Scienza e Tecnologia
Peptide Synthesis Market worth $730 million by 2026 - Exclusive Report by MarketsandMarkets™
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The Growth in this peptide synthesis market is driven by the increasing use of peptides in pharmaceutical drugs, increase in research activities and availability of funding for R&D, and the development of advanced automated peptide synthesizers. Increasing R&D activities indicate the gradual development of a robust research base globally. However, the lack of a unified set of regulations for therapeutic peptides and the high cost of instruments are expected to restrain the growth of this market during the forecast period.
Based on product & service, the market is segmented into reagents, equipment, and services. In 2020, the reagents segment accounted for the largest share of 50.8% of the market. The large share of this segment can be attributed to the growing applications of peptides in therapeutics, drug design, and gene synthesis; frequent purchase of reagents in comparison to equipment; rising number of ongoing research projects involving peptide synthesis; and the availability of various peptide synthesis reagents in the market.
Based on technology, the market is segmented into solid-phase peptide synthesis, solution-phase peptide synthesis, and hybrid & recombinant technology. The solid-phase peptide synthesis segment accounted for the largest share of 62.0% of the market in 2020. Solid-phase peptide synthesis is associated with several 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. These advantages support the growth of the solid-phase peptide synthesis segment.
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Based on the region, the market is segmented into five major regions: North America , Europe , Asia Pacific , Latin America , and the Middle East & Africa . The Asia Pacific is expected to register the highest CAGR in the peptide synthesis market during the forecast period. Growing R&D funding, increasing investments by pharmaceutical and biotechnology companies, and rising R&D activities in the region are expected to drive market growth.
Key players in the peptide synthesis market include Thermo Fisher Scientific (US), Merck KGaA ( Germany ), Kaneka Corporation ( Japan ), GenScript Biotech Corporation ( China ), and Bachem Holding AG ( Switzerland ).
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