Small Interfering RNA Market Trends

  • Report ID: 5297
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Small Interfering RNA Market Trends

   Growth Drivers

  • Rising Popularity of Personalized Medicine – Small interfering RNA (siRNA) has emerged as a promising possibility for precision therapy in cancer and other diseases as it is highly specific and can be easily generated for multiple target genes.
  • Growing Geriatric Population- The elderly population is more susceptible to several age-related diseases such as Alzheimer's disease, Huntington's disease, and Parkinson's disease which may benefit from SiRNA treatment.According to estimates, the proportion of the world's population over 60 years old is anticipated to treble from roughly 11 to more than 22% by 2050.

Challenges

  • High Cost of Developing SiRNA Therapies - Despite their appealing method of action, small interfering RNA therapies confront several hurdles as they are often generated using chemical synthesis, which can be costly if large quantities are required.
  • Stringent Regulations to Obtain Approvals for SiRNA Therapies
  • Development of Effective Delivery Methods Can be Challenging

Small Interfering RNA Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

17.2%

Base Year Market Size (2024)

USD 14.97 billion

Forecast Year Market Size (2037)

USD 117.84 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Radhika Pawar


  • Report ID: 5297
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of small interfering RNA is estimated at USD 17.03 billion.

The small interfering RNA market size was valued at USD 14.97 billion in 2024 and is likely to cross USD 117.84 billion by 2037, expanding at more than 17.2% CAGR during the forecast period i.e., between 2025-2037. Rising cases of cancer across the globe and the growing partnerships and collaborations will drive the market growth.

North America industry is likely to account for largest revenue share of 37% by 2037, impelled by increasing spending in healthcare in the region.

The major players in the market include GE, Thermo Scientific, Arbutus Biopharma, Sanofi Genzyme, Sylentis, Arrowhead Research, Genecon Biotechnologies, Silent Therapeutics, Horizon Discovery, OPKO Health, Agios Pharmaceuticals, Inc., Novartis
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