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Cell Penetrating Peptide Market 2024-2033: Driving Innovations in Drug Delivery
Cell Penetrating Peptide Market
According to The Business Research Company's, The cell penetration peptide market size has grown rapidly in recent years. It will grow from $1.63 billion in 2023 to $1.87 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to increased understanding of cellular uptake mechanisms, growth in demand for targeted drug delivery systems, rising prevalence of chronic diseases, emergence of personalized medicine approaches, and expansion of pharmaceutical research and development.
The cell penetration peptide market size is expected to see rapid growth in the next few years. It will grow to $3.31 billion in 2028 at a compound annual growth rate (CAGR) of 15.3%. The growth in the forecast period can be attributed to development of novel peptide-based therapeutics for rare diseases, growing investment in healthcare infrastructure in emerging markets, rising demand for peptide-based vaccines and immunotherapies, regulatory initiatives to streamline approval processes for peptide drugs, and shift towards sustainable and biodegradable peptide delivery systems. Major trends in the forecast period include customization of cell penetration peptides for specific therapeutic applications, exploration of cell-penetrating peptides as tools for intracellular delivery, integration of artificial intelligence and machine learning in peptide design, integration of cell-penetrating peptides, and adoption of novel delivery routes.
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Market Drivers and Trends:
The increasing investment in health research and development is expected to propel the growth of the cell penetration peptide market going forward. Health research and development (R&D) refers to the systematic investigation and experimentation to advance scientific knowledge and develop innovative solutions to improve healthcare outcomes. Health research and development increase is due to healthcare needs, technological progress, global health priorities, investment incentives, and economic opportunities. Cell penetration peptides offer versatile and efficient strategies for delivering biomolecules and therapeutics into cells by advancing various health research and development aspects, including drug delivery, gene therapy, vaccine development, molecular imaging, and cellular research. For instance, in December 2023, according to the National Center for Science and Engineering Statistics, a US-based federal statistical agency, state government agencies allocated $1.10 billion towards health research and experimental development (R&D) in the fiscal year 2022, marking a 2.2% rise compared to the $1.07 billion spent in fiscal year 2021. Therefore, the surge in research and development is driving the growth of the cell penetration peptide market.
Major companies operating in the cell-penetrating peptide market are focusing on developing innovative platforms, such as peptide drug discovery platforms, to gain a competitive edge in the market. A peptide drug discovery platform is a comprehensive system or toolkit to facilitate the identification, design, optimization, and evaluation of CPP-based therapeutics. For instance, in May 2023, Fujitsu Limited, a Japan-based information and communications technology equipment and services corporation, launched the Biodrug Design Accelerator, a platform to manage research processes for peptide drug discovery. The Biodrug Design Accelerator aids peptide drug discovery scientists in pharmaceutical firms by expediting and enhancing the efficiency of peptide drug development, particularly through the 'design, make, test, analyze' (DMTA) cycles. It also enables streamlined communication among scientists regarding synthesis and testing while remaining compatible with HELM, a method for describing complex biomolecules.
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Major Key Players of the Market:
Thermo Fisher Scientific Inc., Novo Nordisk A/S, Merck KGaA, Corden Pharma GmbH, Sarepta Therapeutics Inc., GenScript Biotech Corporation, Bachem Holding AG, R&D Systems Inc., PolyPeptide Laboratories AB, PeptiDream Inc., Revance Therapeutics Inc., CPC Scientific Inc., Tocris Bioscience, Bio-Synthesis Inc., AnaSpec Inc., Avidity Biosciences Inc., Iris Biotech GmbH, PEPperPRINT GmbH, Chemos GmbH & Co. KG, Creative Peptides GmbH, ProImmune Ltd., Pepscan Inc., The Cupid Peptide Company, AltaBioscience Ltd., Peptomyc
Cell Penetrating Peptide Market 2024 Key Insights:
• The cell penetration peptide market size is expected to see rapid growth in the next few years. It will grow to $3.31 billion in 2028 at a compound annual growth rate (CAGR) of 15.3%.
• Role Of Research And Development In Fueling Cell Penetration Peptide Market Growth
• Innovative Peptide Drug Discovery Platforms Transforming The Cell-Penetrating Peptide Market
• North America was the largest region in the cell penetrating peptide market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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