Pharmaceutical and biotechnology companies are making increased investment in research and development activities, which is likely to amplify growth opportunities of the global custom peptide synthesis services market over the period of assessment.
Global Custom Peptide Synthesis Services Market: Overview
Pharmaceutical and biotechnology companies are making increased investment in research and development activities, which is likely to amplify growth opportunities of the global custom peptide synthesis services market over the period of assessment. Peptide synthesis refers to the process of creating short sequences of polypeptides through addition of one amino acid at a time. The peptide synthesis process is beneficial for the purpose of generating specific sequences representing epitopes of specific protein domains that might or might not be altered by moieties like phosphate groups. Peptide molecules have gathered considerable traction in the nutrition and healthcare industry, which is likely to drive the demand for peptide synthesis process. Much of technological advancement has been made so as to perform the desired synthesis or production of peptide. With respect to chemical and enzymatic peptide synthesis, this particular trend has been observed.
There are several options available from custom peptide synthesis services, which include additional testing, purification, quantity, and addition of modifications. This addition of modification comprises cyclization, glycosylation, biotinylation, methylation, phosphorylation, or attachment to dye labels or carrier proteins.
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Global Custom Peptide Synthesis Services Market: Key Trends
The global custom peptide synthesis services market is characterized by the presence of the following restraints, drivers, and opportunities.
Increasing Research and Development Projects to Spell Growth of the Market
The development of the global custom peptide synthesis services market is estimated to be influenced by the increased investment made by pharmaceutical and biotechnology companies. The shortage of time has led researchers and scientists to create their own customized peptide, which is likely to augur well for the growth of the global custom peptide synthesis services market over the period of assessment.
In addition, rise in the number of studies and researches on molecular biology and biochemistry is anticipated to drive the demand for customized peptide amongst the students is likely to work in favor of global custom peptide synthesis services market in the near future. As the global pandemic, Covid-19 wreaks havoc across the world, businesses around the world has been affected, mostly adversely. In the current scenario, the global custom peptide synthesis services market is estimated to be adversely influenced by the outbreak of novel coronavirus, at least for the next few months to come.
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The study also offers a list of recommendations, highlights, and useful insights of the Custom Peptide Synthesis Services market, which would help new companies willing to enter the Custom Peptide Synthesis Services market and existing companies to increase market shares and help in the decision-making process
Global Custom Peptide Synthesis Services Market: Notable Developments
One of the developments that offer a glimpse of the market dynamics about the global custom peptide synthesis services market is mentioned below:
- In February 2017, researchers at MIT (Massachusetts Institute of Technology) have come up with the design of a machine that is capable of rapidly producing customized peptides in large quantities. This machine is capable of creating links between acids in as less as 37 seconds and can produce peptide molecules in less than even an hour. Such new, innovative products are likely to revolutionize the market.
Some of the prominent organizations in the global custom peptide synthesis services market include the below-mentioned:
- FabGennix International, Inc.
- ProteoGenex, Inc.
- Biotools Co., Ltd.
- Biorbyt Ltd.
- Bio Basic Inc.
- Rockland Immunochemicals, Inc.
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