Aptamers Market is Transforming the Pharmaceutical Industry by Revolutionizing Therapeutics
The aptamers market is witnessing high growth owing to their increasing applications in diagnostics, therapeutics development, and other research applications. Aptamers are short, single-stranded DNA or RNA molecules that can bind to the specific molecular targets, ranging from small molecules, peptides and proteins to cells and tissues. They have considerably high affinity and specificity for their molecular targets similar to antibodies. Aptamers also offer major advantages over antibodies like cost-effectiveness, facile production, long shelf life, and can be reversibly denatured without loss of function. They eliminate issues relating to cross-reactivity, animal welfare and batch-to-batch variation associated with the production of antibodies.
The Global aptamers market is estimated to be valued at US$ 7.29 Bn in 2024 and is expected to exhibit a CAGR of 17% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the aptamers market are ZOLL Medical Corporation, Stryker,
Brunswick MedTech, Michigan Instruments, SunLife Sciences Pvt Ltd., CPR Medical
Devices, Inc., Medtronic, Faith Group, Nihon Kohden Corporation, and SCHILLER Americas Inc.
Aptamers Market size is expected to grow significantly as aptamers offer immense potential to meet the growing demand for target-specific detection and customized treatment of diseases like cancer and cardiovascular disorders. The growing incidence of chronic diseases and technological advancements in aptamer discovery platforms are fueling the demand for aptamers. Major market players are focusing on strategic collaborations and expanding their global presence especially in emerging regions to tap the vast opportunities.
Market Key Trends
Selection of DNA and RNA aptamers against new disease targets through SELEX and other techniques is one of the major trends witnessed in the aptamers market. Aptamers are increasingly replacing antibodies in clinical diagnostics, drug delivery and other research applications due to their advantages over antibodies. Continuous research in chemical modification, delivery methods and conjugation techniques are widening the therapeutic applications of aptamers. The adoption of aptamers is growing in high-throughput screening, biosensors development and molecular imaging owing to their high specificity and affinity.
Porter’s Analysis
Threat of new entrants: New companies entering the market have to face huge investments in research and development along with high regulatory barriers.
Bargaining power of buyers: Buyers have moderate bargaining power as there are many established players in the aptamers market offering similar products.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of substitutes.
Threat of new substitutes: Threat from substitutes is low as aptamers have properties like small size, high specificity and affinity that are difficult to replicate.
Competitive rivalry: Aptamers Market faces challenges and opportunities as it is highly fragmented with the presence of both global and regional players.
Geographical Regions
North America accounts for the largest share of the global aptamers market, primarily due to increasing research activities and growing demand for personalized therapeutics in the region.
Asia Pacific region is expected to witness the highest growth during the forecast period due to rising healthcare expenditure, increasing awareness about personalized therapeutics and growing initiatives by market players in countries like China and India.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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