Technological Advancements to Drive Customized Peptide Synthesis Market

The customized peptide synthesis market is expected to reach a value of $390.0 million by 2024, increasing from $268.8 million in 2018, progressing at a 6.4% CAGR during the forecast period (2018–2024), according to a research conducted by P&S Intelligence. The rising research activities in the field of synthetic biology, technological advancements, growing investments and funding for protein-based researchers, and surging burden of cancer and infectious diseases are the major factors resulting in the growth of the market.

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On the basis of product, the customized peptide synthesis market is divided into equipment and reagents, between which, the reagents category accounted for the larger market share of 69.5% in 2018. The division is further projected to grow at the faster pace during the forecast period, owing to the increasing utilization of different kinds of reagents, such as buffers, substrates, precipitation agents, and additives, for the purpose of peptide synthesis. The equipment division is subcategorized into lyophilizers, peptide synthesizers, and chromatography equipment.

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Geographically, North America held the largest market share of 33.8% in 2018. This is because of the rising utilization of peptides for drug discovery, preparing monoclonal antibodies, and disease research. In addition to this, rising government funding for peptide research and surging prevalence of chronic diseases are also projected to drive the regional market in the coming years. Other than this, the demand for peptides is also predicted to increase at a rapid pace in the Asia-Pacific region during the forecast period.

In addition to this, various companies are developing innovative platforms for the synthesis of peptides, which is also expected to lead to the growth of the customized peptide synthesis market. Public and private entities are also widely participating in synthetic biology research. The number of private and public entities engaging in research in the field of synthetic biology grew widely during 2009–2013. Such rising research activities are projected to drive demand for peptide synthesis in the coming years.

Hence, the market is witnessing growth due to technological advancements and rising research activities in the field of synthetic biology.

This study covers

• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
• Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders

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