Market Definition
Peptides are made up of two or more amino acid monomers connected by amide bonds. Peptides may be recognized from proteins based on their size, according to research. Peptides are defined as compounds with less than 50 amino acids. In addition to the present definition of peptide, the FDA revised its definition of biologic to include chemically manufactured polypeptides with more than 40 amino acids but less than 100 amino acids in size (synthetic proteins) and synthetic peptides with 40 amino acids or fewer (synthetic peptides). Peptides bind to certain cell surface receptors and receptor ligands, and by acting on the cell membrane, they aid in disease therapy.
Market Outlook
The global Peptide Therapeutics Market was valued at US$ 42.8 billion in 2022 and it is anticipated to grow up to US$ 74.0 billion by 2032, at a CAGR of 5.6% during the forecast period.
Peptides were initially employed only for diagnostics and hormone therapy; nevertheless, technical advances have led to their widespread usage in the treatment of cancer and chronic metabolic disorders. Chemotherapy, the most prevalent type of cancer treatment, is plagued with issues due to its incapacity to deliver the correct amount of medicine to the correct location at the correct time. It also has an impact on the body’s natural cells. The use of peptide-based therapies in cancer therapy has set up an intriguing new channel for the future growth of the peptide therapeutics market. These drivers are likely to propel market expansion.
Furthermore, peptides are also used in cosmeceutical procedures to reduce the aging process of the skin. This, together with people’s increasing awareness of their physical appearance and desire to maintain their skin appearing youthful and healthy, is boosting global adoption of cosmetic procedures and peptide-based treatments.
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Research Objectives
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
By type, the market is classified into generic, and innovative. The innovative segment dominated the market in 2022 in terms of revenue and is expected to dominate the market during the forecast period. Because of increased R&D spending by huge pharmaceutical corporations in the research and development of new treatments, as well as high prescription rates. Based on kind, the market is segmented into generic and inventive categories.
During the projected period, the generic segment is predicted to increase rapidly. Rising healthcare costs and greater federal government spending on healthcare are likely to encourage generic medicine adoption. The loss of patents on many branded pharmaceuticals is also seen to be a driving force in the generic category. The expiration of a patent represents a big opportunity for generic companies to join the market with low-cost alternatives to blockbuster pharmaceuticals. However, brand loyalty may have an influence on segment growth in the case of some novel medications.
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Major Players
The key players studied in the global Peptide Therapeutics Market are Eli Lilly and Company, Pfizer Inc., Amgen Inc. , Takeda Pharmaceutical Company Limited , AstraZeneca , Teva Pharmaceutical Industries Ltd., Sanofi, F. Hoffmann-La Roche Ltd, Novartis AG , and Novo Nordisk A/S among others.
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Research Scope
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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