Pharmaceuticals

Global Biosimilar Therapeutic Peptides Market Outlook, Opportunities And Strategies

November 29, 2021 by The Business Research Company

Learn about the global biosimilar therapeutic peptides market through The Business Research Company, which provides information on biosimilar therapeutic peptides market size, biosimilar therapeutic peptides market drivers and restraints, biosimilar therapeutic peptides market players, the COVID-19 impact on the biosimilar therapeutic peptides market, and more.

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The global biosimilar therapeutic peptides market is expected to grow from $0.76 billion in 2020 to $0.87 billion in 2021 at a compound annual growth rate (CAGR) of 14.5%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The biosimilar therapeutic peptides market is expected to reach $2.25 billion in 2025 at a CAGR of 27%.

The increasing aging population is expected to drive innovation in biosimilar therapeutic peptides manufacturing, thus driving the market during the forecast period.

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The biosimilar therapeutic peptides market consists of sales of biosimilar therapeutic peptides by the companies that are engaged in developing and commercialization of biosimilar peptides drugs for therapeutic applications. Peptide drugs are used as replacement therapies which supplements peptide hormones when the endogenous levels tend to decrease. Biosimilar therapeutic peptides find its application in the treatment of cardiovascular diseases, metabolic diseases, respiratory conditions, cancer, and respiratory diseases.

Global biosimilar therapeutic peptides market segments include:

By Route Of Administration: Parenteral Route, Transdermal Route, Others

By Application: Cancer, Cardiovascular, Central Nervous Systems, Metabolic Disorders, Infection, Hematological Disorders, Gastrointestinal Disorders, Dermatology, Respiratory Disorders

By Type: Innovative, Generic

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

During the historic period, biosimilar therapeutic peptides market witnessed a growth in research collaborations as well as research funding approvals. Key companies are focusing on collaborations with companies and organizations to enhance their research & developments, expand their product portfolio, and geographical reach.

TBRC’s biosimilar therapeutic peptides market report covers:

Major Market Players: Eli Lilly, Sanofi, Takeda Pharmaceuticals, Teva Pharmaceuticals, Pfizer Inc., Amgen Inc., AstraZeneca PLC, GlaxoSmithKline (GSK), Novartis AG, and Novo Nordisk A/S.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Biosimilar Therapeutic Peptides Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides biosimilar therapeutic peptides market overviews, analyzes and forecasts market size, share, biosimilar therapeutic peptides market players, biosimilar therapeutic peptides market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s biosimilar therapeutic peptides market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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