Global Peptide Synthesis Market

Peptide Synthesis Market Size, Share, Growth Analysis, By Product (Equipment, Peptide Synthesizers), By Technology (Solid Phase Peptide Synthesis, Liquid Phase Peptide Synthesis), By Application (Personalized Therapeutics, Cancer, Metabolic), By End-use, By Region - Industry Forecast 2024-2031.

Report ID: SQMIG35H2313 | Region: Global | Published Date: November, 2024
Pages: 162 | Tables: 119 | Figures: 70

Peptide Synthesis Market News

  • In July 2023, Merch completed the acquisition of Asymchem. Asymchem is a US based contract manufacturer of pharmaceutical solutions including peptide solutions.
  • In June 2023, Merck's partnered with IRBM, an innovative contract manufacturing organization. This partnership will help IRBM develop and manufacture peptide for therapeutic application outside US and Canada.
  • In May 2023, PolyPeptide Group entered into an agreement with Numaferm. Numaferm is a biotechnology company, and this partnership will help the companies develop peptide manufacturing process for peptide based therapeutic application.
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Global Peptide Synthesis Market size was valued at USD 619.56 million in 2022 and is poised to grow from USD 700.11 million in 2023 to USD 1861.20 million by 2031, growing at a CAGR of 13.0% during the forecast period (2024-2031).

Peptide synthesis is a capital extensive business with a high entry barrier in terms of regulations and approvals. The market is dominated by major global players with many contract manufacturing companies expanding their operations in developing regions due to the low production cost advantages. Companies are spending significant resources on development and approval of new peptide based diagnostic and therapeutic products. Hence R&D initiatives and technology collaborations are the key business strategies witnessed in the market. 'MERCK KGAA ', 'THERMO FISHER SCIENTIFIC ', 'GENSCRIPT BIOTECH CORPORATION ', 'BACHEM HOLDING AG ', 'KANEKA CORPORATION ', 'BIOTAGE AB ', 'SYNGENE INTERNATIONAL LIMITED ', 'MESA LABORATORIES, INC. ', 'CEM CORPORATION ', 'PROTEOGENIX ', 'BIO-SYNTHESIS INC. ', 'DALTON PHARMA SERVICES ', 'AAPPTEC ', 'VIVITIDE ', 'ANYGEN CO., LTD. ', 'ADVANCED CHEMTECH ', 'LUXEMBOURG BIO TECHNOLOGIES LTD. ', 'JPT PEPTIDE TECHNOLOGIES GMBH ', 'AMBIOPHARM INC. ', 'AURIGENE PHARMACEUTICAL SERVICES LTD'

Imaging technology demand is growing substantially for accurate diagnosis of chronic diseases. Peptide synthesis market was valued at more than USD 30 billion in 2023. Use of biosensors and biomarkers for both invasive and non-invasive diagnosis is also very prevalent. Peptide based biosensors and biomarkers are experiencing massive demand growth fueling the market for peptide synthesis.

Substantial Growth in Pharmaceutical Industry: Pharmaceutical industry demand is increasing steadily, and R&D spending is increasing at an even higher growth rate. According to a survey conducted by the US Censos Bureau in 2020, expenditure on pharmaceutical R&D has increased by more than 25% in the past decade. This is providing more budget for development of peptide synthesis solutions and processes.

North America is dominating the global peptide synthesis market due to higher healthcare expenditure and developed healthcare service offerings. North America is home to some of the largest pharmaceutical companies in the world. These players are investing significantly in R&D with the cumulative R&D cost of the pharmaceutical companies in the US accounting to more than USD 95 billion in 2023. The increasing prevalence of chronic diseases in North America is also increasing the demand for peptide synthesis in the region. In the US, more than half of the adult population was reported to suffer from at least one chronic disease.

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Global Peptide Synthesis Market

Report ID: SQMIG35H2313

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