Albany NY, United States: The global peptide synthesis market is expected to witness moderate growth during the forecast period between 2021 and 2031.
Albany NY, United States: The global peptide synthesis market is expected to witness moderate growth during the forecast period between 2021 and 2031.
Peptide synthesis involves the manufacturing of peptides where in several amino acid compounds are linked using amine bonds, which are also known as peptide bonds.
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Peptide synthesis technology is developed through an optimum combination of chemical synthesis and enzymatic synthesis since the advantages of both these methods have been found to synergize appropriately. Some of the application segments for peptide synthesis include diagnosis, research, and therapeutics.
COVID-19 pandemic negatively impacted the growth in the global peptide synthesis market. With several diagnostics and research laboratories shutting down because of government-imposed lockdowns and stringent social distancing regulations, peptide manufacturing activities were halted significantly.
This reduced the demand for peptide synthesis and affected the growth in the global peptide synthesis market.
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Peptide Synthesis Market - Trends and Opportunities
Rising peptide molecules demand in the healthcare and nutrition industries is the key growth driver for the global peptide synthesis market.
Also, increasing peptide deployment in the production of therapeutic drugs is expected to fuel the growth in the overall peptide synthesis market, in the coming years.
Peptides have been increasingly deployed in the treatment of neurodegenerative and cardiovascular disorders which is expected to help in the growth of the global peptide synthesis market, in future.
Advancements to existing peptide synthesis technology could help increase the peptide synthesis demand and propel the overall peptide synthesis market, in the years ahead.
Government initiatives and measures, promoting the benefits of peptide synthesis could bolster the overall market growth, in future.
Reagents product segment is anticipated to contribute the most to the overall market because increased peptides application in the fields of gene synthesis, therapeutics, and drug design.
Therapeutics application segment is expected to make the largest contribution to the overall peptide synthesis market because of increasing deployment in the treatment of patients suffering from diseases such as cancer, gastrointestinal disorders and renal diseases.
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Peptide Synthesis Market - Competitive Landscape
The global peptide synthesis market is extremely competitive, with the presence of several well-established market players, many of whom have become successful owing to years of delivering consistent results and are expected to account for a large share in the global market, in future.
Growth strategies such as novel product launches could help well-established peptide synthesis market players gain a competitive edge over others.
US-based market player GenScript Biotech, in April 2020, announced the launch of ‘Neoantigen Specific Peptide Synthesis Service’ which has been deployed for precision immune-oncology therapeutic development, in the next two years.
Prominent peptide synthesis market players could collaborate with smaller players in a bid to expand their market presence and increase their revenue shares.
R&D undertakings could be a key growth strategy for well-established peptide synthesis market players, in the years ahead.
Some of the leading players in the global peptide synthesis market include Thermo Fischer, CEM Corporation, Bachem Holdings, Genscript Biotech, and Polypeptide Group.
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Peptide Synthesis Market - Regional Assessment
North America is anticipated to be the dominant region in the global peptide synthesis market because of the increased awareness about peptide synthesis technologies among population sections residing in countries such as US and Canada. Large presence of leading market players in these countries could also contribute to market growth in North America, in future.
Asia Pacific is expected to offer lucrative growth opportunities for the global peptide synthesis market owing to increasing prevalence of chronic diseases in countries such as India, contributing to market growth in the growth in the region.
Europe is anticipated to witness strong growth in the overall peptide synthesis market because of increased healthcare expenditure by governments in countries such as UK and Germany.
The rest of the world is anticipated to witness moderate growth in the global peptide synthesis market, in the years ahead.
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