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HEALTHCARE & PHARMACEUTICAL

Solid Phase Peptide Synthesis Market Segmentation by Product (Reagents, Equipment, and Others); and by End-User (Pharmaceutical & Biotechnology Industry, Contract Development & Manufacturing Organizations, Academic & Research Institutes, and Others) – Global Demand Analysis and Opportunity Outlook 2030

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Extensive insights into the Growth of Solid Phase Peptide Synthesis Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

  • September 2020: CSBio announced the release of CSBIO 2 Peptide Synthesizer. This release makes the peptides more accessible and helps enable drug discovery and commercialization of peptide therapeutics.

  • May 2020: Thermo Fisher Scientific announced a collaboration with MSAID GmbH to provide access to deep learning tools for discovery and targeted proteomics. This agreement helps in the development and commercialization of tools to open new insights in proteomic research.

  • October 2019: CEM Corporation announced that it had entered into an agreement to purchase the instrumentation lines of Intavis Bioanalytical Instruments AG. This acquisition allows CEM Corporation to strengthen its product offering in the Life Sciences for proteomics, in-situ hybridization, and peptide synthesis.

Global Solid Phase Peptide Synthesis Market Highlights 2022-2030

The global solid phase peptide synthesis market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2022-2030. The extensive research and development associated with solid phase peptide synthesis, along with the increasing technological advancements in the development of solid phase peptide synthesizers, are expected to fuel the growth of this market. Peptides have an important role in signalling molecules in the regulation of human metabolism. With the advancement in technology, researchers realized the potential role of peptides as therapeutic agents, and consequently, research on the chemical synthesis of peptides advanced further, which led to the development of peptides using the solid phase peptide synthesis method. Peptides have diverse biological characteristics such as high biological activity, high specificity & ample chemical space, relative ease of synthesis, ready availability, and low toxicity. Therefore, they are used in numerous areas such as immunogens to produce selective peptide antibodies, binders to test the affinity of antibodies to antigens, medical imaging, and radionuclide therapy. According to the data collected from International Diabetes Federation, it is estimated that around 463 million people globally had diabetes in 2019, and by 2045, the count is projected to reach 700 million. The growth of the market can also be attributed to factors such as the increasing use of peptides in pharmaceutical drug development and in the treatment of various lifestyle disorders such as diabetes and obesity. Furthermore, due to the rapid and high-purity synthesis of peptides through solid phase peptide synthesis, the peptides can also be used in vaccine systems. The vaccines developed using peptides are highly stable and generally water-soluble. This factor is estimated to significantly boost the market growth.

Solid Phase Peptide Synthesis Market Graph

The market is segmented on the basis of product into reagents, equipment, and others, out of which, the equipment segment is anticipated to grab the largest share by the end of 2022, on account of higher adoption rates of these instruments for the solid phase peptide synthesis. Moreover, the use of these instruments also leads to ease of operation, which is also projected to contribute to the growth of the segment during the forecast period. CLICK TO DOWNLOAD SAMPLE REPORT

On the basis of end-user, the pharmaceutical & biotechnology industry segment in the global solid phase peptide synthesis market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the growth in use of peptides for therapeutic development and increased research & development activities in this segment relating to genomics, molecular biology, and associated fields.

Major Macro-Economic Indicators Impacting the Market Growth

Healthcare Expenditure per Capita Graph

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Solid Phase Peptide Synthesis Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East & Africa region. The market in the Asia Pacific is predicted to grow at the highest CAGR over the forecast period owing to the rising demand for novel antibody and protein-based drugs and the increasing expenditure on research activities in the region. Furthermore, in 2022, the market in North America is evaluated to occupy the largest share in terms of revenue, owing to the favourable regulatory environment for early approval of peptide drugs, accompanied by the presence of advanced healthcare infrastructure in the region. Along with this, North America also has a high prevalence of chronic lifestyle disorders, which is also expected to boost the demand for peptides, which in turn, would contribute to the market growth in the region.

Alternatively, the market in Europe is also anticipated to occupy a significant share in the solid phase peptide synthesis market on account of high investments in solid phase peptide synthesis technologies and a high prevalence of obesity & diabetes in the region. As per the International Diabetes Federation Atlas, in 2019, around 59 million individuals in the age between 20-79 years had diabetes in Europe. Additionally, European region had the highest number of children and adolescents having Type-1 diabetes and the number amounted to 296,500 in total in the same year.

Solid Phase Peptide Synthesis Market Share Graph

The global solid phase peptide synthesis market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global solid phase peptide synthesis market includes the following segments:

By Product

  • Reagents
  • Equipment
  • Others

By End-User

  • Pharmaceutical & Biotechnology Industry
  • Contract Development & Manufacturing Organizations
  • Academic & Research Institutes
  • Others

Growth Drivers

  • Extensive Research and Development Associated with Solid Phase Peptide Synthesis
  • Increasing Technological Advancements in the Development of Solid Phase Peptide Synthesizers

Challenges

  • Problems Associated with Administering Peptide Drugs
  • Dispersed Regulations for Therapeutic Peptides

Key players Dominating the Market

  • AAPPTec, LLC
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • CEM Corporation
  • Bachem Holding
  • CSBio
  • Biotage
  • AnaSpec
  • Thermo Fisher Scientific
  • New England Peptide, Inc.
  • GenScript Biotech Corporation
  • Zen-Bio Inc

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