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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Peptide Therapeutics Market Growth
The rising cases of chronic diseases and the increasing prevalence of cancer are driving the global peptide therapeutics industry. Additionally, there has been a significant surge in the incidences of metabolic diseases such as diabetes among the geriatric population. Unhealthy and poor lifestyles led by people with hectic and busy schedules are likely to increase the risk of various kinds of diseases, thereby enhancing the therapeutic use of peptide drugs for different treatments. Hence, these factors are likely to provide impetus to the peptide therapeutics industry. The complexity associated with large peptides is likely to restrain the market growth, however, the growing availability of biosimilars is expected to aid the market in the forecast period.
Peptide Therapeutics Market Report Snapshots
Peptide Therapeutics Market Size
Peptide Therapeutics Market Growth
Peptide Therapeutics Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The peptide therapeutics were valued at USD 36.1 billion in 2023.
The market is expected to grow at a CAGR of 7.6% from 2024 to 2032 to reach a value of USD 69.9 billion by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the industry, such as the rising cases of chronic diseases such as cancer and tuberculosis, advancements in the field of medical science, and the growing healthcare spending, are expected to fuel the market growth.
The key market trends guiding the growth of the industry include the growing investments by the leading life sciences companies in research and development activities.
Generic and branded are the major marketing types considered within the market report.
Gastrointestinal disorders, neurological disorders, metabolic disorders, cancer, and cardiovascular, among others are the different applications of peptide therapeutics.
Parenteral, and oral, among others are the different routes of administration utilised in the industry.
The major players in the industry are Pfizer Inc., AstraZeneca PLC, GlaxoSmithKline PLC, Novartis AG, and Amgen Inc., among others.
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