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Ribose-Nucleic Acid (RNA)-Based Therapeutics Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Ribose-Nucleic Acid (RNA)-Based Therapeutics Market Segments
The market size of RNA (ribose-nucleic acid)-based therapeutics has experienced a solid increase recently. It's projected to rise from $15.79 billion in 2024 to $17.26 billion in 2025, boasting a compound annual growth rate (CAGR) of 9.3%. The expansion during the previous years can be associated with the escalation of investment and funding, the unveiling of RNA interference (RNAi), clinical triumphs of antisense oligonucleotides (ASOs), supportive regulatory frameworks, and increasing collaborations and partnerships.
Anticipated to witness considerable growth, the ribose-nucleic acid (RNA)-based therapeutics market is set to inflate to $24.26 billion by 2029, exhibiting an 8.9% compound annual growth rate (CAGR). This expected growth during the forecast period can be linked to several factors such as, the broadening of indications, rising market demands and increased adoption, regulatory backing, the incorporation of AI and machine learning and the emergence of applications in rare illnesses. Future trends to watch out for in the given period are advanced delivery systems, RNA therapeutics targeting multiple areas, personalized RNA treatments, regulatory progress, and market growth driven by commercialization.
What Are the Forces Behind the Rapid Growth of the Ribose-Nucleic Acid (RNA)-Based Therapeutics Market?
The rise in cancer cases is anticipated to spur the expansion of the market for ribose-nucleic acid (RNA)-based therapeutics. Cancer is identified by an uncontrollable growth and spread of abnormal cells, which can lead to death if not treated. Aspects like an aging population, lifestyle alterations, higher exposure to hazards, and improved detection techniques contribute to the increasing occurrence of cancer. RNA-based therapeutics present a hopeful option for cancer treatment by directly targeting its genetic and molecular basis. For example, the Australian Institute of Health and Welfare stated in August 2023 that approximately 151,000 individuals were diagnosed with cancer in 2021 (excluding basal cell and squamous cell skin carcinomas), a figure expected to rise to 185,000 by 2030. Thus, the escalating prevalence of cancer is propelling the market for ribose-nucleic acid (RNA)-based therapeutics forward.
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Which Businesses Are at the Forefront of Ribose-Nucleic Acid (RNA)-Based Therapeutics Market Development?
Major companies operating in the ribose-nucleic acid (RNA)-based therapeutics market are F. Hoffmann-La Roche AG, Eli Lilly and Company, Novo Nordisk A/S, Regeneron Pharmaceuticals, Biogen Inc., Houston Methodist Hospital, BioNTech, University of Oxford, Alnylam Pharmaceuticals, Sarepta Therapeutics, Flagship Pioneering, Ionis Pharmaceuticals, Akcea Therapeutics Inc, Arrowhead Pharmaceuticals, Dicerna Pharmaceuticals, Wave Life Sciences, Pharmaceutical Technology, Quark Pharmaceuticals, Tekmira Pharmaceuticals, ReCode Therapeutics, Arbutus Biopharma Corporation, Benitec Biopharma Inc., Olix Pharmaceuticals, Alltrna Inc., Orbital Therapeutics
What Are the Latest Innovations in the Ribose-Nucleic Acid (RNA)-Based Therapeutics Market?
Major enterprises within the ribose nucleic acid (RNA)-based therapeutics market are dedicated to the creation of novel medicine solutions, including messenger RNA (mRNA)-based booster vaccines. These are designed to boost immunization efficiency, tackle rising viral variants, and reinforce the longevity of vaccine-induced immunity. mRNA based-booster vaccines employ messenger RNA to signal cells to produce a protein that escalates the immune response against specific pathogens. For example, in June 2023, Gennova Biopharmaceuticals Ltd., a pharmaceutical company based in India, introduced GEMCOVAC-OM, the country's first mRNA booster vaccine designed to specifically target the Omicron variant of COVID-19. The necessity for this booster arises due to the diminished effectiveness of the initial vaccines against Omicron. By applying mRNA technology, GEMCOVAC-OM enhances immunity, providing reinforced defense against the mutating virus.
How Is the Ribose-Nucleic Acid (RNA)-Based Therapeutics Market Segmented?
The ribose-nucleic acid (RNA)-based therapeutics market covered in this report is segmented -
1) By Type: RNA Interference (RNAi), RNA Antisense
2) By Technology: Enabling Technology, Enabled Technology
3) By Therapeutic Area: Oncology, Genetic Disorder, Ophthalmology, Hematological Disorders, Acute Hepatic Porphyria (AHP), Other Therapeutic Areas
4) By End User: Research Institutes, Hospitals And Clinics
Subsegments:
1) By RNA Interference (RNAi): Small Interfering RNA (siRNA), MicroRNA (miRNA)
2) By RNA Antisense: Antisense Oligonucleotides (ASOs), Antisense RNA
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Where Is the Ribose-Nucleic Acid (RNA)-Based Therapeutics Market Growth Most Prominent?
North America was the largest region in the ribose-nucleic acid (RNA)-based therapeutics market in 2024. The regions covered in the ribose-nucleic acid (RNA)-based therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Ribose-Nucleic Acid (RNA)-Based Therapeutics Global Market Report?
- Market Size Analysis: Analyze the Ribose-Nucleic Acid (RNA)-Based Therapeutics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Ribose-Nucleic Acid (RNA)-Based Therapeutics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Ribose-Nucleic Acid (RNA)-Based Therapeutics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Ribose-Nucleic Acid (RNA)-Based Therapeutics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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