Peptide synthesis is a process of creating short sequences of polypeptides by adding one amino acid at a time. This process is useful for creating specific sequences that represent epitopes of certain protein domains that may or may not be modified by moieties, such as phosphate groups. Peptide synthesis has become one of the most important methodologies in bio-organic chemistry for research and diagnosis. Moreover, increasing incidence of infectious diseases is expected to boost the market growth. For instance, according to an article published by the Centers for Disease Control and Prevention (CDC) in February 2020, reports that the number of visits with infectious and parasitic diseases to physician offices as the primary diagnosis were 15.5 million in 2016 in the U.S.

The global peptide synthesis market is estimated to be valued at US$ 348.9 million in 2020 and is expected to exhibit a CAGR of 6.6% during the forecast period (2020-2027).

Inorganic strategies such as collaborations by market players for peptide synthesis is expected to propel growth of the global peptide synthesis market

Major players are focusing on expanding their business with inorganic strategies such as collaborations and this is expected to boost the market growth over the forecast period. For instance, in January 2018, Imcyse SA, a clinical-stage biotech company based in Belgium entered into a collaboration with leading multinational pharmaceutical corporation, Pfizer, Inc. The collaboration aimed at development of a certain modified peptide called Imotope. This particular peptide is synthesized for treating rheumatoid arthritis and other chronic diseases.
Moreover, increasing incidence of cancer cases is expected to boost the market growth. For instance, according to an article published by the World Health Organization in 2018, 18.1 million new cancer cases are reported every year across the globe. Among these, 300,000 cases are diagnosed among children aged 0 to 19 years.

Get PDF Brochure Of This Research Report @ :
https://www.coherentmarketinsights.com/insight/request-pdf/4336

Increasing cancer cases in North America is expected to boost the market growth

North America is expected to hold dominant position in the global peptide synthesis market, owing to increasing new cases of cancer in the region. For instance, according to an article published by the American Cancer Association in 2018, reports that around 1,735,350 new cancer cases were diagnosed and 609,640 cancer deaths occurred in the U.S.

Global Peptide Synthesis Market – Impact of Coronavirus (COVID-19) Pandemic

The coronavirus (COVID-19) pandemic and lockdowns in various countries across the globe have impacted the financial status of businesses in all sectors. The private healthcare is one such sector, which has been impacted significantly by the COVID-19 pandemic.
The lockdown in various countries due to the pandemic has placed an economic burden on the healthcare sector. Moreover, the coronavirus pandemic has hampered the development, production, and supply of drugs and other healthcare products and affected growth of healthcare businesses of various companies across the globe.
As a result, the impact of the COVID-19 pandemic is also expected to limit growth of the global peptide synthesis market during the forecast period.

Key Players

Major players operating in the global peptide synthesis market include GenScript Biotech Corporation, Merck KGaA, ThermoFisher Scientific Inc., Syngene, Lonza, Novo Nordisk A/S, Bachem Holding AG, Gyros Protein Technologies, Creative Diagnostics, CEM Corporation, PuroSynth, AAPPTec, and Biotage AB among others.

Request Sample Copy of Research Report @ :
https://www.coherentmarketinsights.com/insight/request-sample/4336



About Coherent Market Insights

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us

Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]