How Has the Lipid Nanoparticles Market Size Evolved in Recent Years?
The lipid nanoparticles market has seen considerable growth due to a variety of factors.
• The market size for lipid nanoparticles has experienced swift growth in the recent past. It's projected to grow from a value of $1.04 billion in 2024 to $1.22 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 17.3%.
The significant growth during the historical period can be linked to an increased emphasis on the creation of LNP-centered medications, substantial investment in research facilities, and a rise in healthcare spending.
What Is The Forecast For The Lipid Nanoparticles Market Size?
The lipid nanoparticles market is expected to maintain its strong growth trajectory in upcoming years.
• Over the coming years, the lipid nanoparticles market is forecasted to experience significant expansion. The market worth is predicted to reach $2.27 billion by 2029, displaying a compound annual growth rate (CAGR) of 16.9%.
Various factors contributing to this projected growth during the forecast period include the escalating prevalence of chronic illnesses, the growing demand for RNA-based treatments, the need for superior gene delivery systems, an increasing concentration on personalized medicines, and a surge in research and development investment. Key trends influencing this market during the forecast period involve developments in drug delivery technologies, innovative drug administration systems, and the incorporation of artificial intelligence in lipid nanoparticles (LNP) development.
What Are The Essential Drivers Behind The Growth Of The Lipid Nanoparticles Market?
The escalation of chronic illnesses is fueling the expansion of the lipid nanoparticles (LNPs) market. Chronic illness, typically persisting for over three months, encompasses conditions like diabetes, hypertension, among others. Factors such as unhealthy lifestyle choices, aging demographic, tobacco consumption, inadequate nutrition, physical idleness, and excessive alcohol intake are contributing to the surge in chronic disease cases. LNPs offer a pragmatic solution for chronic disease management, enhancing the performance of mRNA therapeutics and vaccines. They enrich the treatment options for numerous chronic diseases, providing promising management alternatives and potential improvements in patient outcomes. For instance, the UK's National Health Service revealed in June 2024 that in 2023, more than half a million (549,000) new individuals in England were discovered to be at risk of type 2 diabetes. This took the total registry of people with non-diabetic hyperglycemia or pre-diabetes to 3,615,330, an approximately 20% increase from 3,065,825 in 2022. Thus, this upsurge in chronic disease prevalence is acting as a catalyst for the growth of the lipid nanoparticle market.
How Is The Global Lipid Nanoparticles Market Divided Into Key Segments?
The lipid nanoparticles market covered in this report is segmented –
1) By Type: Nano-Structured Lipid Carriers (NLCs), Solid Lipid Nanoparticles (SLNs), Other Types
2) By Application: Research, Therapeutics
3) By End User: Pharmaceutical And Biotechnology Companies, Academics And Research Centers, Other End Users
Subsegments:
1) By Nano-Structured Lipid Carriers (NLCs): Hard NLCs, Soft NLCs
2) By Solid Lipid Nanoparticles (SLNs): Conventional SLNs, Modified SLNs
3) By Other Types: Lipid-Core Micelles, Liposomes
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What Emerging Trends Are Influencing The Growth Of The Lipid Nanoparticles Market?
Leading companies in the lipid nanoparticles (LNPs) market are introducing innovations in circular RNA (circRNA) and lipid nanoparticle (LNP) formulations to stay ahead of competition. The growth of circRNA and LNP formulation widens the spectrum of RNA formats offered, which now includes circRNA, a single-stranded RNA that forms a covalently closed loop. In September 2023, GenScript Biotech, an American life sciences firm, broadened its reagent services to incorporate circRNA and LNP formulation. These additions are in line with GenScript's pledge to offer protein replacement treatments and gene and cell therapies. They are instantly accessible as part of GenScript's contract-manufactured reagent services. Moreover, circRNA has several benefits over traditional linear RNA, including enhanced stability, slower degradation, and the ability to achieve optimal therapeutic protein levels at lower doses.
Who Are the Key Players In The Lipid Nanoparticles Market?
Major companies operating in the lipid nanoparticles (LNPs) market report are:
• Pfizer Inc.
• Johnson & Johnson
• AbbVie Inc.
• Bayer AG
• Abbott Laboratories
• Amgen Inc
• The Merck Group
• Evonik Industries AG
• BioNTech SE
• Moderna Inc.
• Sanofi SA
• Solid Biosciences Inc.
• AstraZeneca PLC
• NOF Corporation
• Alnylam Pharmaceuticals Inc.
• Nanomerics Ltd.
• CordenPharma International
• Nippon Fine Chemical
• Helix Biotech Inc.
• Dicerna Pharmaceuticals
• Gattefossé SAS
• Arbutus Biopharma
• Avanti Polar Lipids
• IOI Oleo GmbH
• Evox Therapeutics Ltd.
What Are The Regional Insights Into The Lipid Nanoparticles Market?
North America was the largest region in the lipid nanoparticles (LNPs) market in 2024. The regions covered in the lipid nanoparticles (LNPs) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
