Peptide Therapeutics Market By Application (Metabolic, Oncology, Gastrointestinal, Neurological, Cardiovascular, Others), By Route of administration (Oral, Parenteral), By Distribution Channel (Hospital pharmacies, Drug store and retail pharmacies, Online pharmacies): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global peptide therapeutics market was valued at $33,257.72 million in 2021, and is estimated to reach $64,336.12 million by 2031, growing at a CAGR of 6.8% from 2022 to 2031. A peptide is a small, chemically bound chain of amino acids, usually between two and fifty amino acids (called peptide bonds). Peptides are smaller than proteins, consisting of about 2 to 50 amino acids. Peptides employed in the therapy of diseases are known as peptide therapies. Peptide treatments replicate such roles that naturally occurring peptides can perform as hormones, growth factors, ion channel ligands, and anti-effectiveness. Given that peptides can be metabolized by the body, peptide therapeutics are thought to be generally safe and well-tolerated.The major factors that drive the growth of the peptide therapeutics market are rise in incidence of chronic diseases such as diabetes, cancer, significant development of peptide therapeutics and growth in R & D for peptide therapeutics, are the factors attributed to the growth of the peptide therapeutics market. In addition, surge in the R & D by the key players is a key trend of the market, which is expected to fuel the growth in the forecast period.
Rise in prevalence of the chronic diseases drives peptide therapeutics market. For an instance, according to the NCBI, National Center for Biotechnology Information, gastrointestinal diseases affect an estimated 60 to 70 million people annually in America and having colorectal cancer as the 2nd leading cancer diagnosed among American men and women. Thus, globally, there has been an increase in prevalence of chronic diseases. which further highlights the need for the peptide therapeutics causing the market growth.
However, poor bioavailability of peptides and high cost associated with drug development are expected to hinder the growth of the market. Conversely, growth opportunities in emerging market to suffice the consumer demands is expected to provide a great opportunity for the investors to invest in the market.
The global peptide therapeutics market is segmented on the basis of application, route of administration, distribution channel, and region. On the basis of application, the market is categorized into metabolic, oncology, gastrointestinal, neurological, cardiovascular and others. By route of administration, it is divided into oral and parenteral. By distribution channel, it is segmented into hospital pharmacies, drug store & retail pharmacies and online pharmacies. Hospital pharmacies segment is further bifurcated as private and public. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and Latin America, the Middle East, and Africa (LAMEA).
The major players profiled in the report are AbbVie Inc, Amgen Inc., Bausch Health Companies Inc, Eli Lilly and company, Ever Neuro Pharma GmbH, GalaxoSmithKline plc, Novo Nordisk, Pfizer Inc, Sanofi-GSK and Takeda Pharmaceutical Company Limited.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the peptide therapeutics market analysis from 2021 to 2031 to identify the prevailing peptide therapeutics market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the peptide therapeutics market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global peptide therapeutics market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
Metabolic
Oncology
Gastrointestinal
Neurological
Cardiovascular
Others
By Route of administration
Oral
Parenteral
By Distribution Channel
Hospital pharmacies
Hospital type
Private
Public
Drug store and retail pharmacies
Online pharmacies
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest Of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest Of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest Of LAMEA
Key Market Players
Eli Lilly and Company
Amgen Inc.
Pfizer Inc.
Takeda Pharmaceutical Company Limited
Novo Nordisk A/S
Sanofi SA
Ever Neuro Pharma GmbH
Baush Health
GlaxoSmithKline plc
Abbvie ( Allergan)
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