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by Metcarl · February 27, 2019


Global Peptide Therapeutics Market: Snapshot


The global market for peptide therapeutics has been witnessing a substantial rise in its size and valuation since the last few years. The major factors that are driving the growth of this market are the rising prevalence of metabolic disorders and the increasing pool of cancer patients. The technological advancements Panthers Taylor Moton Jersey , resulting in a significant reduction in the production cost of peptide drugs, is also boosting this market remarkably.


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The rise in research activities and development pipeline of peptide drugs is projected to bring significant growth in this market over the next few years. However, the high complexity of peptides may obstruct the manufacturing of peptide drugs over the forthcoming years, reflecting poorly on the overall progress of the market. In 2015 Panthers Curtis Samuel Jersey , the worldwide market for peptide therapeutics was worth US$21.3 bn. Researchers project the opportunity in this market to expand at a healthy CAGR of 9.10% between 2016 and 2024 and reach a value of US$46.6 mn by the end of 2024.


Cancer Treatment to Surface as Key Application Area of Peptide Therapeutics


Based on the application, the global peptide therapeutics market is classified into cancer treatment, drugs for metabolic disorders, cardiovascular disease (CVD) therapeutics Panthers Christian McCaffrey Jersey , respiratory disorder therapeutics, gastrointestinal tract (GIT) therapeutics, anti-infective drugs, dermatology therapeutics Panthers Donte Jackson Jersey , central nervous systems (CNS) therapeutics, and renal therapeutics.


With peptides evolving as a potential therapeutic agent for the treatment of cancer, the cancer segment emerged as the key contributor to this market in 2015. The rising mortality rate, caused by cancer Panthers DJ Moore Jersey , has led to an increased focus of players towards the development of new drugs and products to combat the situation, which is influencing the market substantially. The technological advancements and extensive research and development activities are likely to fuel the uptake of peptide therapeutics for the treatment of cancer over the next few years.