The global peptide therapeutics market is forecasted to grow at a CAGR of 10.24% from 2023 to 2028. and expected to be worth USD 72.81 Billion by 2028 from USD 44.72 Billion in 2023.
The growing developments in peptide therapeutics and the rising prevalence of metabolic disorders and infectious diseases drive the global peptide therapeutics market growth.
Peptide processing requires a low cost of production, and the demand for peptide therapeutics is expected to expand over the projected period due to an increase in clinical applications. Other factors increasing the market expansion are rising advances in research and production of new medicines and technical developments in peptide therapeutics. In addition, increased healthcare spending is also expected to help the peptide therapeutics market to expand.
Peptides are effective precursors in developing new therapeutics due to their inherent properties of specificity, safety, tolerability, and ability to produce expected human results. If more hybrid technologies are introduced to achieve economies of scale, the global peptide therapeutics market is expected to develop. Furthermore, compared to traditional pharmaceutics, peptide therapeutics have greater effectiveness and clinical results with fewer side effects, increasing their popularity among patients and prescribers.
The global peptide therapeutics market growth is hindered by natural peptides' poor chemical and physical stability and low circulating plasma half-life. In addition, the low oral bioavailability of peptide drugs due to injection administration and poor intestinal mucosa penetration will likely limit demand development shortly.
COVID-19 Impact on the global peptide therapeutics market:
COVID-19 is a worldwide pandemic caused by the coronavirus (SARS-CoV-2), a severe acute respiratory syndrome (SARS). People who had covid had respiratory issues. The use of peptide molecules in developing the COVID-19 vaccine is expected to increase, boosting market growth. Peptides are attractive to pharmaceutical producers because they are simple to manufacture. Compared to the old trial-and-error method, today's approach begins with a thorough understanding of the disorder on a molecular basis. Then, experimental medicines are developed based on drug result predictions. Furthermore, extensive government support for the use of peptides in the formulation of the COVID-19 vaccine is expected to provide a potential catalyst for peptide adoption, potentially stimulating the growth of the peptide therapeutics industry.
Market Size Available
2022 to 2028
2023 to 2028
By Type, Type of Manufacturers, Application, Route of Administration, Synthesis Technology, and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges; PESTLE Analysis; Porter's Five Forces Analysis; Competitive Landscape, Analyst Overview of Investment Opportunities
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
This research report on the global peptide therapeutics market has been segmented and sub-segmented based on the product, distribution channel, and region.
Global Peptide Therapeutics Market – By Type:
Based on the type, Due to increased investments by large pharmaceutical companies in R&D for developing novel drugs and high prescription rates, Innovative peptides dominated and had the highest share. The rising investments in the innovation of new drugs and products support the segment's growth.
However, the generic segment is also expected to have significant growth during the forecast period due to a need to curb healthcare medicinal costs and rising investments from federal governments. Additionally, there has been a loss of patents for several branded drugs, creating an opportunity for the generic market players, which provide drugs at a lower cost.
Global Peptide Therapeutics Market – By Application:
Global Peptide Therapeutics Market – By Type of Manufacturers:
Global Peptide Therapeutics Market – By Route of Administration:
Based on the route of administration, in 2020, the Parenteral route segment had the largest market share; however, the oral segment is expected to grow at the fastest rate over the forecast period. The parenteral route is the most commonly used mode of administration as it is the most tested and safely performed function leading to segment growth.
However, there has been continuous research on other routes of administration and their efficiency, like the pulmonary route of administration, even though several drawbacks obstruct the pulmonary route, like causing inflammation and the lack of availability of low-weighing molecules which would be able to cross the alveolar epithelium.
Global Peptide Therapeutics Market – By Synthesis Technology:
Based on Synthesis Technology, Because of the growing need for pure peptides to develop effective medicines, the Liquid Phase Peptide Synthesis (LPPS) segment led in 2020.
However, the SPPS segment is expected to exceed the LPPS segment due to its advantages like faster synthesis time, more efficiency, durability, scalability, and a grip over peptides' physical and chemical characteristics. The hybris segment is also expected to grow as it is an intermediate between LPPS and SPPS and can benefit from both processes. Due to this dual property system, many market players opt for hybrid systems.
Global Peptide Therapeutics Market – By Region:
Due to high untapped opportunities, low raw material costs, a rising base of companies offering outsourcing services, a growing biotech industry, and increasing R&D investments, the Asia Pacific peptide therapeutics market is projected to expand significantly. In addition, cheaper raw materials and the expiration of patents on blockbuster products are likely to fuel the generic market shortly, providing significant growth opportunities.
KEY MARKET PARTICIPANTS:
Eli Lilly and Company, Amgen, Inc., Pfizer, Inc., Bristol-Myers Squibb Company, Ever Neuro Pharma GmbH, Takeda Pharmaceutical Company Limited, AstraZeneca PLC, GlaxoSmithKline plc, Novo Nordisk A/S., Novartis AG, Zealand Pharma AG, AmbioPharm Inc., Bachem Holding AG, PolyPeptide Group, Sanofi SA, Amylin Pharmaceuticals, CirclePharma, Inc., PeptiDream Inc., Apitope Technology, Arch NioPartners, and Galena Biopharmaceuticals are some of the prominent companies operating in the global peptide therapeutics market.
RECENT MARKET DEVELOPMENTS:
The global peptide therapeutics market size was valued at USD 40.57 billion in 2022.
Geographically, the North American peptide therapeutics market accounted for the largest global market share in 2022.
The global peptide therapeutics market is estimated to grow at a CAGR of 12.24% from 2023 to 2028.
Yes, we have studied and included the COVID-19 impact on the global peptide therapeutics market in this report.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2500
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: [email protected]