PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1494853
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1494853
According to Stratistics MRC, the Global Peptide Therapeutics Market is accounted for $49.15 billion in 2024 and is expected to reach $76.41 billion by 2030 growing at a CAGR of 7.63% during the forecast period. Peptide therapeutics are a new and exciting class of pharmaceuticals that target and modify particular physiological pathways by using peptides, which are short chains of amino acids. With their exceptional selectivity and capacity to engage with a wide variety of biological targets, such as hormones, enzymes, and receptors, these treatments are particularly useful. Comparing new treatments to older small-molecule medications, this precision allows for the development of therapies with fewer side effects. Moreover, utilizing innovative methods to treat ailments like diabetes, cancer, and bacterial infections, peptide therapeutics are used in oncology, endocrinology, and infectious diseases, among other medical specialties.
According to the American Diabetes Association, peptide therapeutics represent a significant advancement in the treatment of diabetes, offering improved glucose control and reduced side effects compared to conventional therapies.
Growing rate of chronic illnesses
The increasing prevalence of chronic illnesses worldwide, including diabetes, cancer, heart disease, and neurological disorders, is driving up demand for more sophisticated treatment alternatives. Peptide therapeutics presents a promising substitute for conventional therapies because of their capacity to precisely target diseased cells and pathways. GLP-1 receptor agonists, for example, are peptide medications that have demonstrated superior efficacy in glycemic control in diabetes. Furthermore, the market for peptide therapeutics is being driven by the increasing number of patients with chronic conditions, which is driving the demand for safer and more effective treatments.
Elevated production expenses
Peptide therapeutics is made using costly and intricate synthesis techniques like recombinant DNA technology and solid-phase peptide synthesis (SPPS). To guarantee the desired product's purity and effectiveness, these procedures call for expensive machinery, high-purity reagents, and stringent quality control procedures. Additionally, it can be unaffordable to scale up production from a laboratory to a commercial scale. Because of their high production costs, these products end up being more expensive, which can restrict their affordability and accessibility, particularly in developing nations where healthcare budgets are tight.
Growth in emerging markets
Peptide therapeutics has a lot of room to grow in emerging markets, especially in Asia-Pacific, Latin America, and Africa. These areas are seeing increases in the cost of healthcare, a rise in the incidence of chronic illnesses, and advancements in the infrastructure of healthcare. Improving access to cutting-edge medical treatments is the main priority for these regions' governments and healthcare institutions. Companies can access a sizable and expanding patient population by judiciously entering these markets. Furthermore, smoother entry and expansion into new markets can be facilitated by working with regional healthcare providers and adjusting to local regulatory requirements.
Fierce rivalry between biologics and small molecules
Market competitors for peptide therapeutics include well-known small-molecule medications and biologics. Because of their longer shelf life, oral bioavailability, and lower production costs, small-molecule drugs are typically preferred. Biologics are widely used in the treatment of a wide range of chronic and complex diseases because they have high specificity and efficacy, such as gene therapies and monoclonal antibodies. Moreover, peptide therapies have a difficult time taking off due to the established market positions of these alternatives; in order to successfully compete, they must significantly differ from the competition in terms of efficacy, safety, or convenience.
The peptide therapeutics market was affected by the COVID-19 pandemic in a variety of ways, which both hampered and accelerated the industry's growth. Research and production capacities were momentarily hampered by supply chain disruptions and the reallocation of healthcare funds to pandemic management. But the pressing need for efficient medications and vaccines brought peptide-based therapies' potential to light, resulting in more funding and quicker regulatory approvals for related goods. Additionally, the pandemic also brought attention to the significance of creative drug delivery methods and robust supply chains, which sparked developments and adjustments that might eventually help the market.
The Innovative segment is expected to be the largest during the forecast period
The market for peptide therapeutics is dominated by the innovative segment. This dominance is fueled by the ongoing research and development of innovative peptide medications, which provide focused therapies for a variety of illnesses, such as diabetes, cardiovascular disease, and cancer. Novel peptides are generally engineered to possess heightened selectivity, effectiveness, and safety characteristics, filling gaps in the medical field and providing better therapeutic alternatives than established therapies. Furthermore, growth in this market has been driven by significant R&D expenditures as well as regulatory support for innovative treatments.
The Oral segment is expected to have the highest CAGR during the forecast period
In the peptide therapeutics market, the oral segment is anticipated to grow at the highest CAGR. Peptide medications have historically had difficulty being administered orally because of their low bioavailability and vulnerability to enzymatic breakdown in the gastrointestinal system. But new developments in drug delivery technologies are changing this, like the creation of oral formulations that prevent peptides from degrading and improve their absorption. Moreover, enteric coatings, enzyme inhibitors, and nanoparticle carriers are some of the innovations that are making oral peptide therapeutics more appealing and feasible.
The market for peptide therapeutics is dominated by North America. Numerous factors, such as a strong research and development base, a high incidence of chronic illnesses, and advantageous regulatory frameworks, are responsible for this dominance. Contributing to the region's leading position are important pharmaceutical and biotechnology companies, as well as a strong emphasis on innovation and technological advancements. Additionally, growing patient and healthcare professional awareness of the advantages of peptide therapeutics, along with rising investments in personalized therapies and precision medicine, are driving market growth in North America.
The peptide therapeutics market is expected to grow at the highest CAGR in the Asia-Pacific area. The biopharmaceutical industry is growing, chronic disease prevalence is rising, healthcare costs are rising, and R&D spending is rising, among other factors driving this growth. China, India, Japan, and South Korea are becoming major players in the global pharmaceutical industry, focusing on the development of novel treatments such as peptide drugs. Furthermore, the Asia-Pacific region offers substantial prospects for market expansion due to favourable government initiatives, improving healthcare infrastructure, and a sizable patient population.
Key players in the market
Some of the key players in Peptide Therapeutics market include Eli Lilly & Company, AstraZeneca PLC, F. Hoffmann-La Roche Ltd., Novartis AG, Pfizer Inc., Bausch Health Companies Inc, Ever Neuro Pharma GmbH, AbbVie, Inc., Ironwood Pharmaceuticals Inc., Sanofi SA, Novo Nordisk A/S, Takeda Pharmaceutical Company Limited, Amgen Inc., GlaxoSmithKline plc, Sun Pharmaceutical Industries Ltd. And Teva Pharmaceutical Industries Ltd.
In May 2024, AstraZeneca has entered a worldwide licence and option agreement with Nona Biosciences for a preclinical monoclonal antibody. The deal focuses on the development of the antibody to develop targeted tumour therapies.
In January 2024, Roche and MOMA Therapeutics have signed a strategic partnership and licencing agreement for discovering drug targets for cancer. Under the alliance, Roche will obtain access to MOMA's KnowledgeBase platform to identify and prosecute new drug targets that are involved in the growth and survival of cancer cells.
In October 2023, French biotech company Mablink has entered an agreement to be acquired by Eli Lilly. The deal is subject to approval from the French Ministry of the Economy. Lilly plans to utilise Mablink's PSARLink technology, which disguises cancer-killing molecules, allowing them to be delivered precisely to cancer cells while sparing healthy cells. The technology will broaden the use of antibody-drug conjugates (ADCs).
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.