Peptide Therapeutics Market Analysis

Peptide Therapeutics Market Analysis

Based on type, the market is subdivided into branded and generic peptide. Branded peptide segment accounted for a dominant segmental share in 2022 and is anticipated to expand at 7.7% CAGR from 2023 to 2032.
 

• Branded peptides are protected by strong patents, ensuring exclusivity and restrict other firms from making and selling the identical peptide for a certain length of time. This exclusivity allows firms to recoup their R&D investments while maintaining a competitive edge.
   
• Generic peptide segment is set to witness considerable growth and reach USD 27.1 billion by 2032. After the patent monopoly of the pioneer peptide expires, generic peptides become accessible. This term, known as market exclusivity, permits generic manufacturers to enter the market and provide more cost alternative. It ensures that patients retain access to critical therapies.
   

Based on applications, the peptide therapeutics market is classified into metabolic disorders, cancer, cardiovascular, gastrointestinal, central nervous system, infectious diseases, respiratory disorders, pain management, renal disorders, dermatology, and other applications. The metabolic disorders segment accounted for the largest share of 35.4% in 2022 due to the high prevalence of metabolic diseases such as diabetes.
 

• According to a National Centre for Biotechnology Information (NCBI) article published in 2023, it is estimated that metabolic syndrome (MetS) affects 20-30% of the adult population globally, creating significant health, social, and economic consequences.
   
• Moreover, natural hormones involved in metabolism, such as insulin, GLP-1 receptor agonist, and leptin, can be replicated or modulated by peptides. Peptide therapies can help restore normal metabolic function by modulating these biological processes, contributing to the segment progress.
   

Based on route of administration the peptide therapeutics market is subdivided parenteral, oral, and other routes of administration. The parenteral segment accounted for USD 31.6 billion in 2022 and is expected to witness the highest growth at 7.6% CAGR from 2023 to 2032.
 

• Parenteral administration allows for precise and accurate dosage. This is particularly crucial when providing vital or strong peptide medications since it reduces the possibility of underdosing or overdose.
   
• In addition, peptide medicines delivered parenterally often have better bioavailability than those supplied orally. By avoiding the gastrointestinal tract, the medicine is less likely to be degraded by digestive enzymes and can enter systemic circulation more quickly.
   

Based on manufacturer type, the peptide therapeutics market is classified into in-house and outsourced. The in-house segment dominated the market with the highest market share of around 64.7% in 2022 and is expected to grow at the highest CAGR during the forecast period.
 

• In-house development enables companies to retain complete control over their intellectual property, such as unique peptide sequences, medication delivery technology, and formulation procedures. This level of management is critical for protecting investments and fostering innovation.
   
• Moreover, companies may acquire more ownership over the costs involved with in-house development. They can monitor spending for R&D, manufacturing, and quality control, enabling for more effective budget management.
   

Based on synthesis technology, the peptide therapeutics market is subdivided into liquid-phase peptide synthesis, solid-phase peptide synthesis, and hybrid technology. The liquid-phase peptide synthesis (LPPS) segment held the majority of market share in 2022 and is expected to reach USD 41 billion by 2032.
 

• LPPS is well-suited for native chemical ligation, a potent approach for forming a natural peptide connection with two synthetic peptide sections. This approach allows for the synthesis of larger and more complicated peptides and proteins, thus rendering it valuable in drugs development.
   
• Also, due to the higher mobility of reactants in solution, LPPS frequently exhibits enhanced reaction kinetics. This has the potential to result in more rapid reaction times and more efficient peptide synthesis.
   

Based on distribution channel, the global peptide therapeutics market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies. The hospital pharmacies segment accounted for USD 23.45 billion in 2022 and is expected to grow at 7.6% CAGR from 2023 to 2032.
 

• They play an important role in the care and treatment of patients in a hospital setting. They guarantee that patients receive the appropriate drugs, including peptide-based treatments, at the appropriate timing and amount. In addition, peptide-based treatments frequently involve specific drugs with unique administration and storage requirements.
   
• Additionally, hospitals are equipped to manage emergencies and rapidly and effectively dispense essential medications, including peptide-based pharmaceuticals, which is critical for patient care during emergencies.
   

The North American peptide therapeutics market is expected to witness growth at 8.2% during the analysis period.
 

• The North America high market revenue is owing to increasing prevalence of chronic disorders, rising healthcare expenditure, technological advancements, growing disposable income, etc. in the region. Moreover, rising incidences of metabolic disorders, cancer, cardiovascular disorders, gastrointestinal disorders, and central nervous system disorders are increasing the demand for effective peptide therapeutics for such conditions.
   
• Additionally, North America, particularly the U.S. and Canada, has an advanced healthcare infrastructure that includes outstanding medical facilities, research institutes, and pharmaceutical companies. This infrastructure facilitates peptide-based treatment research, development, production, and delivery.