Global Peptide Synthesis Market to Touch USD 530.9 MN by 2025
Posted On November 12, 2019
A new report released by Value Market Research on the Peptide Synthesis Market estimates the market value to rise to USD 530.9 MN in 2025 and grow at a CAGR of 6% between 2019 and 2025. In 2018, the market value was estimated as USD 350 MN. The high and increasing use of peptides in the pharmaceutical drugs production has been identified as the major reason that will push the market growth under the study period of 2019-2025. The peptides are very specific drugs with diverse biological functions. These are used across a wide range of therapeutic areas among the top being diabetes, oncology, and obesity.
Peptides are responsible for many essential biological functions and thus, behold many properties like anti-oxidant, antimicrobial to name some. They act as active pharmaceutical ingredients in drugs for several diseases. On the basis of products, the report on the global peptide synthesis market is bifurcated into reagents and equipment. Equipment market is anticipated to be the leading market under the study period. Based on applications, the market is divided into commercial and academic research. The high occurrence rate of chronic diseases has attracted traction on the commercial research making it the leading section.
On the basis of technology, the market is classified into SPPS (Solid Phase Peptide Synthesis), SPS (Solution Phase Synthesis), and hybrid & recombinant technology. Solution Phase Synthesis is the leading segment as it is useful for industries in large-scale production of peptides. On the basis of end user, the market is categorized into pharmaceutical & biotechnology companies, CMOs (Contract development & Manufacturing Organization) & CROs (Contract Research Organization), and academic & research institutes. Based on region, the market is grouped into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The study “Global Peptide Synthesis Market Report By Product (Reagents And Equipment), By Application (Commercial [Antibody Production, Drug Discovery, And Enzyme Profiling] And Academic Research [Disease Research And Biomarker Discovery]), By Technology (SPPS (Solid Phase Peptide Synthesis), SPS (Solution Phase Synthesis), And Hybrid & Recombinant Technology), By End User (Pharmaceutical & Biotechnology Companies, CMOs & CROs And Academic & Research Institutes) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2018-2025 ” analyses past years market statistics and showcases the future growth track of the market. The marketing tools incorporated in the report enhance the quality of the analyses making it a quality read for strategists.
The Report Segments Global Peptide Synthesis Market –
Commercial (Antibody Production, Drug Discovery, And Enzyme Profiling)
Academic Research (Disease Research And Biomarker Discovery)
SPPS (Solid Phase Peptide Synthesis)
SPS (Solution Phase Synthesis)
Hybrid & Recombinant Technology
Pharmaceutical & Biotechnology Companies
CMOs (Contract Development & Manufacturing Organization)
CROs (Contract Research Organization)
Academic & Research Institutes
Middle East & Africa
Players Profiled In the Report:
North America is anticipated as the dominant region in the global peptide synthesis market. This is attributed to rising research and development activities in biotechnology and life science sectors coupled with the presence of major key players such as GenScript, Thermo Fisher Scientific Inc., and Advanced ChemTech in the North American region. Developments and innovation in healthcare sector and utilization of peptide therapeutics as a major drug for the treatment of oncology and diabetes also fuels the market growth in this region.
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