18 December
2018: The
global Peptides
Market is anticipated to rise at a significant rate in the coming
years due to rising applications and scope across the globe. Peptides are short
chains of amino acids that are connected with the help of peptide bonds. In
other words, they are the building blocks of proteins. Once peptides construct
a long chain of amino acids, they turn out to be proteins. One of the vital
proteins present in our skin is collagen. Collagen offers thickness and
elasticity to our skin. A wide range of benefits is associated with the use of
these peptides. The peptides market is currently witnessing a significant trend
of the emergence of peptide therapeutics as an enhanced potent drug. The scope
of the product is inclined to oncology and hormonal therapy applications.
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The factors that are playing a key role in raising the peptides
market share may include technological improvements, rise in the prevalence of
chronic disorders, augmented demand for effective drugs and technology, rise in
the investments by leading players on research and development activities,
product introductions, rising prevalence of metabolic disorders, rise in the
number of cancer patients, and decrease in the production cost of peptide
drugs.
On the other hand, the factors that are acting as major hurdles in
the peptides market growth may entail rise in the complexity of peptides in the
production process, soaring cost of R&D activities and lack of awareness
among the consumers regarding use of peptides. Global Peptides Market is
segmented on the basis of type as Tripeptide, Dipeptide, Tetrapeptide,
Monopeptide, Hexapeptide, Heptapeptide, Pentatetrapeptide, and others. Peptides
Market is segregated by application as Medical, Pharmaceutical, Clinical, and
others.
Peptides Market is
classified by geography as North America, Southeast Asia, China, Europe, Japan,
and India. Among all the geographical regions, North America is currently
leading the peptides market and it is estimated that the market will witness a
robust growth rate in the near future, the reason being existence of a large
number of players in the particular region, rise in the awareness level among
the consumers regarding the usage of the product and robust developments in the
healthcare infrastructure.
On the contrary, Asia Pacific and Europe are also displaying a
huge growth in the peptides market as a huge number of market opportunities are
emerging in these regions. The prominent players operating in the Peptides
Market are recognized as Eli Lilly and Co., Sanofi, Novartis AG, GlaxoSmithKline
Plc, F. Hoffmann-La Roche Ltd., Bachem Holding AG, Amgen Inc, Teva
Pharmaceutical Industries Ltd., Takeda Pharmaceutical Co. Ltd., and Pfizer Inc.
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