Medical research is a dynamic thing. The medical science continuously makes progress for the well-being of the society. Newest types of drugs are revolutionizing the ways of treatment and peptide-based drugs truly make it to the list. Several factors contribute to the growth of the global peptide drug conjugate clinical trial market. The number of patients who are battling chronic diseases like cancer, diabetes, obesity and osteoporosis are on a rise and this helps this market grow. The demand for affordable yet effective drugs has gone up in countries with low per-capita income and this is forcing several pharma and drug manufacturers to conduct clinical trials regarding peptide-based drugs.
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The growth of the global peptide drug conjugate clinical trial market witnessed a massive boost in the times of the COVID-19 pandemic. Many leading drug makers were finding new ways of curing the life-threatening SARS-CoV-2 and this is why the research activities and clinical trials went up.
Many factors are driving the growth of the global peptide drug conjugate clinical trial market. One of them is definitely the rise in demand regarding the treatment of cancer. People are preferring peptide-based drugs more than conventional chemo and radiation therapy. While it is extremely affordable, it is also very effective. Also the fact that, compared to the last decade, people today are more aware about various types of cancers contribute to this market’s growth.
Meanwhile, many countries are still sceptical about approving peptide-based drugs and this plays a huge restraining factor in the growth of the global peptide drug conjugate clinical trial market.
Despite red flags from various nations, the global peptide drug conjugate clinical trial market is forecasted to grow rampantly over the forecast period. Many countries are sanctioning huge amounts of funds for cancer research and this means for clinical trials of the peptide-based drugs.
The global peptide drug conjugate clinical trial market is expected to witness CAGR of 25.1% over the forecast period (2022 – 2030).
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By Indication, Cancer Segment will witness fastest growth for The Global Peptide Drug Conjugate Clinical Trial Market in 2022
Consumption of carcinogenic products along with unhealthy lifestyle is causing a rise in cancer patients. Not everyone can afford treatments like chemo and radiation therapy and this is where peptide-based drugs would prove helpful to them. Also the fact, that these treatments are likely to have lesser side-effects.
Asia Pacific Region is Expected to Witness Fastest Growth Over the Forecast Period (2022 – 2030) in the Global Peptide Drug Conjugate Clinical Trial Market
Countries with maximum population on this planet, India and China have numerous drug manufacturers. Also the governments are sanctioning enormous amounts towards finding affordable treatment for cancer and other chronic diseases. The drives the growth of this market in the region.
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A few of the players operating in the global peptide drug conjugate clinical trial market are listed below:
- Bicycle Therapeutics
- Esperance Pharmaceuticals
- Innovasium Soricimed Biopharma
- PepGen Ltd
- Theratotechnologies Inc.
- Other Market Participants
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Global Peptide Drug Conjugate Clinical Trial Market Segmentation
Global peptide drug conjugate clinical trial market has been segmented by phase, indication which are further classified into respective countries:
Global Peptide Drug Conjugate Clinical Trial Market Phase Outlook (Revenue, USD Million, 2021 - 2030)
- Phase 1
- Phase 2
- Phase 3
Global Peptide Drug Conjugate Clinical Trial Market Indication Outlook (Revenue, USD Million, 2021 - 2030)
- Breast Cancer
- Prostate Cancer
- Lung Cancer
- Metastatic Endometrial Cancer
- Epithelial Ovarian Cancer
Global Peptide Drug Conjugate Clinical Trial Market Regional Outlook (Revenue, USD Million, 2021 - 2030)
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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