RNA-Based Therapeutics Market Research Report Information By Type (RNA Interference (RNAi) and RNA Antisense), By Application (Genetic Disorders and Auto Immune Disorders), By End User (Research Institutes and Hospitals & Clinics), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

The RNA-Based Therapeutics Market size was valued at USD 13.9 billion in 2023 and is projected to grow to USD 22.32 billion by 2032, with CAGR of 6.10 % during the forecast period (2024 – 2032).

The RNA-based therapeutics market is experiencing an unprecedented surge in growth, revolutionizing the landscape of medicine and healthcare. RNA-based therapeutics harness the body’s own molecular machinery to treat a wide array of diseases, ranging from genetic disorders to infectious diseases and cancer.

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One of the primary drivers of this market’s growth is the remarkable progress in RNA technology, particularly in the development of RNA interference (RNAi) and messenger RNA (mRNA) therapeutics. RNAi therapies, which involve silencing or inhibiting the expression of specific genes, hold immense promise for treating genetic disorders and certain types of cancers by targeting the root cause of the disease at the genetic level.

On the other hand, mRNA therapeutics have garnered significant attention for their potential in vaccine development, including the groundbreaking mRNA COVID-19 vaccines that have demonstrated unprecedented efficacy and speed in response to the global pandemic.

Moreover, advancements in delivery technologies have overcome historical barriers associated with the effective delivery of RNA-based therapeutics, enhancing their bioavailability, stability, and targeting capabilities. This has expanded the scope of RNA-based therapies beyond traditional drug modalities, offering new avenues for personalized medicine and targeted treatments.

Key Players

MRFR recognizes the following companies as the key players in the global RNA-Based Therapeutics Market— Gradalis, Inc.; Silence Therapeutics plc; Arbutus Biopharma Corporation; Benitec Biopharma Inc.; and Arrowhead Pharmaceuticals.

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Market Segmentation

The global RNA Based Therapeutics market has been segmented based Type, Application, and End User.

On the basis of Type, the market is segmented into RNA Interference (RNAi), and RNA Antisense. The RNA Antisense segment was attributed to holding the largest market share in 2022. This is because, among other therapeutic domains, RNA antisense technology finds use in neurological disorders, cancer, and rare genetic defects.

Based on Application, the global RNA Based Therapeutics market has been segmented into Genetic Disorders, and Auto immune disorders. The Genetic Disorders segment was expected to hold the largest market share in 2022, because of a rise in cases of molecular diagnostics, genetic diseases, and rare diseases.

On the basis of End User, the market is segmented into Alkaline Research Institutes, and Hospitals & Clinics. The proton exchange membrane electrolysis segment was attributed to holding the largest market share in 2022, due to collaborations between research organizations and university institutions, or collaborations with government agencies to defray the high cost of research.

Regional Analysis

The global RNA Based Therapeutics market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe RNA Based Therapeutics market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The RNA Based Therapeutics market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World RNA Based Therapeutics market comprises of Middle East, Africa, and Latin America.

The largest market share for RNA Based Therapeutics was maintained by the North American regional sector. This increase is attributed to biopharmaceutical sector in North America is strong, with many businesses focusing on RNA therapies. These market participants’ existence encourages competition and innovation. The development of RNA-based therapeutic solutions is aided by large research and development expenditures made by government agencies, academic institutions, and pharmaceutical and biotechnology businesses. Continuous developments in RNA technologies, such as antisense oligonucleotides, siRNA, and mRNA, facilitate the creation of novel therapeutic strategies with enhanced security and effectiveness profiles.

Moreover, the Europe market has been persistently growing over the forecast period. The potential of RNA-based treatments is matched by the move toward targeted therapies and customized medicine. One factor driving this market’s expansion is the customization of therapies according to patient genetic profiles. Partnerships between research organizations, academic institutions, and pharmaceutical businesses allow knowledge and resources to be shared more easily, which speeds up the creation and marketing of RNA-based treatments.

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