Antisense and RNAi Therapeutics Market – Technology (RNA Interference, Antisense RNA), Route of Administration (Intrathecal, Intravenous, Subcutaneous), Application (Neurodegenerative, Cancer, Skin, Genetic Disorders) – Global Forecast (2024 – 2032)
Report ID: GMI9517
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Published Date: May 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 214
Countries covered: 22
Pages: 117
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Antisense and RNAi Therapeutics Market Size
Antisense And RNAi Therapeutics Market size was valued at USD 4.4 billion in 2023 and is anticipated to showcase growth at 18.2% CAGR from 2024 and 2032. Increasing prevalence of neurodegenerative and genetic disorders, growing investments in research related to gene expression and delivery technologies, growth in regulatory approvals for RNAi and antisense therapeutics is driving the market.
Additionally, rising awareness towards RNA-based therapeutics is also adding to the revenue growth in the market. Initiatives from patient advocacy groups and campaigns to raise disease awareness are advocating access to innovative treatments and expediting their integration into clinical practice thereby contributing to rise in awareness for advanced RNA-based therapies.
Antisense therapy utilizes short synthetic nucleic acid sequences known as antisense oligonucleotides to selectively target and regulate the expression of genes responsible for diseases. RNA interference is an intrinsic cellular mechanism that controls gene expression. In this process, small RNA molecules like small interfering RNAs (siRNAs) or microRNAs (miRNAs) hinder the translation or trigger the degradation of particular mRNA molecules.
Antisense and RNAi therapeutics Market Trends
Antisense and RNAi Therapeutics Market Analysis
Based on technology, the market is segmented into RNA interference and antisense RNA. The RNA interference segment held the majority of market share in 2023 of about 62.4%.
Based on route of administration, the antisense and RNAi therapeutics market is classified into intravenous injections, intrathecal injections, subcutaneous injections, and other routes of administration. The intravenous injections segment dominated the market with a revenue of about USD 1.9 billion in 2023.
Based on application, the antisense and RNAi therapeutics market is classified into cardiometabolic & renal disorders, cancer, neurodegenerative disorders, genetic disorders, infectious diseases, ophthalmic diseases, skin diseases, and other applications. The cardiometabolic & renal disorders segment secured a leading share of about 31.7% in 2023 and is anticipated to grow at 18.3% CAGR during the forecast period.
For instance, according to the International Diabetes Federation, about 537 million patients (20-79 years) had type -1 diabetes in 2021, which is expected to increase to 643 million by 2030.
North America antisense and RNAi therapeutics market accounted for 42.1% of market share in global market in 2023 and is predicted to reach USD 8.2 billion by 2032.
The U.S. antisense and RNAi therapeutics market was valued at USD 1.6 billion in 2023 and is anticipated to grow at a CAGR of 18.1% over the forecast period.
Germany antisense and RNAi therapeutics market is expected to show significant growth during the forecast period.
India antisense and RNAi therapeutics market is anticipated to grow remarkably over the coming years.
Antisense and RNAi Therapeutics Market Share
The antisense and RNAi therapeutics industry is fragmented. Although major market players hold significant influence, smaller companies and research institutions also play a vital role in advancing and bringing these therapies to market. Established players have extensive pipelines, substantial research capabilities, and established partnerships with other biotechnology and pharmaceutical companies. Small companies are majorly involved in the researching and developing RNAi and antisense therapeutics focusing on niche areas or specific diseases, which has contributed to the overall diversity in the market.
Antisense and RNAi Therapeutics Market Companies
Prominent players operating in the antisense and RNAi therapeutics industry include:
Antisense and RNAi Therapeutics Industry News:
The antisense and RNAi therapeutics market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Technology
Market, By Route of administration
Market, By Application
The above information is provided for the following regions and countries: