Portland, OR, Nov. 04, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global Peptide Therapeutics Market was estimated at $33.3 billion in 2021 and is expected to hit $64.3 billion by 2031, registering a CAGR of 6.8% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Market Size in 2031 | $64.3 Billion |
| CAGR | 6.8% |
| No. of Pages in Report | 309 |
| Segments Covered | Application, Route of Administration, Distribution Channel, and Region. |
| Drivers | Rise in the prevalence of chronic diseases |
| Growing awareness among patients about peptide therapeutic advancements | |
| Opportunities | High growth potential for the oral peptide therapeutics market |
| Restraints | Low bioavailability of peptides along with the high cost associated with the drug development |
Covid-19 scenario-
- Strong government support for the use of peptides in the creation of the Covid-19 vaccines create an array of chances for peptide adoption, thus accelerating the expansion of the market for peptide treatments.
- This drift is expected to persist even if the pandemic is almost over.
The global peptide therapeutics market is analyzed across application, route of administration, distribution channel, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
By application, the others segment held nearly one-third of the total market revenue in 2021, and is expected to dominate by 2031. The oncology segment, on the other hand, would manifest the fastest CAGR of 7.7% throughout the forecast period.
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By route of administration, the parenteral segment garnered more than three-fourths of the total market revenue in 2021, and is expected to dominate by 2031. The oral segment, on the other hand, would project the fastest CAGR of 7.3% throughout the forecast period.
By distribution channel, the hospital pharmacies segment held more than half of the total market revenue in 2021, and is expected to dominate by 2031. The drug store and retail pharmacies segment, simultaneously, would cite the fastest CAGR of 7.2% throughout the forecast period.
Based on region, the global market across North America generated more than two-fifths of the total market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The Asia-Pacific region, at the same time, would manifest the fastest CAGR of 7.6% during the forecast period. The other provinces analyzed through the report include Europe and LAMEA.
The key market players analyzed in the global peptide therapeutics market report include Amgen Inc., Bausch Health Companies Inc, Eli Lilly and company, AbbVie Inc, Takeda Pharmaceutical Company Limited Ever Neuro Pharma Gmbh, Pfizer Inc, GalaxoSmithKline plc, Novo Nordisk, and Sanofi-GSK. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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