The Peptide Drug Conjugates Market refers to the pharmaceutical sector focused on the development and commercialization of therapeutic compounds that combine peptides with other molecules, such as small molecules or antibodies. These conjugates offer targeted delivery and enhanced therapeutic efficacy for a wide range of diseases, including cancer, metabolic disorders, and infectious diseases.
The PDC market has been gaining significant attention in recent years due to the potential advantages offered by these compounds. By attaching a peptide to a drug or a targeting moiety, PDCs can specifically target diseased cells or tissues, improving the drug’s efficacy and reducing side effects. This targeted approach allows for more precise treatment, leading to better patient outcomes.
The market for PDCs has been growing steadily, driven by factors such as increasing prevalence of chronic diseases, advancements in peptide synthesis and conjugation technologies, and the demand for personalized medicine. Additionally, the rising interest in biologics and the development of novel peptide-based therapies have further propelled the growth of the PDC market.
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The global Peptide Drug Conjugates Market is expected to be worth US$ 861.12 million in 2023 and US$ 5,331.83 million by 2033. Over the forecast period of 2023 to 2033, the predicted growth rate is about 20%. The growth of the market is attributed to the global upsurge in cancer cases and related mortality, strong clinical trial pipeline with peptide drug conjugates (PDCs) and associated side effects of the existing products such as uncontrolled toxicity associated with small molecule chemotherapeutic agents.
Key Takeaways from the Market Study:
- By product, Lutathera segment accounted for the largest share of 80.5% in 2022
- Based on type, therapeutic segment dominated the peptide drug conjugates market with the revenue share of 82.3%.
- North America dominated the global market in 2022 with a revenue share of 45.62%.
- Asia Pacific is expected to witness a growth rate of 27.4% during the forecast period.
“Increasing awareness about current treatment options, favorable reimbursement policies, and improved patient affordability are the factors expected to drive the market growth.,” says an analyst at Future Market Insights.
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Key Market Players:
Major players are channelling efforts toward expanding their production capacities to strengthen their market share and cater to the growing demand. Market expansion is anticipated to be aided by the growing number of partnerships and collaborations among key players that are looking to increase their presence in the market. Key players in the Peptide Drug Conjugates market are Novartis AG; Bicycle Therapeutics; AstraZeneca; Cybrexa Therapeutics; Oncopeptides AB; Angiochem Inc.; Innovasium Soricimed Biopharma; and Theratechnologies. Some of the recent key developments among key players are:
- In November 2022, Cybrexa Therapeutics and Exelixis, Inc. announced the collaboration agreement providing Exelixis the right to acquire, first-in-class peptide-drug conjugate (PDC), CBX-12. This initiative is expected to expand its clinical pipeline for targeted drug therapy.
- In December 2021, Coherent Biopharma and WuXi STA announced the strategic partnership agreement to develop their current and future therapeutic drugs including peptide drug conjugates.
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global Peptide Drug Conjugates market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
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Key Market Segments Covered in the Global Peptide Drug Conjugates Market
By Product:
- Lutetium
- Melflufen
- ANG1005
- BT1718
- CBX-12
- Other Pipeline Products
By Type:
- Therapeutic Peptide Drug Conjugates
- Diagnostic Peptide Drug Conjugates
By Region:
- North America Peptide Drug Conjugates Market
- Latin America Peptide Drug Conjugates Market
- Europe Peptide Drug Conjugates Market
- Asia Pacific Peptide Drug Conjugates Market
- Middle East & Africa Peptide Drug Conjugates Market
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