Oral Proteins and Peptides Market Growth Analysis By Top Key Players: Allergan plc, AstraZeneca plc, Biocon Limited, Chiasma, Inc., Proxima Concepts Limited (Diabetology Ltd.) and more
Therapeutic proteins and peptides are an important class of drugs that provide services to patients in need of new treatments. Approved oral protein and peptide drugs are known to treat a variety of clinical signs including diabetes, gastrointestinal disorders and hormonal disorders.
Key factors driving the growth of the global oral protein and peptide market include increased collaboration efforts among pharmaceutical companies, the spread of chronic diseases, increased elderly population, oral proteins and peptide-based drugs.
However, high cost associated with drug development and low bioavailability of these drugs impede the market growth. Conversely, increase in novel indications for known oral protein therapeutics, high R&D investment by pharmaceutical companies in oral proteins & peptides drugs, and rise in purchasing power in the emerging markets are anticipated to provide lucrative opportunities for the manufacturers in this industry.
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The report provides extensive competitive analysis and profiles of key market players, such as
• Allergan plc
• AstraZeneca plc
• Biocon Limited
• Chiasma Inc.
• Proxima Concepts Limited (Diabetology Ltd.)
• Generex Biotechnology Corp.
• Novo Nordisk A/S
• Synergy Pharmaceuticals Inc.
• Tarsa Therapeutics Inc.
Other players (profiles not included in the report) in the value chain analysis include Sanofi S.A., F. Hoffmann-La Roche AG, Synthetic Biologics, Inc., Hovione Limited, and Novartis International AG.
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The gastric & digestive disorders application generated the highest revenue in 2016, and is anticipated to continue this trend in the future. This is attributed to the approval and high adoption of oral proteins and peptide drugsLINZESS (Allergan, Inc.) and TRULANCE (Synergy Pharmaceuticals, Inc.). The diabetes application is anticipated to grow at the highest CAGR of 13.4% from 2022 to 2028.
The U.S. held the highest market share in 2016, owing to high prevalence rate of chronic diseases, rise in adoption of these drugs, and increase in awareness about oral protein and peptide therapeutics. The rest of the world is expected to grow owing to rapid industrialization, increase in disposable income, and upsurge in government initiatives to modernize healthcare infrastructure.
Key Findings of the Oral Proteins and Peptides Market:
• The insulin drug type segment is anticipated to grow at the highest CAGR from 2022 to 2028
• The gastric & digestive disorder application segment is anticipated to occupy the largest share in the oral proteins and peptides market
• The diabetes segment is expected to witness the highest growth rate during the forecast period
• The U.S. dominated the oral proteins and peptides market, and is projected to grow at a CAGR of 11.7%
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
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