High Demand From Food And Beverage Industry Is Expected To Offer Lucrative Opportunities For Key Manufacturers During Forecast Period.
High Demand From Food And Beverage Industry Is Expected To Offer Lucrative Opportunities For Key Manufacturers During Forecast Period.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global aptamers market is expected to grow at an impressive CAGR of 21% during the forecast period (2020-2025).
Advent of the chemical modification process to increase the nuclease resistance of aptamers, and, in turn, enhance their therapeutic properties creates opportunities galore for players in the aptamer market. This has also lead to steady increase in the demand for aptamers and related products from research institutions.
Rapid advancements in selection technique remain a growth driver for the aptamers market. Significant investments by key manufacturers are expected to boost the growth of the market. Moreover, continuous progress in the research and development of diagnostic equipment and therapeutics undertaken by research institutes is expected to fuel the growth.
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In addition to this, there has been a surge in awareness regarding heath issues, which is boosting the demand for effective diagnostic tools. Moreover, this is expected to offer opportunities for the aptamer market in Europe and other deveoped regions such as North America.
Moreover, surge in knowledge sharing of pharmaceutical know-hows and technologies among established players is projected to boost the expansion of aptamer market during forecast period. Also, emergence of chemical modification process to boost the nuclease resistance of aptamers, and in turn, growth in therapeutic properties creates opportunities for players in the aptamer market. Also, it is expected that aptamers will meet an expanded scope in the food and beverage industry as biosensors.
Besides this, ongoing research and development activities have led to high adoption of aptamers, both, as drugs and drug-carriers. Moreover, their application as diagnostic tools is opening new profitable opportunities for manufacturers. Also, key players in the market are investing in development process to offset any challenges. For instance, Somalogic, Inc. introduced SOMAmer, a next generation selection platform to extract high quality aptamers for diverse applications.
Key Takeaways:
- High growth expansion is expected in Asia pacific market due to growth in knowledge sharing of technologies and pharmaceutical know-hows among prominent and local players.
- Methods such as Magnetic-assisted Rapid Aptamer Selection (MARAS) are anticipated to witness rapid adoption, owing to their simplified enzymatic steps, which amplifies the selection process.
- North America is expected to lead the market by the early bird’s advantage of advanced technologies that key players are taking advantage of in the region.
Growth Drivers:
- Growth of the market in Asia Pacific is driven by collaborative efforts taken by key players in developed regions to enter into untapped market.
- Surge in awareness regarding health issues is witnessed in various developed economies, which is boosting the demand for effective diagnostic tools. This is expected to create opportunities for the aptamer market.
- Continuous progress in the research and development of therapeutics and diagnostics equipment by research institutes is projected to demand an ongoing supply of aptamers.
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Restraints:
- Aptamers lack a standard regulatory process for quality and safety. However, the approval process remains stringent in developed regions such as Europe and North America. On the backdrop of lack of universal regulatory norms, the penetration of aptamers is very limited in these regions.
- Moreover, in regions such as Europe, there is a tedious documentation involved for starting clinical trials for aptamers.
- In regions such as Asia Pacific and Middle East & Africa, there is a low level of awareness regarding aptamers.
- Also, aptamers are relatively novel technology and some of its qualities are still unexplored. These factors act as a restraint to the growth of the market.
- Aptamers are expected to have a short life (minutes to hours), which acts as a restraint to practical application of aptamers in the development of therapeutics.
Aptamer Market – Assessment of Key Segments
By Application:
- Research
- Diagnostics
- Therapeutics
- Others
By Selection Technique:
- SELEX Technique
- Others
By Material:
- Nucleic Acid Aptamers
- Peptide Aptamers
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Rest of World
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