InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global In-vitro Transcription Templates Market – (By Disease Type (Cancer (Solid Tumors, Colorectal Cancer, NSCLC, Melanoma, Leukemia, Prostate Cancer, Others), Infectious Disease (Influenza, COVID-19, AIDS, Others), Lifestyle Disease, Genetic Disease, Others), By Treatment (Vaccine, Therapeutic), By Research Stage (Exploratory, Clinical), By End-User (Pharmaceutical & Biotechnology Companies, CROs & CMOs, Academics & Research, Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”
According to the latest research by InsightAce Analytic, the Global In-vitro Transcription Templates Market is valued at US$ 277.57 Mn in 2023, and it is expected to reach US$ 1,134.16 Mn by 2031, with a CAGR of 19.53% during the forecast period of 2024-2031.
In-vitro transcription templates called DNA sequences create RNA molecules in a lab setting. The transcription process can be initiated, and RNA molecules with specific sequences can be produced using these templates. A game-changer in molecular biology research, in-vitro transcription opens possibilities for future discoveries. The pharmaceutical sector is showing a lot of interest in RNA-based treatments. Opportunities for market participants to partner with pharmaceutical companies in creating new medicines are presented by in-vitro transcription templates, which are essential in RNA therapeutics. Innovations in gene-editing technology and molecular biology procedures constantly open new possibilities for in-vitro transcription templates. Industry participants can make use of these developments to create transcription templates that are more accurate and efficient. The rise in investments in research and development (R&D) aimed at developing more affordable treatments is likely to open up promising prospects for market growth. However, the high cost of instruments and the maintenance of transcription tablets impeded the market’s growth.
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List of Prominent Players in the In-vitro Transcription Templates Market:
- Thermo Fisher Scientific Inc.
- Promega Corporation
- Agilent Technologies, Inc.
- New England Biolabs
- Takara Bio Inc.
- LGC Limited
- Enzynomics Co. Ltd.
- Enzo Life Sciences, Inc.
- Danaher Corporation
- Genscript Biotech Corporation
- Eurofins Genomics LLC
- TriLink Biotechnologies LLC
- Bioline GMBH
- Lucigen Corporation
- Other Prominent Players
Market Dynamics:
Drivers-
The growing demand for the in-vitro transcription templates market is fueled by several government programs and initiatives encouraging scientific research and development. To foster innovation in the sector, these projects offer financial support to researchers. The high demand for in-vitro transcription templates is being generated by the growing interest in RNA-based research, which encompasses gene expression studies, transcriptomics, and RNA therapies. Research into the many possible uses of RNA molecules is fueling the industry’s expansion.
Challenges:
The prime challenges are strict rules and regulations, a shortage of competent individuals, and a lack of norms and protocol because of lockdowns and isolation in emerging countries, which are predicted to slow the growth of the in-vitro transcription templates market. Regulatory and ethical questions arise when in-vitro transcription templates are used, especially in gene editing and RNA therapies. Market participants may face obstacles because of ethical concerns and strict rules around gene editing and human studies. The knowledge of biological methods is essential for success in the in-vitro transcription industry. Nevertheless, an inadequate supply of properly qualified workers could hinder the market’s acceptance and expansion.
Regional Trends:
The Asia Pacific in-vitro transcription templates market is anticipated to register a major market share in terms of revenue. It is projected to grow at a high CAGR in the near future because of the growing research and development activities of both small and major companies. Businesses in APAC are thriving because their leaders are adopting integrated enterprise and business solutions, which allow for more adaptability and speed in daily operations.
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Recent Developments:
- In Sept 2023, GenScript Biotech Corporation enhanced its IVT mRNA synthesis offerings by introducing personalized circular RNA (circRNA) and lipid nanoparticles (LNPs) formulation services. GenScript has promptly introduced new contract-manufactured reagent services as a demonstration of their dedication to offering state-of-the-art reagents that facilitate progress in areas such as vaccine development, protein replacement therapies, and gene and cell therapy.
- In September 2022, Thermo Fisher Scientific unveiled tailored Dynabeads technologies that facilitate the large-scale synthesis of mRNA. The Dynabeads™ Streptavidin for In Vitro Transcription & Dynabeads Carboxylic Acid for RNA Purification solutions facilitated the large-scale production and purification of mRNA for vaccine development and manufacturing at a Good Manufacturing Practice (GMP) level.
Segmentation of In-vitro Transcription Templates Market-
By Disease Type-
- Cancer
- Solid Tumors
- Colorectal Cancer
- NSCLC
- Melanoma
- Leukemia
- Prostate Cancer
- Others
- Infectious Disease
- Influenza
- COVID-19
- AIDS
- Others
- Lifestyle Disease
- Genetic Disease
- Others
By Treatment
- Vaccine
- Therapeutic
By Research Stage
- Exploratory
- Clinical
By End-User
- Pharmaceutical & Biotechnology Companies
- CROs & CMOs
- Academics & Research
- Others
By Region-
North America-
- The US
- Canada
- Mexico
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- South East Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
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