Huge Growth Expected In Customized Peptide Synthesis Market In Future

By Author: Pramod Kumar
Total Articles: 97
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Furthermore, the market is expected to demonstrate a CAGR of 6.4% between 2019 and 2024, as per the forecast of the market research company, P&S Intelligence. The key market drivers are soaring research and development (R&D) activities in synthetic biology niche, rising prevalence of infectious diseases and cancer, surging investments being made in protein-based research projects, and rapid technological advancements.

The swift technological innovations in peptide synthesis is one of the biggest factors fuelling the market growth across the world. There has been a drastic change in the usage of peptide in the pharmaceuticals companies over the last few years. Traditionally, natural sources such as ACTH (adrenocorticotropic hormone) from porcine and bovine pituitary and insulin from bovine and canine pancreas were used in the production of peptide. However, this production method produced lesser quantities of peptides and was time consuming and was thus, replaced by other innovative production methods.

One such technologically advanced production method was the synthesis of synthetic peptides such as vasopressin, ...
... leuprorelin, and octreotide with SPS (solution-phase synthesis), SPPS (solid-phase synthesis of peptides), hybrid, and recombinant technologies. The other major factor propelling the advancement of the market across the globe is the rising participation of various private and public research organizations in the field of synthetic biology research. Additionally, the increasing R&D activities in this domain has led to huge investments being made for developing advanced and innovative bio-based products.

Across the globe, the Asia-Pacific (APAC) customized peptide synthesis market is predicted to exhibit the fastest growth in the future years, with a CAGR of over 7.0% during the study period (2019—2024). This is attributed to the soaring usage of peptides in various drug discovery processes, rapid technological innovations and advancements, lower costs of the raw materials used in peptide synthesis, huge investments being made for R&D in this domain, and surging research projects in the life sciences sector in the region.

Therefore, the market will exhibit rapid progress all over the world in the years to come, primarily because of the increasing R&D activities in peptide synthesis processes and synthetic biology, increasing incidence of infectious diseases, and ballooning investments being made in protein-based research across the world.

Report Description:https://www.psmarketresearch.com/market-analysis/customized-peptide-synthesis-market

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.