The global rna based therapeutics market size was worth around USD 13.66 billion in 2023 and is predicted to grow to around USD 24.07 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.50% between 2024 and 2032.
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The advancements in biopharmaceutical drug technology have significantly expanded the potential of RNA-based therapeutics in the treatment of a wide range of human diseases. RNA-based therapeutics are becoming increasingly significant in the treatment of numerous disease targets, including HIV, genetic disorders, and various types of cancer. Therapeutic ribozymes, small interfering RNAs (siRNAs), aptamers, and therapeutic ribozymes comprise RNA-based therapeutics, which also highlight the extraordinary utility of RNA.
Cancer prevalence is increasing at an accelerated rate on a global scale. Cancer ranked as the second most prevalent cause of mortality on a global scale in 2018. In the same year, approximately 18.1 million new cases of cancer were diagnosed worldwide, resulting in 9.6 million fatalities. As the incidence of cancer rises, the need for targeted, selective treatment options, including RNA-based therapeutics, increases. The increasing demand for targeted therapy, which has fewer adverse effects than conventional therapy, is the global market driver for RNA-based therapeutics. In addition, expanding government support and funding for research and development, strategic partnerships and funding for research and development, and public-private investments are anticipated to contribute to the expansion of the market.
Additional factors that contribute to the expansion of the RNA-based therapeutics market include technological advancements, including RNA interference technology, SMaRT technology, and antisense technology; a growing geriatric population; an increasing burden of chronic diseases; and rising healthcare expenditures. Nonetheless, the substantial expenditure on research and development for RNA-based therapeutics could potentially impede the expansion of the worldwide market. Alternatively, opportunities may present themselves for manufacturers of RNA-based therapeutics through early commercialization of pipeline therapeutics and emerging markets, which provide a means to obtain a competitive edge.
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The Global RNA Based Therapeutics Market is segmented based on product, application and region
Global RNA Based Therapeutics Market: Product Segment Analysis
● Enabling Technology
● Enabled Technology
Global RNA Based Therapeutics Market: Application Segment Analysis
● Research
● Therapeutics
● Diagnosis
● Others
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The global RNA Based Therapeutics market profiles key players such as:
● Quark Pharmaceuticals
● Alnylam Pharmaceuticals
● Dicerna Pharmaceuticals
● Tekmira Pharmaceuticals
● Benitec Biopharma
● Genzyme Corporation
● Ionis Pharmaceuticals
● Silence Therapeutics
● Cenix BioScience
● Sirnaomics
Market for RNA-Based Therapeutics: A Regional Assessment
The regional segment comprises present and projected demand for the following regions: North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. It is additionally subdivided into significant countries such as the United States, Germany, France, United Kingdom, China, Japan, India, and Brazil.
In 2018, the revenue share of North America in the global RNA-based therapeutics market was approximately 40%. The expansion of the North American RNA-based therapeutics market is propelled by the presence of key market participants, rising investments in RNA-based therapeutics research, favourable government funding policies, the availability of developed research infrastructure, and developments in RNA platform technologies. It is anticipated that the Asia-Pacific market for RNA-based therapeutics will present the main players with numerous growth opportunities.
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