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 40.69 billion in 2019 and is poised to grow from USD 43.11 billion in 2023 to USD 68.4 billion by 2031, growing at a CAGR of 5.94% in the forecast period (2024-2031).
The acceptability of peptide therapies will be impacted by the rise in cancer cases as well as metabolic illnesses like osteoporosis, obesity, and diabetes. Due to the sheer increase in the number of pediatric kids affected and the frequency of the target diseases in low-income countries, there is a tremendous demand for efficient and affordable treatments.
Advanced peptides are now being developed and modified for the treatment COVID-19. Researchers from all over the world are hunting for substances that either alleviate the circumstances brought on by infection or stop the mechanisms involved in severe acute respiratory infection and replication. On February 21, 2020, the Food and Drug Administration revised its definition of a biologic to include synthetic peptides with 40 amino acids or fewer and chemically produced polypeptides larger than 40 amino acids but smaller than 100 amino acids. Due to the fact that peptide medications are now being considered as a possible COVID-19 treatment, COVID-19 may have a significant impact on the market.
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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Global peptide therapeutics market is segmented on the basis of application, type, type of manufacturers, route of administration, synthesis technology, and region. By application, the market is segmented into cancer, metabolic, cardiovascular disorder, respiratory, GIT, anti-infection, pain, dermatology, CNS, renal, and others. By type, the market is segmented into generic and innovative. By type of manufacturers, the market is segmented into in-house and outsourced. By route of administration, the market is segmented into parental, oral, pulmonary, mucosal, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Peptide Therapeutics Market Analysis by Type
The innovative sector dominated the market in 2021 with a highest revenue share owing to rising R&D expenditures by major pharmaceutical companies in the research and development of new pharmaceuticals as well as high prescription rates. Based on kind, the market is split into generic and cutting-edge categories.
Throughout the projected period, the generic segment is anticipated to expand quickly. The adoption of generic drugs is anticipated to be fueled by rising healthcare costs and increased federal government healthcare spending. It is also thought that a major factor propelling the generic category is the loss of patent protection for many branded medications. The expiration of a patent is seen as a big chance for generic companies to join the market with less expensive versions of popular medications. Brand loyalty, however, may affect sector growth in the case of some novel medications.
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The peptide therapeutics market was dominated by North America in 2021. The rise of the regional market is primarily attributed to the expansion of the biotechnology industry, increasing demand for cancer and other disease diagnostics, and expanding consumer awareness of peptide treatment products. Additionally, it is projected that increased government spending on R&D will support peptide treatments' continued supremacy over the forecast period. The region's well-established biotech and pharmaceutical sectors are a major contributor to the expansion. According to the American Cancer Society, 1.9 million more cancer cases are expected in the United States in 2022. Cancer is the second most common cause of death in the country, behind heart disease.
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Peptide Therapeutics Market Drivers
Increased Usage of Peptide in Cancer Treatment to Bolster Market
Peptide Therapeutics Market Restraints
Expensive Developing Drugs to Hinder Market
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Technology innovations and the development of new products are important techniques used by companies to acquire market share. Additionally, it is predicted that growing alliances for conducting new drug trials will enhance rivalry in the industry. For instance, Pfizer Inc. and Biohaven Pharmaceutical Holding Company Ltd. announced a new agreement in May 2022, according to which Pfizer will procure Biohaven, the producer of NURTEC ODT, an advanced dual-acting migraine therapy approved for both acute treatments and episodic migraine prevention in adults. The key market players involved in the manufacture of automotive gears includes;
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 2023 | USD 40.69 billion |
Market size value in 2031 | USD 68.4 billion |
Growth Rate | 5.94% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
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 |
|
Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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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 Global 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 Global 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 Global Peptide Therapeutics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global 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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REQUEST FREE CUSTOMIZATIONPeptide Therapeutics Market size was valued at USD 40.69 billion in 2019 and is poised to grow from USD 43.11 billion in 2023 to USD 68.4 billion by 2031, growing at a CAGR of 5.94% in the forecast period (2024-2031).
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Product ID: SQMIG35H2072