What's driving the Customized Peptide Synthesis Market Growth? | Key Players are GenScript, AAPPTec, Advanced ChemTech, AnaSpec, New England Peptide, Rockland Immunochemicals, Inc., INTAVIS Bioanalytical Instruments, JPT Peptide Technologies

The customized peptide synthesis market is projected to generate a revenue of $390.0 million by 2024 as per a recent P&S Intelligence study. The market is being progressively driven by technological innovations, growing burden of cancer and infectious diseases, increasing investments and funding for protein-based research, and rising research activities in synthetic biology.

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There are two main types of products available in the customized peptide synthesis market: reagents and equipment. Among the two, the reagents category is expected to witness the faster growth during the forecast period, registering a CAGR of 6.8%. The reason for such a growth of the domain would be the heavy usage of a wide variety of reagents, including additives, substrates, precipitation agents, buffers, and others.

Now talking about the application segment, commercial application is expected to be the fastest growing in the customized peptide synthesis market during the forecast period, registering a CAGR of 6.9%. The inclusion of modified amino acids and recent advancements in chemical peptide synthesis have expanded the commercial potential of customized peptides. Moving further to the technology segment, the solid-phase peptide synthesis (SPPS) technology is projected to gain the most ground during 2019–2024, advancing at a CAGR of 6.9%.

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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 key players operating in the customized peptide synthesis industry are:
1- GenScript
2- AAPPTec
3- Advanced ChemTech
4- AnaSpec
5- New England Peptide
6- Rockland Immunochemicals, Inc.
7- INTAVIS Bioanalytical Instruments
8- JPT Peptide Technologies

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This release was published on openPR.