Market Forecasts and Industry Analysis Peptide Therapeutics Market By Application (Cancer | Page 2
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Further Key Findings From the Study Suggest:
• Cancer held the largest market share in 2016 owing to increasing demand for alternative
therapeutics over conventional treatment options. Peptides are being used as potential therapeutic
agents in cancer treatment.
• The generic drug segment is expected to showcase upward shift due to patent expiration of
blockbuster peptides and supportive government initiatives pertaining to the introduction of generic
class
• Outsourced manufacturing is expected to grow at CAGR of 6.7% owing to requirements of complex
procedures and shift in preference toward outsourcing, which helps in eliminating cost of production.
• Route of administration including nasal and intradermal routes is expected to grow at a rapid pace
owing to ease of usage and advantages over other routes of administration such as oral.
• Hybrid technology is expected to spearhead the growth of this market. Benefits associated with this
technology such as time conservation and ease of usage for both solid- and liquid-phase peptide
synthesis are the key factors affirming growth.
• North America held the largest share in terms of revenue in 2016 owing to higher level of awareness
pertaining to genomics & proteomics products, well-established R&D infrastructure, and rising funding
initiatives
• Asia Pacific industry is expected to showcase lucrative growth over the forecast period with CAGR
of 11.0%. Presence of established generic industry and API providers in this region coupled with
growing economic stability in some of the countries is expected to propel market growth.
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