Global Peptide Therapeutics Market to be Worth US$25.4 Billion by 2018: Transparency Market Research
Albany,NY (PRWEB) September 29, 2014 -- Transparency Market Research, in its report titled ‘Peptide Therapeutics Market (by Synthesis - SPPS, LPPS, HPPS, by Application - Cancer, Metabolic, CVS, CNS & others, by Types - Innovative & Generic and by Delivery) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018’, states that the global peptide therapeutics market was worth US$14.1 billion in 2011 and is expected to reach US$25.4 billion by 2018 at an 8.7% CAGR.
The two main types of peptide therapeutics are innovative and generic. Peptide therapeutics finds applications in disciplines such as cardiovascular, dermatology, metabolic, cancer, neurology, gastro intestinal, pain, renal, anti-infection, and respiratory. On the basis of route of administration, peptide therapeutics can be segmented into oral, parenteral, mucosal, and pulmonary. On the basis of technology, peptide therapeutics is divided into solid phase peptide synthesis, liquid phase peptide synthesis, and hybrid. On the basis of API peptide, the market for peptide therapeutics is categorized into in-house and contract manufacturing organization.
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Among the major applications, cancer peptide was the largest segment, accounting for 21% of the peptide therapeutics market. With rising incidences of Parkinson’s and Alzheimer’s disease, the neuropeptides segment will grow at 9.4% CAGR in the forecast period. Among the main routes of peptide therapeutics administration, the parenteral segment accounted for 86% of the market share in 2011. Combing the best of both solid and liquid phase peptide synthesis, the hybrid technology segment of the peptide therapeutics market is expected to register the highest CAGR of 12.1% during the forecast period. North America dominated the global peptide therapeutics market, accounting for 40% of the overall industry.
Some of the major factors that fuel the peptide therapeutics market are increasing number of cancer patients, rising cases of metabolic disorders, technological advancement, and mounting R&D activities as well as pipeline drugs in the field of peptide therapeutics. With the possibility of patent cliff in the near future, the generic peptide segment is expected to grow significantly, thereby leading to the overall propulsion of the peptide therapeutics market. In addition, industry analysts foresee great potential in the collaboration of small peptide therapeutics firms with major pharmaceutical companies. Rising cancer vaccines are also expected to stimulate the peptide therapeutics market.
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However, absence of effective regularity standards for peptide therapeutics, attempting to match customer requirements with the equipment, and rising complexities of peptides are expected to inhibit the global peptide therapeutics market.
As the global peptide therapeutics market gains significance, there has been a surge of new entrants in the industry. Some of the major peptide therapeutics companies include Roche, Ipsen, Novo-Nordisk, Eli LillyAmylin. The CMOs in the peptide therapeutics market include Peptisyntha, Bachem, Lonza, and Polypeptide Group.
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Sheela AK, Transparency Market Research, http://www.transparencymarketresearch.com, +1 518-618-1030, [email protected]
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