Peptide Therapeutics Market Will Witness Growth Based On hybrid method of synthesis of peptides Till 2020:Grand View Research,inc.
Short chains of amino acid monomers which are linked by
amide bonds are termed as peptides. Peptides are different from proteins due to
difference in their sizes. Peptides contain less than 50 molecules of amino
acids. Peptides bind themselves to some specific cell surface receptors and
imitate like receptor ligands. This characteristic of peptides helps in
treating various diseases as peptides act on the cell membrane. Increasing
number of cancer patients and various metabolic diseases as well as
technological advancements such as introduction of hybrid method of synthesis
of peptides, are expected to drive the peptide therapeutics market over the
forecast period.
Huge market potential has been identified in peptide
therapeutics market globally and thus various pharmaceutical and biotechnology
industries are actively investing in research & development activities to
develop newer peptides to be used for various applications. Cancer has been a
major cause of death globally. According to world health organisation (WHO),
number of cancer patients is expected to increase from 12.7 million per year in
2011 to 16 million per year in 2020.
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Market: http://www.grandviewresearch.com/industry-analysis/peptide-therapeutics-market
Increase in metabolic diseases such as diabetes, along with
increase in number of cancer patients is expected to boost the market for
peptide therapeutics. Continuous R&D in peptide therapeutics has developed
various technologies and routes of administration of peptides. However, the
conventional route of administration which is parenteral route has grabbed
maximum share in terms of revenue of total market share of peptides by route of
administration in 2013.
Technology market was dominated by long phase peptide
synthesis (SPSS) of total market share in 2013. Peptide therapeutics market can
be classifies on the basis of technology used, application, route of administration
and product of peptides. North America holds largest market share while Asia
Pacific region is expected to grow at a significant rate over next six years.
Key market participants for this market include Roche, Novo-Nordisk, Bachem,
Lonza, Eli Lilly, Amylin, Ipsen, Polypeptide Group, Peptisyntha etc.
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Key technology segments analysed in this report include
solid phase peptide synthesis (SPPS), liquid phase peptide synthesis (LPPS) and
hybrid phase peptide synthesis (HPSS). SPSS technology segment dominated the
overall peptide therapeutics market in terms of revenue in 2013. Due to
introduction of newer technologies like HPSS, market share of SPSS is expected
to reduce by 2020. HPSS is the fastest growing technological segment over the
forecast period.
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting services.
To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
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