Peptide Synthesis Market Demand, Opportunities And Forecasts To 2027

Peptide synthesis is characterized as the formation of a peptide bond between two amino acids. Peptide synthesis most often occurs by coupling the carboxyl group of the incoming amino acid to the N-terminus of the growing peptide chain. Peptide synthesis is a common approach in even high-throughput biological research and product and drug development.

Major players operating in the global peptide synthesis market include GenScript Biotech Corporation, Merck KGaA, ThermoFisher Scientific Inc., Syngene, Lonza, Novo Nordisk A/S, Bachem Holding AG, Gyros Protein Technologies, Creative Diagnostics, CEM Corporation, PuroSynth, AAPPTec, and Biotage AB among others.

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Market Dynamics

Rising incidence of metabolic disorders such as diabetes is expected to drive the peptide synthesis market growth. For instance, according to an article published by the journal Diabetes Research and Clinical Practice - 'Global and regional diabetes prevalence estimates for 2019 and projections for 2030 and 2045: Results from the International Diabetes Federation Diabetes Atlas, 9th edition in September 2019, 463 million people were estimated to suffer from diabetes in 2019 worldwide and the number is expected to reach 578 million by 2030 and 700 million by 2045.

However, sustainability in synthetic peptide production is expected to hinder the market growth. For instance, according to an article published by the ProteoGenix in November 2019, reports that development of sustainable and efficient catalytic methods is the major challenge in peptide synthesis.

Inorganic strategies such as collaborations by market players for peptide synthesis is expected to propel growth of the global peptide synthesis market

Major players are focusing on expanding their business with inorganic strategies such as collaborations and this is expected to boost the market growth over the forecast period. For instance, in January 2018, Imcyse SA, a clinical-stage biotech company based in Belgium entered into a collaboration with leading multinational pharmaceutical corporation, Pfizer, Inc. The collaboration aimed at development of a certain modified peptide called Imotope. This particular peptide is synthesized for treating rheumatoid arthritis and other chronic diseases.

Moreover, increasing incidence of cancer cases is expected to boost the market growth. For instance, according to an article published by the World Health Organization in 2018, 18.1 million new cancer cases are reported every year across the globe. Among these, 300,000 cases are diagnosed among children aged 0 to 19 years.

Increasing cancer cases in North America is expected to boost the market growth

North America is expected to hold dominant position in the global peptide synthesis market, owing to increasing new cases of cancer in the region. For instance, according to an article published by the American Cancer Association in 2018, reports that around 1,735,350 new cancer cases were diagnosed and 609,640 cancer deaths occurred in the U.S.

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Global Peptide Synthesis Market – Impact of Coronavirus (COVID-19) Pandemic

The coronavirus (COVID-19) pandemic and lockdowns in various countries across the globe have impacted the financial status of businesses in all sectors. The private healthcare is one such sector, which has been impacted significantly by the COVID-19 pandemic.

The lockdown in various countries due to the pandemic has placed an economic burden on the healthcare sector. Moreover, the coronavirus pandemic has hampered the development, production, and supply of drugs and other healthcare products and affected growth of healthcare businesses of various companies across the globe.

As a result, the impact of the COVID-19 pandemic is also expected to limit growth of the global peptide synthesis market during the forecast period.

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