Lipid-Nanoparticle Based Genomic Medicines Market

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Lipid-Nanoparticle Based Genomic Medicines Market - (By Type (Liposome-based Nanoparticles, Micelle-based Nanoparticles, Lipid-Coated Nanoparticles), By Application (Cancer Treatment, Infectious Diseases, Genetic Disorders, Cardiovascular Diseases, Others), By Therapeutic Payload (mRNA-based Therapeutics, siRNA-based Therapeutics, miRNA-based Therapeutics, Other Genomic Medicines), By End-User (Hospitals, Biopharmaceutical Companies, Research Institutes, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Lipid-Nanoparticle Based Genomic Medicines Market is valued at US$ 17.47 Bn in 2023, and it is expected to reach US$ 32.49 Bn by 2031, with a CAGR of 8.20% during the forecast period of 2024-2031.

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Lipid-nanoparticle (LNP) based genomic medications are an advanced method in the field of delivering drugs and genetic therapies. LNPs are utilized as carriers in these medications to transport nucleic acids, such as RNA (including mRNA) or DNA, into cells with the purpose of treating genetic illnesses. This technology has garnered considerable interest, specifically for its contribution to the creation of mRNA vaccines for COVID-19, however its promise reaches well beyond vaccine production.

Lipid nanoparticles (LNPs) have recently risen to prominence as a technology platform. It is estimated that over time, more than two billion people have received a COVID-19 mRNA vaccine or booster facilitated by an LNP delivery system. Although this is the biopharmaceutical industry's most widespread application of LNP technology to date, LNPs have been investigated for decades as delivery vehicles.

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List of Prominent Players in the Lipid-Nanoparticle-Based Genomic Medicines Market:
• Moderna Inc.
• Pfizer Inc.
• BioNTech SE
• Arbutus Biopharma Corporation
• Arrowhead Pharmaceuticals Inc.
• CureVac N.V.
• Lipocalyx
• Acuitas Therapeutics
• Precision NanoSystems Inc.
• IONTAS Limited
• Genevant Sciences
• Roche Holding AG
• Alnylam Pharmaceuticals Inc.
• SiO2 Materials Science
• Ethris GmbH
• BIOVECTRA
• Avanti Polar Lipids, Inc. (Croda International Plc.),
• Recipharm AB
• eTheRNA
• ST Pharm Co Ltd,
• Others

Market Dynamics: -
Drivers-
Nanotechnology advancements are one of the primary drivers. The development of accurate and effective delivery methods for genetic therapeutics is fueled by ongoing advancements in nanotechnology, particularly lipid-based nanoparticles, which increase the therapeutic efficiency of these drugs. Expansion of genomic medications, particularly mRNA-based therapeutics, for a range of illnesses, such as genetic disorders, cancer, and infectious diseases, is another motivator. This increases the need for delivery systems for lipid nanoparticles. The use of cancer applications is another motivator. The administration of anticancer drugs is being researched with LNP. They can be used to reduce side effects and improve the efficacy of cancer therapies because of their capacity to summarise hydrophobic medications and identify certain cells.

Challenges-
Market access for lipid-nanoparticle-based genetic therapeutics may be impacted by strict regulatory requirements and the unpredictability of regulatory processes. Regulators, patients, and healthcare professionals may become less trusting of lipid-nanoparticle delivery methods or genetic therapies as a result of unanticipated hazards and unintended side effects. Patents are difficult for businesses to defend, and legal disputes can make it difficult for them to enter new markets or discover new products. A financial hurdle for lipid-nanoparticle-based genetic therapeutics is their high cost of research, development, and manufacturing.

Regional Trends:
The market for lipid-nanoparticle-based genomic medicines is dominated by North America worldwide. This considerable market share is fueled by the region's sophisticated healthcare system and a strong concentration of significant pharmaceutical and biotech businesses. Government organisations like the National Institutes of Health (NIH) play a major part in the cutting-edge research and development that the North American market invests in, further solidifying its dominance in this area. The creation of innovative LNP-based treatments, notably in the fields of gene therapy and mRNA vaccine technology, has resulted from this emphasis on innovation. In addition, the high prevalence of chronic illnesses in the area calls for sophisticated medication delivery methods, one of which is LNPs. The majority of businesses that provide services for producing lipid nanoparticles are based in North America, with European businesses coming in second.

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Recent Development-
• In August 2023, Avanti Polar Lipids and Bioz teamed together to find pertinent product and method knowledge to support effective research and development of innovative lipid-based products.
• In July 2023, McGill University entered into a partnership with ModernaTX to evaluate the characteristics (including size and payload distribution) of LNPs; the outcome of the project is likely to support in the optimization of LNP manufacturing process and serve as a quality check during the manufacturing of mRNA-based therapeutics.

Segmentation of Lipid-Nanoparticle-Based Genomic Medicines Market-

By Type-
• Liposome-based Nanoparticles
• Micelle-based Nanoparticles
• Lipid-Coated Nanoparticles

By Application-
• Cancer Treatment
• Infectious Diseases
• Genetic Disorders
• Cardiovascular Diseases
• Others

By Therapeutic Payload-
• mRNA-based Therapeutics
• siRNA-based Therapeutics
• miRNA-based Therapeutics
• Other Genomic Medicines

By End-User-
• Hospitals
• Biopharmaceutical Companies
• Research Institutes
• Others

By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.