Global Aptamers Market will Reach US$4.3 bn by 2019
The growing use of aptamers in drug discovery, pharmaceutical studies, as well as disease treatment will help drive the global aptamers market through the current decade, says Transparency Market Research in a recent study. The report is titled ‘Aptamers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.’ According to the report, the global aptamers market was valued at US$93.0 million in 2012, and it is expected that the market will reach a valuation of US$4,333.0 million by 2019. This translates to a remarkable CAGR of 73.1% between 2013 and 2019.
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However,
the report also warns that the growth in the global aptamers market
will be restrained to some extent ethical issues associated with
aptamers derived from animals. This drawback will be further compounded
by strict regulatory mandates designed around aptamers. However, these
drawbacks can be overcome by companies in the global aptamers market by
modifying aptamers chemistry. For instance, animal-derived aptamers can
be replaced by aptamers obtained via the in-vitro process.
For
the purpose of this study, the global aptamers market is segmented on
the basis of types, applications, and geography. The types of aptamers
studied in the report include peptide and nucleic acid aptamers. The
segment of nucleic acid aptamers was not only the largest as of 2012,
but is also expected to be the fastest growing over the report’s
forecast period. This is chiefly owing to the widespread use of nucleic
acid aptamers in the R&D sector.
Likewise,
the applications analyzed in the report are: Diagnostics, therapeutics
development, research and development, and others. Of these, the
diagnostics segment will report consistent growth over the next four
years as the demand for aptamers for biomedical diagnostics, biomarker
development, and molecular imaging remains steady. However, in terms of
pace of growth, therapeutics development applications will outpace all
other application segments over the report’s forecast period.
From
the geographical standpoint, the aptamers market for the following
regions is studied: North America, Asia Pacific, Europe, and Rest of the
World. Thanks to several key players in the aptamers market being based
in the United States, the North America region was identified as the
largest market for aptamers in 2012. This factor also creates an
environment that fosters R&D related to aptamers.
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The
Europe aptamers market was the second largest from the global
standpoint. According to the findings of the report, Europe constituted
about 35% of the global aptamers market in 2012. Small scale industries
play a key role in keeping the Europe aptamers market firmly on the
growth track. The Asia Pacific market is currently brimming with
opportunities in diagnostics and pharmaceuticals, enabling the region to
post the highest CAGR between 2013 and 2019.
TMR’s
report also conducts a detailed analysis of the competitive scenario in
the global aptamers market, which is characterized by intense
competition. A high degree of competition has stimulated higher
investments the development of novel aptamers. Leading market
participants include: Somalogic, Inc., Aptamer Science, Inc. NOXXAN
Pharma AG, and Aptagen, Inc.
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