According to FutureWise analysis the market for Peptide Synthesis is expected to reach US$ 1.06 billion by 2031 at a CAGR of 7.60%.
A peptide is made up of two or more amino acids connected by amide bonds that together create a chain of amino acids that is typically 2 to 70 amino acids long. Because they don't need to be folded for biological activity, peptides are different from proteins. Peptides are found naturally in both plants and animals as peptide hormones such as enkephalin, LHRH, and angiotensin, as well as toxins. Peptides have a lot of potential as both starting points for drug discovery and as standalone medications. They are also utilised extensively as antigens to produce antibodies and are found to have applications in vaccines, biomaterials, histology probes, and vaccines.
The pharmaceutical industry relies heavily on peptides as a source of finished drugs and a starting point for developing peptidomimetic or non-peptidic pharmaceuticals. Therapeutic peptides are known to be highly selective in binding to in vivo targets, making them frequently highly effective and very selective while posing relatively few risks. They are therefore anticipated to impact drug discovery in the future significantly. Today, the US Food & Drug Administration has approved the use of more than 60 peptide-based medications. Over 140 peptide pharmaceuticals are undergoing clinical trials, while more than 500 are undergoing preclinical testing.
FutureWise Market Research has published a report that provides an insightful analysis of peptide synthesis market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry.
According to the analysis conducted by FutureWise research analysts, the peptide synthesis market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.