According to the latest report by IMARC Group “Peptide Therapeutics Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global peptide therapeutics market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 7% during 2021-2026.
Peptides are selective signaling molecules that bind to specific cell surface receptors, such as G protein-coupled receptors (GPCRs) or ion channels, and trigger intracellular effects. They are extensively utilized in the pharmaceutical industry to design regenerative therapeutics that target a wide range of cells and influence their responses. Peptide therapeutics are less toxic, well-tolerated, and relatively safer than other treatment options. As a result, they are gaining traction in clinical practices for managing cancer, infectious diseases, metabolic disorders, injuries, etc.
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The escalating prevalence of chronic diseases and improving access to medical facilities are positively influencing the peptides market. Furthermore, peptide therapies are also utilized in cosmeceutical surgeries to slow down the process of skin aging, which is catering to the growing consumer consciousness towards physical appearance. Apart from this, with the emergence of novel synthetic strategies that minimize injection frequency and improve stability, peptide therapeutics are being extensively used in injections for diabetic patients. Moreover, the rising trend of personalized and targeted treatments is further bolstering the demand for multifunctional peptide-based materials. This, along with the increasing funding to develop new peptide therapeutics for treating inflammatory autoimmune diseases, is expected to fuel the market growth in the coming years.
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