some of the peptides have therapeutic benefits in renal, cardiovascular and neurological diseases. In COVID-19 pandemic, research and development has been emphasised for the immunization against the coronavirus utilizing peptide-based vaccines.
Market Overview (2022-2030)
· Forecast CAGR (2022-2030): 6.5%
· Forecast Market Size (2030): 908 Million
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Impact of COVID-19 on the Peptide Synthesis Market:
The COVID-19 pandemic has boosted the investments in research and development of peptide-based vaccines. The unique features of peptides such as specificity, selectivity has attracted pharmaceutical and biotechnology companies to bring peptide drug delivery systems to forefront. The advances in peptide therapeutics have increased the demand for reagents and equipment for peptide production.
Industry Definition and Major Segments:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
Peptide Synthesis Market by Product & Service:
· Product & service.
· Market has been segmented into Reagents.
· Equipment.
· Services.
Peptide Synthesis Market by Reagents:
· Resins.
· Amino acids.
· Coupling Reagents.
· Dyes and Fluorescent labeling reagents.
· Other Reagents.
Peptide Synthesis Market by Equipment:
· Peptide Synthesizers.
· Chromatography Equipment.
· Lyophilizes.
Peptide Synthesis Market by Technology:
· Solid-Phase Peptide Synthesis.
· Solution-Phase Peptide Synthesis.
· Hybrid & Recombinant Technology.
Peptide Synthesis Market by End User:
· Pharmaceutical & Biotechnology companies.
· CDMOs & CROs.
· Academic & Research Institutes.
Peptide Synthesis Market by Region:
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East & Africa
This research also includes important market drivers and restraints for the forecast period. The study also covers several developments potential.
Key Market Players:
The Global Peptide Synthesis Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as AAPPTec, Advanced Chemtech, AmbioPharm Inc., AnyGen Co., Ltd., Aurigene Pharmaceutical Services Ltd., Bachem Holding AG, Bio-Synthesis Inc., Biotage AB, CEM Corporation, ChemPep Inc., Corden Pharma International, CPC Scientific Inc., CSBio, Dalton Pharma Services, GenScript Biotech Corporation, JPT Peptide Technologies GmbH, Kaneka Corporation, Luxembourg Bio Technologies Ltd., Merck KGaA, Mesa Laboratories inc., ProteoGenix, Purolite Pvt Ltd., Syngene International Ltd., Thermo Fisher Scientific, Vivitide.
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The global peptide synthesis market size is expected to reach USD 516.75 Million by 2028 and register a revenue CAGR of 6.4% over the forecast period, according to latest analysis by Reports and Data.
Major factors driving market revenue growth are increasing use of peptides in pharmaceutical drugs, rise in research activities and availability of funding for R, and development of advanced technological peptide synthesizers.Peptides are highly specific and effective signalling molecules that bind to specific cell surface receptors such as G protein-coupled receptors (GPCRs) or ion channels, causing intracellular effects.
Peptides are an excellent starting point for the development of novel therapeutics due to their excellent pharmacological profile and intrinsic properties.
As peptides strike a balance between small molecules and biopharmaceuticals, the peptide synthesis market has seen a large rise in revenue.In addition to conventional peptide design, a number of peptide technologies have emerged that indicate high potential growth opportunities in the peptide synthesis industry.
Among them are multifunctional and cell penetrating peptides, peptide drug conjugates, and innovations focused on different routes of administration.Peptides have a wide range of applications, ranging from medicine and biotechnology, to therapeutic peptide chemistry in the last decade.
Lupron, which is a peptide-based drug used to treat prostate cancer and other diseases, had global sales of more than USD 752 million in 2020.
