Oral proteins and peptides market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 1,786.87 million by 2028 growing at a CAGR of 10.12% in the above-mentioned forecast period. The growing awareness amongst the physicians and patients regarding the benefits of oral proteins and peptides which will further create lucrative opportunities for the growth of the market.
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Oral protein and peptides are an important class of medicines that are used to treat diseases including hormonal, gastric, and metabolic disorders via the oral path. Oral proteins and peptides have a major potential for improving human health and are used in the treatment of a variety of diseases. Oral protein and peptides are used in many chronic disease, diabetes and others.
Key Growth Drivers:
Surging volume of patients suffering from chronic diseases, increasing prevalence of geriatric population across the globe, increasing preferences of the consumer towards oral drugs, rising demand for effective drugs and technology, rise in collaborative efforts between pharmaceutical companies, surging levels of investment for the development of the healthcare infrastructure are some of the major as well as vital factors which will likely to augment the growth of the oral proteins and peptides market in the projected timeframe of 2021-2028. On the other hand, increasing purchasing power of the people along with growing number of research and development activities by the pharmaceutical companies which will further contribute by generating massive opportunities that will lead to the growth of the oral proteins and peptides market in the above mentioned projected timeframe.
High cost associated with drug development along with low availability of the product which will likely to act as market restraints factor for the growth of the oral proteins and peptides in the above mentioned projected timeframe. Lack of awareness among the people in developing economies which will become the biggest and foremost challenge for the growth of the market.
The report outlines the involvement of key players, including:
Biocon.; Chiasma, Inc.; Diabetology Ltd; Generex Biotechnology Corp.; Novo Nordisk A/S; Tarsa Therapeutics, Inc.; Sanofi; F. Hoffmann-La Roche Ltd; Synthetic Biologics, Inc.; Hovione; Novartis AG; Zydus Cadila.; Johnson & Johnson Services, Inc.; Abbott.; Pfizer Inc.; AstraZeneca; AbbVie Inc. North Chicago; Abeona Therapeutics Inc.; Amgen Inc.; Bayer AG; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Key Market Segmentation
- Based on drug type, the oral proteins and peptides market is segmented into linaclotide, plecanatide, calcitonin, insulin, and octreotide.
- Oral proteins and peptides market has also been segmented based on the end user into hospital, pharmaceutical company, and others.
- Based on product type, the oral proteins and peptides market is segmented into low molecular weight iron dextran, ferric gluconate, iron sucrose, and ferric carboxyl maltose.
- On the basis of application, the oral proteins and peptides market is segmented into gastric and digestive disorders, bone diseases, diabetes, and hormonal disorders.
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