Peptide Therapeutics Market By Product Type (Generic, Innovative), Route of Administration (Parenteral, Oral, Nasal), Application (Central Nervous System Disorders, Allergy/Immunological), End-Uuser (Pharmaceutical & Biotechnology Industries, Academic & Research Institutes), & Region for 2024-2031
Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Peptide Therapeutics Market By Product Type (Generic, Innovative), Route of Administration (Parenteral, Oral, Nasal), Application (Central Nervous System Disorders, Allergy/Immunological), End-Uuser (Pharmaceutical & Biotechnology Industries, Academic & Research Institutes), & Region for 2024-2031
Peptide Therapeutics Market Valuation – 2024-2031
The rising incidence of chronic diseases such as cancer, diabetes, and cardiovascular conditions is propelling the adoption of Peptide Therapeutics. Technological innovations in peptide synthesis, drug delivery systems, and molecular biology is driving the market size surpass USD 34.39 Billion valued in 2023 to reach a valuation of around USD 63.12 Billion by 2031.
In addition to this, there’s a growing preference for biologics over traditional small molecule drugs due to their high specificity, efficacy, and reduced side effects is spurring up the adoption of Peptide Therapeutics. Significant investment by pharmaceutical companies and governments in R&D activities is enabling the market grow at a CAGR of 8.7% from 2024 to 2031.
Peptide Therapeutics MarketDefinition/ Overview
Peptide therapeutics are a class of medical treatments derived from peptides, which are short chains of amino acids. These therapeutics are designed to mimic or influence the body’s natural biological processes, offering high specificity and efficacy in targeting various diseases. Due to their biocompatibility and reduced side effects, peptide drugs are increasingly favored over traditional small molecule drugs.
The applications of peptide therapeutics are diverse, spanning several medical fields. They are extensively used in treating metabolic disorders, such as diabetes, and have significant roles in oncology, where they help in targeting cancer cells with precision. Additionally, peptide therapeutics are employed in cardiovascular diseases, infectious diseases, and neurological disorders, among others, highlighting their versatility and therapeutic potential.
Looking to the future, the scope of peptide therapeutics is expansive. Ongoing advancements in peptide synthesis, drug delivery technologies, and molecular biology are expected to enhance the development and effectiveness of these treatments.
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How will Rising Prevalence of Chronic Diseases Increase Adoption of Peptide Therapeutics?
The peptide therapeutics market is driven primarily by the increasing prevalence of chronic diseases. Conditions such as cancer, diabetes, and cardiovascular diseases are on the rise globally, creating a substantial need for effective treatments. Peptide therapeutics, known for their high specificity and efficacy, offer promising solutions for managing these chronic conditions, thereby driving market growth.
Advancements in biotechnology play a significant role in propelling the peptide therapeutics market forward. Innovations in peptide synthesis, such as solid-phase synthesis and recombinant DNA technology, have streamlined the production process, making it more efficient and cost-effective. Additionally, advancements in drug delivery systems are enhancing the stability and bioavailability of peptide drugs, increasing their therapeutic potential and market appeal.
The growing geriatric population is another key driver for the peptide therapeutics market. As the global population ages, the incidence of age-related diseases such as Alzheimer’s, osteoporosis, and certain types of cancers is expected to rise. This demographic shift is leading to an increased demand for effective and targeted therapies, such as peptide-based treatments, which can address the specific health needs of the elderly.
Investment in research and development (R&D) and favorable regulatory environments are also crucial in driving the peptide therapeutics market. Pharmaceutical companies and governments are investing heavily in R&D to discover and develop new peptide drugs. Moreover, regulatory bodies are providing expedited approval processes for peptide therapeutics, recognizing their potential benefits. This supportive regulatory framework is encouraging more companies to enter the market and innovate, further boosting the growth of the peptide therapeutics sector.
Will Complex Synthesis Processes of Peptide Therapeutics Restrain Its Application?
The peptide therapeutics market, despite its potential, faces challenges such as high costs associated with drug development and production, complex synthesis processes, advanced technology, and rigorous testing. This makes these treatments less accessible to a wider population and limits market expansion.Another restraint is the stability and delivery of peptide drugs. Peptides can be prone to rapid degradation by enzymes in the body, which can reduce their effectiveness. Ensuring that peptides reach their target sites intact and maintain their therapeutic properties is a significant technical challenge. This often necessitates the development of sophisticated drug delivery systems, which can further increase costs and complicate the development process.Regulatory challenges also pose a barrier to the growth of the peptide therapeutics market. While regulatory frameworks are becoming more favorable, obtaining approval for new peptide drugs can still be a lengthy and complex process. The stringent requirements for clinical trials, safety, and efficacy testing can delay the entry of new peptide therapeutics into the market, affecting the overall pace of innovation and market growth.In addition to this, competition from alternative therapies is a notable restraint. Small molecule drugs and other biologics, such as monoclonal antibodies, have established efficacy and safety profiles and are often preferred due to their lower cost and established market presence. This competitive landscape can make it challenging for new peptide therapeutics to gain market share and achieve widespread adoption.
Category-Wise Acumens
Will Rise in Adoption of Parenteral Route of Administration Drive Peptide Therapeutics Market?
In the peptide therapeutics market, the parenteral route of administration is the dominating segment due to several critical factors. Firstly, peptides are susceptible to degradation by the enzymes in the gastrointestinal tract when taken orally. This degradation significantly reduces their effectiveness. By using parenteral routes, such as intravenous, subcutaneous, or intramuscular injections, peptides can be delivered directly into the bloodstream, thereby maintaining their stability and ensuring they reach their target sites intact.
The parenteral route also offers high bioavailability, which is essential for achieving the desired therapeutic effects. When administered parenterally, a larger proportion of the peptide drug reaches the systemic circulation without being metabolized prematurely. This high bioavailability is crucial for treating chronic and severe conditions, including various cancers and metabolic disorders, where consistent and effective drug levels are necessary.
Additionally, parenteral administration allows for a rapid onset of action, which is particularly important in acute and emergency medical situations. For instance, in managing severe infections or acute allergic reactions, the immediate therapeutic effects provided by parenteral routes can be lifesaving. This quick response time is a significant advantage over other routes of administration that may take longer to exert their effects.
Which Factors Enhance the Use of Peptide Therapeutics in Pharmaceutical & Biotechnology Industries?
In the peptide therapeutics market, the pharmaceutical and biotechnology industries are the dominating end-user segment due to their substantial investment capabilities and advanced technological infrastructure. These industries possess the financial resources necessary for the expensive and time-consuming processes involved in the development of peptide drugs, including research, clinical trials, and obtaining regulatory approvals. Their ability to allocate significant funds toward these endeavors ensures a continuous pipeline of innovative peptide therapeutics.
Furthermore, pharmaceutical and biotechnology companies have extensive pipelines of peptide-based drugs under development, targeting a wide range of diseases. Their market reach and established distribution networks enable the rapid and widespread dissemination of new therapeutics upon approval. This extensive reach not only facilitates accessibility to new treatments but also drives market growth as these companies can effectively bring new peptide drugs to both domestic and international markets.
These industries focus heavily on treating chronic and complex diseases such as cancer, diabetes, and cardiovascular conditions, which are major therapeutic areas for peptide drugs. The high specificity and efficacy of peptide therapeutics make them particularly suitable for addressing these challenging health issues. Pharmaceutical and biotech companies’ focus on these areas aligns with the rising demand for effective treatments, further cementing their dominance in the market.
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Country/Region Wise Acumens
Will Early Adoption of Technologies in North America Mature Peptide Therapeutics Market?
North America asserts its dominance in the peptide therapeutics market through a combination of factors that set it apart as a global leader. At the heart of its supremacy lies the region’s robust pharmaceutical and biotechnology industries, which spearhead cutting-edge research and development initiatives in peptide-based treatments. With a wealth of expertise and resources, North American companies drive innovation and push the boundaries of therapeutic possibilities. This relentless pursuit of excellence positions the region at the forefront of peptide drug discovery and commercialization, solidifying its dominance in the global landscape.
In addition to this, North America benefits from a conducive regulatory environment characterized by stringent standards balanced with efficiency and transparency. Regulatory bodies like the FDA provide a clear pathway for the approval and commercialization of peptide therapeutics, fostering an environment conducive to rapid market entry and growth. This regulatory prowess not only ensures patient safety but also instills confidence among investors and stakeholders, further bolstering North America’s dominance in the peptide therapeutics market.
Also, the region’s vast market reach and established distribution networks facilitate widespread adoption and accessibility of peptide-based treatments. With a high healthcare expenditure and a strong focus on innovation, North America remains a key driver of market growth, attracting investments and collaborations from around the globe. This market dynamism, coupled with a culture of scientific excellence and entrepreneurial spirit, cements North America’s position as the dominant force shaping the future of peptide therapeutics.
Will Rising Healthcare Investments Enhance Adoption of Peptide Therapeutics in Asia Pacific?
The Asia-Pacific region is experiencing a rapid surge in the peptide therapeutics market, fueled by a convergence of factors that position it as a burgeoning segment poised for substantial growth. One key driver of this expansion is the region’s increasing healthcare investments, particularly in countries like China, Japan, and India. These investments are driving advancements in healthcare infrastructure and access to innovative treatments, including peptide-based therapeutics, thereby expanding the market reach and availability of these cutting-edge solutions across the region.
In addition to this, the Asia-Pacific region is witnessing a rising prevalence of chronic diseases, mirroring global trends. This growing burden of diseases such as cancer, diabetes, and cardiovascular ailments underscores the urgent need for effective therapeutic interventions, creating a fertile ground for the adoption and growth of peptide-based treatments. As awareness of modern therapeutic options continues to spread, fueled by increasing healthcare literacy and rising disposable incomes, the demand for peptide therapeutics in Asia-Pacific is expected to surge, driving market growth and expansion.
Furthermore, the region’s large and diverse population presents a significant market opportunity for peptide therapeutics. With a burgeoning middle class and expanding urbanization, there is a growing willingness and ability to invest in healthcare and access advanced medical treatments. This demographic shift, coupled with increasing investments in research and development, positions Asia-Pacific as a key growth engine in the global peptide therapeutics market, attracting attention and investments from industry players worldwide.
Competitive Landscape
In the competitive landscape of the peptide therapeutics market, numerous pharmaceutical and biotechnology companies vie for market share through strategies such as product innovation, strategic collaborations, and geographic expansion. These companies focus on advancing research and development efforts to introduce novel peptide-based treatments across various therapeutic areas. Additionally, partnerships with academic institutions, contract research organizations, and regulatory bodies play a crucial role in driving innovation and navigating regulatory complexities. With a growing emphasis on precision medicine and personalized therapeutics, competition intensifies as companies strive to meet evolving patient needs and capitalize on emerging opportunities in the global healthcare landscape. Some of the prominent players operating in the peptide therapeutics market include
Novo Nordisk A/S, Eli Lilly and Company, Sanofi S.A., Takeda Pharmaceutical Company Limited, AstraZeneca PLC, Pfizer Inc., Merck & Co., Inc., Teva Pharmaceutical Industries Ltd., Hoffmann-La Roche Ltd, GlaxoSmithKline plc, Bristol Myers Squibb Company, Amgen, Inc., Novartis AG, Johnson & Johnson, AbbVie, Inc., Ipsen S.A., Genentech, Inc., Sandoz International GmbH, Biocon Limited, Cipla Limited.
Latest Developments
- In March 2023, Ono Pharmaceuticals and PeptiDream have partnered for the development and discovery of Macrocyclic Constrained Peptide Therapeutics.
- In October 2023, Biosynth has acquired British synthetic peptide manufacturer Pepceuticals Limited, with the aim of strengthening its peptide division.
Report Scope
REPORT ATTRIBUTES | DETAILS |
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Study Period | 2018-2031 |
Growth Rate | CAGR of ~8.7% from 2024 to 2031 |
Base Year for Valuation | 2023 |
Historical Period | 2018-2022 |
Forecast Period | 2024-2031 |
Quantitative Units | Value in USD Billion |
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 | Novo Nordisk A/S, Eli Lilly and Company, Sanofi S.A., Takeda Pharmaceutical Company Limited, AstraZeneca PLC, Pfizer Inc., Merck & Co., Inc., Teva Pharmaceutical Industries Ltd., Hoffmann-La Roche Ltd, GlaxoSmithKline plc, Bristol Myers Squibb Company. |
Customization | Report customization along with purchase available upon request |
Peptide Therapeutics Market, By Category
Product Type
- Generic
- Innovative
Route of Administration
- Parenteral
- Oral
- Nasal
Application
- Central Nervous System Disorders
- Respiratory Disorders
- Cancer
- Metabolic Disorder
- Allergy/immunological
- Cardiovascular Disorder
End-Users
- Pharmaceutical & Biotechnology Industries
- Academic & Research Institutes
- Contract Research Organization
Region
- North America
- Europe
- Asia-Pacific
- South 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 highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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