Peptide Synthesis Market to Witness Significant Growth Due to Increased Funding for Research and Development, Reaching US$1.1 Billion by 2033 at 8% CAGR
The global peptide synthesis market is anticipated to expand at a CAGR of 8% from 2023 to 2033, reaching a valuation of USD 1.1 billion by 2033. Growing applications of peptides in therapeutics, diagnostics, and cosmetics, along with advancements in solid-phase synthesis methods, will drive market growth. Increasing investments in research and development and the rise of biotechnology companies will further propel the market.
The increasing demand for peptide synthesis is due to rising metabolic disorders and a growing number of chronic patients. The growing adoption of peptide synthesis is due to increasing broad chemical, high biology activities, and low toxicity. Rise in chronic diseases such as diabetes, oncology, and obesity during the forecast period.
Rising demand for pharmacological components for medication is driving market expansion. Increasing cardiovascular, neurological illness and renal failure treatment boost the adoption of peptide synthesis.
Claim your complimentary report with captivating visuals.
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.
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.
Ready to Explore Our Methodology? Click Now!
- The peptide synthesismarket is expected to have a valuation of US$ 1.1 billion by 2033.
- With a CAGR of 8%, the global market increasing from 2022 to 2033.
- The United States peptide synthesis marketis anticipated to record a CAGR of 7.8% through 2033.
- With a CAGR of 7.1%, the United Kingdom market significantly uplifts during the forecast period.
- China’s market is expected to hold a CAGR of 7.4% over the forecast period.
- Japan’s market captured a CAGR of 6.5% from 2023 to 2033.
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.
- GenScript Biotech Corporation
- Bachem Holding AG
- Thermo Fisher Scientific Inc
- Merck KGaA
- Kaneka Corporation
- In June 2020, Evonik announced its new peptide, which is highly soluble and chemically defined to supply amino acids.
- In May 2022, the United States Food and Drug Administration approved the Mounjaro injection that helps to control blood sugar and type 2 diabetes disease.
Peptide Synthesis Market by Category
By Product and Services:
- Solid-phase peptide Synthesis
- Solution-phase Peptide Synthesis
- Hybrid & Recombinant Technology
By End Use:
- Pharmaceuticals & Biotechnology Companies
- CDMOs & CROs
- Academics & Research Institutes
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
For Sales Enquiries: email@example.com
LinkedIn| Twitter| Blogs | YouTube