What is Global Custom Peptide Synthesis Service Market?
The Global Custom Peptide Synthesis Service Market is a specialized sector within the broader pharmaceutical and biotechnology industry. It involves the production of peptides, which are short chains of amino acids, on a custom basis for various applications. These peptides are synthesized according to the specific requirements of the customer, which can range from research institutions to pharmaceutical companies. The process of peptide synthesis involves a series of chemical reactions, where amino acids are linked together in a specific sequence. This market is driven by the increasing demand for peptides in drug discovery and development, as well as in the production of therapeutic proteins and vaccines. The custom peptide synthesis service market is a global one, with key players operating in various regions around the world. It is a highly competitive market, with companies constantly striving to improve their synthesis capabilities and offer better services to their customers.
CRO Peptides, CMO Peptides, Generic API Peptides in the Global Custom Peptide Synthesis Service Market:
The Global Custom Peptide Synthesis Service Market is segmented into CRO Peptides, CMO Peptides, and Generic API Peptides. CRO Peptides are peptides that are synthesized by Contract Research Organizations (CROs) for use in research and development activities. These peptides are typically used in preclinical and clinical studies to evaluate their potential as therapeutic agents. CMO Peptides, on the other hand, are peptides that are synthesized by Contract Manufacturing Organizations (CMOs) for use in the production of commercial drugs. These peptides are used as active pharmaceutical ingredients (APIs) in various drug formulations. Lastly, Generic API Peptides are peptides that are synthesized for use as APIs in generic drugs. These peptides are identical to the APIs used in brand-name drugs, but are produced and sold at a lower cost. The demand for these different types of peptides is influenced by various factors, including the level of investment in research and development, the growth of the pharmaceutical industry, and the increasing prevalence of diseases that can be treated with peptide-based drugs.
Commercial, Academic Research in the Global Custom Peptide Synthesis Service Market:
The Global Custom Peptide Synthesis Service Market finds its usage in two major areas: Commercial and Academic Research. In the commercial sector, custom peptide synthesis services are primarily used by pharmaceutical and biotechnology companies. These companies require custom peptides for various purposes, such as drug discovery, therapeutic protein production, and vaccine development. The peptides synthesized by these services are used as active pharmaceutical ingredients in drugs, as well as in the development of new therapeutic agents. In the academic research sector, custom peptide synthesis services are used by research institutions and universities. These institutions require custom peptides for various research activities, including the study of protein structure and function, the development of new biochemical assays, and the investigation of disease mechanisms. The demand for custom peptide synthesis services in these areas is driven by the increasing investment in research and development, the growing need for new therapeutic agents, and the rising prevalence of diseases that can be treated with peptide-based drugs.
Global Custom Peptide Synthesis Service Market Outlook:
Looking at the market outlook for the Global Custom Peptide Synthesis Service Market, it's clear that this sector is set for significant growth. In 2023, the market was valued at US$ 993 million. However, it's projected to almost double in value by 2030, reaching an estimated US$ 1663.7 million. This represents a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period from 2024 to 2030. This growth can be attributed to several factors, including the increasing demand for peptides in drug discovery and development, the growing investment in research and development, and the rising prevalence of diseases that can be treated with peptide-based drugs. Furthermore, advancements in peptide synthesis technology and the expansion of the pharmaceutical and biotechnology industries are also expected to contribute to the growth of this market.
| Report Metric | Details |
| Report Name | Custom Peptide Synthesis Service Market |
| Accounted market size in 2023 | US$ 993 million |
| Forecasted market size in 2030 | US$ 1663.7 million |
| CAGR | 7.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Bachem, PolyPeptide, GL Biochem, Xinbang, Hybio, USVPeptides, Thermofischer, ScinoPharm, Genscript, AnaSpec, New England Peptide, CPC Scientific, JPT, 21st Century Bio, LifeTein, Proimmune, Biomatik |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
