IMARC Group, a leading market research company, has released a report titled “Peptide Therapeutics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. According to the report, The global peptide therapeutics market size reached US$ 39.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 66.1 Billion by 2028, exhibiting a growth rate (CAGR) of 9% during 2023-2028.
Peptide refers to the naturally occurring short versions of amino acids that benefit in the treatment of diseases by acting on the cell membrane. They are small, easy to synthesize, safe, well-tolerated, and have the ability to invade the cell membrane as compared to other treatment options. They offer anti-inflammatory properties and aid in enhancing the immune system, promoting tendon regeneration, and acting as an antioxidant for the treatment of numerous diseases. They also assist in treating prostate cancer among males and are utilized to slow down the aging process of skin. As a result, peptide therapeutics find extensive applications in treating metabolic, oncology, gastrointestinal, neurological, and cardiovascular disorders across the globe.
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Peptide Therapeutics Market Trends and Drivers:
At present, the increasing prevalence of metabolic diseases and cancer among individuals around the world represents one of the key factors strengthening the market growth. In addition, the growing awareness about peptide therapeutics among consumers worldwide is offering a positive market outlook. Apart from this, the rising number of diseases among the geriatric population is propelling the growth of the market. Additionally, the wide availability of peptide therapeutics through various distribution channels, such as online and offline stores, is offering lucrative growth opportunities to industry investors. Furthermore, key players are introducing peptide drugs for the treatment of type 2 diabetes by enhancing insulin rates, which is supporting 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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