PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1441421
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1441421
Global Antisense and RNAi therapeutics Market is valued approximately at USD 3.69 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 18.72% over the forecast period 2023-2030. Antisense and RNA interference (RNAi) therapeutics represent innovative approaches in the field of molecular medicine, aiming to target specific genes implicated in diseases at the level of RNA. Antisense therapy involves the use of synthetic nucleic acid molecules to bind complementary mRNA sequences, thereby inhibiting gene expression or altering splicing patterns. This approach can modulate protein production, making it potentially useful for treating various conditions, including genetic disorders and viral infections. On the other hand, RNAi therapeutics harness the natural cellular machinery to degrade specific mRNA molecules, effectively silencing the expression of target genes. The Antisense and RNAi therapeutics market is expanding because of factors such as increasing incidence of genetic disorders, growing pipeline of antisense and RNAi drugs and increasing investment and funding for therapeutics development.
Antisense technology, known for its efficacy in manipulating gene expression, has emerged as a successful treatment option for various medical conditions. Companies are seizing the opportunities presented by antisense and RNAi technologies, driving advancements in this domain. For instance, in January 2023, Agilent Technologies Inc. committed a significant investment of USD 725 million to bolster the manufacturing capacity of therapeutic nucleic acids. This expanded capability is poised to enable the company to meet the robust demand for small interfering RNA (siRNA) and antisense molecules. Similarly, In March 2023, Switch Therapeutics, a burgeoning biotechnology firm, unveiled its debut after securing USD 52 million in financing. Leveraging its innovative technology called Conditionally Activated siRNA (CASi), the company has crafted a cell-selective gene knockdown platform poised to propel the evolution of the next generation of RNA interference (RNAi) therapies. These advancements signal a notable surge in innovation within the market. In addition, rising development of personalized medicine, increased collaboration and partnerships are some factors creating new opportunities to the market growth. However, the high cost of Antisense and RNAi therapeutics stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Antisense and RNAi therapeutics Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share. The presence of advanced antisense and RNAi therapeutics along with presence of sophisticated healthcare infrastructure in the region. This robust infrastructure has facilitated an upswing in the early screening of rare diseases, consequently fueling an increased demand for antisense and RNAi therapeutics. Europe is expected to grow at the fastest rate during the forecast period. The burgeoning presence of multiple enterprises dedicated to antisense and RNAi therapeutics is poised to propel regional growth throughout the forecast period. These entities are actively engaging in various endeavors to broaden their product spectrum and avenues for business. For example, in March 2023, SciNeuro Pharmaceuticals, a U.S.-based firm, entered into a partnership with Secarna Pharmaceuticals GmbH & Co. KG, headquartered in Europe. This collaboration aims to develop innovative antisense oligonucleotide (ASO) therapies targeting pivotal disease mechanisms in the Central Nervous System. Consequently, the escalating attention from industry stakeholders in different geographical spheres towards the European market is projected to invigorate regional expansion in the foreseeable future.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable