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RNA Targeting Small Molecule Drug Discovery Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
RNA Targeting Small Molecule Drug Discovery MArket
The Business Research Company's RNA Targeting Small Molecule Drug Discovery Global Market Report 2023 identifies the increasing prevalence of cancer, genetic disorders, and viral infections as the major driver for the RNA targeting small molecule drug discovery market's growth in the forecast period. Cancer is a group of diseases characterized by the uncontrollable growth of cells in the body. Viral infections refer to infections caused by viruses, tiny infectious agents that can only replicate inside the cells of living organisms. RNA targeting-based drug discovery is used to treat cancer, genetic disorders, and viral infections, as these diseases are linked with genes and malfunctioning genetic material, which can be treated using drugs developed using RNA targeting-based methods.
The global RNA targeting small molecule drug discovery market is expected to grow from $1.18 billion in 2022 to $1.45 billion in 2023 at a compound annual growth rate (CAGR) of 23.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The RNA targeting small molecule drug discovery market is expected to reach $3.21 billion in 2027 at a CAGR of 21.9%.
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Major competitors in the RNA targeting small molecule drug discovery market are F. Hoffmann-La Roche Ltd , Merck & Co. Inc, Bayer AG, Novartis AG, Sanofi SA, Bristol-Myers Squibb Company, AstraZeneca PLC, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Amgen Inc., Novo Nordisk Inc., Moderna Inc., Astellas Pharma Inc., Biogen Inc., Alnylam Pharmaceuticals Inc., Sarepta Therapeutics Inc., Evotec A.G., PTC Therapeutics Inc., Ionis Pharmaceuticals Inc., Dicerna Pharmaceuticals Inc., Arrakis Therapeutics, Arbutus Biopharma Corporation, H3 Biomedicine Inc., Anima Biotech Inc., Ribometrix Inc., Quark Pharmaceuticals Inc., Regulus Therapeutics Inc., Skyhawk Therapeutics Inc., Accent Therapeutics Inc., Epics Therapeutics, and Expansion Therapeutics.
A key trend in the RNA targeting small molecule drug discovery market includes artificial intelligence (AI) integration in drug discovery. Major companies in the RNA targeting small molecule drug discovery market are leveraging AI technology to accelerate drug discovery procedures to sustain their position in the market. For instance, in May 2023, Google Cloud, the cloud computing suite of Google, a US-based technology company, launched Target and Lead Identification Suite and Multiomics Suite to facilitate the drug discovery process. The Multiomics Suite expedites the identification and analysis of genetic data, assisting businesses in designing precision medicines. The Target and Lead Identification Suite aids researchers in better understanding the role of amino acids and predicting the structure of proteins.
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The RNA targeting small molecule drug discovery market is segmented -
• By Target RNA Type: Messenger RNA (mRNA), Non-Coding RNA (ncRNA), MicroRNA (miRNA), Long Non-Coding RNA (lncRNA)
• By Technology: CRISPR-Cas9, RNA Aptamers, Small Interfering RNA (siRNA), Ribozymes, Other Technologies
• By Therapeutic Area: Oncology, Neurology, Infectious Disease, Metabolic Diseases, Genetic Disorders, Other Therapeutic Areas
• By Delivery Method: Intravenous (IV), Oral, Topical, Other Methods
• By Application: Research Use, Therapeutic Use, Diagnostic Use, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the RNA targeting small molecule drug discovery market.
The Business Research Company's "Global RNA Targeting Small Molecule Drug Discovery Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The RNA Targeting Small Molecule Drug Discovery Market Include:
1. Executive Summary
2. RNA Targeting Small Molecule Drug Discovery Market Characteristics
3. RNA Targeting Small Molecule Drug Discovery Market Trends And Strategies
4. RNA Targeting Small Molecule Drug Discovery Market - Macro Economic Scenario
5. Global RNA Targeting Small Molecule Drug Discovery Market Size and Growth
……
32. Global RNA Targeting Small Molecule Drug Discovery Market Competitive Benchmarking
33. Global RNA Targeting Small Molecule Drug Discovery Market Competitive Dashboard
34. Key Mergers And Acquisitions In The RNA Targeting Small Molecule Drug Discovery Market
35. RNA Targeting Small Molecule Drug Discovery Market Future Outlook and Potential Analysis
36. Appendix
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