China’s peptide therapeutics market will see a considerable growth of 6.8% during the forecast period. Since the last decade, China has emerged as a globally preferred destination for the outsourcing of drug research. The robust growth of China’s Contract Research (CRO) industry is encouraging the transition of outsourcing services at a large scale, thereby contributing to drug innovation. A significant portion of the research is being outsourced each year by the global innovator companies as part of R&D restructuring and cost-cutting initiative, especially in the analytical chemistry and peptide services.
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China has many domestic players offering outsourcing services to global companies in the peptide area. For instance, the Chinese Peptide Company (CPC) offers services to AstraZeneca Plc, Pfizer Inc., among other companies, around custom synthetic peptide, or API manufacturing. In addition, the companies across the country are partnering and collaborating with various global players to expand the peptide therapeutics market offerings.
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For instance, in January 2016, ChemPartner expanded its CRO service offerings into peptide chemistry with a significant investment in personnel and infrastructure, including the acquisitions of parallel peptide synthesis equipment. The initiative will enable the company to partner with other companies in therapeutic peptide drug discovery and partnership in other functional areas including biology, pharmacology, and Drug Metabolism and Pharmacokinetics (DMPK).
Market Coverage
- Study Period- 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segments Covered- By Route of Administration and By Application
- Key Companies Profiled- Eli Lilly & Co., Amgen Inc., AstraZeneca Plc, Astellas Inc., Pfizer Inc., and Teva Pharmaceuticals Co. Ltd.
Key questions addressed by the report
- What is the market growth rate during the forecast period?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market during the forecast period?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
China Peptide Therapeutics Market – Segmentation
By Route of Administration
- Oral
- Parenteral
By Application
- Cancer
- Metabolic Disorder
- Gastrointestinal Disorders
- Central Nervous System Disorders
- Respiratory Disorders
- Others (Kidney Disorder and Autoimmune Disorder)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
