Peptide Therapeutics Market Size to Reach US$ 61.9 Billion by 2027, at a CAGR of 9.42%
Peptide Therapeutics Market
The global peptide therapeutics size market reached US$ 35.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 61.9 Billion by 2027
UNITED STATES, November 13, 2022 /EINPresswire.com/ -- 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.
Peptides are selective signaling molecules that bind to specific cell surface receptors, such as G protein-coupled receptors (GPCRs) or ion channels, and trigger intracellular effects. They are extensively utilized in the pharmaceutical industry to design regenerative therapeutics that target a wide range of cells and influence their responses. Peptide therapeutics are less toxic, well-tolerated, and relatively safer than other treatment options. As a result, they are gaining traction in clinical practices for managing cancer, infectious diseases, metabolic disorders, injuries, etc.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Peptide Therapeutics Market Trends:
The escalating prevalence of chronic diseases and improving access to medical facilities are positively influencing the peptides market. Furthermore, peptide therapies are also utilized in cosmeceutical surgeries to slow down the process of skin aging, which is catering to the growing consumer consciousness towards physical appearance. Apart from this, with the emergence of novel synthetic strategies that minimize injection frequency and improve stability, peptide therapeutics are being extensively used in injections for diabetic patients. Moreover, the rising trend of personalized and targeted treatments is further bolstering the demand for multifunctional peptide-based materials. This, along with the increasing funding to develop new peptide therapeutics for treating inflammatory autoimmune diseases, is expected to fuel the market growth in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global peptide therapeutics market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on type, type of manufacturer, synthesis technology, routes of administration and application.
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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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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