The RNA-Targeted Small Molecules Market Size is valued at USD 2.24 billion in 2023 and is predicted to reach USD 3.60 billion by the year 2031 at a 6.29% CAGR during the forecast period for 2024-2031.
RNA-targeted small molecules represent a category of medicines engineered to specifically attach to RNA molecules and alter their activity, as opposed to the conventional strategy of targeting proteins in drug development. RNA-targeted small molecules open up new avenues for creative approaches to illness treatment by altering RNA activity. Indeed, a number of diseases, including viral infections, cancers, and genetic disorders, for which conventional therapies are usually useless, have shown considerable promise when treated with this innovative strategy.
As their capacity to directly disrupt the RNA sequences linked to the illness, these small molecules would provide a therapeutic strategy that is far more targeted and tailored than what is achievable with traditional treatments. The RNA-targeted small molecules market is stimulated by rising research and investment in RNA-targeted treatments. By modifying RNA function, splicing, or translation, RNA-targeted small molecules open up new therapeutic avenues for the treatment of hereditary and chronic illnesses.
Additionally, a rise in incidences of cancer and genetic abnormalities, as well as an increase in research and development efforts, have a significant impact on the RNA-targeted small molecules market's growth. As RNA-targeting therapeutics progress, it is anticipated that they will serve as a foundation for contemporary therapeutic approaches and present a significant commercial opportunity for research institutes and pharmaceutical businesses.
Competitive Landscape
Some Major Key Players In The RNA-Targeted Small Molecules Market:
- Anima Biotech Inc.
- AstraZeneca
- Nymirum Inc.
- Pfizer
- Expansion Therapeutics
- Bentham Science
- PharmTech
- Accent Therapeutics
- Bristol-Myers Squibb
- Novartis
- Other Market Players
Market Segmentation:
The RNA-targeted small molecules market is segmented based on product & service, assay type, indication, and end-user. The product & service segment includes mRNA translation regulation, indirect RNA targeting-epitranscriptomics, RNA Splicing Modification and Direct RNA Targeting. By application, the market comprises drug discovery, oncology research and disease identification. As per the end-user, the market is divided into hospitals, research laboratories, contract research organizations and pharmaceutical and biotechnology companies.
Based On The Product & Service, The Direct RNA Targeting Segment Is Accounted As A Major Contributor To The RNA-Targeted Small Molecules Market.
The direct RNA targeting category is expected to lead with a significant market share in 2023. Investigation and integration into clinical practice are necessary for the target RNA, one of the direct therapy alternatives. Small compounds that have been engineered to act with RNA molecules and change their expression, stability, or function are referred to as that category. The creation of tiny molecules for use in extremely selective treatments that target the fundamental causes of disease and lower the possibility of off-target consequences is what has led to the focus and dedication to direct RNA targeting. Large R&D expenditure is devoted to the development of tiny molecule optimization for effective binding and RNA structural modification.
Drug Discovery Segment To Witness Growth At A Rapid Rate
With the ability to investigate and validate novel therapeutic targets, the advent of RNA-targeted small molecules in drug discovery is displacing the conventional approaches to new therapeutic development. This procedure is now much more efficient due to high-throughput screening technologies, which evaluate thousands of compounds simultaneously. In addition, small compounds that target RNA are frequently used in conjunction with other omics techniques, such as proteomics and genomics, to fully characterize the underlying mechanisms of disease as well as potential targets for treatment. This integrated strategy highlights the significance of RNA-targeted small molecules in contemporary drug discovery and encourages the creation of more potent and focused treatments.
In The Region, The North American RNA-Targeted Small Molecules Market Holds A Significant Revenue Share.
The North American RNA-targeted small molecules market is expected to report the prominent market share in revenue in the near future because of the significant concentration of the pharmaceutical and biotechnology firms in the area and the sizable government support for life sciences R&D. Similar to this, it is expected that during the course of the forecast period, the RNA-targeted small molecules market will see profitable growth due to the rising prevalence of chronic diseases and the growing requirement for RNA-targeted small molecules.
The creation of novel cures and treatments depends on these technologies. Additionally, a sizable and quickly growing population is anticipated to propel market expansion during the projected period, as will rising government funding for healthcare infrastructure. In addition, Asia Pacific is projected a rapid growth in the global RNA-targeted small molecules market. The rising incidence of illnesses like cancer, heart problems, and neurological conditions is driving this region's market. The need for novel RNA-targeted small molecules has grown as a result.
Recent Developments:
- In Feb 2024, UT Southwestern Medical Center has collaborated with Pfizer Inc. to advance RNA-enhanced delivery methods for genetic medicine therapies via the Dallas-based medical center’s Program in Genetic Drug Engineering.
RNA-Targeted Small Molecules Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 2.24 Bn |
|
Revenue Forecast In 2031 |
USD 3.60 Bn |
|
Growth Rate CAGR |
CAGR of 6.29% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Product & Service, Assay Type, Indication, And End-User |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Anima Biotech Inc., AstraZeneca, Nymirum Inc., Pfizer, Expansion Therapeutics, Bentham Science, PharmTech, Accent Therapeutics, Bristol-Myers Squibb, Novartis, and Others. |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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