The Global Peptide Therapeutics Market is majorly driven by advancement in synthetic peptides, according to our research report “Global Peptide Therapeutics Market Outlook 2023". The global peptide therapeutics market is segmented into route of administration such as parenteral, oral, mucosal and pulmonary. Among these segments, oral peptide therapeutics is expected to be the fastest growing market owing to growing awareness towards peptide therapeutics among the population.
The global peptide therapeutic market is predicted to flourish significantly at a CAGR of 8.2% over the forecast period i.e. 2016-2023. Moreover, the market of peptide therapeutic market accounted for USD 15.6 Billion in 2015.
North America accounted the highest market revenue share of 74.2% in overall market of peptide therapeutics across the globe owing to increasing number of biotech and pharmaceutical industries and extensive researches on peptide therapeutics.
Advancements in Peptide Therapeutics:
Introduction of advanced cost effective therapeutic peptides, rising clinical drug researches in order to treat cancers and other disorders, increases safety and effectiveness of therapeutic peptide thus swelled the demand for peptide therapeutic globally. Therapeutic peptides are used in the treatment of numerous diseases such as nervous system disorders, gastrointestinal disorders, prostrate, breast and ovarian cancers.
Increasing Applications of Peptide Therapeutics:
The diseases such as brain disorders and cancers are increasing burden which leads to increase in healthcare expenditure. The nations facing economic issues are likely to adopt cost effective and efficient peptide therapeutics in order to minimize the burden in terms of economic cost.
However, increasing cost of commercialization of peptide therapeutics, presence of stringent regulatory controls for peptide therapeutics, unfavourable physiological conditions such as presence of several reactive enzymes, huge expenditure needed in research and development are some of the factors likely to inhibit the growth of peptide therapeutics market in near future.
The report titled “Global Peptide Therapeutics Market Outlook 2023” delivers detailed overview of the Global Peptide Therapeutics Market in terms of market segmentation by Application, by route of administration, by drugs type by End-user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the vendors of the Global Peptide Therapeutics Market which includes company profiling of Bachem Holding AG, CordenPharma International GmbH, Eli Lilly and Company, Merck & Co., etc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview on the Global Peptide Therapeutics Market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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