Global Peptide Therapeutics Market to Grow at a CAGR of 7.6% During 2024-2032, Aided by the Thriving Pharmaceutical and Healthcare Sectors

The market for peptide therapeutics is driven by the thriving pharmaceutical and healthcare sectors, especially in emerging economies. In addition to this, the greater access to medical facilities and the increased availability of biosimilars are anticipated to be the major drivers for the market. Moreover, the growing awareness about different oral peptide therapeutic treatments with fewer side-effects is anticipated to fuel the market growth in the forecast period.

The market players are increasingly investing in research and development activities to develop novel solutions, which, in turn, is leading to increased collaborations. For instance, in December 2020, Takeda Pharmaceutical Co Ltd. announced a collaborative research and exclusive license agreement with Peptidream Inc. This collaborative agreement was aimed towards creating peptide drug conjugates (PDCs) for neuromuscular diseases. Some of the leading players in the market include Pfizer Inc. (NYSE: PFE) and AstraZeneca plc (NASDAQ: AZN).

In terms of region, North America is likely to account for a significant share of the market and is anticipated to witness a considerable growth in the forecast period. The United States of America significantly spends on its healthcare services and infrastructure. The superior medical facilities, along with the rising public expenditure on health, is anticipated to favour the market growth in the region.

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Market Breakup by Marketing Type, Application, Route of Administration, and Region:

• The market is bifurcated based on marketing type into generic and branded.

• Based on application, the market is divided into gastrointestinal disorders, neurological disorders, metabolic disorders, cancer, and cardiovascular, among others.

• On the basis of route of administration, the market is divided into parenteral, and oral, among others.

• Region-wise, the global market for peptide therapeutics can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for peptide therapeutics is being driven by the growing cases of chronic diseases and increasing cases of cancer.

• The increasing investments towards the development of biosimilars are anticipated to boost the market growth.

• In addition to this, the expansion of the healthcare sector, especially in emerging economies, is likely to provide impetus to the market.

• The market is further expected to be aided by the rapid advancements in the biotechnology and biopharmaceutical sectors.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for peptide therapeutics for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the marketing types, applications, routes of administration, and regions of peptide therapeutics.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global peptide therapeutics market are Pfizer Inc., AstraZeneca PLC, GlaxoSmithKline PLC, Novartis AG, and Amgen Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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