Peptide Synthesis Market By Peptide Type (Long, Short, Cyclic, Modified), Application (Drug Discovery, Therapeutics, Research, Cosmetics), Technology (Solid Phase, Liquid Phase, Hybrid Phase), & Region For 2024-2031
Published on: 2024-08-01 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Peptide Synthesis Market By Peptide Type (Long, Short, Cyclic, Modified), Application (Drug Discovery, Therapeutics, Research, Cosmetics), Technology (Solid Phase, Liquid Phase, Hybrid Phase), & Region For 2024-2031
Peptide Synthesis Market Valuation – 2024-2031
Peptide Synthesis Market size was valued at USD 373.03 Million in 2023 and is projected to reach USD 595.64 Million by 2031, indicating a growth rate (CAGR) of 5.76% from 2024 to 2031.
This growth trajectory reflects sustained demand for peptide synthesis technologies across pharmaceutical, biotechnology, and research sectors. The market’s expansion is underpinned by increasing investment in drug discovery and development, coupled with a rising focus on personalized medicine and targeted therapies. Advancements in peptide synthesis methodologies and technologies contribute to improved efficiency and scalability in manufacturing processes, further driving market growth.
Peptide Synthesis MarketDefinition/Overview
Peptide synthesis involves the art of constructing peptides, smaller counterparts of proteins, by linking amino acids together. These amino acids, which are the fundamental building blocks of life, are carefully arranged in a specific order to form the desired peptide structure. Chemical synthesis is the conventional approach, which entails a step-by-step assembly using various chemical reactions. This method provides precise control but can be labor-intensive. Non-chemical synthesis, a newer frontier, explores alternative methods such as enzymes or biological processes. While promising for faster synthesis or specific functionalities, it is still under development.
Peptide synthesis serves as the foundation for numerous scientific endeavors. Across various fields, peptide synthesis finds diverse applications. In pharmaceuticals, drugs for conditions like diabetes and cancer are created through peptide synthesis. Research labs utilize it to comprehend protein functions, devise diagnostics, and engineer novel materials. The applications of peptide synthesis continue to expand as scientists uncover the potential of peptides in medicine, biotechnology, and material science.
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What Factors are Driving the Growth of the Peptide Synthesis Market?
One significant driver is the rising preference for peptide-based therapeutics over traditional small-molecule drugs. Their targeted action and ability to be tailored to mimic natural molecules in the body is resulting in reduced side effects and improved efficacy, thereby spurring the acceptance of peptide synthesis. This advantage is particularly attractive for the treatment of complex diseases like cancer and chronic illnesses. As targeted therapies and personalized medicine are prioritized in the healthcare landscape, there is an anticipated increase in demand for peptide-based drugs, thus fueling growth in the Peptide Synthesis Market.
Continuous heavy investment in research and development by pharmaceutical and biotechnology companies is another crucial factor contributing to market growth. These investments lead to the discovery and development of new drugs, with peptides holding immense promise in various therapeutic areas such as oncology, immunology, and metabolic disorders. The heightened focus on peptide-based therapies necessitates robust peptide synthesis capabilities, thereby propelling market expansion to meet the growing demand for peptide-based drugs.
There is a trend towards outsourcing peptide synthesis to Contract Research Organizations (CROs) and Contract Development and Manufacturing Organizations (CDMOs), which is boosting market growth. Despite some pharmaceutical companies having in-house peptide synthesis facilities, outsourcing offers expertise, specialized equipment, and economies of scale, making peptide synthesis more efficient and cost-effective. This shift towards contract manufacturing services is expected to continue, further driving the Peptide Synthesis Market.
Technological advancements play a crucial role in streamlining and improving peptide synthesis processes. Newer automated peptide synthesizers allow for faster and more efficient synthesis, while advancements in purification techniques ensure higher-quality peptides. Thus, the exploration of non-chemical synthesis methods offers exciting possibilities for scalable and cost-effective peptide production in the future, contributing to market growth through enhanced efficiency and productivity. The Peptide Synthesis Market is poised for continued expansion driven by the increasing demand for peptide-based drugs, rising R&D investments, adoption of advanced synthesis technologies, and the shift towards contract manufacturing services. These factors collectively contribute to the market’s promising future and sustained growth trajectory.
What Factors are Plummeting Sales of the Peptide Synthesis Market?
The presence of supply chain disruptions renders the market susceptible to shortages in critical materials and equipment used in peptide synthesis. Delays and hindrances in production are caused by shortages of amino acids, resins, or specialized instruments, ultimately leading to decreased sales and impacting market stability. Another factor contributing to plummeting sales is the presence of regulatory hurdles. The regulatory landscape for peptide-based drugs is often characterized by complexity and time-consuming processes. Obtaining regulatory approval for new peptide drugs involves rigorous clinical trials and stringent safety assessments, which can be expensive and delay market entry for new therapies. Consequently, pharmaceutical companies are deterred from investing in peptide synthesis and developing new peptide-based drugs, resulting in a decline in sales.
Formidable competition from alternative therapies poses a significant challenge for the Peptide Synthesis Market. Emerging therapeutic modalities like gene therapy and antibody-drug conjugate present alternatives that may be perceived as more effective or have a broader range of applications for certain diseases. As a result, pharmaceutical companies may shift their focus and investments away from peptide synthesis, leading to reduced sales. The high costs associated with peptide synthesis contribute to declining sales.
Peptide synthesis, particularly for complex peptides, is characterized by relatively expensive processes due to the costs of raw materials, specialized equipment, and skilled labor. This high cost acts as a deterrent for smaller research groups or companies with limited budgets, hindering their exploration of peptide-based drugs and leading to decreased sales in the market. Addressing these challenges is crucial to revitalizing market growth and ensuring its sustained success.
Category-Wise Acumens
What Advantages Do Solid-Phase Technique Offer, Compared to Other Techniques in the Peptide Synthesis Market?
Several advantages are offered by solid-phase peptide synthesis (SPPS) compared to other techniques in the Peptide Synthesis Market, rendering it a preferred method for synthesizing peptides. SPPS simplifies the purification process by enabling stepwise peptide assembly on a solid support, typically a resin. This method allows for the synthesis of longer and more complex peptides with higher purity compared to liquid-phase synthesis techniques, creating wide scope for application.
The solid support facilitates the removal of excess reagents and by-products at each synthesis step, resulting in purer peptide products. SPPS is highly efficient and amenable to automation, leading to increased productivity and scalability. Automated SPPS platforms can perform multiple synthesis reactions simultaneously, reducing labor costs and accelerating the production process. This efficiency is particularly advantageous for large-scale peptide synthesis required for pharmaceutical and biotechnological applications.
Growing demand for precise control over peptide synthesis reactions helps manipulate reaction conditions and synthesis parameters to synthesize peptides with specific sequences and structural characteristics, enabling the production of customized peptides tailored to meet diverse research and therapeutic needs. The ability to customize peptide sequences and modifications is essential for drug discovery, protein engineering, and biochemical research. Thus, surging the use of SPPS for enabling the incorporation of diverse chemical modifications and functional groups into peptide sequences. Functionalized peptides can be designed for targeted drug delivery, diagnostics, and biomaterials development, enhancing their biomedical utility. All these advantages make SPPS the method of choice for synthesizing peptides for various biomedical, pharmaceutical, and research applications, driving its widespread adoption in the Peptide Synthesis Market.
Will the Therapeutics Segment Turn into an Epicenter of Growth in the Peptide Synthesis Market?
The therapeutics segment is anticipated to be a significant epicenter of growth in the Peptide Synthesis Market due to several key factors that drive demand for peptide-based therapeutics. The increasing prevalence of chronic and complex diseases worldwide, such as cancer, diabetes, and autoimmune disorders is likely to surge its application in the therapeutic sector. The unique advantages of therapeutic intervention in the conditions, including targeted action, reduced side effects, and enhanced efficacy is profitable to the market.
As the global burden of these diseases continues to rise, there is a growing demand for innovative therapeutics capable of addressing unmet medical needs, thereby fueling the growth of the Peptide Synthesis Market. The capabilities of peptide-based therapeutics have been expanded by advancements in peptide synthesis technologies and techniques. Solid-phase peptide synthesis (SPPS), in particular, has revolutionized peptide production, enabling the synthesis of longer and more complex peptide sequences with high purity and efficiency. This technological progress has facilitated the development of novel peptide drugs targeting a wide range of diseases and conditions, further driving growth in the therapeutics segment.
Opportunities for personalized medicine and targeted therapies have been created by the trend towards personalized medicine. Peptides can be designed to interact with specific molecular targets involved in disease pathways, offering precise and personalized treatment options. This emphasis on personalized medicine is expected to stimulate the development of customized peptide therapeutics and increase demand for peptide synthesis services in the therapeutics segment. The growth in research and development investment by pharmaceutical and biotechnology companies is fueling innovation in peptide-based drug discovery and development. These companies are increasingly focusing on peptide therapeutics as a viable strategy for addressing complex diseases and expanding their product pipelines. Consequently, there is a growing demand for peptide synthesis services to support preclinical and clinical development programs.
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Country/Region Wise Acumens
Could North America Drive an Increase in Sales within the Peptide Synthesis Market?
North America is characterized by a robust healthcare infrastructure and a strong presence of pharmaceutical and biotechnology companies, making it a hub for medical research and innovation. Heavy investments in research and development by these companies to discover and develop new peptide-based therapeutics result in driving demand for peptide synthesis services. With a focus on the development of cutting-edge treatments for various diseases, North America finds itself well-positioned to stimulate growth in the Peptide Synthesis Market. North America witnesses a disproportionately high prevalence of chronic diseases such as cancer, diabetes, and cardiovascular disorders. Peptides, with their unique advantages for targeted therapy in these conditions, including reduced side effects and enhanced efficacy, are sought after. As the demand for innovative therapeutics continues to rise in response to the increasing disease burden, there emerges a growing need for peptide synthesis to support drug discovery and development efforts, thereby driving sales within the market.
North America benefits from favorable regulatory frameworks and a supportive business environment, which facilitates the rapid advancement and commercialization of peptide-based drugs. Regulatory agencies such as the Food and Drug Administration (FDA) provide clear guidelines and expedited pathways for the approval of peptide therapeutics, enabling efficient market access for new products. This regulatory support encourages pharmaceutical companies to invest in peptide synthesis and accelerate the introduction of novel peptide drugs to the market, thereby contributing to sales growth. North America is home to leading academic and research institutions that specialize in peptide science and drug development. These institutions closely collaborate with industry partners to translate scientific discoveries into clinical applications, driving innovation in peptide synthesis techniques and technologies. Consequently, North America remains at the forefront of peptide research and development, attracting investment and driving sales within the Peptide Synthesis Market. With a focus on innovation and the development of advanced therapeutics, North America is poised to play a significant role in shaping the future of the peptide synthesis industry.
Will the Sales of the Peptide Synthesis Market Fare well in Asia Pacific?
Rapid economic development and industrialization are being witnessed in the Asia Pacific region, leading to increased investments in healthcare infrastructure and research and development activities. This growth is accompanied by a rising demand for innovative therapeutics to address the healthcare needs of a growing population, including the treatment of chronic and complex diseases. Peptide-based drugs, with their targeted action and reduced side effects, are increasingly recognized as promising treatment options, thereby driving the demand for peptide synthesis services in the region.
Asia Pacific region is home to a burgeoning biopharmaceutical industry, characterized by a growing number of pharmaceutical and biotechnology companies engaged in drug discovery and development. These companies are increasingly focusing on peptide-based therapeutics due to their unique advantages, including high specificity and efficacy. Consequently, there is a growing need for peptide synthesis to support the development of novel peptide drugs, driving sales within the market.
Supportive regulatory environments and government initiatives aimed at promoting the biotechnology and life sciences sectors further bolster the growth of the Peptide Synthesis Market in the Asia Pacific region. Regulatory agencies in countries such as China, India, and Singapore have streamlined approval processes for biopharmaceuticals, including peptide drugs, facilitating market access for new products. Government funding and incentives for R&D activities also encourage investment in peptide synthesis and drug development, contributing to market growth.
The region benefits from a large pool of skilled scientific talent and research expertise, particularly in countries like India and China. Academic and research institutions collaborate closely with industry partners to drive innovation in peptide synthesis technologies and develop new therapeutic applications. This collaboration fosters a conducive environment for scientific advancement and product innovation, thereby fueling sales growth in the Peptide Synthesis Market.
Competitive Landscape
Examining the competitive landscape of the Peptide Synthesis Market is considered crucial for insights into the industry’s dynamics. This research aims to analyze the competitive landscape, with a focus on key players, market trends, innovations, and strategies. By conducting this analysis, valuable insights will be provided to industry stakeholders, assisting them in effectively navigating the competitive environment and seizing emerging opportunities. Understanding the competitive landscape will enable stakeholders to make informed decisions, adapt to market trends, and develop strategies to enhance their market position and competitiveness in the Peptide Synthesis Market.
Some of the prominent players operating in the Peptide Synthesis Market include
Merck KGaA, Biotage AB, Gyros Protein Technology, Genscript Biotech, Advanced Chemtech, Beachem Holdings AG, JPT Peptide Technologies, AAPPTec, CSBio Company Inc., and CEM Corporation.
Latest Developments
- In June 2022, a new peptide was launched by Evonik to boost the productivity of cell-culture-based biopharmaceuticals. cQrex AC is a chemically defined and highly soluble source of L-cystine that enables a sufficient supply of this key amino acid to cells.
- In January 2023, an agreement to acquire the peptide synthesis company Asymchem was announced by Merck. This acquisition will give Merck access to Asymchem’s expertise in peptide synthesis and its global manufacturing network.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2018-2031 |
Growth Rate | CAGR of ~ 5.76% from 2024 to 2031 |
Base Year for Valuation | 2023 |
HISTORICAL PERIOD | 2018-2022 |
Forecast Period | 2024-2031 |
Quantitative Units | Value in USD Million |
Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
Segments Covered |
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Regions Covered |
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Key Players | Merck KGaA, Biotage AB, Gyros Protein Technology, Genscript Biotech, Advanced Chemtech, Beachem Holdings AG, JPT Peptide Technologies. |
Customization | Report customization along with purchase available upon request |
Peptide Synthesis Market, By Category
Peptide Type
- Long
- Short
- Cyclic
- Modified
Application
- Drug Discovery
- Therapeutics
- Research
- Cosmetics
- Others
Technology
- Solid Phase
- Liquid Phase
- Hybrid Phase
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlight