Nucleic Acid Therapeutics Market Size, Share, Growth Analysis, By Technology(Anti-sense and Anti-gene, Short Inhibitory Sequences, Gene Transfer Therapy, Nucleoside Analogs), By Application(Monogenetic Disorders, Thalassemia, Sickle Cell Anemia, Hemophilia), By Surgery(Hospitals and Academic & Research Institutes), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Nucleic Acid Therapeutics Market?

Global Nucleic Acid Therapeutics Market size was valued at USD 12.08 Billion in 2022 and is poised to grow from USD 12.57 Billion in 2023 to USD 17.34 Billion by 2031, growing at a CAGR of 4.1% in the forecast period (2024-2031).

Q: Who are the key vendors in the Global Nucleic Acid Therapeutics Market?

The competitive environment of the Global Nucleic Acid Therapeutics Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. 'agtc', 'Wave Life Science Ltd.', 'Imugene', 'Aileron Therapeutics Inc.', 'Akcea Therapeutics', 'BioNTech SE', 'Biocon', 'Biomedica', 'Protagonist Therapeutics Inc.', 'Replicate Bioscience Inc.', 'Eli Lily and Company', 'Copernicus Therapeutics Inc.', 'Invio Pharmaceuticals Inc.', 'Benitec Biopharma', 'Alnylam Pharmaceuticals', 'Zydus Cadila', 'Excision BioTherapeutics', 'Pfizer Inc.', 'Rhythm Pharmaceuticals Inc.', 'Axcella Health Inc.'.

Report ID: SQMIG35A2868 | Region: Global | Published Date: April, 2024
Pages: 210 | Tables: 100 | Figures: 76

Nucleic Acid Therapeutics Market Regional Insights

North America is predicted to lead the market owing to factors such as high prevalence of chronic diseases such as cancer and diabetes, growing availability of targeted and customized drugs, and supportive government efforts, according to January 2022 CDC National Diabetes Statistical Report More than 130 shows it people in the United States have diabetes. The United States dominates the North American markets.

Asia-Pacific region in the global nucleic acid therapeutics market is expected to grow at a rapid CAGR from 2024 to 2031. Increasing knowledge of nucleic acid testing and research institutions and deal analysis from western developed countries to countries developing in the field. The region is predicted to witness a higher CAGR than other regions in Asia-Pacific due to factors including corporate relocation. Moreover, the Chinese nucleic acid-based drug market held the largest market share, and the Indian nucleic acid-based drug market was the fastest growing market in the Asia-Pacific region.

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Nucleic Acid Therapeutics Market size was valued at USD 12.08 Billion in 2022 and is poised to grow from USD 12.57 Billion in 2023 to USD 17.34 Billion by 2031, growing at a CAGR of 4.1% in the forecast period (2024-2031).

The competitive environment of the Nucleic Acid Therapeutics Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. 'agtc', 'Wave Life Science Ltd.', 'Imugene', 'Aileron Therapeutics Inc.', 'Akcea Therapeutics', 'BioNTech SE', 'Biocon', 'Biomedica', 'Protagonist Therapeutics Inc.', 'Replicate Bioscience Inc.', 'Eli Lily and Company', 'Copernicus Therapeutics Inc.', 'Invio Pharmaceuticals Inc.', 'Benitec Biopharma', 'Alnylam Pharmaceuticals', 'Zydus Cadila', 'Excision BioTherapeutics', 'Pfizer Inc.', 'Rhythm Pharmaceuticals Inc.', 'Axcella Health Inc.'

Advances in molecular technologies and ongoing research on omics have led many companies to invest heavily in it. The nucleic acid-based therapeutics market is highly competitive and market share is gained through multiple business strategies. Acquisitions, partnerships or collaborations are key sources of revenue in the marketplace. For example, in August 2022, Merck & Co. will launch a $1. announced a new therapeutic RNA collaboration with Orna Therapeutics. This collaboration includes the discovery, development and commercialization of novel RNA-based therapies for vaccines, infectious diseases, and oncology programs.

Increased Investment in Healthcare Services to Increase Market Growth: Increased investment in healthcare has also accelerated the pace of research into many diseases and illnesses. Research efforts to improve health facilities have increased due to the increasing prevalence of genetic abnormalities and chronic diseases in the population.

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