Global Peptide Synthesis Market Size to Reach $6.2 Billion by

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New York, U.S., Oct. 02, 2022 (GLOBE NEWSWIRE) — The Global Peptide Synthesis Market The size was $4.3 billion in 2020 and is expected to reach $6.2 billion by 2030, at a cgr of 7.7%. according to the latest research report from Spherical Insights & Consulting.

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Chemical synthesis is a common and frequently used method to produce peptides, but its growth is expected to be hampered by a lack of specificity and the possibility of increased environmental loading. This has accelerated the adoption of enzymatic peptide synthesis technology. Lower productivity, expensive biocatalysts and a lack of validation methodologies are all drawbacks of this technology, which have made it difficult to produce peptides using enzymatic methods. Extensive research and development aimed at producing a suitable peptide synthesis method has resulted in a combinatorial strategy that integrates both enzymatic and chemical synthesis, allowing the advantages of both technologies to be combined.

Some of the major players in the global peptide synthesis market including GenScript Biotech Corporation, Merck KGaA, ThermoFisher Scientific Inc., Syngene, Lonza, Novo Nordisk A/S, Bachem Holding AG, Gyros Protein Technologies, Creative Diagnostics, CEM Corporation, among others.

Major companies are now focusing on inorganic tactics such as collaborations to grow their business, which is expected to enhance the market growth over the forecast period. For example, in January 2018, Imcyse SA, a clinical-stage biotechnology company based in Belgium, announced a partnership with Pfizer, Inc., a leading multinational pharmaceutical company. The goal of the partnership was to create Imotope, a modified peptide. This peptide is made to treat rheumatoid arthritis and other chronic conditions.

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The reagents segment is expected to dominate the market share in 2020 of the global peptide synthesis market due to the increasing use of peptides in therapeutics, drug design and gene synthesis, as well as the frequent purchase of reagents versus equipment, the growing number of research projects involving peptide synthesis. The liquid-phase peptide synthesis segment is expected to dominate the market share in 2020 of the global peptide synthesis market as peptide synthesis costs have been significantly reduced due to advancements in technology and integration of automation in liquid phase peptide synthesis. Therapeutic segment is expected to dominate the market share in 2020 of the global peptide synthesis market due to rise in metabolic diseases including infectious diseases, pain, dermatology, CNS, kidney and others.

North America is expected to dominate the market share in 2020 of the global peptide synthesis market. The regional market has benefited from increased investments in the development of structure-based drug designs, significant research in the areas of genome and proteomics, and an increasing focus on producing individualized treatments.

Key companies and recent developments

Partnerships, strategic mergers and acquisitions are expected to be the most effective strategies for industry players to gain rapid access to growing markets while improving technological capabilities. Market players are engaged in launching innovative products that are expected to drive the growth of the global peptide synthesis market. Companies covered: Genscript Biotech, Bachem Holding AG, Merck KGaA, Kaneka Corporation, Bachem Holdings, Biotage, CEM Corporation, Thermo Fisher, ProteoGenix, Creative Diagnostics, Polypeptide Group, Syngene International Ltd, PuroSynth, Lonza, MP Biomedicals, Novo Nordisk A/ S and others.

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Browse key industry information spread over 210 pages with 118 market data tables, plus figures and charts from the report “Global Peptide Synthesis Market Size, Share and Global Trend by Product (Reagents, Equipment and Services), by Technology (Solid Phase Peptide Synthesis (SPPS), Liquid Phase Peptide Synthesis (LPPS) and Hybrid Technology), by application (therapeutic, diagnostic and research), by end user (pharmaceutical and biotechnology companies, contract development and manufacturing organization/contract research organization and academic and research institutes); By region (United States, Canada, Mexico, Rest of North America, United Kingdom, France, Germany, Italy, Spain, Nordic countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, Netherlands, Luxembourg), Rest of Europe, China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of South Asia -East), Saudi Arabia, United Arab Emirates, Egypt, Kuwait, South Africa, Rest of Central East Africa and Africa, Brazil, Argentina, Rest of Latin America) – Global Outlook, Growth, Size, Analysis comparative, trends and forecasts, 2021-2030 » in detail with the table of contents.

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