The research report “Global Peptide Synthesizers Market By Application (Vaccines, Oncology, and Others), By Product (Reagents and Peptide Synthesizers), By End User (Pharmaceutical and Biotechnology Companies, CDMO/CRO, and Academic Research Institutes), and Geography – Global/Region/Country Forecast to 2027″, The Global Peptide Synthesizers market was valued at US$ 415.38 Mn in the year 2020 and is anticipated to grow US$ 12.46 Mn by 2027 at a CAGR of 17% during the forecast period 2021-2027.
Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on ” Global Peptide Synthesizers Market By Application (Vaccines, Oncology, and Others), By Product (Reagents and Peptide Synthesizers), By End User (Pharmaceutical and Biotechnology Companies, CDMO/CRO, and Academic Research Institutes), and Geography- Global/Region/Country Forecast to 2027″.
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Increase in use of Peptides as Pharmaceutical drugs will foster the market.;
Global peptide synthesizers market is recording high CAGR during forecast period due to the huge usage of peptides in the pharmaceutical drugs. The global peptide synthesizers market will witness huge growth during the forecast period due to several prominent factors such as increasing use of peptides in pharmaceutical drugs, increasing focus on research activities, growing occurrences of chronic illnesses like obesity, diabetes and cancer and the availability of funding for R&D. All these factors will greatly contribute towards the growth of the peptide synthesizers market. A few other leading factors driving the revenue growth of the market are emerging pharmaceutical and biopharmaceutical industries and growing cases of diabetes, obesity and cancer patients. Apart from all these major market growing factors, peptides are used as potent active pharmaceutical ingredients as they are active and highly specific drug substances. Because of their high specificity, low toxicity, high biological activity, ready availability and huge chemical space, they are used as efficient pharmaceutical ingredients and will impel the market growth over the forecast years during 2021-2027.
Impact of COVID-19 Peptide Synthesizers Market:
In addition, the report discusses the implications of COVID-19, including the industry’s initial response and strategies for ensuring business continuity in the coming years.
North America became the huge revenue share obtainer in Global Peptide Synthesizers Market
North America obtained huge revenue share in the market recording considerable CAGR. There are several factors that are driving the market growth in this region such as huge adoption of new technologies, presence of a huge number of key players and advancements in technology in the region. Furthermore, a few other factors that contribute greatly in fuelling the peptide synthesizers market growth are growing research as well as development activities and growing investments by both the biotechnology and pharmaceutical industries.
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This comprehensive market report presents thorough insights into competitor’s overview, key market developments, company share analysis and key strategies followed by the key players. A few of the prominent key players operating in the global peptide synthesizers market include CS Bio Company, Inc., Biotage AB, Gyros Protein Technologies AB, AAPPTec, CEM Corporation, Intavis Bioanalytical Instruments AG, Activotec and MultiSynTech GmbH. Industry players are giving more focus on innovation of new product launchings as well as following collaborating strategies to strengthen the market position in the market. Global Peptide synthesizers market is surging because of the strategic acquisitions as well as collaboration by the industry players. For example, CEM Corporation launched the automated microwave peptide synthesizer called the Liberty PRIME in the year 2018.
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