Technological innovations and an enhanced understanding of several chemical phenomena have led to the increased usage of peptide synthesis in bioorganic chemistry. It is a pivotal element of modern biomedical research and drug discovery. It works as a probe in biological structure and function, thereby enabling the development of enzyme inhibitors and peptidomimetics in therapeutic agents. As the occurrence of cardiovascular, renal, and neurological illnesses continues to grow, these biomedical breakthroughs are expected to showcase substantial promise. According to WHO, cardiovascular diseases cause about 17.9 million fatalities every year across the globe. The prospect of biomedical research viability and increased economic investment in drug development are expected to stimulate the global peptide synthesis market expansion.
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Desirable Chemical Properties Boosting Pharmaceutical Applications Foster Peptide Synthesis Market Expansion
Of late, peptides have emerged as a highly viable pharmacological compound. This is attributed to a variety of properties including its highly active and selective nature. Moreover, its employment in therapeutic areas is due to its high physical activity, broad chemical space, relatively simple synthesis process, low toxicity, high specificity, and ease of availability. Hundreds of peptide-based drugs are being approved by governing authorities and many others are currently in the clinical trial, preclinical development, and R&D stages. These promising pharmaceutical initiatives and outcomes are expected to create profound business possibilities for the growth of the global peptide synthesis market.
Paced Demand for Reagents to Facilitate Peptide Synthesis Market Growth
Owing to its highly desirable set of physical and chemical properties, the usage of peptide synthesis in manufacturing reagents is expected to increase. Its application in drug design, gene synthesis, and therapeutics research has gained notable traction. These cutting-edge reagent R&D efforts are supported by a growing number of biotechnology and biopharmaceutical industry stakeholders. Reagents are actively used in the biotechnology domain for medicine, fundamental research, and other commercial pharma applications. These supportive economic activities are expected to sustain the market viability of reagents in the foreseeable future. Such circumstances are boding well for the robust growth of the global peptide synthesis market.
North America to Maintain Leadership in Peptide Synthesis Market Amidst Increasing Healthcare R&D Activities
A relatively high concentration of major pharmaceutical players and paced healthcare R&D efforts are establishing North America’s leadership in the peptide synthesis market. Other collaborative factors include improved peptide synthesis awareness, a flourishing healthcare industry and high instances of chronic illnesses. These prerequisites call for focused research on genomics, proteomics, and personalised medicine. Major regional economies such as the USA are majorly contributing to these trends. Meanwhile, Asia Pacific is exhibiting the fastest market growth rate due to increased public and private investment in healthcare.
Major Market Players
Some of the key players in the global peptide synthesis market include Advanced Chemtech (US), AmbioPharm Inc. (US), Thermo Fisher Scientific (US), Bachem Holding AG (Switzerland), GenScript Biotech Corporation (China), Merck KGaA (Germany), Biotage AB (Sweden), Kaneka Corporation (Japan), Mesa Laboratories inc. (US), CEM Corporation (US), ProteoGenix (France), Dalton Pharma Services (Canada), Bio-Synthesis Inc. (US), AnyGen Co., Ltd. (South Korea), AAPPTec (US), CSBio (US), vivitide (US), JPT Peptide Technologies GmbH (Germany), Corden Pharma International (Germany), ChemPep Inc. (US), CPC Scientific Inc. (US), Purolite Pvt Ltd. (US), Aurigene Pharmaceutical Services Ltd. (India), Luxembourg Bio Technologies Ltd. (Israel), and Syngene International Ltd. (India).
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