Global Aptamers Market to grow at a CAGR of 19.90% from 2018 to 2023
The report published by Knowledge Sourcing Intelligence titled “Global Aptamers Market - Forecast From 2018 to 2023” studies the various factors affecting the market for aptamers. The report has been segmented by Type (DNA based Aptamers, RNA based Aptamers, Peptide based Aptamers), Application (Therapeutic, Diagnostics, Others) and End Users (Pharmaceutical companies, Biotechnology Companies, Research Institutes).
In addition, the market for aptamers has been estimated based on the geography, covering five regions namely North America, South America, Europe, Middle East and Africa, and Asia Pacific, and some of the major economies in each of these regions. The demand for aptamers is driven by extreme versatility due to which they bind the target that is highly selective and specific including proteins, peptides, and carbohydrates. Low cost and high efficiency of aptamers coupled with the diverse range of applications offered by the aptamers will further boost the market for aptamers during the given forecast period. However, low awareness level coupled with the rising number of setbacks of aptamer therapeutics in late-stage clinical studies might hinder the growth of the market during the given time frame.
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By application, Diagnostics is projected to hold significant market share in the global aptamers market in 2018.
It is estimated that the diagnostics will hold a substantial share in 2018 and will grow at a modest rate owing to the rising investment by the major players for the research and development of the aptamers for the diagnostic purpose that will overcome the limitation of the traditional pharmaceutical drug discovery process. Increasing demand for aptamers in biomedical diagnosis, biomarker development and molecular imaging and disease treatment will also drive the market during the given forecast period.
The North America region is estimated to have a noteworthy share the market throughout the forecast period.
The demand for aptamers was comparatively high in the North America region owing to the number of research activities in the region coupled with the presence of a number of key players. Asia-Pacific is expected to grow at a robust CAGR. The growth is fuelled by the rising number of pharmaceutical research activities in the region.
This report also includes a study of strategies and product portfolios of some of the leading companies in the global aptamer market. It consists of company profiles of the leading companies such as Aptagen LLC, Aptamer Group, and Aptus Biotech, among others.
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