2024-2033 RNA Targeting Small Molecule Drug Discovery Market Outlook: Unlocking Growth Potential
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What is the Anticipated CAGR of the RNA Targeting Small Molecule Drug Discovery Market Over the 2024-2033 Forecast Period?
The market size for RNA targeting small molecule drug discovery has seen a significant surge in growth in the recent past. From a worth of $1.45 billion in 2023, it is projected to increase to $1.78 billion in 2024, achieving a compound annual growth rate (CAGR) of 22.3%. The impressive growth during the historic period can be credited to the enhanced comprehension of disease genetics, discoveries in genomics and proteomics, issues related to drug resistance, considerable investment in biotechnology and pharmaceutical research, and the emerging field of RNA therapeutics.
The market for rna targeting small molecule drug discovery is projected to witness massive expansion in the coming years, potentially growing to $3.97 billion in 2028 with a CAGR of 22.2%. This surge in predicted growth could be owing to factors such as the broadening scope of rna epigenetics research, rna-seq and functional genomics, the incorporation of artificial intelligence (AI), approaches centered around the patient, and exosome-mediated drug delivery. The forecast period is set to see key developments like the rise of rna editing technologies, breakthroughs in crispr technology, technological advancements, progress in rna biology, and rna targeting for neurodegenerative diseases.
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What Are the Driving Forces Behind the Growth of the rna targeting small molecule drug discovery Market?
The surge in cases of cancer, genetic anomalies, and viral diseases is set to boost the expansion of the RNA-targeted small-molecule drug discovery market in the near future. The term cancer encompasses a collection of diseases that show uncontrolled cell growth within the organism. On the other hand, viral diseases are the illnesses brought about by micro pathogens, viruses, that can only proliferate inside living cellular structures. RNA-based drug discovery is employed in battling cancer, genetic anomalies, and viral diseases since these ailments are associated with genes and defective genetic elements which can be remedied using RNA-oriented methodologies. To illustrate, in February 2021, the American Cancer Society, a US-based non-compulsory health institution, projected that new cancer scenarios and cancer fatalities are expected to rise by 47% by 2040, hitting approximately 28.4 million instances. Also, in 2021, as per the World Health Organization, a Swiss health institution part of the United Nations, roughly 38.4 million individuals were HIV positive and around 650,000 lost their lives due to HIV. Consequently, the surge of cancer, genetic anomalies, and viral diseases is propelling the expansion of the RNA-targeted small-molecule drug discovery market.
What Are the Core Segments of the RNA Targeting Small Molecule Drug Discovery Market?
1) By Target RNA Type: Messenger RNA (mRNA), Non-Coding RNA (ncRNA), MicroRNA (miRNA), Long Non-Coding RNA (lncRNA)
2) By Technology: CRISPR-Cas9, RNA Aptamers, Small Interfering RNA (siRNA), Ribozymes, Other Technologies
3) By Therapeutic Area: Oncology, Neurology, Infectious Disease, Metabolic Diseases, Genetic Disorders, Other Therapeutic Areas
4) By Delivery Method: Intravenous (IV), Oral, Topical, Other Methods
5) By Application: Research Use, Therapeutic Use, Diagnostic Use, Other Applications
What Are the Key Innovations Reshaping the RNA Targeting Small Molecule Drug Discovery Market?
The incorporation of artificial intelligence (AI) in the process of drug discovery is a noteworthy trend that’s gaining traction in the small-molecule drug discovery market. Big players in this market are utilizing AI technology to fast-track their drug discovery processes, ensuring they maintain their market standing. Notably, in May 2023, Google Cloud, Google’s Cloud Computing division from the US, launched the Target and Lead Identification Suite and the Multiomics Suite, both aimed at aiding the drug discovery process. The Multiomics Suite accelerates the process of identifying and analyzing genetic data, thereby helping businesses to create precision medicines. Conversely, the Target and Lead Identification Suite assists researchers in gaining deeper insight into the role of amino acids and enables them to predict protein structures.
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What Regions Are Influencing the Dynamics of the RNA Targeting Small Molecule Drug Discovery Market?
North America was the largest region in the RNA targeting small molecule drug discovery market in 2023. The regions covered in the rna targeting small molecule drug discovery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The RNA Targeting Small Molecule Drug Discovery Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the rna targeting small molecule drug discovery market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The RNA Targeting Small Molecule Drug Discovery Market Include
1. RNA Targeting Small Molecule Drug Discovery Market Executive Summary
2. RNA Targeting Small Molecule Drug Discovery Market Segments
3. RNA Targeting Small Molecule Drug Discovery Market Size And Template Market Growth Rate
4. Key RNA Targeting Small Molecule Drug Discovery Market Trends
5. Major RNA Targeting Small Molecule Drug Discovery Market Drivers
……
25. Key Mergers And Acquisitions In The RNA Targeting Small Molecule Drug Discovery Market
26. Top RNA Targeting Small Molecule Drug Discovery Companies
27. RNA Targeting Small Molecule Drug Discovery Market Opportunities And Strategies
28. RNA Targeting Small Molecule Drug Discovery Market, Conclusions And Recommendations
29. Appendix
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