Global Nucleic Acid Therapeutics Market Set to Triple by 2031, Driven by RNAi and ASOs: Allied Market Research Report
PORTLAND, OREGON, UNITED STATES, April 3, 2024 /EINPresswire.com/ -- The factors that are anticipated to impede the growth of the global nucleic acid therapeutics market during the forecast period include, absence of alternative treatments for a variety of chronic conditions, accessibility of medicines, and high diagnostic costs. The growth of the nucleic acid therapeutics market is driven by increased research & development of new medicines and therapies and increased disease prevalence.
The report published by Allied Market Research provides a comprehensive analysis of the global nucleic acid therapeutics market, offering insights into various aspects such as market size, growth potential, key segments, competitive landscape, and evolving trends. Here's a summary of the key points highlighted in the report:
Market Size and Growth: The global nucleic acid therapeutics market was valued at $4.1 billion in 2021 and is projected to reach $12.2 billion by 2031, with a compound annual growth rate (CAGR) of 11.6% from 2022 to 2031.
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Segment Analysis:
Products: The RNA interference (RNAi) and short interfering RNAs (siRNAs) segment accounted for over half of the market in 2021 and is expected to maintain dominance. However, the Anti-Sense Oligonucleotides (ASOs) and DNA Aptamers segment is anticipated to exhibit the fastest CAGR of 12.7% during the forecast period.
Application: Monogenetic disorders segment held the largest share of the market revenue in 2021 and is likely to continue dominating. Meanwhile, the multi-genetic disorders segment is expected to grow at the fastest CAGR of 12.8%.
End-user: Hospitals and clinics segment dominated the market in 2021 and is forecasted to continue its dominance, with the same segment expected to witness the fastest CAGR of 12.0%.
Region: North America accounted for more than two-fifths of the global market revenue in 2021 and is expected to maintain its leading position. However, the Asia-Pacific region is anticipated to experience the fastest growth with a CAGR of 13.8%.
Competitive Landscape:
DS Smith Plc
Evergreen Packaging LLC
International Paper
Metsä Board
Mondi Plc
Nippon Paper Industries Co. Ltd.
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Value Propositions:
The report offers complimentary analyst hours and expert interviews with each report.
It provides comprehensive quantitative and qualitative insights at segment and sub-segment levels.
Includes insights on COVID-19 impact trends and perspectives.
Offers granular insights at global/regional/country levels.
Covers market dynamics, competitive landscape, winning imperatives, and strategic developments by leading players.
Overall, the report serves as a valuable resource for industry frontrunners, new entrants, investors, and shareholders to formulate strategies and enhance their market position.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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