Global Catalog Peptides Market
Global Catalog Peptides Market Size By Application, By Geographic Scope and Forecast
According to Verified Market Research, the Global Catalog Peptides Market was valued at USD 246.93 Million in 2018 and is expected to witness a growth of 6.02% from 2019-2026 and reach USD 390.31 Million by 2026.
Peptides are naturally occurring biological molecules that are found in all living organisms; they play a key role in biological activity to which they are used in a broad range of therapeutic areas. Peptides are progressively entering the drug development industry as potential active pharmaceutical ingredients due to factors such as their biological activity, ready availability, high specificity, relative ease of synthesis and low toxicity.
A number of catalog peptides have wide-ranging therapeutic effects, such as antioxidant, antimicrobial, and antithrombotic effects. Peptide synthesis can be carried out by research institutes, pharmaceutical, and biotechnology companies or Contract Manufacturing Organizations (CMOs) and Contract Research Organizations (CROs). Applications that employ peptides are mainly targeted to pharmaceutical peptides, peptide carriers, tissue engineering materials and peptides for health.
Peptides are highly active and highly specific drug substances. They participate in an extensive range of therapeutic areas as a result of the diversity of their biological functions. Peptides can be seen to increasingly be prominent in drug development pathways as potential active pharmaceutical ingredients due to their large chemical space, high biological activity, high specificity, relative ease of synthesis, ready availability, and low toxicity.
There has now recently been an upsurge in the number of research activities that are being carried out, particularly in the areas of drug discovery, antibody production, disease research, and therapeutics. The increased focus on these areas area allows for novel techniques to be brought to light, a lot of which include the use of peptides and their synthesis. The increase in the number of research activities can be attributed to the increasing demand for catalog peptides, which is further augmenting the global catalog peptides market share. However, the lack of a unified set of regulations is restraining market growth.
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