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REPORT DESCRIPTION
Key takeaways of the Peptide Therapeutics Market:
• The global peptide therapeutics market is expected to expand at a CAGR of 9.1 % during the forecast period( 2018 – 2026), owing to increasing technological advancement in peptide therapeutics by various key players.
• Among type segment, branded therapeutic peptide is expected to witness significant growth in peptide therapeutics market, owing to increasing investment by various key manufacturers in research and development( R & D) for the development of branded or innovative peptide drugs and high prescription rate.
• Cancer holds major market share in application segment due to increasing prevalence and incidence among global population. In addition, increasing adoption of peptide therapeutics in cancer treatment, growing awareness among the patients and healthcare professionals regarding adverse effects of chemotherapy and growing need towards alternative therapeutics such as peptide-based drugs, will further drive the cancer segment of peptide therapeutics market.
• Parenteral administration holds largest market share in route of administration segment, owing to easy and increased absorption of peptide drugs into the patient’ s body. According to the Drug Discovery Today, January 2015 data findings, majority( 75 %) of the peptide drugs are administrated by parenteral route.
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