RNAi Technology Market - Widening Scope of Application to Bolster Growth of the Market
RNAi stands for ribonucleic acid interference and it refers to a system that is found in live cells so as to monitor active genes .This system is expected to emerge as a new technology that holds immense promise for the future. The main classes of RNAi comprise small interfering RNA and micro RNA. In the field of therapeutics and drug discovery, this system is believed to be the replacement technology for the current recombinant technology, which is likely to play an important role in the growth of the global RNAi technology market in the years to come.
Augmented research and development activities in the RNAi field are estimated to come up as an important growth factor for the market in the years to come. In addition, there has been a rise in the number of applications in the field of molecular diagnostics, especially in the improvement of synthetic delivery carriers, cancer, and causing chemical modifications to RNA.
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These factors are estimated to trigger growth of the global RNAi technology market in the forthcoming years.Rise of geriatric population is playing a crucial role in propelling the global RNAi Technology market onto a high growth trajectory over the forecast period. It is also worth noting here that a 2 billion people that would be aged 60 and above will contribute positively in this regard. Older people are more susceptible to cancers, and infectious diseases. RNAi Technology will owe a significant growth to rise in infections, both bacterial and viral, that the world is witnessing right now. Besides, chronic diseases are also demonstrating robust statistics, demanding for a mature RNAi Technology market over the forecast period.
Market to Observe Growth in the Increased Spending on Research and Development Activities
The growth of the global RNAi technology market is estimated to be driven by the considerable pipeline for various cancer therapies by various institutes and companies, such as INSYS Therapeutics, Inc., Astrazeneca plc., Isarna Therapeutics GmbH, OncoGenex Pharmaceuticals, Inc., Enzon Pharmaceuticals, Inc, and University of Texas. In addition to that, many companies have made considerable investment in research and development (R&D) activities for nanocarriers, which can be used for delivering oligonucleotides for the treatment of cancer. This factor is anticipated to trigger growth of the global RNAi technology market in the near future.
The US is likely to remain at the forefront of the growth of the global RNAi technology market as the region has several RNAi therapeutics, which are already in the developmental pipeline. In addition to that, several companies in the US have made substantially high investment for the development of RNAi therapeutics, which is likely to drive the demand for this technology in the region. North America region will witness steady growth over the forecast period. Besides, the drug development landscape in the region is quite robust, and contributing steadily to the market projections over the forecast period. It is also worth noting here that Canada and the United States of America will play a crucial role in the overall growth.
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