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What's driving the Customized Peptide Synthesis Market Growth? | Top Key Players: BACHEM AG, Thermo Fisher Scientific, AAPPTec, Advanced ChemTech, AnaSpec, New England Peptide, Rockland Immunochemicals, Inc.
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The different types of products available in the customized peptide synthesis market are reagents and equipment. Reagents category is expected to observe faster growth in demand, witnessing a CAGR of 6.8% during the forecast period. This growth can be attributed to the high usage of a wide range of reagents including substrates, additives, buffers, precipitation agents, and others for the purpose of peptide synthesis.
Based on technology, SPPS technology is predicted to be the fastest growing technology in the global market in the coming years, advancing at a CAGR of 6.9% during 2019-2024. As compared to SPS, this technology has high efficiency and throughput screening, with greater simplicity and speed for the production of peptides.
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During the forecast period, customized peptide synthesis market in APAC is expected to witness the fastest growth, observing a CAGR of 7.9%. The growth in the market is mainly led by the increasing use of peptides in drug discovery, low cost of raw materials, technological advancements, increasing life sciences research activities, and availability of funds for research and development.
Globally, the customized peptide synthesis market is witnessing rapid evolution with the development and launch of new peptide-based products. For instance, in September 2018, Biotage AB launched its new Alstra remote software, which enables the users to program the peptide synthesis setup offline, subsequently import peptide sequences, and then execute the synthesis on Initiator + Alstra.
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Some of the other key players operating in the customized peptide synthesis industry:
1- GenScript Biotech Corporation
2- Bachem AG
3- Thermo Fisher Scientific Inc.
4- AAPPTec LLC
5- Advanced ChemTech
6- AnaSpec Inc.
7- New England Peptide Inc.
8- Rockland Immunochemicals Inc.
9- INTAVIS Bioanalytical Instruments AG
10- JPT Peptide Technologies GmbH.
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About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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