Growth Accelerated by Increasing Adoption for The Treatment of Neuromuscular Diseases
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Antisense Oligonucleotides Market |
Antisense
oligonucleotides are short strands of synthetic nucleic acid used to inhibit
gene expression through binding to targeted RNA molecules. They are used for
the treatment of diseases like Duchenne muscular dystrophy, Huntington's
disease, and Alzheimer's disease. Antisense oligonucleotides can specifically
suppress targeted genes that cause infections and chronic conditions. The
global antisense oligonucleotides market is estimated to be valued at US$
2913.5 Mn in 2023 and is expected to exhibit a CAGR of 7.1% over the forecast
period 2023 to 2030, as highlighted in a new report published by Coherent
Market Insights.
Market key trends:
The increasing adoption of antisense oligonucleotides for the treatment of
neuromuscular diseases has accelerated the growth of this market. For example,
nusinersen sold under the brand name Spinraza is approved for the treatment of
spinal muscular atrophy. It helps in improving motor functions and delaying
disease progression in patients. Similarly, therapies using antisense
oligonucleotides are also being explored for treating Duchenne muscular
dystrophy and myotonic dystrophy. The success of these therapies in clinical
trials will further drive the demand for antisense oligonucleotides over the
forecast period.
Segment
Analysis
The global antisense oligonucleotides market is dominated by therapeutic
applications sub segment. Antisense oligonucleotides have immense therapeutic
potential to selectively inhibit target genes and are used in treating
Huntington's diseases, cancer, cardiovascular diseases, and viral infections.
Their high specificity to bind target mRNA makes them a preferred treatment
option over small molecule drugs.
Key Takeaways
The Global
Antisense Oligonucleotides Market Demand is expected to witness high
growth.
Regional
analysis: North America is expected to remain the dominant region during the
forecast period owing to strong government support for research and development
activities in the US. Additionally, growing adoption of advanced healthcare
technologies also support the market growth.
Key players operating in the antisense oligonucleotides market are SICK AG,
Hitachi Ltd., Honeywell International Inc., Hyundai Elevator Co. Ltd., Nidec
MCE, Toshiba Elevators and Building Systems, Thames Valley Controls, and Mitsubishi
Electric.
For more insights, Read- https://www.insightprobing.com/antisense-oligonucleotides-market-size-and-share/
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more insights on this topic: https://shoutingstars.com/code-weavers-bioinformatics-unravelling-the-intricate-thread-of-biological-information-fabric
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