The global peptide synthesis market is anticipated to reach USD 1.41 billion in 2029 from USD 0.81 billion in 2024, with a significant CAGR of 11.7%. The peptide synthesis market is driven by advancements in drug discovery, increased demand for personalized medicine, and the growing use of peptides in therapeutic and diagnostic applications. Additionally, the increasing prevalence of chronic diseases and cancer has spurred innovation in peptide-based drug development. The growth is further propelled by increasing investments in biopharmaceutical R&D and the adoption of advanced technologies such as microwave-assisted synthesis.
The market for peptide synthesis market is competitive, with key players strategizing to capture the majority market share. Prominent players in the peptide synthesis market are Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany), Agilent Technologies Inc. (US), Kaneka Corporation (Japan), GenScript (China), and Bachem Holding AG (Switzerland), among others. The market players have adopted various organic and inorganic growth strategies, such as the development of advanced products, partnerships, agreements, expansions, and acquisitions to strengthen their position in the peptide synthesis market.
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Thermo Fisher Scientific Inc. is one of the dominant players in the peptide synthesis market. The company’s leading position is attributable to its diversified product portfolio, strong geographic presence, and adoption of various growth strategies. The company offers a wide range of peptide synthesis products and services. The company has adopted different growth strategies, such as deals that include agreements, and acquisitions, to maintain its leading position in the peptide synthesis market. The company’s strong customer support and extensive distribution network further solidify the company’s leadership position in the market.
Merck KGaA is a key player in the peptide synthesis market, leveraging its expertise in life sciences and advanced chemical technologies. The company’s Novabiochem product line offers a broad range of high-quality reagents, resins, and building blocks essential for efficient and reliable peptide synthesis. Merck KGaA focuses on innovation supporting advanced techniques such as microwave-assisted synthesis, which significantly improves reaction efficiency and yield. The company’s strategic partnerships and increased investments in biopharmaceutical R&D further enhance its competitive edge in the market. Merck’s strong geographic presence and adoption of growth strategies further contribute to its dominance in the market.
Related Reports:
Peptide Synthesis Market by Reagents (Resins, Amino Acid, Dyes), Instruments (Peptide Synthesizer, Chromatography, Lyophilizer), Technique (Solid-phase, Solution-phase, Hybrid), Services, Application (Therapeutics), End User - Global Forecast to 2029
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