Peptide Synthesis Market Growth Is Attributed To The Increasing Demand For Solid-Phase Peptide Synthesis

According to Precision Business Insights (PBI), the latest report, the peptide synthesis market is expected to be worth USD 4,709.3 million in 2022, growing at a 7.7% CAGR from 2022 to 2028. Several factors are assisting in the growth of the global cosmetic peptide synthesis market. The key growth driver for the market has been the ease with which cosmetic peptides may be synthesized in larger volumes of mg to kg at lower prices. In the upcoming years of the forecast period, the emergence of highly effective and efficient sophisticated technologies capable of creating a cost-effective bulk synthesis of the cosmetic peptide is expected to aid the worldwide market's overall development. Additionally, manufacturers' ready availability of additional cosmetic peptide modifications is expected to increase revenue generation in the worldwide cosmetic peptide synthesis market.

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Solid-Phase Peptide Synthesis Segment to Dominate the Peptide Synthesis Market:
The solid-phase peptide synthesis segment is expected to account for a larger revenue share in the global peptide synthesis market, with a value share worldwide. It is projected to grow at a 6.9% CAGR between 2022 and 2028. Peptide synthesis costs have been reduced significantly due to technological advancements and the integration of automation in both liquid and solid-phase peptide synthesis. According to legal research, SPPS is a good choice for GMP manufacturing and API process development since it is cost-effective to synthesize lengthy peptide sequences (more than ten amino acids) with smaller volumes. During SPPS, however, the purifying expenses tend to raise the manufacturing costs at any desired production scale.

Asia Pacific Peptide Synthesis Market:
The Asia Pacific market is expected to increase in the global peptide synthesis market over the forecast period. It is projected to grow at a CAGR of 8.7% in the coming years. Growing public knowledge of innovative peptide treatments, increased government and patient healthcare spending, global businesses collaborating with local players for distribution, and rising chronic disease incidence in Asia Pacific nations drive the market.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global peptide synthesis market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In February 2021, Thermo Fisher Scientific (US) introduced novel capillary chromatography columns for proteomics, clinical peptides, and biopharmaceutical research laboratories performing high throughput, high-performance liquid chromatography (HPLC), or liquid chromatography-mass spectrometry (LC-MS) analysis.

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The peptide synthesis market is segmented based on product & services, reagents, equipment, technology, end user, and geography.
Based on the product & services, the market is segmented into the following:
• Reagents
• Equipment
• Services

Based on the reagents, the market is segmented into the following:
• Resins
• Amino acids
• Coupling Reagents
• Dyes and Fluorescent labeling reagents
• Other Reagents

Based on the equipment, the market is segmented into the following:
• Peptide Synthesizers
• Chromatography Equipment
• Lyophiizers

Based on the technology, the market is segmented into the following:
• Solid-Phase Peptide Synthesis
• Solution-Phase Peptide Synthesis
• Hybrid & Recombinant Technology

Based on the end user, the market is segmented into the following:
• Pharmaceutical & Biotechnology companies
• CDMOs & CROs
• Academic & Research Institutes

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the peptide synthesis market report are Genscript Biotech, Merck KGaA, Bachem Holdings, Biotage, CEM Corporation, Thermo Fisher, Creative Diagnostics, Polypeptide Group, Syngene, PuroSynth, Lonza, MP Biomedicals and Novo Nordisk A/S.

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This release was published on openPR.