MarketsandMarkets Presents
Peptide Synthesis Market worth 426.4 million USD by 2023
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The report "Peptide Synthesis Market by Product (Reagent, Synthesizer, Chromatography), Technology (Solid Phase, Liquid Phase, and Hybrid & Recombinant), End User (Pharmaceuticals & Biotechnology, CRO), and Region - Global Forecast to 2023", The peptide synthesis market is projected to reach USD 426.4 million by 2023 from USD 310.5 million in 2018, at a CAGR of 6.5% during the forecast period. Browse: 92 market data tables 29 figures 135 pages And in-depth TOC on ÍžPeptide Synthesis MarketÍ&#x; Download The PDF Brochure@ https://www.marketsandmarkets.com/pdfdownload.asp?id=158927365
Growth in this market is driven by the increasing use of peptides in pharmaceutical drugs, rise in research activities and availability of funding for R&D, and the development of advanced technological peptide synthesizers. https://www.marketsandmarkets.com/Market-Reports/peptide-synthesis-market158927365.html
Objectives of the Study • To define, describe, and forecast the peptide synthesis market on the basis of product, technology, end user, and region. • To provide detailed information about factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges). • To strategically analyze micromarkets with respect to the individual growth trends, prospects, and contributions to the overall market. • To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players.
• To forecast the size of the market segments in North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. • To profile key players and comprehensively analyze their market shares and core competencies in the global peptide synthesis market. https://www.marketsandmarkets.com/Market-Reports/peptide-synthesis-market158927365.html
Reagents accounted for the largest share of the peptide synthesis market in 2017
By product, the market is segmented into reagents & equipment. In 2017, reagents segment accounted for the largest share of the peptide synthesis market. Talk to Our Research Experts@ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=158927365 The large share of this segment can be attributed to factors such as the growing applications of peptides in therapeutics, drug design, and gene synthesis; rising number of
ongoing research projects involving peptide synthesis; and the availability of various peptide synthesis reagents in the market.
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By technology, solid-phase synthesis is expected to grow at the highest CAGR during 2018-2023
Based on technology, the peptide synthesis market has been segmented into solid-phase synthesis, liquid-phase synthesis and recombinant technology. In 2017, solid-phase synthesis is expected to grow at the highest CAGR during 2018-2023.
Solid-phase synthesis is associated with a number of advantages, such as ease of operation, easy purification, short production cycles, high-level automation, and synthesis
capabilities of long peptides in small quantities of amino acids. Such advantages are driving the growth of the solid-phase synthesis segment.
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Pharmaceutical & biotechnological companies are expected to dominate the peptide synthesis market in 2017
Based on end users, the peptide synthesis market is segmented into pharmaceutical & biotechnological companies, contract development and manufacturing organizations, and academic and research institutes.
In 2017, pharmaceutical & biotechnological companies accounted for the largest market share due to increasing number of research projects in genomics, molecular biology, and related areas; growing application areas of peptides in drug discovery, therapeutics, and
research; and substantial R&D investments. https://www.marketsandmarkets.com/Market-Reports/peptide-synthesis-market158927365.html
APAC is expected to grow at the highest CAGR during the forecast period.
Global peptide synthesis market has been studied for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. APAC is expected to grow at the highest CAGR in the peptide synthesis market, primarily due to the increasing investments by pharmaceutical and biotechnology companies and rising R&D activities in the region.
The prominent players in the peptide synthesis market are GenScript Biotech Corporation (China), AAPPTec (US), Bachem (Switzerland), AnaSpec (US), Biotage (Sweden), CEM
Corporation (US), Gyros Protein Technologies (Sweden), Advanced ChemTech (US), Merck KGaA (Germany) and New England Peptide, Inc (US). Product launches and agreements, partnerships and collaborations were the major strategies adopted by these payers to maintain their positions in the peptide synthesis market. https://www.marketsandmarkets.com/Market-Reports/peptide-synthesis-market158927365.html
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