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Aptamers Market 2024 - By Growth Factors, Applications, Regional Analysis, Key Players And Forecast 2033
Aptamers Market
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According to The Business Research Company's, The aptamers market size has grown exponentially in recent years. It will grow from $2.16 billion in 2023 to $2.68 billion in 2024 at a compound annual growth rate (CAGR) of 23.8%. The growth in the historic period can be attributed to need for high-specificity binders, therapeutic potential, rise in personalized medicine, potential for therapeutic areas, antibody alternatives, diagnostic point-of-care (poc) devices.
The aptamers market size is expected to see exponential growth in the next few years. It will grow to $6.42 billion in 2028 at a compound annual growth rate (CAGR) of 24.5%. The growth in the forecast period can be attributed to increasing investment in life sciences, expansion in drug development, growth in cancer research, rapid detection in emergency settings, enhanced aptamer selection techniques, regulatory support. Major trends in the forecast period include advancements in selex technology, increasing applications in diagnostics, investment in aptamer research, technological integration with nanotechnology, awareness and education initiatives.
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Market Drivers and Trends:
The increased focus on personalized medicine is expected to propel the aptamers market going forward. Personalized medicine is a medical treatment that is tailored to the individual characteristics of each patient, considering factors such as genetics, lifestyle, and environment for more effective and targeted healthcare. Aptamers in Personalized Medicine serve as customizable molecular tools for targeted diagnostics and therapy, offering precise binding to specific molecules in individual patients. For instance, in 2021, according to The Personalized Medicine Coalition, a US-based organization promoting the adoption of personalized medicine, the FDA's CDER approved 50 new molecular entities (NMEs), out of which 17 (35%) were classified as personalized medicines by the Personalized Medicine Coalition. Therefore, the rising approvals for personalized medicines drive the anatomical pathology equipment and consumables market. Therefore, the increased focus on personalized medicine is driving the aptamers market.
Technological innovations are the key trends gaining popularity in the aptamers market. Major companies operating in the market are introducing new technologies, such as artificial DNA aptamers, which are manufactured using adaptable and seamless technology to sustain their position in the market. For instance, in May 2021, NEC Corporation, a Japan-based multinational information technology and electronics corporation, developed artificial DNA aptamers that can bind to the novel coronavirus (SARS-CoV-2). With the help of adaptable and seamless technology, an aptamer can enter the body to target RBD, which is the key to infection and trap the virus by identifying the three-dimensional structure of the receptor-binding domain (RBD), forming a solid bond with it.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Aptamer Group Limited, SomaLogic Inc., Aptamer Sciences Inc., Aptagen LLC, NeoVentures Biotechnology Inc., Aptus Biotech, Base Pair Biotechnologies Inc., AMS Biotechnology Ltd., Vivonics Inc., TriLink Biotechnologies LLC, Noxxon Pharma SE, AM Biotechnologies LLC, Raptamer Discovery Group, Kaneka Corporation, Novaptech Inc., Maravai Lifesciences Inc., Bio-Techne Corporation, Creative Biolabs Inc., IBA Lifesciences GmbH, Aptabharat Innovations Pvt. Ltd., Profacgen Biotech Inc., Medi GmbH & Co. KG, Pure Biologics Sp. z o.o., Oak BioSciences Inc., Ophthotech Corporation, Novartis AG, NeoNeuro SAS, CAGE Bio Inc., TAGCyx Biotechnologies Inc., AstraZeneca plc, GlyTech Inc., GC Biopharma Corp., Achiko AG, Agilent Technologies Inc., IVERIC bio Inc.
Aptamers Market 2024 Key Insights:
• The aptamers market size is expected to see exponential growth in the next few years. It will grow to $6.42 billion in 2028 at a compound annual growth rate (CAGR) of 24.5%.
• Growing Prevalence Of Chronic Respiratory Diseases Boosts Aptamers Market
• Technological Innovations Drive Advancements In The Aptamers Market
• North America was the largest region in the aptamers market in 2023
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