Press release
Impact Assessment of COVID-19 Outbreak on Peptide Therapeutics Market
According to Transparency Market Research’s latest report on the global peptide therapeutics market for the historical period 2017–2018 and forecast period 2019–2027, high incidence & prevalence of metabolic disorders to escalate the growth of global peptide therapeutics market. moreover, advances in drug delivery and bioavailability is projected to drive the global peptide therapeutics market during the forecast periodAccording to the report, the global peptide therapeutics market was valued at US$ 25.0 Bn in 2018 and is anticipated to expand at a CAGR of 7.9% from 2019 to 2027
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Rise in Focus on Research & Development and Increase in Prevalence of Chronic Diseases: Key Drivers of Global Peptide Therapeutics Market
Sedentary lifestyle and unhealthy diet is leading to surge in prevalence & incidence of chronic diseases. For instance, according to World Health Organization (WHO), in 2016, estimated 17.9 million people died from cardiovascular diseases across the globe.
Geriatric population is more prone for various chronic condition, surge in old age population across the globe is anticipated to drive the growth of global peptide therapeutics market. According to Global Burden of Cardiovascular Diseases 2015, the prevalence of stroke increasing above 40 years of age.
85 years and older, is the fastest growing population group in United States. According to Cancer Facts & Figures 2019, estimated number of older adults age 85 years and above was 6.4 million in 2016 and it is expected to reach 19.0 million by 2060. In 2019, 1,944,280 adults ages 85 and older were alive with a history of cancer
Furthermore, rise in prevalence of cancer among population is likely fuel the growth of global peptide therapeutics market. World Health Organization states that, in 2018, estimated 9.6 million deaths and 18.1 million new cases of cancer were recorded globally.
This is augmenting the demand for new peptide therapeutics. To address these demands, the industry players are investing in the research and development activities to develop and introduce new peptide therapeutics thereby boosting the global peptide therapeutics market.
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Technological Advancements Propel Global Peptide Therapeutics Market Growth
Technological advancements have helped to bring down the total costs involved in production of therapeutic peptides which has encouraged suppliers and manufacturers to seek newer avenues of therapeutics peptide manufacturing and also to deal with longer and complex chains of peptides
Rise in adoption of hybrid technologies to achieve their economies of scale is likely boost the growth of global peptide therapeutics market
Moreover, peptide therapeutics offer better efficacy and treatment outcomes with least adverse effects in comparison with conventional pharmaceutics, which is augmenting their adoption among patients and prescribers.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods, and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports thrive to provide clients to serve their overall research requirements.
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