Worldwide Latest Market Research Report on “Global RNA-interference (RNAi) Market – Segmented by Application – Growth, Trends, and Forecast (2019 – 2023) 2019-2023”
The Global RNA-interference (RNAi) market with CAGR of 20.2% 2019-2023. The report begins from overview of Industry Chain structure, and describes the industry environment, then analyses market size and forecast of RNA-interference (RNAi) by product, region, and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Competitor Analysis: by product types, market share, applications, sales, and revenue.
- ALNYLAM PHARMACEUTICALS
- QUARK PHARMACEUTICALS INC.
- BENITEC BIOPHARMA LTD
- ISIS PHARMACEUTICALS
- RXI PHARMACEUTICALS
- FILMTEC CORPORATION
- SILENCE THERAPEUTICS
- MERCK (SIRNA)
- TEKMIRA PHARMACEUTICALS CORPORATION
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Overview of RNA-interference (RNAi) Market:
The RNAi market is expected to witness a CAGR of 20.2% during the forecast period. North America dominates the global market due to high incidence of genetic and metabolic disorders.
Increasing Applications in Molecular Diagnostics, Particularly in Cancer
Cancer diagnosis and treatment is currently undergoing a paradigm shift with the incorporation of RNAi techniques in personalized medicines and molecular diagnostics. The availability of high throughput techniques for the identification of altered cellular molecules and metabolites allows the use of RNAi techniques in various cancer diagnosis and targeting approaches. For diagnostics purposes, small interfering RNAs (siRNA) or microRNAs (miRNA) can be utilized, and commercial availability of siRNAs to silence virtually any gene in the human genome is dramatically accelerating the pace of molecular diagnosis and biomedical research. Increasing application of RNAi in molecular diagnosis and its viability as a therapeutic technique is expected to drive the growth of the RNAi market during the forecast period.
Additionally, improving synthetic delivery carriers and chemical modifications to RNA are also fuelling the growth of the global RNAi technology market.
Stringent FDA Regulations and Changing Reimbursement Environment
In the recent years, there has been a decline in the FDA drug approval rates. Getting FDA approval for a new drug has become extremely challenging. It had approved less than half the number of new drugs in 2016 (19 so far), when compared to 2015 (45 total) and 2014 (41 total). Hence, despite the large investments, there has been a decline in the number of innovative drugs manufactured. FDA explains manufacturing standards and other complying issues as major reasons for this declining trend. This can impede the growth of the RNAi therapeutics, especially since the miRNAs and siRNAs fall into the relatively new field of genetic medicine, wherein they may require more intensified clinical trials. The highly extensive clinical trials effectively result in low approval rates of drugs. This would mean that the stringent guidelines will be a major restraint for the growth of the market.
Additionally, the unstable and immunogenic nature of RNA is also restraining the growth of the global RNAi technology market.
North America Dominating the Market
North America, especially the United States, holds the largest market share of the RNAi market. There are a large number of companies and research institutes in the country with a huge amount being invested in research on drug discovery using RNAi technology; the recent technological and medical advances are available in North America. Other factors, such as growing population and high incidence of diseases, such as liver disorders and cancers, are fuelling the regional growth of this market.
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Reasons to Purchase the Report
The Global demand for RNA-interference (RNAi) Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2019 and 2025 compared to a few years ago, signifying the rapid pace of change.
Global RNA-interference (RNAi) Market highlights the following key factors:
- A complete informative analysis of RNA-interference (RNAi) industry, which includes a valuation of the parental market.
- Emerging trends by sections and regional markets.
- Major developments in market dynamics & market overview.
- RNA-interference (RNAi) Market shares and methods of key players in the RNA-interference (RNAi) market.
- Current and predictable size of RNA-interference (RNAi) market from the outlook of both value and volume.
- Reporting and estimation of recent industry developments.
- References to companies for establishment their position in the RNA-interference (RNAi) market.
RNA-interference (RNAi) Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major RNA-interference (RNAi) Market players in detail. RNA-interference (RNAi) Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
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The growth of this market worldwide is subjected to various factors; including consumer world-class RNA-interference (RNAi) Market of many RNA-interference (RNAi) Market products, inorganic company growth models, price volatility of raw materials, product innovation along with economic prospects in both producer and consumer countries.
In conclusion, RNA-interference (RNAi) Market report presents the descriptive analysis of the parent market based on elite players, present, past and futuristic data that will serve as a profitable guide for all the RNA-interference (RNAi) Market competitors.
Mr. Ajay More
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