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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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