Expected Revenue Growth in Near Future:

The Peptide Synthesis Production Market is projected to reach USD 426.4 million by 2023 from USD 310.5 million in 2018, at a CAGR of 6.5% during the forecast period.

Drivers:
# Increasing use of peptides in pharmaceutical drugs
# Increase in research activities and availability of funding for R&D
# Development of advanced peptide synthesizers

Restraints:
# Lack of a unified set of regulations for therapeutic peptides

Opportunities:
# Emerging markets in the Asia Pacific region

Challenges:
# Issues associated with the route of administration of peptide drugs

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End Users:

Pharmaceutical & biotechnological companies are expected to dominate the peptide synthesis market in 2017

Based on end users, the peptide synthesis market is segmented into pharmaceutical & biotechnological companies, contract development and manufacturing organizations, and academic and research institutes. In 2017, pharmaceutical & biotechnological companies accounted for the largest market share due to increasing number of research projects in genomics, molecular biology, and related areas; growing application areas of peptides in drug discovery, therapeutics, and research; and substantial R&D investments.

Regional Growth:

APAC is expected to grow at the highest CAGR during the forecast period.

Global Peptide Synthesis Production Market has been studied for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. APAC is expected to grow at the highest CAGR in the peptide synthesis market, primarily due to the increasing investments by pharmaceutical and biotechnology companies and rising R&D activities in the region.

Key Players:

The prominent players in the peptide synthesis market are GenScript Biotech Corporation (China), AAPPTec (US), Bachem (Switzerland), AnaSpec (US), Biotage (Sweden), CEM Corporation (US), Gyros Protein Technologies (Sweden), Advanced ChemTech (US), Merck KGaA (Germany) and New England Peptide, Inc (US).

Major Strategies Adopted by Them:

Product launches and agreements, partnerships and collaborations were the major strategies adopted by these payers to maintain their positions in the Peptide Synthesis Production Market.

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