The global Peptide Synthesis market is estimated to grow at a CAGR of 6.41% during the forecast period 2019–2025. The peptide synthesis market is projected to grow from $308.62 M in 2018 to $474.91 M by 2025. Peptide synthesis is the creation of peptides, a combination where multiple amino acids are linked together with peptide bonds. The creation of certain compounds that has to have an amide bond formation between an amine and carboxylic acid is slow. The creation of such compounds requires the use of peptide coupling reagents or activators. Chemical peptide synthesis usually starts at the carboxyl end of the peptide and proceeds towards the amino terminus. However, protein biosynthesis (formation of long peptides) in living organisms usually occurs in the opposite direction. The report covers Peptide Synthesis Market size by type and applications, Peptide Synthesis Market share by top 5 companies and also the market share by start-ups during the forecast period.
The Peptide Synthesis Market was dominated by North America in 2018. More information on other regions given in the final report.
The increase in the use of peptides in the therapeutic segment is set to drive the market during the forecast period. Detailed information on other market drivers mentioned in full report.
The lack of standard regulations for peptides have made it difficult for the peptides to get therapeutic approval. This is considered as a major constraint for the market. Information on other major constraints mentioned in full report.
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Product – Segment Analysis
In 2018, the reagent segment dominated the product segment in terms of revenue. This is owing to their routine adoption in the peptide synthesis process. However, the equipment for peptide synthesis is estimated to have the fastest growth in the segment during the forecast period with a CAGR of 5.8%.
Technology – Segment Analysis
In 2018, the Solution-Phase Synthesis had accounted for the largest market share of the technology segment. This is the traditional method of peptide preparation. The technology has a greater share owing to its ability to be used in large scale production of peptides for industrial purposes. But in laboratories, this process is slowly being replaced by Solid-Phase Peptide Synthesis. This synthesis method is the fastest growing method during the forecast period.
End User – Segment Analysis
The Pharmaceutical and biotechnology company has been estimated to hold dominance over the end user segment of the market mainly owing to the increasing usage of peptides in the therapeutic industry. However, the contract manufacturing organization/contract research organization had been estimated to be the fastest growing segment of the overall end user segment.
Geography – Segment Analysis
In 2018, North America region occupied 31% of the global Peptide synthesis market share in terms of revenue. This is owing to the presence of major market players and an increased awareness of available peptide synthesis technologies along with its applications. However, the APAC region is estimated to grow the fastest during the forecast period owing to increasing investments by key market players in the region, increased healthcare spending by governments and patients as well as the growing investments for research for new products.
Drivers – Peptide Synthesis Market
Increasing usage of peptides in therapeutic areas
Technological development in recent years have bought about change in the pharmaceutical industry and synthetic peptides have been started to be used in pharmaceutical medicines. Solid Phase Peptide Synthesis is increasingly being used in laboratories to create synthetic peptides and this is used in the creation of several novel medications.
Increasing Research Activities
There is an overall increase in the research activities conducted on peptides. There is an increase in the number public and private entities in synthetic biology research and this can fuel the market growth for peptides in the coming years.
Challenges –Peptide Synthesis Market
Lack of a unified set of regulations for product safety
The major challenge considered for the market is a lack of unified regulations in the case of peptides. This lack of regulations have made it difficult for peptides to get therapeutic approvals. This limits their application areas.
Peptide Synthesis Industry Outlook
Expansion and Acquisition were the key strategies taken by the players in the Peptide Synthesis market. Peptide Synthesis top 10 companies include GenScript Biotech Corporation, AAPPTec, Bachem, AnaSpec, Biotage, CEM Corporation, Gyros Protein Technologies, Advanced ChemTech, Merck KGAA and New England Peptide.
Peptide Synthesis Market Research Scope:
The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. These provide the key market participants with the necessary business intelligence and help them understand the future of the Peptide Synthesis Industry. The assessment includes the forecast, an overview of the competitive structure, the behavioral therapy market size of the competitors, as well as the market trends, market demands, market drivers, market challenges, and service analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include type, applications and geography.
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