The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Biosimilar Therapeutic Peptides Global Market Report 2024, the biosimilar therapeutic peptides market is expected to show significant growth in the forecast period.

The biosimilar therapeutic peptides market has witnessed remarkable growth in recent years, driven by factors such as the increasing aging population and advancements in biotechnology. Let’s delve into the market dynamics, future projections, notable innovations, and key industry players shaping this burgeoning sector.

Market Overview

• Current Market Size:
  • Surged from $2.06 billion in 2023 to $2.68 billion in 2024.
  • Compound annual growth rate (CAGR) of 30.3%, reflecting exponential expansion.
  • Fueled by demand for cost-effective therapeutics and regulatory support.

Future Projections

• Expected Growth:
  • Projected to reach $4.87 billion by 2028.
  • Forecasted CAGR of 16.1%, driven by expanding therapeutic applications and strategic collaborations.

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Aging Population Driving Demand

• Chronic Disease Management:
  • Increasing aging population leading to a surge in chronic diseases.
  • Elderly individuals more susceptible to chronic conditions, bolstering demand for therapeutic peptides.
  • World Health Organization predicts a significant rise in the elderly population by 2050.

Notable Companies

• Key Players:
  • Pfizer Inc., F. Hoffmann-La Roche Ltd., Merck & Co. Inc., Novartis AG, and others.
  • Spearheading innovation and market expansion through strategic partnerships.

Innovations in Drug Discovery

• Biodrug Design Accelerator Platform:
  • Fujitsu’s platform streamlining peptide drug discovery research.
  • Enhancing production efficiency and ensuring consistent quality.

Strategic Acquisitions

• Expansion of Neurological Drug Portfolio:
  • Pfizer’s acquisition of Biohaven Pharmaceutical Holding Company Ltd.
  • Strengthening Pfizer’s portfolio with promising calcitonin gene-related peptide (CGRP) receptor antagonists.

Market Segmentation

• Types:
  • Innovative and Generic.
• Routes of Administration:
  • Parenteral Route, Transdermal Route, Other Routes of Administration.
• Applications:
  • Cancer, Cardiovascular, Central Nervous Systems, Metabolic Disorders, and more.

Regional Insights

• North America:
  • Dominated the biosimilar therapeutic peptides market in 2023.
  • Strong healthcare infrastructure driving market growth.

Emerging Trends

• Technological Advancements:
  • Advancements in biotechnology fueling innovation in peptide drug discovery.
  • Focus on improving manufacturing processes and cost-efficiency.
• Strategic Collaborations:
  • Industry players forming partnerships to expand market presence and accelerate drug development.
• Patient Preference for Non-invasive Therapies:
  • Increasing demand for non-invasive treatment options driving market growth.
  • Peptide-based therapies gaining popularity due to their efficacy and minimal side effects.

As the biosimilar therapeutic peptides market continues to evolve, driven by demographic shifts and technological advancements, stakeholders must adapt to emerging trends and foster collaborations to capitalize on growth opportunities within this dynamic sector.

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