Increasing use of peptides in pharmaceutical drugs and rising number of research & development activities are driving market revenue growth
New York, January 14, 2022 – The global peptide synthesis market size is expected to reach USD 516.75 Million in 2028 and register a CAGR of 6.4% over the forecast period, according to a latest report by Reports and Data. Major factors driving market revenue growth are development of advanced peptide synthesizers, availability of funding for R&D, rising number of research activities, and increasing use of peptides in pharmaceutical drugs.
Peptides are highly specific and effective signaling molecules that bind to specific cell surface receptors such as G Protein-coupled Receptors (GPCRs) or ion channels, causing intracellular effects. These are an excellent starting point for the development of novel therapeutics due to excellent pharmacological profile and intrinsic properties. In humans, its specificity has been shown to translate into high levels of protection, tolerability, and efficacy.
Peptide therapeutics have a lower processing complexity than protein-based biopharmaceuticals, resulting in lower manufacturing costs that are similar to those of small molecules. As peptides strike a balance between small molecules and biopharmaceuticals, the peptide synthesis market has exhibited rapid growth in terms of revenue.
In addition to conventional peptide design, a number of novel peptide technologies have emerged that reflect various growth opportunities and potential directions in the peptide synthesis industry. Among these are multifunctional and cell penetrating peptides, peptide drug conjugates, and innovations focused on different routes of administration.
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Peptides have a wide range of applications, ranging from medicine and biotechnology to therapeutic peptide chemistry, in the last decade. Use of peptides for commercial purposes is also on the rise, which is propelling the peptide synthesis market forward. Lupron, a peptide-based drug used to treat prostate cancer and other diseases, had global sales of more than USD 752 million in 2020, according to AbbVie. In addition, sales for Sanofi’s Lantus reached USD 7 billion in 2017. With approximately 140 peptide drugs in clinical trials and more than 500 therapeutic peptides in preclinical processing, there are currently more than 80 FDA-approved peptide medicines on the market.
Peptide synthesis of today, on the other hand, is primarily focused on legacy technologies that use massive amounts of highly volatile reagents and solvents with little regard for green chemistry and engineering. Lower performance, costly biocatalysts, and lack of validation protocols are some drawbacks of this technology, thereby making peptide production by enzymatic methods difficult.
Some Key Highlights from the Report:
- In 2020, reagents segment accounted for the largest revenue share among other products in the peptide synthesis market, owing to increasing application of peptides in therapeutics, drug design, and gene synthesis.
- Solid-phase peptide synthesis segment is expected to register a robust CAGR during the forecast period, owing to ease of operation, simple purification, short development cycles, and high-level automation.
- In 2020, pharmaceutical and biotechnology companies segment accounted for the largest revenue share, owing to increasing number of R&D projects in genomics, molecular biology, and related fields.
- North America accounted for the largest revenue share in the global market in 2020. This growth can be attributed to presence of major market players, increased availability of advanced peptide synthesis technologies, as well as growing focus on producing peptide-based drugs on a commercial scale.
- The peptide synthesis market in Asia Pacific is expected to develop at the fastest rate, owing to rising investments by pharmaceutical and biotechnology companies, as well as increased R&D activities in the region.
- Some major companies in the peptide synthesis market report are Genscript Biotech, Merck KGaA, Aapptec , Bachem Holdings , Anaspec, Biotage , CEM Corporation , Gyros Protein Technologies, Advanced Chemtech, and New England Peptide (NEP).
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Segments covered in the report:
For the purpose of this report, Reports and Data has segmented global peptide synthesis market on the basis of product, technology, end-use, and region:
Product Outlook (Revenue, USD Million; 2018 – 2028)
- Reagents
- Equipment
- Peptide Synthesizers
- Chromatography equipment
- Lyophilizer
Technology Outlook (Revenue, USD Million; 2018 – 2028)
- Solid-phase Peptide Synthesis
- Liquid-phase Peptide Synthesis
- Hybrid & Recombinant Technology
End-use Outlook (Revenue, USD Million; 2018 – 2028)
- Pharmaceutical and Biotechnology Companies
- Contract Development and Manufacturing Organizations
- Academic and Research Institutes
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Regional Outlook (Revenue, USD Million; 2018 – 2028)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
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Some points on how the report benefits stakeholders:
- The reports include historical (2018–2020) and forecast (2021–2028) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
- Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2018 and 2028.
- The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
- The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
- Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
- The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.
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