PEPTIDE SYNTHESIS MARKET ANALYSIS

Peptide Synthesis MarketSize and Trends

The Global Peptide Synthesis Market size is expected to reach US$ 702.1 Mn by 2030, from US$ 425.3 Mn in 2023, exhibiting a CAGR of 7.4% during the forecast period.

Global Peptide Synthesis Market - Drivers

• Growing Demand from Pharmaceutical Industry: The global peptide synthesis market is expected to witness significant growth over the coming years owing to the rising demand from the pharmaceutical industry worldwide. Peptides have emerged as an important class of therapeutic molecules that offer several advantages over conventional small molecule drugs, such as high selectivity and potency...
• Rising Research in Proteomics and Genomics: Another key driver propelling the peptide synthesis market is the rising academic and industrial research in the areas of proteomics and genomics. Proteomics deals with the large-scale study of proteins, particularly their structures, functions, and interactions. It helps in a comprehensive understanding of physiological and pathological processes in living systems...
• Growing focus on customized peptides: The global peptide synthesis market is indeed witnessing a growing focus on customized peptides, which cater to specific research, therapeutic, and commercial needs. Custom peptides are tailor-made to specific sequences and modifications required by researchers and pharmaceutical companies...

Figure 1. Global Peptide Synthesis Market Share (%), By Region, 2023

Global Peptide Synthesis Market- Trends

• Increased outsourcing of peptide synthesis: The trend of increased outsourcing in the global peptide synthesis market is evident as pharmaceutical and biotech companies are often seeking to expedite drug development processes and reduce costs...
• Growing preference for automated peptide synthesis: The global peptide synthesis market is indeed witnessing a growing preference for automated peptide synthesis, which presents several advantages over manual synthesis methods...

Figure 2. Global Peptide Synthesis Market Share (%), By Product, 2023