RNA Medicine Market Scope
The factors driving the market expansion are an increase in chronic diseases and disorders as well as the popularity of personalised treatments. Drug administration via ribonucleic acid interference (RNAi) is a therapeutic approach to track changes in gene expression. The most common ways to administer RNAi medications include intravenous, intradermal, intraperitoneal, and topical routes of administration. It makes use of pulmonary, nucleic acid, aptamer, and nanoparticle drug delivery techniques. These technologies are also employed in the study of eukaryotic gene functions and the creation of therapeutic methods for gene silencing. In order to treat infectious diseases, long-term metabolic problems, cardiovascular, neurological, urological, oncological, and ophthalmological disorders, RNAi drug delivery is frequently employed.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Pfizer (United States), Sarepta Therapeutics (United States), Quark (United States), RXi (United Kingdom), Senesco (United States), Roche (Switzerland), Ionis Pharmaceuticals (United States), Moderna (Europe), Sanofi-Aventis (France), Abbott Laboratories (United States), BioNTech (Germany), Tekmira (Canada), Alnylam Pharmaceuticals (United States), Arrowhead Pharmaceuticals (United States) and Benitec Biopharma (United States) |
CAGR | % |
The market for the RNA Medicine is highly competitive and dominated by few key player. The market has a vendor landscape that is extremely competitive. A number of businesses are also taking part in significant mergers and acquisitions as part of crucial plans to increase their market share globally. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global RNA Medicine market throughout the predicted period.
Pfizer (United States), Sarepta Therapeutics (United States), Quark (United States), RXi (United Kingdom), Senesco (United States), Roche (Switzerland), Ionis Pharmaceuticals (United States), Moderna (Europe), Sanofi-Aventis (France), Abbott Laboratories (United States), BioNTech (Germany), Tekmira (Canada), Alnylam Pharmaceuticals (United States), Arrowhead Pharmaceuticals (United States) and Benitec Biopharma (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Calimmune Inc (United States), Dicerna (United States), Gradalis (United States), Silence Therapeutics (United Kingdom) and Silenseed (Israel).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global RNA Medicine market by Type , by Application (Cancer, Diabetes, Genetic Disorder, Cardiovascular Diseases and Others) and Region with country level break-up.
On the basis of geography, the market of RNA Medicine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On June 2021, The Tampa, Florida-based, privately held Trasir Therapeutics, Inc. ("Trasir"), a pioneer in extrahepatic oligonucleotide delivery, has been acquired by Auris Medical Holding Ltd. (NASDAQ: EARS), a clinical-stage company committed to developing therapeutics that address significant unmet medical needs in neurotology, rhinology, allergy, and CNS disorders and On August 2021, Sanofi will acquire Translate Bio, advancing the use of mRNA technology in the development of vaccines and treatments. The acquisition is intended to expedite the construction of Sanofi's previously announced mRNA Center of Excellence, accelerate the development of currently licenced vaccination programmes currently offered by Sanofi, and maybe open the door to other therapeutic areas
On September 2022, the biotechnology industry's R&D cloud, Benchling, today unveiled the first comprehensive set of capabilities for designing, modelling, and researching both naturally occurring and chemically altered RNA in a single system. The development of RNA therapies is a growing area of interest for the biopharmaceutical sector, and Benchling's new RNA solution is the first product specifically designed to assist R&D organisations in accelerating the delivery of drug candidates
Influencing Trend:
Rising demand for personalized medicine boost the market growth
Market Growth Drivers:
Increase in chronic diseases and disorders drives the market growth and Rise in the geriatric population propels the market forward
Challenges:
Challenges to drug delivery limit the market's expansion and Lack of skilled work force hampers the market growth
Restraints:
Threats of failure and expensive research costs limit market expansion
Opportunities:
Various technological developments, such as the creation of creative synthetic delivery systems and bio-vectors, generate abundant market expansion potential
Key Target Audience
New Entrants and Investors, Laboratories, Hospitals, Diagnostic Centres, Clinics, Research Institutes, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others