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Revolutionizing the Peptide Therapeutics Market: The Power of Technological Advancements in Streamlining Drug Development || Amgen, Inc., Pfizer, Inc., Bristol-Myers Squibb Company
Peptide Therapeutics Market
The Business Research Company's Peptide Therapeutics Global Market Report 2023 the increase in the prevalence of chronic diseases is the major driver for the peptide therapeutics market's growth in the forecast period. Chronic diseases are long-lasting sickness that often cannot be healed, however, they are occasionally curable and controllable. Chronic diseases are increasing due to increased use of tobacco products, poor nutrition, physical inactivity, excessive alcohol use, and others. The use of peptide therapeutics aids in the prevention and treatment of certain chronic diseases. For instance, in 2020, according to the American Hospital Association (AHA), the national organization that represents and serves all types of hospitals and health care networks and their patients and communities, 157 million Americans were affected by chronic diseases in 2020, and it is estimated to reach 171 million by 2030.
The global peptide therapeutics market size grew from $37.26 billion in 2022 to $40.7 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. 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 peptide therapeutics market size is expected to grow to $58.75 billion in 2027 at a CAGR of 9.6%.
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Major competitors in the peptide therapeutics market are Amgen, Inc., Pfizer, Inc., Bristol-Myers Squibb Company, Sanofi, AstraZeneca plc, Novartis AG, Teva Pharmaceutical Industries Ltd.
A key trend in the peptide therapeutics market includes technological advancement. The companies operating in peptide therapeutics are utilizing advanced technologies such as artificial intelligence is to attain higher efficiency in drug development. For instance, in April 2020, Nuratis, an Ireland-based biotech company is utilizing artificial intelligence (AI) technologies to discover therapeutic peptides, extended its research into possible remedies for COVID-19 symptoms. Nuritas employed its AI platform to find peptides that are effective against COVID-19 targets.
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The Peptide Therapeutics market is segmented -
• By Type: Generic, Branded
• By Route of Administration: Parenteral, Mucosal, Oral, Transdermal
• By Application: Cancer, Cardiovascular Diseases, Central Nervous Systems, Metabolic Disorders, Infections, Hematological Disorders, Gastrointestinal Disorders, Dermatology, Respiratory Disorders, Acromegaly, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the peptide therapeutics market
The Business Research Company's "Global Peptide Therapeutics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Peptide Therapeutics Market Include:
1. Executive Summary
2. Peptide Therapeutics Market Characteristics
3. Peptide Therapeutics Market Trends And Strategies
4. Peptide Therapeutics Market - Macro Economic Scenario
5. Peptide Therapeutics Market Size And Growth
……………
27. Peptide Therapeutics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Peptide Therapeutics Market
29. Peptide Therapeutics Market Future Outlook And Potential Analysis
30. Appendix
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