Growth Trajectory Of The RNA Targeting Small Molecules Therapeutics Market 2023-2032
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global RNA-targeting small molecules therapeutics market is set to increase from $0.77 billion in 2022 to $1.06 billion in 2023, with a 37.2% CAGR. By 2027, the market size is anticipated to reach $3.68 billion, growing at a 36.6% CAGR
North America held the largest RNA targeting small molecules therapeutics market share.
RNA Targeting Small Molecules Therapeutics Market Driver
The growing cancer incidence is projected to drive the RNA-targeting small molecule therapeutics market’s expansion. Cancer is a diverse group of diseases marked by uncontrolled cell growth and invasion. RNA-targeting small molecules are designed to selectively target cancer-associated RNA molecules. In 2023, the American Cancer Society Inc. estimates over 1.9 million new US cancer cases, up from 1.8 million in 2020, bolstering market growth.
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Prominent RNA Targeting Small Molecules Therapeutics Market Trend
Strategic partnerships are a prominent trend in the RNA-targeting small molecule therapeutics market, where major companies collaborate to innovate. In June 2022, Otsuka Pharmaceutical Co. Ltd., based in Japan, joined forces with xFOREST Therapeutics Co. Ltd., a Japanese drug discovery platform developer, to enhance RNA structure-focused small-molecule drug research. Similarly, in March 2021, Germany’s Evotec SE and Japan’s Takeda Pharmaceutical Company Limited formed a strategic alliance to discover and develop RNA-targeting small molecules.
RNA Targeting Small Molecules Therapeutics Market Prominent Players
Major players in the rna targeting small molecules therapeutics market are F. Hoffmann-La Roche Ltd., Bayer AG, Sanofi S.A., AstraZeneca plc, Eli Lilly and Company, Amgen Inc., Janssen Pharmaceuticals, Celgene Corporation, Vertex Pharmaceuticals, Servier laboratories, Genentech Inc., PTC Therapeutics Inc., Arrakis Therapeutics, Anima Biotech Inc., Skyhawk Therapeutics Inc., Remix Therapeutics, Abivax SA, 858 Therapeutics, Eloxx Pharmaceuticals Inc., STORM Therapeutics Ltd., Accent Therapeutics Inc., eFFECTOR Therapeutics Inc., EPICS Therapeutics, Expansion Therapeutics Inc., Inspirna Inc., MiNA Therapeutics Ltd., Ribometrix Inc., AC Immune SA, and Redona Therapeutics.
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Key RNA Targeting Small Molecules Therapeutics Market Segments
The global RNA targeting small molecules therapeutics market is segmented –
1) By Offering: mRNA (Messenger Ribonucleic Acid) Translation Modulators, RNA (Ribonucleic Acid) Splicing Modification, Direct RNA (Ribonucleic Acid) Targeting, Other Offerings
2) By Therapeutic Indication: Lung Fibrosis, Cancer, Neurodegenerative Diseases, Autoimmune, Inflammatory, Other Therapeutic Indications
3) By Application: Drug Discovery, Oncology Research, Disease Identification
4) By End User: Hospitals, Research Laboratories, Pharmaceutical And Biotechnology Companies, Other End-Users
The RNA Targeting Small Molecules Therapeutics Global Market Report 2023 provides a comprehensive overview on the RNA targeting small molecules therapeutics market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the RNA targeting small molecules therapeutics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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