USD 1.20 billion
Report ID:
SQMIG35E2038 |
Region:
Global |
Published Date: September, 2024
Pages:
219
|Tables:
62
|Figures:
77
Aptamers Market size was valued at USD 182.59 Million in 2023 and is poised to grow from USD 215.09 Million in 2024 to USD 797.6 Million by 2032, growing at a CAGR of 17.80% during the forecast period (2025-2032).
Rapidly increasing prevalence of chronic diseases around the world and growing use of targeted therapeutics for the treatment of the same are projected to drive up the demand for aptamers over the coming years. Surging demand for early diagnostics and rising investments in the development of novel diagnostic technologies are also expected to benefit aptamers market growth over the coming years. Advancements in SELEX technology are also anticipated to play a crucial role in expanding the business scope of aptamers market players going forward. High investments in medical R&D around the world, rising use of genetic therapies and technologies, and rising awareness regarding the benefits of aptamers are also expected to bolster aptamers market development in the future. On the contrary, short half-life, availability of alternatives, limited acceptance, and stringent regulatory framework are some key constraints that slow down the demand for aptamers. Developed countries such as the United States and Canada are slated to be highly opportune markets for aptamers providers in the long run.
US Aptamers Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 1.20 billion
Largest Segment
Nucleic Acid
Fastest Growth
Nucleic Acid
Growth Rate
19.2% CAGR
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Global Aptamers Market is segmented by Type, Technology, Application, End User, and region. Based on Type, the market is segmented into DNA Aptamers, XNA Aptamers, and RNA Aptamers. Based on Technology, the market is segmented into SELEX, Other Technologies. Based on Application, the market is segmented into Therapeutics Development, Research & Development, Diagnostics, Other Applications. Based on End User, the market is segmented into Pharmaceutical & Biotechnology Companies, Academic & Government Research Institutes, Contract Research Organizations, Other End Users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Type
Nucleic acid aptamers are projected to account for a substantial share of the global aptamers market. High investments in the research and development of novel nucleic acid aptamers by multiple companies around the world are projected to help the dominance of this segment going forward. Increasing approvals of aptamers for use in the treatment of multiple disease indications are also expected to create new business scope for aptamer companies looking to focus on this segment in the future. Use of nucleic acid aptamers in targeted drug delivery is also expected to contribute to the massive share of this segment over the coming years.
On the other hand, the demand for peptide aptamers is estimated to rise at an impressive pace across the forecast period and beyond. High use of peptide aptamers in therapeutic as well as diagnostic applications is what makes this segment a highly opportune one for any market player. Increasing use of peptide aptamers in the making of novel biochips and other biotechnology products will also create lucrative opportunities for aptamer providers in the long run. The lower toxicity and immunogenicity of peptide aptamers makes them a highly coveted component in medical research.
Analysis by Application
Research and development application is forecasted to spearhead the demand for aptamers going forward. Increasing investments in healthcare R&D around the world to combat growing prevalence of chronic diseases and improve healthcare accessibility are helping this segment bring in major revenue for aptamers companies. Rising interest in unique properties of aptamers and growing awareness regarding the benefits of the same are also expected to help this segment maintain its dominance in the future. Developed as well as developing countries are slated to be highly opportune markets for aptamers companies targeting this application segment.
Meanwhile, the demand for aptamers in therapeutic applications is slated to rise at a notable pace across the forecast period and beyond. High use of aptamers in the preparation of antidotes for various disease indications and growing demand for targeted therapeutics are helping this segment emerge as the fastest growing one in the market. High investments in drug discovery and drug development are also expected to create new opportunities for aptamer companies operating in this segment. Macular degeneration, retinopathy of prematurity, and diabetic retinopathy are some key indications where the use of aptamers as therapeutics is being explored extensively.
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North America accounted for a dominant share of the global aptamers market. The presence of a strong medical research infrastructure coupled with high prevalence of chronic diseases makes this region an opportune one for all aptamers providers. Growing investments in healthcare research by public as well as private organizations are also expected to help promote the demand for aptamers in North America. Canada and the United States are estimated to remain the most opportune markets for aptamers companies looking to boost their revenue in the North American region going forward. Early adoption of novel healthcare technologies and products will also aid the dominance of this region.
Asia Pacific is estimated to emerge as the fastest expanding market for aptamers around the world. Rising acceptance of aptamer-based products, growing demand for novel diagnostic products, and rising healthcare expenditure are some key factors that are estimated to drive up the demand for aptamers going forward. China, India, and Japan are slated to be the most rewarding markets for aptamers providers as incidence of chronic diseases and geriatric population rises in these countries. Growing investments in healthcare infrastructure development and medical research are also expected to bolster aptamers market growth potential in the future.
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Drivers
High Demand for Targeted Therapeutics
High Use in Diagnostics
Restraints
Short Half-life
Limited Awareness and Acceptance
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Investing in the development of specific aptamer-based products for different disease indications should remain the prime focus of all companies. Improving the half-life of aptamers to enhance their practical application scope will also be a major trend to target for all aptamer companies. Collaborations and partnerships are expected to help aptamer providers enhance their business scope on a global level in the future.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the growing prevalence of chronic diseases and rising investments in aptamer research are projected to drive the demand for aptamers over the coming years. However, limited awareness and short half-life are estimated to slow down the aptamers market growth going forward. North America is estimated to spearhead the global aptamer demand outlook owing to high investments in medical R&D in this region. Development of aptamer-based biosensors and use of chemical modifications to enhance the stability of aptamers will be major trends for market players in the long run.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 182.59 Million |
Market size value in 2032 | USD 797.6 Million |
Growth Rate | 17.80% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Aptamers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aptamers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aptamers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aptamers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35E2038
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