The global peptide drug conjugates market is on a transformative growth path, projected to reach an impressive USD 5,331.83 million by 2033. This surge represents a remarkable Compound Annual Growth Rate (CAGR) of approximately 20% from 2023 to 2033. The market’s valuation at the beginning of the forecast period stands at USD 861.12 million.
Peptide drug conjugates are revolutionizing the therapeutic landscape by merging peptides with other molecules, such as small molecules or antibodies. This innovative approach delivers drugs directly to targeted cells or tissues, significantly enhancing the therapeutic impact while reducing potential side effects on healthy cells.
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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.
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 Industry 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.
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 Industry are:
- Novartis AG
- Oncopeptides AB
- Bicycle Therapeutics
- AstraZeneca
- Cybrexa Therapeutics
- Angiochem Inc.
- Innovasium Soricimed Biopharma
- Theratechnologies
- Coherent Biopharma
- WuXI STA
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 Industry, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
Key Market Segments Covered in the Global Peptide Drug Conjugates Industry:
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 Industry
- Latin America Peptide Drug Conjugates Industry
- Europe Peptide Drug Conjugates Industry
- Asia Pacific Peptide Drug Conjugates Industry
- Middle East & Africa Peptide Drug Conjugates Industry
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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