CNS Specific Antisense Oligonucleotide Market, By Type, By Application, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2024-2032
CNS Specific Antisense Oligonucleotide Market size was valued at USD 5,114 Million in 2023, expanding at a CAGR of 22.5% from 2024 to 2032.
CNS-specific antisense oligonucleotides (ASOs) are a specific type of therapeutic agent that have been designed to target and regulate gene expression within the central nervous system. These ASOs are short, single-stranded DNA or RNA molecules that have the ability to selectively bind to complementary RNA sequences. This binding process can result in a range of cellular effects, including the degradation of the targeted RNA or the modulation of its splicing. The development of CNS-specific ASOs holds great promise for the treatment of previously challenging neurological disorders. By offering a targeted approach to modulating gene expression, these molecules have the potential to address the root causes of diseases rather than simply managing their symptoms. The FDA has already approved the use of ASOs for the treatment of ten genetic diseases, and ongoing research is exploring their potential for many more.
CNS Specific Antisense Oligonucleotide Market- Market Dynamics
Increasing Prevalence of CNS Disorders is projected to drive the growth of market
CNS-specific antisense oligonucleotides present a targeted therapeutic approach in precision medicine, focusing on specific genes or pathways implicated in CNS disorders. This method holds the potential to offer more effective and safer treatment alternatives compared to broad-spectrum treatments. According to a recent United Nations report, approximately one billion individuals, accounting for nearly one in six of the global population, suffer from neurological disorders such as Alzheimer's disease, Parkinson's disease, strokes, multiple sclerosis, epilepsy, migraines, brain injuries, and neuroinfections. Tragically, these maladies claim the lives of approximately 6.8 million people annually. Moreover, ongoing advancements in drug delivery technologies and research and development investments offer promising growth opportunities for the market. However, the high costs associated with development may impede market growth.
CNS Specific Antisense Oligonucleotide Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 22.5% over the forecast period (2024-2032)
Based on Application segmentation, Online Pharmacies was predicted to show maximum market share in the year 2023
On the basis of region, North America was the leading revenue generator in 2023
CNS Specific Antisense Oligonucleotide Market- Segmentation Analysis:
The Global CNS Specific Antisense Oligonucleotide Market is segmented on the basis of Type, Application, and Region.
The market is segmented into four classifications according to Type: Polyneuropathy Treatment, Spinal Muscular Atrophy (SMA) Treatment, and Huntington's disease Treatment. These classifications encompass various neurological conditions, and CNS-specific ASOs are currently under investigation as potential therapeutic interventions. It is crucial to acknowledge that the landscape of drug development can undergo rapid changes, and the information presented here may be subject to alteration.
The market is divided into three categories based on application: Hospital Pharmacies, Retail Pharmacies and Online Pharmacies. The market is predominantly controlled by the Online Pharmacies segment. These digital platforms offer a convenient solution for patients to purchase prescription medications, including those used to treat neurological disorders, without the need to physically visit a traditional pharmacy.
CNS Specific Antisense Oligonucleotide Market- Geographical Insights
CNS Specific Antisense Oligonucleotide market is geographically widespread across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided based on the countries involved in business activities. The growth of the market is expected to be dominated by North America, primarily due to the increasing demand for antisense drugs and rising healthcare expenditure. North America, particularly the United States and Canada, has advanced healthcare infrastructure, including state-of-the-art research facilities, clinical trial capabilities, and a robust regulatory framework. In 2021, the U.S. spent 17.8 percent of its gross domestic product (GDP) on healthcare, which is nearly twice the average of OECD countries, as stated in the report U.S. Health Care from a Global Perspective. Additionally, the growing demand for advanced therapeutic interventions, especially for the treatment of challenging conditions like neurodegenerative disorders, creates a favorable environment for the adoption of CNS-specific antisense oligonucleotide therapies. Furthermore, the continuous advancements in delivery technologies and the global expansion of CNS-specific antisense oligonucleotide therapies may provide growth opportunities for the market. However, regulatory challenges and safety concerns could potentially hinder the market's growth.
CNS Specific Antisense Oligonucleotide Market- Competitive Landscape:
The competitive landscape of the CNS-Specific Antisense Oligonucleotide Market has witnessed significant advancements in the biotechnology and pharmaceutical industry. These advancements have been driven by innovative strategies aimed at targeting disease-related proteins. However, the development of new drugs in this field requires a substantial investment of time, effort, and resources. Therefore, it is crucial for the market to evaluate the technological platforms utilized by different companies in the development of CNS-specific antisense oligonucleotides. Factors such as delivery methods, targeting specificity, and novel technologies play a pivotal role in this assessment. The increasing number of approved nucleic acid therapeutics further emphasizes the potential of treating diseases by targeting their genetic blueprints in vivo. Unlike conventional treatments that primarily focus on proteins, these therapeutics offer the advantage of addressing the underlying causes of diseases. One notable player in this market is Wave Life Sciences, a biotechnology company specializing in RNA therapeutics. Wave has dedicated its pipeline to CNS-specific antisense oligonucleotides, making it essential to analyze their technology platform and differentiation strategies within this context.
Recent advancements:
In October 2023, Biogen Inc. announced new Phase 1b clinical data for BIIB080, an investigational antisense oligonucleotide therapy targeting tau in mild Alzheimer's disease. The data showed promising trends in cognition and daily activities among patients with Alzheimer's disease, building upon previous results that demonstrated a reduction in tau protein levels in the cerebral spinal fluid and tau positron emission tomography across different brain regions.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL CNS SPECIFIC ANTISENSE OLIGONUCLEOTIDE MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Akcea Therapeutics, Inc.
Ionis Pharmaceuticals Inc.
Biogen Inc.
Sarepta Therapeutics
Wave Life Sciences Ltd.
Dynacure
ProQR Therapeutics N.V.
Stroke Therapeutic Inc.
GLOBAL CNS SPECIFIC ANTISENSE OLIGONUCLEOTIDE MARKET, BY TYPE- MARKET ANALYSIS, 2019 - 2032
Polyneuropathy Treatment
Spinal Muscular Atrophy (SMA) Treatment
Huntington's Disease Treatment
GLOBAL CNS SPECIFIC ANTISENSE OLIGONUCLEOTIDE MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
GLOBAL CNS SPECIFIC ANTISENSE OLIGONUCLEOTIDE MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA
Table of Contents
1. CNS Specific Antisense Oligonucleotide Market Overview
1.1. Study Scope
1.2. Market Estimation Years
2. Executive Summary
2.1. Market Snippet
2.1.1. CNS Specific Antisense Oligonucleotide Market Snippet by Type
2.1.2. CNS Specific Antisense Oligonucleotide Market Snippet by Application
2.1.3. CNS Specific Antisense Oligonucleotide Market Snippet by Country
2.1.4. CNS Specific Antisense Oligonucleotide Market Snippet by Region
2.2. Competitive Insights
3. CNS Specific Antisense Oligonucleotide Key Market Trends
3.1. CNS Specific Antisense Oligonucleotide Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. CNS Specific Antisense Oligonucleotide Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. CNS Specific Antisense Oligonucleotide Market Opportunities
3.4. CNS Specific Antisense Oligonucleotide Market Future Trends
4. CNS Specific Antisense Oligonucleotide Industry Study
4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. CNS Specific Antisense Oligonucleotide Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. CNS Specific Antisense Oligonucleotide Market Landscape
6.1. CNS Specific Antisense Oligonucleotide Market Share Analysis, 2023
6.2. Breakdown Data, by Key Manufacturer
6.2.1. Established Players' Analysis
6.2.2. Emerging Players' Analysis
7. CNS Specific Antisense Oligonucleotide Market - By Type
7.1. Overview
7.1.1. Segment Share Analysis, By Type, 2023 & 2032 (%)
7.1.2. Polyneuropathy Treatment
7.1.3. Spinal Muscular Atrophy (SMA) Treatment
7.1.4. Huntington's Disease Treatment
8. CNS Specific Antisense Oligonucleotide Market - By Application
8.1. Overview
8.1.1. Segment Share Analysis, By Application, 2023 & 2032 (%)
8.1.2. Hospital Pharmacies
8.1.3. Retail Pharmacies
8.1.4. Online Pharmacies
9. CNS Specific Antisense Oligonucleotide Market- By Geography
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2023 & 2032 (%)
9.2. North America
9.2.1. Overview
9.2.2. CNS Specific Antisense Oligonucleotide Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
9.2.4. North America Market Size and Forecast, By Type, 2019 - 2032 (US$ Million)
9.2.5. North America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)