Market Research Future (MRFR) has published on the “Global RNA Editing Market”.
The market is estimated to register a CAGR of 6.00% during the forecast period of 2024 to 2032.
RNA Editing Market Highlights
The global RNA Editing market is expected to register a CAGR of 6.00% during the forecast period and is estimated to reach USD 22.6 billion by 2032.
The market is being pushed by increased research funding, rising demand for personalized treatment, and the growing use of RNA editing technologies in many domains of biotechnology and medicine. The possibility of off-target effects and concerns about specificity pose significant challenges to the development and deployment of RNA editing technologies. Furthermore, the incorporation of RNA editing tools into diagnostic procedures is accelerating advancements in precision medicine and personalized healthcare.
Key Players
MRFR recognizes the following companies as key players in the global RNA Editing Market: ProQR Therapeutics NV, Sirna Therapeutics, Inc., Shape Therapeutics, Inc., Korro Bio, Inc., Beam Therapeutics, Inc., QIAGEN N.V., UniQure NV (UniQure), LAVA Therapeutics N.V., argenx SE and Arrowhead Pharmaceuticals, Inc.
Segment Analysis
The global RNA Editing Market has been segmented based on Type of RNA, Application, and Technique.
The Type of RNA segments the market into Messenger RNA Modification, Transfer RNA Modification, and Ribosomal RNA Modification. The RNA Editing Market is currently dominated by mRNA modification. mRNA plays an important role in gene expression by transporting genetic information from the DNA to the ribosomes, where it is translated into proteins.
The Application segments the market into Cancer, Genetic Disorders And Temporary Maladies. The cancer segment dominates the market as RNA editing changes are rapidly being recognized as key drivers of oncogenesis and tumor growth.
The Technique has divided the global RNA Editing Market into Insertion/ Deletion And Deamination. Deamination category dominated the market in 2023. Deamination is commonly used in RNA editing because it plays important roles in a variety of biological processes, including RNA splicing, stability, localization, and protein interactions.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of RNA Editing Market Research Report
Regional Analysis
The global RNA Editing Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe RNA Editing Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The RNA Editing 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 Editing Market comprises of Middle East, Africa, and Latin America.
North America is the largest shareholder in the drug repositioning market. North American regulatory frameworks provide defined avenues for the development, approval, and commercialization of RNA editing technology. Regulatory bodies, like the United States Food and Drug Administration (FDA) and Health Canada, have set standards and accelerated review processes for RNA editing-based treatments, easing market access and uptake.
Moreover, Europe is regarded as the world's second-largest region, following North America. This is due to a variety of variables that contribute to the region's prominence in this sector. Europe has a large number of pharmaceutical and biotechnology companies actively working in RNA editing research and development. Furthermore, the region has a well-developed healthcare infrastructure and a trained workforce in molecular biology and genetics, which strengthens its position in the RNA editing industry. Government funding for RNA editing technology research and clinical trials helps to boost the European market as well. All of these considerations make Europe a major player in the global RNA editing market.
Additionally, the Asia Pacific region is growing at the fastest rate compared to other regions. A variety of causes have contributed to this quick expansion. The Asia Pacific region has a vast population, creating a significant market for RNA editing technology. Furthermore, Asia Pacific countries such as China, Japan, and India are making significant investments in biotechnology and genetic research, which is pushing innovation and improvement in RNA editing.
The rest of the world's RNA Editing Market is segmented into three regions: the Middle East, Africa, and Latin America. These regions are experiencing an increasing interest in biotechnology and genetic research, resulting in an increased focus on RNA editing technologies.
Key Findings of the Study
- The global RNA Editing Market is expected to reach USD 22.6 billion by 2032, at a CAGR of 6.00% during the forecast period.
- Asia Pacific region is growing at the fastest rate. Asia Pacific countries such as China, Japan, and India are making significant investments in biotechnology and genetic research, which is pushing innovation and improvement in RNA editing.
- Deamination category dominated the market in 2023 based on technique.
- ProQR Therapeutics NV, Sirna Therapeutics, Inc., Shape Therapeutics, Inc., Korro Bio, Inc., Beam Therapeutics, Inc., QIAGEN N.V., UniQure NV (UniQure), LAVA Therapeutics N.V., argenx SE and Arrowhead Pharmaceuticals, Inc. are key market players.
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Companies Covered | 15 |
Pages | 128 |
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