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Peptide Synthesis Market Trends, Key Drivers, Opportunities, Leading Players And Forecast To 2033
Peptide Synthesis Market Trends
According to The Business Research Company's, The peptide synthesis market size has grown strongly in recent years. It will grow from $5.22 billion in 2023 to $5.69 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to rise in peptide-based vaccines, growth in biotechnology and biopharmaceuticals, demand for high-purity peptides, regulatory approvals and standardization..
The peptide synthesis market size is expected to see strong growth in the next few years. It will grow to $8.05 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to rapid growth in therapeutic peptides, increasing demand for customized peptides, growing role in drug discovery and development, focus on peptide libraries for screening.. Major trends in the forecast period include development of peptide mimetics, adoption of novel amino acid derivatives, peptide cyclization techniques, innovations in solid-phase peptide synthesis (spps), utilization of click chemistry..
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Market Drivers and Trends:
Growing chronic diseases are expected to propel the growth of the peptide synthesis market going forward. Chronic diseases refer to illnesses or non-communicable diseases (NCDs) that are long-term health conditions that persist over an extended period and often progress gradually. Peptide synthesis can be used for chronic diseases as some peptides exert anti-inflammatory and antioxidant activity, which could aid in the prevention of chronic diseases, including cardiovascular diseases. Peptides can address the fundamental causes of chronic disease by targeting particular cellular processes and signaling pathways, opening up novel therapeutic and management options. For instance, in August 2023, according to the data published by the British Heart Foundation, a UK-based non-profit organization, the number of deaths caused by coronary heart disease in the UK increased to 65,579 in 2021, compared with 64,170 in 2020. Therefore, the growing number of chronic diseases is driving the growth of the peptide synthesis market.
Major companies operating in the peptide synthesis market are focusing on introducing next-generation peptide synthesizers such as PurePep Sonata+ to gain a competitive edge in the market. PurePep Sonata+ is an advanced peptide synthesizer that offers improved efficiency, speed, and accuracy compared to traditional peptide synthesizers. For instance, in March 2022, Gyros Protein Technologies, a US-based peptide synthesis and bioanalytical technology services company, introduced the PurePep Sonata+ peptide synthesizer. PurePep Sonata+ extends the capabilities of Sonata XT by incorporating real-time flow technology. This innovative approach enables continuous monitoring of fluid flow rates within the system, providing a non-invasive means to ensure precise and accurate fluid transfers for a diverse range of viscosities.
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Major Key Players of the Market:
Thermo Fisher Scientific, Novo Nordisk A/S, Merck KGaA, Lonza Group, Kaneka Corporation, Uno Minda, Guizhou Xinbang Pharmaceutical Co. Ltd., Hybio Pharmaceutical Co. Ltd., GenScript Biotech, Bachem Holding AG, Syngene International, PolyPeptide Group AG, Mesa Labs Inc., CPC Scientific Inc., New England Peptide Inc., Biotage, ScinoPharm Taiwan Ltd, MP Biomedicals, USV Private Limited, CEM Corporation, Enamine Ltd., Creative Diagnostics, AnaSpec Inc., CSBio Company Inc., Alfa Chemistry, Advanced ChemTech, Gyros Protein Technologies AB, AAPPTec LLC, Biosynth International Inc., ProteoGenix
Peptide Synthesis Market 2024 Key Insights:
• The Peptide Synthesis is expected to grow to $8.05 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%.
• Rising Incidence Of Chronic Diseases Boosts Growth In The Peptide Synthesis Market
• Advancing Next-Generation Peptide Synthesizers To Gain A Competitive Edge
• North America was the largest region in the peptide synthesis market in 2023
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