Small Interfering RNA (siRNA) Therapeutics Market Poised to Reach USD 39.19 Billion by 2030
The global Small Interfering RNA (siRNA) therapeutics market, valued at USD 12.67 billion in 2023, is projected to reach approximately USD 39.19 billion by 2030, reflecting a compound annual growth rate (CAGR) of 17.5% during the forecast period.
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Market Overview
Small Interfering RNAs (siRNAs), also known as silencing RNAs, are double-stranded non-coding RNA molecules that play a crucial role in regulating gene expression through RNA interference (RNAi). They are widely utilized in therapeutic applications to target specific genes associated with various diseases, including cancer, HIV, and hepatitis. The high efficiency of siRNA in gene silencing, coupled with its potential in targeted therapy, has significantly contributed to the market's expansion.
Competitive Landscape
The siRNA therapeutics market is characterized by the presence of several key players focusing on innovation and strategic collaborations to enhance their market position. Notable companies include:
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Alnylam Pharmaceuticals
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Arrowhead Research Corp
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Sanofi Genzyme
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Arbutus Biopharma Corp
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Silence Therapeutics AG
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Sylentis S.A.
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GlaxoSmithKline
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Ionis Pharmaceuticals
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Benitec Biopharma Ltd.
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Bio-Path Holdings Inc.
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Calando Pharmaceuticals
These companies are actively engaged in research and development to introduce advanced siRNA-based therapies, aiming to address unmet medical needs and expand their therapeutic portfolios.
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Regional Insights
North America: Growth and Consolidation
North America is expected to dominate the global siRNA therapeutics market during the forecast period. This dominance is attributed to a rising number of clinical trials, new product launches, increased healthcare expenditure, and substantial government funding for research and development activities. The well-established healthcare infrastructure in the region further supports market growth.
Asia Pacific: Opportunities and Trends
The Asia Pacific region is anticipated to witness lucrative growth in the siRNA therapeutics market. Factors driving this growth include rising healthcare expenditure, favorable government reimbursement policies, and growing awareness of available therapies for diseases such as cancer and cardiovascular conditions. The increasing adoption of advanced medical technologies and the presence of a large patient pool present significant opportunities for market expansion in this region.
Europe: Trends and Consolidation
Europe holds a substantial share of the siRNA therapeutics market, with countries like Germany, France, and the UK leading in research and development activities. The region benefits from strong governmental support, well-established pharmaceutical industries, and collaborative efforts aimed at advancing siRNA technologies. Strategic partnerships and mergers among key players are common, aiming to enhance product offerings and expand market reach.
Middle East and Africa: Growth and Opportunity
The Middle East and Africa are emerging markets for siRNA therapeutics, with growth driven by improving healthcare infrastructures and increasing awareness of advanced medical technologies. While the market share is currently modest, ongoing investments and initiatives to modernize healthcare systems present opportunities for future expansion.
Key Recent Developments
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Technological Advancements: Innovations in delivery methods, such as nanoparticle and liposome-based systems, have significantly enhanced the efficacy and stability of siRNA therapies, broadening their therapeutic potential.
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Strategic Partnerships and Acquisitions: Companies are engaging in collaborations and acquisitions to strengthen their product portfolios and expand their presence in the global market. For instance, Alnylam Pharmaceuticals has entered into partnerships to advance the development and commercialization of its siRNA-based therapies.
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Regulatory Approvals: An increase in regulatory approvals for siRNA therapies has facilitated their commercialization, contributing to market growth. Regulatory bodies are recognizing the benefits of siRNA-based treatments, leading to expedited approval processes.
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► Market Segmentation: In-Depth Analysis:
by Type
Liposome Based Systemic Therapy
Nanoparticle Based Systemic Therapy
Other
Based on type, liposome-based systemic therapy is anticipated to have a leading market share since it is the most promising drug delivery technique for in vivo siRNA delivery. The first nano-drug delivery method to be effectively adapted for use in real-time clinical settings is liposomes. The most widely utilized liposome-based delivery systems in clinical settings are expanded by the second and third generations of liposomes' capacity to either boost liposome stabilities or recognize particular receptors. Each of these elements contributes to the growth of the segment.
by Applications
Hospital, Research Institutions
Pharmaceutical and Biotechnology Companies
Academic Institutions
Other
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-small-interfering-rna-sirna-therapeutics-market/91788/
► Learn about the top players driving innovation in the Market :
1. GE Dharmacon
2. OPKO Health, Inc.
3. Alnylam Pharmaceuticals
4. Arrowhead Research Corp
5. Sanofi Genzyme
6. Genecon Biotechnologies Co., Ltd.
7. Arbutus Biopharma Corp
8. Silence Therapeutics AG
9. Sylentis S.A.
10. Olix Pharmaceuticals
11. GlaxoSmithKline
12. Isis Pharmaceuticals/ Ionis Pharmaceuticals
13. BenitecBiopharma Ltd.
14. Bio-Path Holdings Inc.
15. Calando Pharmaceuticals
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