Rising statistics of infection incidence and genetic cancer cases are main factors influencing growth of RNAi technology market. Moreover, advancement in the RNAi technology and approval from government bodies and medical association are likely to propel market in coming years.
For example, as a result of FDA approval in favour of RNAi technology in North America, RNAi technology market is anticipated to witness rapid growth in the region.
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Some of the significant factors contributing to expansion of RNAi technology market are-
- Number of chronic diseases is increasing exponentially. Hence, the demand for better treatment technology is also rising.
- Growing geriatric population is one of the key factors deciding growth of the RNAi technology market. This section of population is highly susceptible to infectious disease and cancer. As a result, RNAi technology market is anticipated to boom in coming years.
- Further, ongoing research and development activities are likely to present lucrative growth opportunities for expansion of RNAi technology market. The companies are striding to provide the best of technologies for treatment of the diseases and inhibition of growth of infectious cells. Thus, the companies are investing substantially in research and development.
Introduction of New Technology to Strengthen Foothold of Companies
Introduction of new technologies in the market is also one of the strategies to multiply consumer base of RNAi technology. This, in turn, will help the companies strengthen their foothold in global RNAi technology market.
Moreover, apart from product improvement and technology introduction, some of the companies are also undertaking business strategy to expand their presence in various regions. Some of the strategies are collaborations, and mergers and acquisitions. These strategies ensure future growth of the companies.
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Some of the key companies in RNAi technology market are- Horizon discovery Group Plc, Merck KGaA, Bio-Rad Laboratories, Hoffmann-La Roche Ltd, Dicerna Pharmaceuticals, Arrowhead Pharmaceuticals, Alnylam Pharmaceuticals Inc., Thermo Fisher Scintific, Thermo Fisher Scintific, QIAGEN NV, Silence Therapeutics, Quark Pharmaceuticals, Arcturus Therapeutics Ltd., and Ionis Pharmaceuticals,