Increasing use of peptides in pharmaceutical drugs across the globe to drive the growth of global peptide synthesis market
According to TechSci Research report, “Global Peptide Synthesis Market By Application, By Type, By Technology, By Product, By Type of Resin, By Labelling, By End-User, By Region, Competition, Forecast & Opportunities, 2025”, global peptide synthesis market is expected to grow an impressive CAGR during the forecast period. Rising availability of funds for the research and development activities is one of the major factor accounting for the growth of global peptide synthesis market. Moreover, development of advanced peptide synthesizers is further expected to bode well for the growth of global peptide synthesis through the forecast period. In addition to this, peptides are widely used in pharmaceutical drugs owing to the benefits they offer such as their large chemical space, high specificity, high biological activity, relative ease of synthesis, and low toxicity, which in turn is positively influencing the growth of global peptide synthesis market across the globe. Also, these peptides are helpful in treating multiple disorders like cancer, respiratory disorders, cardiovascular diseases, among others which is making headway for the growth of global peptide synthesis market. However, there are some factors that might act as major impediments to the growth of global peptide synthesis market through 2025 such as lack of specificity, lack of unified set of regulations for therapeutic peptides and risk of increasing environmental burden.
Browse XX market data Tables and XX Figures spread through XXX Pages and an in-depth TOC on“ Global Peptide Synthesis Market “
Global peptide synthesis market can be segmented based on application, type, technology, product, type of resin, labelling, end-user, company and region. Considering the end-user, the market is fragmented into pharmaceutical and biotechnology companies, research institutes, CROs. The pharmaceutical and biotechnology companies segment dominated the global peptide synthesis market in terms of largest market size until 2019 and is further anticipated to lead the market during the forecast period as well, which can be accredited to strong growth of peptide therapeutics industry. In terms of product, the market is fragmented into instruments, reagents, resins, software and others. Out of which, the reagents segment is projected to grow at a high pace during the forecast period, which can be accredited to their routine adoption in peptide synthesis protocols.
Thermo Fisher Scientific, Genscript Biotech, Merck, Pepscan, LifeTein, AAPPTec, Bachem Holdings, Anaspec, Gyros Protein TechnologiesMP Biomedicals, Lonza, Syngene, Creative Diagnostics, Biotage, CEM Corporation, Advanced ChemTech, Rockland Immunochemicals, Intavis Bioanalytical Instruments, JPT Peptide Technologies, AstraZeneca are among others are the leading players operating in global peptide synthesis market. The leading players are adopting several growth strategies to enhance the market scenario of peptide synthesis. Other competitive strategies include mergers & acquisitions to diverse their product portfolio in order to strengthen their market position. For instance, in January 2018, mcyse SA entered a collaboration with Pfizer, Inc. in order to develop Imotope, which is a specifically modified peptide. This particular peptide is useful for the treatment of rheumatoid arthritis.
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“North America is forecast to dominate the global peptide synthesis market until 2025 on account of presence of major market players in the region. Moreover, growing awareness pertaining to available peptide synthesis technologies is also expected to contribute to this trend. Furthermore, Asia-Pacific is anticipated to register high growth through 2025 due to rising requirement for novel antibody and protein-based drugs. Furthermore, public and private sectors are investing more in life science research, which is boosting the market growth in Asia-Pacific region.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Peptide Synthesis Market By Global Peptide Synthesis Market By Application, By Type, By Technology, By Product, By Type of Resin, By Labelling, By End-User, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global peptide synthesis market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global peptide synthesis market.
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