Peptide Synthesis Market size was over USD 606.73 Million in 2023 and is projected to exceed USD 1.46 Billion by the end of 2036, witnessing over 7.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of peptide synthesis is evaluated at USD 683.91 Million. The market growth can be attributed to the escalating integration of precision medicines and the high demand for personalized medicine. The development of personalized medicines enables doctors to tailor treatments to each individual patient’s oriented needs and characteristics. Thus, with increasing investment in the R&D of precise medicines the demand for peptide synthesis is expected to increase in the future.
Besides, there are more factors behind the expansion of the peptide synthesis market such as rising emphasis on protein-based therapeutics such as recombinant proteins, and the high prevalence of cardiovascular diseases, reported by the World Health Organization every year around 17.9 million deaths take place globally due to cardiovascular diseases.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
7.1% |
Base Year Market Size (2023) |
USD 606.73 Million |
Forecast Year Market Size (2036) |
USD 1.46 Billion |
Regional Scope |
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Product (Equipment, Reagents & Consumables)
The reagent & consumable segment is expected to dominate the global peptide synthesis market registering a CAGR of 53% by the end of 2036. This section includes both inorganic and organic substances that are employed in the production of various peptide types. The market is expanding as a result of the growing need for peptides in medication discovery and research. For instance, research on peptide hormones resulted in 6020 items in the HORDB database, comprising 5720 peptide hormones and 42 peptide medicines.
End User {Pharmaceutical & Biotechnology Companies, Contract Development & Manufacturing Organization (CDMO), Research Institutes}
Peptide synthesis market from the pharmaceutical and biotechnology company segment is estimated to witness the highest CAGR of 35% in the estimated period. The segment's expansion may be ascribed to the brisk expansion of biotechnology and pharmaceutical firms, the rise in biologic drug production, and expanding public knowledge of peptide synthesis technology. The Indian pharmaceutical sector is set to reach USD 130 billion by the end of 2030. Peptide synthesis technology is in higher demand due to the growth in the amount of pharma and biotechnology firms, which has resulted in the creation of more sophisticated peptide synthesis products.
Our in-depth analysis of the global Peptide synthesis market includes the following segments:
Product |
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Technology |
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End User |
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North America Market Statistics
The peptide synthesis sector in the North America region is set to witness the largest market share, registering a CAGR of 35% by the end of the forecast period. The government and academic institutions' increasing efforts to create innovative peptide-based medicinal pharmaceuticals can be largely responsible for the market's expansion in the region. The market for peptide synthesis in North America is expanding due to the rising incidence of chronic diseases including diabetes, and cancer, as well as the rising need for peptide-based medications. For instance, according to a recent assessment by the International Diabetic Federation (IDF), 14.096 percent of persons in the North America and Caribbean (NAC) area aged 20 and older were predicted to have diabetes in 2021.
APAC Market Forecast
In the Asia Pacific region, the peptide synthesis market is anticipated to grow significantly during the time period between 2024- 2036. Market growth is mainly influenced due to technological advancements in peptide synthesis. The aging population in this region is expected to drive the growth of the regional peptide market. As people age, their bodies become more susceptible to chronic diseases that require special treatment. In addition, the rise of the biotechnology and biopharmaceutical sector is also expected to drive the regional growth of the market during the studied period.
Author Credits: Rajrani Baghel
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