Key Trends And Drivers In The Peptide Therapeutics Market 2023
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The global peptide therapeutics market size is expected to grow from $37.26 billion in 2022 to $40.7 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The peptide therapeutics market size is expected to grow to $58.75 billion in 2027 at a CAGR of 9.6%.
Peptide therapy is a treatment method that employs peptides as drugs. Peptides are a unique class of pharmacological compounds that exist molecularly between proteins and small molecules. Nature’s peptides serve a variety of functions, including hormones, growth factors, neurotransmitters, ion channel ligands, and anti-infectives. As a result, employing peptides as medicines allows you to target and regulate a wide range of cells.
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Peptide Therapeutics Market Driver
The prevalence of chronic diseases is projected to drive growth in the peptide therapies industry. Chronic diseases are long-term illnesses that are frequently incurable; nevertheless, they are occasionally treatable and controlled. Chronic diseases are on the rise as a result of increased tobacco use, poor diet, physical inactivity, excessive alcohol consumption, and other factors. Peptide therapies are used to aid in the prevention and treatment of certain chronic disorders.
Peptide Therapeutics Market Trends
In the peptide therapies market, technological advancement is a significant trend. Peptide therapeutics businesses are utilising new technology such as artificial intelligence to improve drug development efficiency.
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Major Players And Regions Of The Peptide Therapeutics Market
Major players in the peptide therapeutics market are Amgen, Inc., Pfizer, Inc., Bristol-Myers Squibb Company, Sanofi, AstraZeneca plc, Novartis AG, Teva Pharmaceutical Industries Ltd., Bachem Holding AG, Takeda Pharmaceutical Company Limited, Galena Biopharmaceuticals, Arch Biopartners, Arch Biopartners Inc., Novo Nordisk A/S, Circle Pharma Inc., and Corden Pharma GmbH.
North America was the largest region in the peptide therapeutics market in 2022.
Peptide Therapeutics Market Segmentation By The Business Research Company
The global peptide therapeutics market is segmented –
1) By Type: Generic, Branded
2) By Route of Administration: Parenteral, Mucosal, Oral, Transdermal
3) By Application: Cancer, Cardiovascular Diseases, Central Nervous Systems, Metabolic Disorders, Infections, Hematological Disorders, Gastrointestinal Disorders, Dermatology, Respiratory Disorders, Acromegaly, Other Applications
The Table Of Content For The Peptide Therapeutics Market Include:
1. Peptide Therapeutics Market Executive Summary
2. Peptide Therapeutics Market Segments
3. Peptide Therapeutics Market Size And Peptide Therapeutics Market Growth Rate
4. Key Peptide Therapeutics Market Trends
5. Major Peptide Therapeutics Market Drivers
25. Key Mergers And Acquisitions In The Peptide Therapeutics Market
26. Top Peptide Therapeutics Companies
27. Peptide Therapeutics Market Opportunities And Strategies
28. Peptide Therapeutics Market, Conclusions And Recommendations
The Peptide Therapeutics Market Global Market Report 2023 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the peptide therapeutics market.
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