According to the latest report by IMARC Group “Peptide Therapeutics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global peptide therapeutics market reached a value of US$ 35.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 61.9 Billion by 2027, exhibiting a CAGR of 9.42% during 2022-2027.
Peptide therapeutics are drugs composed of peptides that are designed to cross the blood-brain barrier and allow them to target diseases of the central nervous system. They are precise and can target specific cells or proteins to reduce the likelihood of side effects. They are less toxic, relatively safer, and well-tolerated as compared to other treatment options.
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Peptide Therapeutics Market Trends and Drivers:
The surging prevalence of chronic diseases, such as obesity, diabetes, and cancer, represents one of the major factors driving the demand for peptide therapeutics around the world. Moreover, the increasing aging population, which is more prone to develop infectious diseases, and significant improvements in healthcare infrastructure is favoring the market growth. In addition, the rising use of peptide therapies in cosmetic surgeries to slow down the process of skin aging and the growing consciousness among individuals about physical appearance and the desire to retain young and healthy skin are influencing the market positively. Apart from this, there in an increase in the preferences for personalized medicines among individuals. This, along with the rising number of clinical trials by healthcare professionals to develop and execute precise non-invasive surgical procedures to treat autoimmune and inflammatory diseases, is contributing to the growth of the market.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Innovative
- Generic
Breakup by Type of Manufacturer:
- Outsourced
- In-house
Breakup by Synthesis Technology:
- Solid Phase Peptide Synthesis
- Liquid Phase Peptide Synthesis
- Hybrid Technology
Breakup by Routes of Administration:
- Parenteral
- Oral
- Others
Breakup by Application:
- Gastrointestinal Disorders
- Neurological Disorders
- Metabolic Disorders
- Cancer
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Amgen Inc.
- Apitope International NV
- Arch Biopartners Inc.
- AstraZeneca plc
- Circle Pharma Inc.
- Corden Pharma GmbH
- F. Hoffmann-La Roche AG
- Ipsen Group
- Lonza Group AG
- Novo Nordisk A/S
- Pfizer Inc.
- Teva Pharmaceuticals Industries Ltd.
- Zealand Pharma A/S.
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