RNA Targeting Small Molecules Therapeutics Market Segments, Driver, Restraints, And Trends
RNA Targeting Small Molecules Therapeutics Global Market Report 2024 : Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's RNA Targeting Small Molecules Therapeutics Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LONDON, GREATER LONDON, UK, July 2, 2024 /EINPresswire.com/ -- The RNA targeting small molecule therapeutics market has witnessed exponential growth, projected to increase from $1.06 billion in 2023 to $1.45 billion in 2024, at a compound annual growth rate (CAGR) of 37.0%. This growth in recent years can be attributed to advancements in drug discovery and development, rising prevalence of RNA-related diseases, substantial government and private funding, increasing interest from the pharmaceutical industry, and successful RNA therapeutics case studies.
Rising Demand for Precision Medicine Drives Market Growth
The exponential growth of the RNA targeting small molecule therapeutics market to $5.09 billion by 2028, at a CAGR of 36.9%, is fueled by the expanding application of precision medicine and personalized therapies. Additionally, the identification of RNA biomarkers, widening RNA target spectrum, and growing investments contribute significantly to market expansion. The market is particularly gaining momentum in rare disease applications.
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Key Players and Market Trends
Major players such as F. Hoffmann-La Roche Ltd., Bayer AG, Sanofi S.A., and AstraZeneca PLC are focusing on developing innovative RNA-targeting small molecule therapies. Trends in the market include advancements in screening technologies, dominance of antisense oligonucleotides, emergence of small molecule RNA binders, increased application of RNA therapeutics in neurological disorders, and the integration of gene editing technologies like CRISPR-Cas9.
Segments
• Offering: mRNA Translation Modulators, RNA Splicing Modification, Direct RNA Targeting, Other Offerings
• Therapeutic Indication: Lung Fibrosis, Cancer, Neurodegenerative Diseases, Autoimmune, Inflammatory, Other Therapeutic Indications
• Application: Drug Discovery, Oncology Research, Disease Identification
• End User: Hospitals, Research Laboratories, Pharmaceutical And Biotechnology Companies, Other End-Users
Geographical Insights: North America Leading the Market
North America dominated the RNA targeting small molecule therapeutics market in 2023 and is expected to continue leading due to advanced healthcare infrastructure, significant investments in research and development, and a high prevalence of RNA-related diseases.
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RNA Targeting Small Molecules Therapeutics Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The RNA Targeting Small Molecules Therapeutics Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on RNA targeting small molecules therapeutics market size, RNA targeting small molecules therapeutics market drivers and trends, RNA targeting small molecules therapeutics market major players, competitors' revenues, market positioning, and market growth across geographies. The RNA targeting small molecules therapeutics market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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