The Care Coordination And Management Applications Market, in the next 10 years, is expected to substantiate. Hospital decision support solutions are being floated, and the status quo is expected to stay the same even going forward. Herein, value propositions are made to the society on the whole and patients in particular by the government, private insurance companies, and social security organizations working in unison. As such, the healthcare industry is expected to witness a good number of clinical outcomes in the forthcoming period.
About the Report
Peptones are protein hydrolysates most preferably used in cell culture as a growth supplement. Protein supplements play an important role in cell culture media optimization, in both, mammalian and microbial cell culture processes. Peptones have been successfully used to improve the production of biosimilars, vaccines, and monoclonal antibodies.
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Growing burden of several lifestyle and chronic diseases is creating huge demand for new biologics.
Peptones play an important role in the optimization of cell culture processes, hence, accelerate biologics production to meet global demand. Leading manufacturers such as Thermo Fisher Scientific, Inc., Merck KGaA, HI Media Laboratories, and Becton, Dickinson and Company are focusing on the global distribution of their products through acquisition, collaboration, and partnership activities. Emergence of e-Commerce has also increased the accessibility of peptone products from key manufacturers.
In its new study, Persistence Market Research offers insights about key factors driving the demand for peptone. The study points toward peptone from animal source being the most sought-after. Biopharmaceutical companies hold more than half of the market share, globally.
The report also tracks global sales of peptone in over 20 high-growth markets, along with analysis of the impact of COVID-19 on the life science industry in general, and peptone in particular.
The COVID-19 pandemic had an impact on the peptone market in 2020 due to low availability of manpower, shut downs, and shifted focus toward COVID-19 research by biopharmaceutical companies. However, demand for these supplements increased in the latter stage of the pandemic. The supply chain crisis during lockdowns led to a halt in sales; however, sales resumed without adversely impacting the market in a big way.
Companies
- HiMedia Laboratories
- Merck KGaA
- Thermo Fisher Scientific Inc.
- Biospringer
- BD.
- Hardy Diagnostics,
- Solabia Group
- Global Bioingredients,
- Kerry Inc
- Organotechnie
- Nu-Tek BioScience, LLC.
- Biotecnica
What is the demand scenario for peptone in the future?
Process and media optimization play an important role in the large-scale manufacturing of potent biopharmaceuticals. Unlike microbial cell culture, mammalian cells have been found to be difficult for high yield and process optimization. Use and demand for protein supplements such as peptones have been exponentially rising in the last few years.
Moreover, increasing focus on academic cell culture research and industrial research has created a gateway for manufacturers in the peptone supplements market. Peptones have advantages such as cost-effectiveness in the manufacturing and bulk production of biopharmaceuticals and antibodies. Peptone, as a supplement for cell culture, has revolutionized the biopharmaceutical manufacturing industry in developing therapeutics and novel biologics.
Rapid growth of biotechnology research is expected to boost demand for peptone during the forecast period of 2020 to 2030. Demand for biologics and growing preference for animal-free peptones are anticipated to transform the future of the biopharmaceutical industry.
All these factors are expected to create opportunities for the expansion of the peptone market size over the forecast period, projected to expand at a CAGR of over 4% through 2030.
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What is the impact of market consolidation on peptone demand?
Leading players in the peptone market are employing synergistic approaches for the distribution and manufacturing of products through various market consolidation activities. These synergies between companies are expected to help secure the future growth of partner companies and maintain their market share. Besides, key acquisitions will bolster research growth and development of new technologies to be implemented in bioprocess services.
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How is rising burden of life-threatening diseases aiding market growth?
Increasing life-threatening viral and chronic diseases all over the world have led to a surge in demand for novel therapeutics in order to prevent and cure the affected population. Biopharmaceutical products are preventative medicines or therapeutics that are derived from the metabolites naturally present in living organisms.
Peptones are used as a protein supplement in cell culture and fermentation processes in order to produce novel biopharmaceutical products. Further, growing chronic disease population and increasing demand for novel therapeutics are factors expected to propel demand for peptone over the coming years.
- For instance, according to WHO in 2002, burden of chronic disease was around 43% of all diseases globally, and their contribution to death was 60%. However, by 2020, it was estimated that, death rate due to chronic disease will rise to 73%, and the burden will be around 60%.
Moreover, increasing economic prosperity and health consciousness would also fuel global demand for peptone.
What is the impact of investments in manufacturing facility expansion on the peptone market?
Majority of companies are looking forward to expanding their production capacity through expansion of manufacturing facilities. Considerable investments in the expansion of biopharmaceutical products such as peptone manufacturing is one of the major trends among key players in the market.
In order to produce high-quality culture media and substances to meet global demand, leading players are increasingly focusing on ramping up their capacity to produce ready prepared cell culture products.
- For instance, in October 2020, Nu-Tek BioScience got approval for the development of a manufacturing facility in North America, in order to fortify its animal-free peptone production capacity.
Increasing investments in manufacturing capacity expansion are expected to favor the growth of the peptone market over the forecast period.
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