The growing popularity and rising demand for peptide-based drugs, specifically the GLP-1 peptide drugs, have garnered the attention of stakeholders to further invest in research and developments of peptides.
Peptides represent one of the fastest growing segments of the pharmaceutical industry. This can be attributed to the rapidly growing pipeline of peptide-based therapeutics, driven by the need for effective and personalized pharmacological interventions.�
The global�peptide synthesis market�size is estimated to grow from USD 2.8 billion in 2024 to USD 5.1 billion by 2035, representing a CAGR of 5.5% during the forecast period 2024-2035.
There has been a significant rise in the partnership activity in the peptide synthesis industry; majority of the collaborations were inked specifically for peptide API manufacturing. It is worth noting that over the past few years, an inconsistent trend in partnership activity in this domain has been observed. However, a significant increase has been witnessed in 2023 (till October), wherein 11 agreements were signed in peptide synthesis domain. Notable examples of recent agreements include (in reverse chronological order) those signed between PolyPeptide and Peptide Sciences Laboratory of the University of KwaZulu-Natal (UKZN) (October 2023), AmbioPharm and CombiGene (September 2023) and Otsuka Chemical and Yokogawa Electric (March 2023). Manufacturing agreements emerged as the most popular type of partnership model adopted by companies in this domain; 15 such agreements have been signed during the given time period. This is followed by acquisitions (6), service alliances (4) and technology integration / utilization agreements (4).
To keep pace with the growing demand for peptides, companies have made significant investments to expand their facilities and capacities. In order to keep up with the growing business requirements, service providers are heavily investing in either expanding their existing facilities / capacities or constructing / acquiring new facilities in other geographies. More than 75% of the expansion initiatives undertaken in this domain were reported in 2023. This can be attributed to the rising demand for peptide-based drugs and preferred choice of outsourcing. It is important to note that majority of the expansion occurred at facilities based in North America; of these, 67% are instances of new facility establishment and capacity expansions.
The domain has witnessed a gradual increase in clinical research activity over the given time period. It is worth highlighting that the number of clinical trials for peptide therapeutics witnessed a notable increase from 2021 (96) to 2022 (163). This can be attributed to the incessant efforts of several industry / non-industry players that are actively evaluating peptide therapeutics for the treatment of a myriad of disease indications. Furthermore, majority of the centers in all the regions are focused on evaluating peptide therapeutics for metabolic disorders, followed by oncological and kidney disorders. Further, it is worth highlighting that presently, the maximum number of clinical trials related to the treatment of cardiovascular disorders are conducted in North America.
Research Methodology
Our analysts have performed an accurate examination of the various aspects of the global market leveraging avant-garde primary and secondary sources of data collection. The report has gathered the necessary data and information from several reliable sources. Additionally, the report offers many strategic recommendations for companies involved in this ever-growing business sector to help them attain a competitive edge in the Peptide Synthesis Market.
Thank you for reading our report. Kindly get in touch with us to know more about the report or to receive a customized copy of it. Our team will ensure the report is tailored according to your needs.�
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To improve your site performance as well as to not waste shoppers’ time with your e-store, using filters is the most basic way to provide this on any site. In today’s article, we will talk about faceted search - a method that creates a user-friendly interface for any product discovery. �
Faceted search or facet navigation provides customers a smart and logical interface so they can understand what is available. In other words, this structure helps consumers refine search results to get their desired products easily by selecting the facet options. �However, people sometimes interchange the two terms ‘faceted search’ and ‘filters’. Similarly, both of them analyze a large set of content and help exclude any items that do not match the criteria. The important difference here is that faceted search provides multiple filters at the same time, and each filter represents one aspect of the content.�
Filters are a good starting point to get around your store, but facets will enable shoppers to get closer to their preferred choices. Let's see how faceted navigation improves your website.
A study indicated that�27%�of shopping session failures are results of not being able to find the right products on the site, which means business owners lose one-third of potential sales. Take a look at the key advantages that this method could help your site with.�
With faceted search, customers do not have to scroll through catalog pages and look at never-ending product lists just to find a desirable one. Hence, your site navigation becomes considerably more convenient.�
Related:�6 Ways to Build Best Web Navigation and Site Search 2021
Faceted navigation offers shoppers a chance to play with filters smartly. It uses the metadata of your products - for example, product type, SKU, title, and tags, so customers can easily find what they need with a few clicks. Let's say you would love to buy some men's shoes. You stumble upon ShopSM and type in the keyword ‘shoes’ in the search box. Over 2,600 results for shoes show up - which is overwhelming. Luckily, you spot that you can drill down your results with the various facets on the left. Instead of browsing through thousands of shoes, you now easily find out your favorite ones based on vendors, colors, and prices.� �
The goal of faceted navigation is to improve the shopping experience by allowing shoppers to locate their preferred products within milliseconds. Consumers can know exactly where they end up with their selected filter options. Therefore, e-merchants can maximize the chances of conversions and speed up customers' buying decisions. Here are 4 key tactics for you to make the most of faceted search.�
Most facets are placed as filters, and some of them are more widely used than others. According to�Baymard, the top 5 essential filter types that should be available on most eCommerce stores are:
80%�of online customers try to filter product lists by price. They usually have an idea of a suitable budget for their purchases. Whether customers apply a Price filter first or after tailoring the product list with other filters, most will only want to consider affordable items. �
Many shoppers are brand conscious, and they tend to seek out well-known names when drowning in products that they have never experienced, especially in the cosmetics and apparel industry. For single-brand sites, on the other hand, a brand filter might be irrelevant. In this case, you should consider adding a sub-brand filter that allows shoppers to filter by product types or any distinctive product features. �
In a recent study,�45%�of participants said that users' reviews and ratings are one of the primary reasons for online shopping. Surprisingly,�53%�of online stores do not let customers filter product lists by ratings.�
In fact, many consumers do not feel comfortable making assessments by themselves, so they rely on ratings as a surrogate for excellent quality or value for money. As a result, when they are unsure which products are appropriate, they want to use other customers’ ratings to filter out bad products. �
Size is an important attribute for many industries as customers can quickly exclude unsuitable items to focus on variants that match their demands. For some product types, size filters might be replaced by filters for different dimensions, such as width and height. These filters would be especially common where the products have to fit into a specific space, such as kitchen appliances. �
Needless to say, color seems to be the most popular product variation. Countless customers, of course, have strong preferences for certain colors, and would never consider goods in other shades.�
Without a color filter, getting a product in the colors that a customer is interested in purchasing would be impossible, and the lists would be cluttered with items in unwanted shades. �
Allowing customers to select several filter option values at once is a smart idea as they can save tons of time re-loading the browser and website. For instance, someone might be searching for clothing in various colors but only want to see items in a specific size. This functionality helps online shoppers generate a tailored catalog based on their unique criteria. Therefore, they can browse the most relevant clothes available and choose from a few final options (rather than thousands), which significantly improves the consumer experience. �
Did you know that�46%�of eCommerce stores do not offer thematic filters?
These are filters that bring together a variety of products that would be unrelated. ‘Seasonal specials’, "best value," and "casual style" are just a few examples of filters that might contain products from all categories with a variety of unique qualities. For more useful tips, check out our article about faceted search.�
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Aircraft Cleaning Service Providers�are specialized companies that handle the cleaning and maintenance of aircraft interiors and exteriors. Their services are crucial for ensuring that planes are hygienic, visually appealing, and in compliance with industry standards. Here’s a rundown of what these providers typically offer:
Interior Cleaning:
Exterior Cleaning:
Specialized Cleaning:
Turnaround Services:
Aircraft cleaning service providers are essential for maintaining the safety, comfort, and appearance of aircraft, ensuring that they are ready for safe and pleasant passenger experiences.
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