The Latin America Aptamers Market was worth $ 15.30 million in 2016 and estimated to reach $ 34.27 million by the end of 2021 with a growing potential of 17.50 %. Increasing usage of aptamers is the major factor that driving the growth Latin America region.
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Aptamers are used for used for clinical trials, new drug discovery which will bind to protein of interest as that of antibodies. They bind to target cells such as cancer cells and bacteria and make them inactive.
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Aptamers are used for multipurpose and of low cost which offer alternative solutions to the antibodies. Aptamers reveal vital advantages relative to protein therapeutics in terms of synthetic accessibility and modification by medicinal chemistry.
The Latin America market is driven by advanced technologies, increasing R&D investments in pharmaceutical and biotechnology industries, low cost and high efficacy of aptamers in binding. The restraints that are hindering the growth of the market are Ethical issues for the aptamers that are obtained from animals, Stringent regulations in use of aptamers.
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The Latin America Aptamers Market is broadly categorized by type into Peptide aptamers, Nucleic Acid aptamers. Nucleic Acid aptamers are further categorized into DNA-Based Aptamers, RNA-Based Aptamers, and XNA-Based Aptamers.
Based on Application the market is categorized into Therapeutics Development, Diagnostics, Research and Development and on the basis of end users the market is segmented into Pharmaceutical Companies, Bio-Pharmaceutical companies, Academic and Research Centres and on the basis of geography, the Latin America Aptamers market is analysed under various regions namely Brazil, Argentina, Mexico.
Major players operating in Latin America Aptamers market are AM Biotechnologies, Aptagen, Aptamer Sciences Inc., Aptamer Solutions Ltd., Aptus Biotech S.L., Base Pair Biotechnologies Inc., NeoVentures Biotechnology Inc., SomaLogic Inc, TriLink BioTechnologies Inc., and Vivonics, Inc.
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