The global peptide synthesis market is expected to reach US$520.0 million in 2023 and US$1.1 billion by 2033, growing at a CAGR of 8% during the forecast period. The increasing demand for peptide synthesis is driven by the rise in metabolic disorders and chronic diseases such as diabetes, oncology, and obesity. Additionally, the growing adoption of peptide synthesis is attributed to its broad chemical and high biological activities, as well as its low toxicity. The increasing need for pharmacological components for medication and the growing demand for treatments for cardiovascular, neurological, and renal failures also contribute to the market’s expansion.
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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.
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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.
Key Takeaways:
- 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.
Competitive Landscape:
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.
Key Players:
- GenScript Biotech Corporation
- Bachem Holding AG
- Thermo Fisher Scientific Inc
- Merck KGaA
- Kaneka Corporation
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Recent Developments:
- 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:
- Reagents
- Equipment
- Services
By Technology:
- Solid-phase peptide Synthesis
- Solution-phase Peptide Synthesis
- Hybrid & Recombinant Technology
By End Use:
- Pharmaceuticals & Biotechnology Companies
- CDMOs & CROs
- Academics & Research Institutes
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