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The market for peptide therapeutics is driven by the thriving pharmaceutical and healthcare sectors, especially in emerging economies. In addition to this, the greater access to medical facilities and the increased availability of biosimilars are anticipated to be the major drivers for the market. Moreover, the growing awareness about different oral peptide therapeutic treatments with fewer side-effects is anticipated to fuel the market growth in the forecast period.
The market players are increasingly investing in research and development activities to develop novel solutions, which, in turn, is leading to increased collaborations. For instance, in December 2020, Takeda Pharmaceutical Co Ltd. announced a collaborative research and exclusive license agreement with Peptidream Inc. This collaborative agreement was aimed towards creating peptide drug conjugates (PDCs) for neuromuscular diseases. Some of the leading players in the market include Pfizer Inc. (NYSE: PFE) and AstraZeneca plc (NASDAQ: AZN).
In terms of region, North America is likely to account for a significant share of the market and is anticipated to witness a considerable growth in the forecast period. The United States of America significantly spends on its healthcare services and infrastructure. The superior medical facilities, along with the rising public expenditure on health, is anticipated to favour the market growth in the region.
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The major players in the global peptide therapeutics market are Pfizer Inc., AstraZeneca PLC, GlaxoSmithKline PLC, Novartis AG, and Amgen Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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