Biosimilar Therapeutic Peptides Market 2023: Size, Growth Factors, Demand For Material, Future Opportunity Analysis, Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the biosimilar therapeutic peptides market report by The Business Research Company, The increasing ageing population is projected to surge the number of patients with chronic diseases, contributing to the biosimilar therapeutic peptides' market's growth. Elderly people are more prone to various chronic diseases, which are surging the old age population rapidly across the world and is predicted to continue over the forecast period.

The global biosimilar therapeutic peptides market grew from $1.21 billion in 2022 to $1.58 billion in 2023 at a compound annual growth rate (CAGR) of 30.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The biosimilar therapeutic peptides market is expected to grow from $3.9 billion in 2027 at a CAGR of 25.3%.

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Major competitors in the biosimilar therapeutic peptides market include Eli Lilly, Sanofi, Takeda Pharmaceuticals, Teva Pharmaceuticals, Pfizer Inc., Amgen Inc., AstraZeneca PLC., GlaxoSmithKline (GSK), Novartis AG, and Novo Nordisk A/S

The biosimilar therapeutic peptides market is segmented -
By Route Of Administration: Parenteral Route, Transdermal Route, Other Route Of Administrations

By Application: Cancer, Cardiovascular, Central Nervous Systems, Metabolic Disorders, Infection, Hematological Disorders, Gastrointestinal Disorders, Dermatology, Respiratory Disorders

By Type: Innovative, Generic

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the biosimilar therapeutic peptides market.

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Biosimilar therapeutic peptides refer to a peptide drug that is used in place of or in addition to peptide hormones when endogenous levels tend to decline. Therapeutic peptides that are biosimilar have applications in the treatment of cancer, metabolic, pulmonary, cardiovascular, and other illnesses.

The two main types of biosimilar therapeutic peptides are innovative and generic. Biosimilar medications are frequently mistaken for generic drugs. Both are marketed as low-cost knockoffs of high-priced name-brand medications. The main distinction is that generics are duplicates of synthetic pharmaceuticals, whereas biosimilars are based on drugs that contain biological organisms as active components. The different routes of administration include the parenteral route, the transdermal route, and others and are used in cancer, cardiovascular disorders, central nervous system, metabolic disorders, infections, haematological disorders, gastrointestinal disorders, dermatology, and respiratory disorders.

The Table Of Content For The Biosimilar therapeutic peptides market Include:
1. Executive Summary
2. Biosimilar Therapeutic Peptides Market Characteristics
3. Biosimilar Therapeutic Peptides Market Trends And Strategies
4. Biosimilar Therapeutic Peptides Market - Macro Economic Scenario
5. Biosimilar Therapeutic Peptides Market Size And Growth
.......
27. Biosimilar Therapeutic Peptides Market Competitive Landscape And Company Profiles
28. Biosimilar Therapeutic Peptides Pipeline Analysis
29. Key Mergers And Acquisitions In The Biosimilar Therapeutic Peptides Market
30. Biosimilar Therapeutic Peptides Market Future Outlook and Potential Analysis
31. Appendix

The "Global Biosimilar therapeutic peptides market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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