Aptamers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030
Aptamers Market: Overview
The aptamers market has been estimated to experience noteworthy growth opportunities during the forecast period. This rapidly increasing market growth has been attributed to the increasing number of clinical trials, growing cases of chronic and other rare diseases, and rising investment in the R & D activities in pharmaceutical companies. In addition to this, increasing awareness related to the advantages of the aptamers compared to the antibodies are also boosting growth impetus in the market in the years to come.
There has also been a noticeable increase in the venture capital funding for different research activities on aptamers. Further, increasing rates of collaborations with pharmaceutical companies and research institutes are predicted to offer extensive growth opportunities for the players serving in the global market.
On the other hand, there has been low acceptance for the aptamers compared to the antibodies, and this factor is expected to curtail the growth opportunities during the forecast period in the market. Further, the shortage of trained and skilled professionals in the market can also impact growth impetus to some extent.
Aptamers Market: Key Trends
The antibodies have a few limitations to target small molecules. But, the aptamers can perform effectively to target the small molecules. These can bind with small molecules and dyes, so these can be used easily in traditional diagnostic kits. This factor has been estimated to extend the application of aptamers in point-to-care diagnostics. Thus, based on these factors, the aptamer market has been expected to grow at a noteworthy speed in the forthcoming years.
Aptamers have the capability to bind with large molecules. The majority of the molecules are estimated to be proteins, and it makes the diagnostics kits and biomarkers easier to discover. These factors are likely to fuel expansion opportunities in the market in the years to come.
The antibodies have been developed by raising the immune response in recombinant DNA technology or animal model. On the flip side, aptamers have the ability to synthesize with the use of chemical methods that are less costly. Thus, owing to these factors, aptamers have been more appealing to develop novel diagnostic kits and therapeutic drugs.
Aptamers Market: Competitive Dynamics and Key Developments
The key players serving in the aptamers market are using various development strategies in order to bolster the growth opportunities in the forthcoming years. Some of these market strategies include acquisitions, mergers, innovations, partnerships, new product launches, geographical expansion, product approvals, and strategic collaborations that have been applied by the prominent companies to create expansion avenues in the market.
For instance, BizCom Japan, Inc. and Aptamer Group has established an agreement in August 2021. The motive of this distribution and marketing agreement is to market discovery and development of Optimer services in Japan.
Some key players in the aptamers market are:
Aptamers Market: Regional Assessment
The aptamers market can be bifurcated into five different regions including North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. Among these geographical areas, the North America region has been predicted to hold a noticeable share in the market. This market dominance has been on the back of increasing collaboration among major companies, presence of the prominent market players, and the availability of funds for the development of innovative technologies.
The Asia Pacific region has also been expected to record a significant growth rate during the forecast period. This market growth is due to the increasing concentration on the discovery and development of drugs. In addition to this, the rising rate of development of aptamer-based items and increasing R & D activities are also fueling growth impetus in the market.
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