The Global report on “Peptide Synthesis Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.
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“The peptide synthesis market is projected to grow at a CAGR of 6.5% in the next five years”
The peptide synthesis market is projected to reach USD 426.4million by 2023 from USD 310.5 million in 2018, at a CAGR of 6.5% during the forecast period. Factors such as increasing use of peptides in pharmaceutical drugs, increase in research activities and availability of funding for R&D, and the development of advanced peptide synthesizers are expected to drive the growth of the market. However, the lack of a unified set of regulations for therapeutic peptides is expected to restrain the growth of this market during the forecast period.
“The solid-phase synthesis segment accounted for the largest market share and is expected to grow at the highest CAGR during the forecast period”
By technology, the peptide synthesis market is segmented into solid-phase, liquid-phase, and hybrid & recombinant technology. Solid-phase synthesis is associated with a number of advantages, such as ease of operation, easy purification, short production cycles, high-level automation, and synthesis capabilities of long peptides in small quantities of amino acids. Such advantages are expected to drive the adoption of solid-phase synthesis.
The contract development and manufacturing organizations segment is projected to grow at the highest CAGR during the forecast period”
By end user, the market is segmented into pharmaceutical and biotechnology companies, contract development and manufacturing organizations , and academic and research institutes. The contract development and manufacturing organizations segment is expected to grow at the highest CAGR during the forecast period. The increasing demand for cost-effective peptide synthesis services in drug development activities and life science research is driving the growth of this segment.
“North America is projected to have the largest market share during the forecast period (2018-2023)”
North America dominated the peptide synthesis market in 2017, followed by Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of the peptide synthesis market. The large share of North America in this market can be attributed to the high prevalence of chronic diseases, increasing investments in the development of structure-based drug designs, and growing research in the fields of genomics and proteomics in the region.
Break of primary participants was as mentioned below:
- By Company Type – Tier 1–45%, Tier 2–40% and Tier 3–15%
- By Designation – C-level–41%, Director Level–30%, Others–29%
- By Region – North America–32%, Europe–27%, Asia-Pacific–19%, Latin America–12%, Middle East & Africa- 10%
The major players in the peptide synthesis market are GenScript Biotech Corporation (China), AAPPTec (US), Bachem (Switzerland), AnaSpec (US), Biotage (Sweden), CEM Corporation (US), Gyros Protein Technologies (Sweden), Advanced ChemTech (US), Merck KGAA (Germany) and New England Peptide (US).
The peptide synthesis market in this report is segmented by product, technology, end user, and regions. It provides detailed information regarding major factors influencing the growth market (drivers, restraints, opportunities, and industry-specific challenges). The study tracks and analyzes competitive developments (such as partnerships, agreements, collaborations, mergers & acquisitions, new product developments, geographical expansions, and R&D activities) and strategically profiles the key players and comprehensively analyzes their market shares and core competencies in the peptide synthesis market.
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