Dublin, July 20, 2018 (GLOBE NEWSWIRE) -- The "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" report has been added to ResearchAndMarkets.com's offering.
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.
Factors such as increasing use of peptides in pharmaceutical drugs, increase in research activities and availability of funding for R&D, and the development of advanced peptide synthesizers are expected to drive the growth of the market. However, the lack of a unified set of regulations for therapeutic peptides is expected to restrain the growth of this market during the forecast period. "The solid-phase synthesis segment accounted for the largest market share and is expected to grow at the highest CAGR during the forecast period" By technology, the peptide synthesis market is segmented into solid-phase, liquid -phase, and hybrid & recombinant technology. 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 expected to drive the adoption of solid-phase synthesis. "The contract development and manufacturing organizations segment is projected to grow at the highest CAGR during the forecast period" By end user, the market is segmented into pharmaceutical and biotechnology companies, contract development and manufacturing organizations, and academic and research institutes. The contract development and manufacturing organizations segment is expected to grow at the highest CAGR during the forecast period. The increasing demand for cost-effective peptide synthesis services in drug development activities and life science research is driving the growth of this segment. "North America is projected to have the largest market share during the forecast period (2018-2023)" North America dominated the peptide synthesis market in 2017, followed by Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest share of the peptide synthesis market. The large share of North America in this market can be attributed to the high prevalence of chronic diseases, increasing investments in the development of structure-based drug designs, and growing research in the fields of genomics and proteomics in the region. Break of primary participants was as mentioned below:
- By Company Type - Tier 1 - 45%, Tier 2 - 40% and Tier 3 - 15%
- By Designation - C-level - 41%, Director Level - 30%, Others - 29%
- By Region - North America - 32%, Europe - 27%, Asia-Pacific - 19%, Latin America - 12%, Middle East & Africa - 10%
The major 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 (US).
Key Topics Covered
1 Introduction 1.1 Objectives of the Study 1.2 Market Definition 1.3 Market Scope 1.3.1 Markets Covered 1.3.2 Years Considered for the Study 1.4 Currency 1.5 Limitations 1.6 Stakeholders 2 Research Methodology 2.1 Research Data 2.1.1 Secondary Sources 2.1.1.1 Key Data From Secondary Sources 2.1.2 Primary Sources 2.1.2.1 Key Data From Primary Sources 2.2 Market Size Estimation 2.3 Market Breakdown and Data Triangulation 2.4 Market Share Estimation 2.5 Assumptions for the Study 3 Executive Summary 4 Premium Insights 4.1 Peptide Synthesis: Market Overview 4.2 Europe: Peptide Synthesis Market, By Technology & End User (2017) 4.3 Peptide Synthesis Market: Geographic Snapshot 4.4 Peptide Synthesis: Geographic Mix 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Use of Peptides in Pharmaceutical Drugs 5.2.1.2 Increase in Research Activities and Availability of Funding for R&D 5.2.1.3 Development of Advanced Peptide Synthesizers 5.2.2 Restraints 5.2.2.1 Lack of A Unified Set of Regulations for Therapeutic Peptides 5.2.3 Opportunities 5.2.3.1 Emerging Markets in the Asia Pacific Region 5.2.4 Challenge 5.2.4.1 Issues Associated With the Route of Administration of Peptide Drugs 6 Peptide Synthesis Market, By Product 6.1 Introduction 6.2 Reagents 6.3 Equipment 6.3.1 Peptide Synthesizers 6.3.2 Chromatography Equipment 6.3.3 Lyophilizers 7 Peptide Synthesis Market, By Technology 7.1 Introduction 7.2 Solid-Phase Peptide Synthesis (SPPS) 7.3 Solution-Phase Synthesis (SPS) 7.4 Hybrid and Recombinant Technology 8 Peptide Synthesis Market, By End User 8.1 Introduction 8.2 Pharmaceutical and Biotechnology Companies 8.3 Contract Development and Manufacturing Organization/ Contract Research Organization 8.4 Academic and Research Institutes 9 Peptide Synthesis Market, By Region 9.1 Introduction 9.2 North America 9.2.1 US 9.2.2 Canada 9.3 Europe 9.3.1 Germany 9.3.2 UK 9.3.3 France 9.3.4 Italy 9.3.5 Spain 9.3.6 Rest of Europe 9.4 Asia Pacific 9.4.1 China 9.4.2 Japan 9.4.3 India 9.4.4 Rest of Asia Pacific 9.5 Latin America 9.6 Middle East and Africa 10 Competitive Landscape 10.1 Overview 10.2 Competitive Scenario 10.3 Growth Strategy Matrix 10.3.1 Acquisitions 10.3.2 Product Launches 10.3.3 Agreements, Partnerships, and Collaborations 10.3.4 Expansions 11 Company Profiles 11.1 Genscript Biotech 11.2 Merck KGaA 11.3 AAPPtec 11.4 Bachem Holdings 11.5 Anaspec (A Subsidiary of Kaneka Eurogentec S.A.) 11.6 Biotage 11.7 CEM Corporation 11.8 Gyros Protein Technologies 11.9 Advanced Chemtech 11.10 NEP (New England Peptide)
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