USD 40.69 billion
Report ID:
SQMIG35H2072 |
Region:
Global |
Published Date: February, 2024
Pages:
213
|Tables:
152
|Figures:
78
Peptide Therapeutics Market size was valued at USD 43.11 Billion in 2023 and is poised to grow from USD 45.67 Billion in 2024 to USD 72.46 Billion by 2032, growing at a CAGR of 5.94% during the forecast period (2025-2032).
Growing prevalence of chronic diseases around the world and increasing investments in drug discovery and development are projected to drive peptide therapeutics demand in the future. Rising awareness regarding the low toxicity of peptide therapeutics among patients and medical professionals will also benefit peptide therapeutics market growth in the future. Advancements in peptide synthesis are also expected to play a crucial role in governing sales of peptide therapeutics over the coming years.
High adoption of targeted therapies for the treatment of several indications owing to their high specificity in treatment will also favor the demand for peptide therapeutics. Surging incidence of cancer is also expected to benefit the market growth as use of peptide therapeutics in treatment of cancer picks up pace. Supportive government funding to advance biopharmaceutical research will also create new opportunities for peptide therapeutics companies. However, limited oral bioavailability, high costs of production, and competition from biologics and other drugs are estimated to be key restraints for peptide therapeutics market growth in the long run.
US Peptide Therapeutics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 40.69 billion
Largest Segment
Innovative
Fastest Growth
Innovative
Growth Rate
5.94% CAGR
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Peptide Therapeutics Market is segmented by Type, Type of Manufacturers, Synthesis Technology, Route of Administration, Application and region. Based on Type, the market is segmented into Generic, Innovative. Based on Type of Manufacturers, the market is segmented into In-house, Outsourced. Based on Synthesis Technology, the market is segmented into Solid Phase Peptide Synthesis (SPPS), Liquid Phase Peptide Synthesis (LPPS), Hybrid Technology. Based on Route of Administration, the market is segmented into Parenteral, Oral, Pulmonary, Mucosal, Others. Based on Application, the market is segmented into Metabolic Disorders, Cardiovascular Disorders, Respiratory Disorders, Gastrointestinal Disorders, Infectious Diseases, Pain, Dermatological Disorders, Neurological Disorders, Renal Disorders, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Peptide Therapeutics Market Analysis by Application
Most peptide therapeutics are projected to be used for the treatment of metabolic disorders. Growing approval of the use of peptide therapeutics for the treatment of metabolic diseases and increasing investments in the development of the same are helping this segment maintain its high peptide therapeutics market share. Surge in prevalence of metabolic disorders and rising availability of peptides to help with the treatment of the same are also expected to further aid the dominance of this segment in the future.
Surging incidence of cancer among people around the world makes it the fastest-growing segment for peptide therapeutics industry. Growing demand for novel treatments for cancer and rising investments in oncology research are also expected to create lucrative opportunities for peptide therapeutics providers in the long run.
Peptide Therapeutics Market Analysis by Type
Innovative peptide therapeutics are projected to account for a substantial peptide therapeutics market share. Rising investments in medical R&D and growing demand for novel treatments are helping this segment maintain its high market share. Use of advanced peptides and growing advancements in synthesis are making helping the creation of innovative peptide therapeutics. However, high costs of innovative peptide therapeutics could hurt the market share of this segment going forward.
Meanwhile, the demand for generic peptide therapeutics is projected to surge at an impressive pace across the study period and beyond. Growing demand for affordable therapeutics and drugs around the world is slated to help boost sales of generic peptide therapeutics. High emphasis on healthcare cost reduction and patent expiry of novel drugs and innovative peptide therapeutics are also predicted to help bolster the peptide therapeutics market share of this segment in the future.
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North America is estimated to secure the top spot when it comes to the peptide therapeutics market. Increasing incidence of chronic diseases and high investments in medical research are forecasted to be the key factors contributing to the dominance of this region. Presence of key pharmaceutical manufacturers, rising awareness regarding benefits of peptide therapeutics, and supportive government funding to boost medical R&D are also expected to bolster sales of peptide therapeutics in this region. The United States is projected to lead the demand for peptide therapeutics in North America followed by Canada.
Rising investments in healthcare infrastructure development and growing demand for novel treatments are slated to make the Asia Pacific region the fastest growing market for peptide therapeutics companies. The rowing popularity of targeted therapies, use of advanced healthcare technologies, and presence of key contract manufacturing organizations in this region are expected to help boost sales of peptide therapeutics in this region. India, China, Japan, and South Korea are projected to be the most opportune countries for peptide therapeutics providers in this region.
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Peptide Therapeutics Market Drivers
Rising Incidence of Chronic Diseases
Rising Use of Targeted Therapies
Peptide Therapeutics Market Restraints
Limited Oral Bioavailability
High Production Costs
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Peptide therapeutics providers around the world are estimated to focus on research to maximize their business potential and stay competitive. Developing new therapeutics for different diseases indications will also be a preferred strategy for new as well as leading peptide therapeutics companies. Taking advantage of supportive government initatives to promote medical R&D will also create new opportunities in the future.
Peptide Therapeutics Market Top Player’s Company Profiles
Peptide Therapeutics Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global peptide therapeutics market analysis, peptide medicine research has advanced significantly in recent years due to advances in production, modification, and analytical technologies. The fundamental limitations of peptides have been removed, which has allowed for market expansion. Due to the adoption of a modern and unhealthy lifestyle, there is a clear rising trend in metabolic illnesses including diabetes and obesity as well as an increase in cardiovascular diseases and cancer. The market opportunity for peptide therapies is therefore driven by the aforementioned factors.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 40.69 billion |
Market size value in 2031 | USD 68.4 billion |
Growth Rate | 5.94% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Peptide Therapeutics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Peptide Therapeutics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Peptide Therapeutics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Peptide Therapeutics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35H2072
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