Industry Background:
RNA based therapeutics have generated significant attention in recent years owing to their potential to treat a variety of chronic diseases such as diabetes, cancer, tuberculosis, and some cardiovascular conditions and rare diseases, and address targets that have proven to be intractable to antibody and small-molecule methodologies. RNA based therapeutics are poised to become successful commercial products, but extensive adoption across the bio pharmaceutical industry will likely take a few more years.This growth is primarily driven by Increasing Strategic Alliances and Funding and Rising Prevalence of Chronic Diseases across the Globe.
Globally, a noticeable market trend is evident Technological Developments Driving the RNA Based Therapeutics
. Major Players, such as Quark Pharmaceuticals, Inc. (Israel), Alnylam Pharmaceuticals, Inc. (United States), Dicerna Pharmaceuticals, Inc. (United States), Arbutus Biopharma (Canada), Benitec Biopharma Limited (Australia), Genzyme Corporation (United States), Silence Therapeutics PLC (United Kingdom), Sirnaomics, Inc. (United States), BioNTech AG (Germany) and CureVac AG (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 28 May, 2019 - Silence Therapeutics, PLC a leader in the discovery, development and delivery of novel RNA therapeutics for the treatment of serious diseases, has announced that it has entered into a collaboration with Genomics England Limited for the investigation of novel targets involved in human disease.
Regulatory Insights:
On August 10, 2018, the U.S. Food and Drug Administration today approved Onpattro (patisiran) infusion for the treatment of peripheral nerve disease (polyneuropathy) caused by hereditary transthyretin-mediated amyloidosis (hATTR) in adult patients. This is the first FDA-approved treatment for patients with polyneuropathy caused by hATTR, a rare, debilitating and often fatal genetic disease characterized by the buildup of abnormal amyloid protein in peripheral nerves, the heart and other organs. It is also the first FDA approval of a new class of drugs called small interfering ribonucleic acid (siRNA) treatment.
Market Drivers
- Increasing Strategic Alliances and Funding
- Rising Prevalence of Chronic Diseases across the Globe
Market Trend
- Technological Developments Driving the RNA Based Therapeutics
- Growing Adoption of Virtual Drug Development Models
Restraints
- Difficulties in Drug Delivery
Opportunities
Early Commercialization of Pipeline Therapeutics Assists to Gain Competitive Benefit
Challenges
Threat of Failure and High Cost of Research
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, RNA Based Therapeutics Study Sheds Light on
The RNA Based Therapeutics Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the RNA Based Therapeutics industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where RNA Based Therapeutics industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.