The market for mRNA vaccines and therapeutics is expected to reach about US$12.1 million by 2030, with a CAGR of 1.7% over the forecast period from 2023 to 2030.








Farmington, January 18, 2023 (GLOBE NEWSWIRE) — Global Market for mRNA vaccines and therapeutic agents was valued at US$707.97 million in 2022 and is projected to reach US$12.1 billion by 2030 at a CAGR of 1.7% between 2022 and 2030. An mRNA vaccine is a nucleic acid-based vaccine that contains messenger RNA and tells the patient’s cells to produce proteins as a treatment option. This vaccine can keep itself in check. mRNA vaccines use a mechanism within the host cell to convert mRNA into antigens that the immune system can recognize. When mRNA vaccines are used, there is no chance that the body will produce infectious particles. Messenger ribonucleic acid, or mRNA, is the only protein-coding gene in the genome that tells the cell how to make proteins. mRNA-based vaccines and RNAi-based therapeutics are made in the laboratory from mammalian cells and have good immunological properties.

Request a sample copy of the report “mRNA Vaccines & Therapeutics Market – Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Impact of Covid-19, SWOT Analysis, Competition and Forecasts 2022-2030”, published by Contrive Datum Insights.

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Regional overview:

North America will account for over 5% of the market in 2021 and will grow the fastest during the forecast period. The North American market will be driven by the availability of big money for research, the growth of federal RNA drug discovery programs, and the growing number of clinical trials. For example, in November 2020, the National Institutes of Health (NIH), the Department of Defense (DoD), and federally funded academic laboratories helped Graham et al. with their basic research, which is an important part of the rapid development of a COVID-19 vaccine. Since the start of the pandemic, the government has given vaccine manufacturers an additional $10,500,000,000 to help them get their products to people faster.

Report Scope:

Report Attributes

Details

growth rate

average annual growth rate 1.7% from 2023 to 2030.

Revenue forecast for 2022

US$707.97 million

Type

Standardization of Cancer Treatment MRNA Vaccine, Individual Cancer Treatment MRNA Vaccine, Treatment of Infectious Diseases MRNA Vaccine, MRNA Vaccine to Prevent Infections, Other

By application

Hospital, Polyclinic, Other

By type of treatment

Monoclonal antibody, gene therapy, cell therapy, other

By companies

Argos Therapeutics, AstraZeneca, Bayer, BioNTech, Boehringer Ingelheim, CRISPR Therapeutics, CureVac, eTheRNA immunotherapy, Ethris, GlaxoSmithKline Vaccines, In-Cell-Art, Intellia Therapeutics, Janssen, Kernal Biologics, MaxCyte, Moderna Therapeutics, Novartis, PhaseRx, Precision NanoSystems , RaNa Therapy

Regions and countries covered

  • North America: (USA, Canada, Mexico, rest of North America)

  • Europe (Germany, France, Italy, Spain, UK, Nordic countries, Benelux, rest of Europe)

  • Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)

  • Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, rest of the Middle East and Africa)

  • Latin America (Brazil, Argentina, rest of Latin America)

  • Rest of the world

Base year

2022

historical year

from 2017 to 2022

Projected year

from 2023 to 2030

Market Dynamics

Chronic diseases such as cancer, heart disease, lung disease, chronic kidney disease (CKD), and rare diseases such as propionic acidemia, methylmalonic acidemia, glycogen disease, phenylketonuria, and metabolic and immune disorders are driving the growth of this market. Caused by an increase in the number of cases. Globocan reports that in December 2020 there were 19 million new cancer cases and 10 million cancer deaths worldwide. In addition, the popularity of mRNA vaccines, the development of personalized cancer treatments, and an extensive portfolio of new products are driving demand for mRNA vaccines and therapeutics, which will help the industry grow over the forecast period.

Operators are likely to invest more in developing advanced and effective drugs and vaccines, which is likely to help the industry grow in the next few years. For example, in April 2021, American mRNA therapeutic developer Arcturus Therapeutics joined forces with Axcelead, Inc. to establish a Japanese company in Chiba Prefecture and is building a manufacturing facility in Minamisoma City, Fukushima Prefecture. In the coming years, these investments are likely to fuel the growth of the industry.

Main segments covered:

Top market players:
Argos Therapeutics, AstraZeneca, Bayer, BioNTech, Boehringer Ingelheim, CRISPR Therapeutics, CureVac, eTheRNA immunotherapy, Ethris, GlaxoSmithKline Vaccines, In-Cell-Art, Intellia Therapeutics, Janssen, Kernal Biologics, MaxCyte, Moderna Therapeutics, Novartis, PhaseRx, Precision NanoSystems , RaNa Therapeutics and others.

Type

  • Standardization of an mRNA vaccine for the treatment of cancer
  • Customized mRNA vaccine for cancer treatment
  • Infectious Disease Treatment MRNA Vaccine
  • MRNA vaccine to prevent infections
  • Another

By application

By type of treatment

  • monoclonal antibody
  • Gene therapy
  • Cell Therapy
  • Other

Regions and countries covered

  • North America: (USA, Canada, Mexico, Rest of North America)
  • Europe: (Germany, France, Italy, Spain, UK, Nordic countries, Benelux, rest of Europe)
  • Asian-Pacific area: (Japan, China, India, Australia, South Korea, Southeast Asia, the rest of the Asia-Pacific region)
  • Middle East and Africa: (Saudi Arabia, UAE, Egypt, South Africa, rest of the Middle East and Africa)
  • Latin America: (Brazil, Argentina, rest of Latin America)
  • Rest of the world

Check out other studies published by Contrive Datum Insights:

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  • Drug market for dermatophytosis – The global IoT-enabled industrial wearable device market was valued at $1.3 billion in 2022, growing at a CAGR of 23.8% over the analyzed period. Over the forecast time, 42% of market growth will come from North America.
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