Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Peptide Drug Conjugate Market Size is Expected to Grow from USD 3.14 Billion in 2023 to USD 18.34 Billion by 2033, at a CAGR of 19.30% during the forecast period 2023-2033.
The peptide-drug conjugate (PDC) market is the sector that deals in the research and development, manufacture, and commercialization of peptide-drug conjugates, a drug class that mingles peptides and cytotoxic medicines to promote enhanced targeted drug delivery. PDCs are prepared to increase efficacy and reduce the harmful effects of a drug by employing peptides' selective targeting capabilities at diseased tissues, including tumors, to cut down side effects. Furthermore, the world peptide drug conjugate (PDC) market is fueled by rising cancer incidence, the development of targeted drug delivery, and growing demand for personalized medicine. Increased drug effectiveness, decreased toxicity, and increased R&D expenditures further accelerate the growth of the market. Moreover, advancing biotechnology advancements and favorable regulatory clearances further fuel the development of PDC therapies globally. However, the high development costs, complex manufacturing processes, stringent regulatory approvals, limited clinical success rates, potential toxicity concerns, and challenges in large-scale production and stability are key restraints for the growth of the market.
The pluvicto segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of the product, the global peptide drug conjugate market is categorized into octreoscan, lutathera, pluvicto, illuccix, and others. Among these, the pluvicto segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to its effectiveness in treating advanced prostate cancer, increasing approvals, and rising adoption in oncology. Growing incidence of cancer, strong clinical trial outcomes, and expanding healthcare infrastructure further drive its significant CAGR growth over the forecast period.
The therapeutic segment accounted for the largest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
On the basis of the type, the global peptide drug conjugate market is categorized into therapeutics and diagnostic. Among these, the therapeutic segment accounted for the largest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The segmental growth is due to the rising prevalence of chronic diseases, increasing adoption of peptide drug conjugates in targeted cancer therapies, and ongoing advancements in biotechnology. Growing investments in drug development, expanding clinical trials and high demand for innovative treatment options further drive its remarkable CAGR growth over the forecast period.
North America is projected to hold the largest share of the global peptide drug conjugate market over the forecast period.
North America is projected to hold the largest share of the global peptide drug conjugate market over the forecast period. The regional growth is propagated by the strong presence of key pharmaceutical companies, advanced healthcare infrastructure, and increasing investment in oncology research. The high prevalence of cancer, growing adoption of targeted therapies, favorable regulatory support, and rising clinical trials further drive market growth in the region.
Asia Pacific is expected to grow at the fastest CAGR growth of the global peptide drug conjugate market during the forecast period. The regional growth is attributed to the increasing cancer prevalence, rising healthcare investments, and growing demand for targeted therapies. Expanding biotechnology and pharmaceutical industries, improving regulatory frameworks, increasing clinical research activities, and greater accessibility to advanced treatments further drive the region’s rapid market growth.
Company Profiling
Major vendors in the global peptide drug conjugate market are Novartis AG, AstraZeneca, Oncopeptides AB, Bicycle Therapeutics, Cybrexa, Angiochem Inc., Soricimed Biopharma, Theratechnologies Inc., and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global peptide drug conjugate market based on the below-mentioned segments:
Global Peptide Drug Conjugate Market, By Product
Global Peptide Drug Conjugate Market, By Type
Global Peptide Drug Conjugate Market, By Regional
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