Global Refurbished Peptide Synthesizers Market was Valued at US$ XX Mn in 2018, Surge in Interest Towards Protein And Peptide Drugs
Analyst Speak:
"The Global Refurbished Peptide Synthesizers Market was valued around US$ XX Mn by 2018 and growing at a significant CAGR over seven years forecast period 2019-2025 owing to grow in incidence of refurbished peptide synthesizers around the globe."
Precision Business Insights (PBI) in its report titled "Global Refurbished Peptide Synthesizers Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024" assesses the market performance over seven years forecast period over 2018-2024. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The global refurbished peptide synthesizers market was valued at US$ XX Mn in 2018 and increasing at a significant CAGR over the forecast timeframe owing to surge in the interest towards protein and peptide drugs, incidence of chronic diseases where there is no cure with conventional drugs, increase in research activities and availability of funding for R&D, the development of advanced peptide synthesizers, and advanced healthcare services are expected to drive the global refurbished peptide synthesizers market. However, lack of integrated set of regulations for therapeutic peptides, high cost of development and maintenance, are anticipated to hinder the revenue share of global refurbished peptide synthesizers market.
Global refurbished peptide synthesizers market segmented on the basis of product type, technology, end user, and region
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Reagents Dominates the Global Refurbished Peptide Synthesizers Market
Based on the type of product, global refurbished peptide synthesizers market segmented into Reagent, Synthesizer, and Chromatography. Reagents dominated the global refurbished peptide synthesizers market in 2018 and estimated to dominate over the forecast period owing to increasing applications of peptides in therapeutics, increasing research on drug design, and gene synthesis, rising research projects involving peptide synthesis, the availability of various peptide synthesis reagents in the market, innovation of newer protein and peptide drugs by the companies, rise in awareness about the refurbished peptide synthesizers among the people, and patent filings by the market players are surge the market over the forecast years. However, a slow growth rate observed for the chromatography due to the presence of less number of products and not showing much interest on these products.
North America Leads the Global Refurbished Peptide Synthesizers Market
PBI's global refurbished peptide synthesizers market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America accounted for larger revenue share through 2013-2017 and expected to dominate over 2018-2024 owing to advance healthcare system, rise in healthcare expenditure, Increase in prevalence of cancer and other chronic diseases, rise in R&D activities for the development of refurbished peptide synthesizers, and rise in awareness about the refurbished peptide synthesizers among the healthcare professionals in U.S. and Canada are propel the market. Asia Pacific refurbished peptide synthesizers market projected to exhibit significant growth due to entry of market players into emerging countries such as India and China and development in healthcare infrastructure are boost the market
Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players
Global refurbished peptide synthesizers market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
Key player's profiles in the report are
· Advanced ChemTech (US)
· AAPPTec (US)
· AnaSpec (US),
· Bachem (Switzerland)
· Biotage (Sweden)
· CEM Corporation (US)
· GenScript Biotech Corporation (China)
· Gyros Protein Technologies (Sweden)
· Merck KGAA (Germany)
· New England Peptide (US)
Detailed Segmentation
By Product Type
o Reagents
o Peptide Synthesizers
o Chromatography equipment
By Technology
o Solid-phase Peptide Synthesis
o Liquid-phase Peptide Synthesis
o Hybrid & Recombinant Technology
By End User
o Pharmaceutical and Biotechnology Companies
o Contract Research Organizations
o Academic and Research Institutes
Geography
o North America
· U.S
· Canada
o Europe
· Germany
· France
· U.K
· Italy
· Spain
· Russia
· Poland
· Rest of Europe
o Asia-Pacific
· Japan
· China
· India
· Australia & New Zealand
· ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
· South Korea
· Rest of Asia-Pacific
o Latin America
· Brazil
· Mexico
· Argentina
· Venezuela
· Rest of Latin America
o Middle East and Africa (MEA)
· Gulf Cooperation Council (GCC) Countries
· Israel
· South Africa
· Rest of MEA
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