The Peptide Therapeutics market refers to the segment of the healthcare industry that is involved in the production, distribution, and sale of Peptide Therapeutics products. The market includes a range of antiseptic agents, including chlorhexidine, povidone-iodine, alcohol, and hydrogen peroxide, as well as different forms such as solutions, gels, and wipes.
The Peptide Therapeutics market is driven by factors such as the growing incidence of hospital-acquired infections, increasing awareness about infection control, and the rise in the number of surgical procedures performed globally. In addition, the COVID-19 pandemic has further increased the demand for Peptide Therapeuticss, especially alcohol-based hand sanitizers, as people have become more conscious about hand hygiene.
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Peptide Therapeutics Market Regional Analysis–
The Peptide Therapeutics market is a global market that is segmented based on the type of animal source, application, and geography. Geographically, the market is analyzed across four major regions: North America, Europe, Asia Pacific, and Rest of the World.
North America is the largest market for Peptide Therapeutics due to the high prevalence of diabetes in the region. The increasing awareness about diabetes management and the availability of advanced healthcare facilities in this region are also driving market growth.
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Europe is the second-largest market for Peptide Therapeutics, with a significant contribution from countries such as Germany, France, and the UK. The rising prevalence of diabetes, increasing geriatric population, and government initiatives promoting diabetes management are the major factors driving market growth in this region.
The Asia Pacific region is expected to grow at a significant rate due to the large population base, increasing prevalence of diabetes, and improving healthcare infrastructure. Countries such as China, India, and Japan are the major contributors to the growth of the Peptide Therapeutics market in the region.
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Key findings of the study
• By application, the metabolic segment was the highest contributor to the peptide therapeutics industry in 2021.
• By route of administration, the parenteral segment was the highest contributor to the peptide therapeutics industry in 2021.
• Depending on distribution channel, the hospital pharmacies segment was highest contributor in 2021, and is expected to continue this trend during the forecast period.
• Region wise, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
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