What are Biggest Factors Fuelling Surge of Customized Peptide Synthesis Industry?

 Rapid technological developments in peptide utilization in the pharmaceutical industry are one of the biggest factors responsible for the rise in the demand for customized peptide synthesis across the world. Peptide has been conventionally produced from natural sources such as adrenocorticotropic hormone (ACTH) from bovine and porcine pituitary and insulin from canine and bovine pancreas. This production process was time-consuming and produced lower quantities of peptide. However, due to the technological advancements in the last few years, manufacturers have started shifting toward the synthesis of synthetic peptides such as octreotide, leuprorelin, and oxytocin.

Driven by the above-mentioned factors, the valuation of the global customized peptide synthesis market size is predicted to increase from $268.8 million in 2018 to $390.0 million by 2024. The market is also expected to advance at a 6.4% CAGR during the forecast period (2019–2024). There are two types of products used in the customized peptide synthesis process — equipment and reagents. Of these, the reagents are expected to register faster growth in utilization during the forecast period, on account of the mushrooming usage of numerous types of reagents, such as additives, buffers, and precipitation agents for peptide synthesis.

To learn more about this report: https://bit.ly/2EGypCp

Globally, the Asia-Pacific region is predicted to observe the fastest growth in the adoption of customized peptide synthesis methods during the forecast period. The main factors causing the growth of the customized peptide synthesis market in the APAC region are the low cost of the raw materials used in the customized peptide synthesis process, ballooning usage of peptides in various drug discovery processes, increasing investments on R&D projects in the field of customized peptide synthesis, soaring number of life sciences research activities, and rising technological innovations in customized peptide synthesis methods, in the region.

Browse full report at: https://www.psmarketresearch.com/market-analysis/customized-peptide-synthesis-market

Therefore, it can be said with full confidence that the demand for customized peptide synthesis methods will increase throughout the globe, in the coming years, owing to the rising need for customized peptides in various commercial applications and the increasing R&D activities for the development of innovative bio-based products.


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