USD 5.9 billion
Report ID:
SQMIG35A2868 |
Region:
Global |
Published Date: April, 2024
Pages:
210
|Tables:
100
|Figures:
76
Global Nucleic Acid Therapeutics Market size was valued at USD 5.9 billion in 2023 and is poised to grow from USD 6.7 billion in 2024 to USD 18.59 billion by 2032, growing at a CAGR of 13.6% during the forecast period (2025-2032).
Genes are naturally made of chemicals called nucleic acids, which are also the main molecules that carry information to cells Deoxyribonucleic acid (DNA), ribonucleic acid (RNA), and synthetic nucleic acids are three types of nucleic acids. Endogenous nucleic acids are specifically recognized by Watson-Crick base pairing, mediating their universal mode of action. Nucleic acid-based drugs are used to treat many chronic diseases. It exhibits significant therapeutic effects in chronic conditions such as cancer, epilepsy, diabetes, tuberculosis and AIDS. For example, the nucleic acid therapeutics market has received a lot of interest lately as it appears to have a significant impact on the treatment of chronic diseases.
Global nucleic acid therapeutics market is expected to grow rapidly owing to several new therapies now approved and developed. Growth in pharmaceutical and healthcare industry, biopharmaceuticals, DNA therapeutics all contribute to the nucleic acid therapeutics market spike.
Market snapshot - 2025-2032
Global Market Size
USD 5.9 billion
Largest Segment
Anti-sense and Anti-gene
Fastest Growth
Gene Transfer Therapy
Growth Rate
13.6% CAGR
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Global Nucleic Acid Therapeutics Market is segmented by Product, Indication, End-user and region. Based on Product, the market is segmented into Anti-Sense Oligonucleotides (ASO), RNA Interference (RNAi) and RNA Aptamers. Based on Indication, the market is segmented into Autoimmune Disorders, Infectious Diseases, Genetic Disorders, Cancer and Others. Based on End-user, the market is segmented into Hospitals, Physicians' Offices and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Technologically, the anti-sense anti-gene segment was expected to dominate the market by 2022, holding the largest market share in terms of global nucleic acid therapeutics market revenue. This is due to lack of diseases conditions such as cancer and increasing genetic disorders, which are major therapeutic targets for antisense and anti-gene therapy.
However, the gene transfer therapy segment is predicted to be the fastest growing segment during the forecast period, with the highest CAGR. This is due to the increased focus on personalized medicine and the potential of gene transfer therapy to treat a variety of genetic diseases, including rare genetic diseases.
In terms of consumption, the oncology segment is expected to dominate with the highest CAGR. Cancer detection is one of the most common imaging procedures worldwide. This is due to increasing knowledge of early detection of cancer, high prevalence of cancer, usefulness of diagnosis in the treatment and management of various cancers. Several pharmaceutical pipelines show oncology indication, and other factors help it spread upwards. Also, increasing investments in research and development of novel nuclear medicines for cancer therapy can help the sector grow.
The cardiovascular segment is expected to grow significantly over the forecast period owing to the increasing demand for CVD diagnosis. In March 2021, Bracco Diagnostics Inc. will have 100,000 shares and CardioNavix, LLC formed a partnership aimed at improving patient access to the new cardiac PET imaging system. This new system gives patients access to hospitals, physicians and diagnostic centers, for cardiac PET imaging. This initiative can reduce upfront costs and the risk of staff loss by encouraging clinicians to design & implement diagnostic tests. In terms of consumption, the oncology segment is expected to grow at the highest CAGR. Cancer detection is one of the most common imaging procedures worldwide. This is due to increasing knowledge of early detection of cancer, high prevalence of cancer, usefulness of diagnosis in the treatment and management of various cancers. Several pharmaceutical pipelines show oncology indication and other factors help it spread upwards. Also, increasing investments in research and development of novel nuclear medicines for cancer therapy can help the sector grow.
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North America is predicted to lead the market owing to factors such as high prevalence of chronic diseases such as cancer and diabetes, growing availability of targeted and customized drugs, and supportive government efforts, according to January 2022 CDC National Diabetes Statistical Report More than 130 shows it people in the United States have diabetes. The United States dominates the North American markets.
Asia-Pacific region in the global nucleic acid therapeutics market is expected to grow at a rapid CAGR from 2024 to 2031. Increasing knowledge of nucleic acid testing and research institutions and deal analysis from western developed countries to countries developing in the field. The region is predicted to witness a higher CAGR than other regions in Asia-Pacific due to factors including corporate relocation. Moreover, the Chinese nucleic acid-based drug market held the largest market share, and the Indian nucleic acid-based drug market was the fastest growing market in the Asia-Pacific region.
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Rising Advancements in Molecular Technologies
Rise in the Chronic Diseases
Delivery Challenges
Immunodeficiency
Safety Issues
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The competitive environment of the Global Nucleic Acid Therapeutics Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The growth of the global nucleic acid therapeutics market is anticipated to be restrained due to lack of experience, technology and their high cost as developed and emerging economies play a dominant role in the research and development of new therapies, it appears that research will continue to expand this market in the future. High development costs, as well as expensive treatments and technologies were some of the major factors limiting industry expansion. Other factors driving the expansion of nucleic acid therapeutics market across the globe are, rapid attraction and speed to market, strong demand for products, and increasing focus of pharmaceutical companies in nucleic acid therapeutics.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 5.9 billion |
Market size value in 2032 | USD 18.59 billion |
Growth Rate | 13.6% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Nucleic Acid Therapeutics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Nucleic Acid Therapeutics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Nucleic Acid Therapeutics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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