The global peptide therapeutics market is projected to grow at a significant CAGR of around 9.0% during the forecast period. Peptides are composed of short chains of amino acid monomers linked together via peptide bonds and occur naturally in the human body. Peptides are very specific in activity when compared to small molecules when used as a drug candidate. Generally having fewer side effects, peptides have become popular candidates for drug design. During the past decade, peptides have gained a wide range of applications in medicine and biotechnology, and therapeutic peptide research is also currently experiencing a renaissance for commercial reasons.
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The primary factor that drives the growth of the market include the incidences of cancer along with other metabolic disorders across the globe. Additionally, the rising demand for cost-efficient and effective drugs, along with the rapid R&D activities in order to manufacture novel drugs for the treatment are also likely to contribute to the growth of the market during the forecast period.
However, limitations linked with the peptides, inadequate resources, and stringent regulations by the government are some of the factors that may challenge the growth of the market during the forecast period. Nevertheless, the presence of the key players continuously contributing to the growth of the market along with numerous government initiatives to successfully detect and treat cancer, which is providing opportunities for the growth of the market growth.
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Global Peptide Therapeutics Market Segmentation
By Route of Administration
- Oral
- Parenteral
By Application
- Cancer
- Gastrointestinal Disorders
- Central Nervous System Disorders
- Respiratory Disorders
- Others
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