About Moderna Vaccine
COVID-19 Vaccine Moderna is a vaccine for preventing coronavirus disease 2019 (COVID-19) in people aged 18 years and older. COVID-19 Vaccine Moderna contains a molecule called messenger RNA (mRNA) with instructions for producing a protein from SARS-CoV-2, the virus that causes COVID-19. COVID-19 Vaccine Moderna does not contain the virus itself and cannot cause COVID-19.COVID-19 Vaccine Moderna is given as two injections, usually into the muscle of the upper arm, 28 days apart
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 20.73% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Moderna Vaccine market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Moderna, Inc. (United States), CureVac (Germany), BioNTech (Germany), Sanofi, Pfizer, GlaxoSmithKline plc, Merck & Co Inc, Inovio pharmaceuticals Inc, Bavarian Nordic, Mitsubishi Tanabe Pharma Corporation, Novartis AG and Moderna are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Moderna Vaccine market by and Region.
On the basis of geography, the market of Moderna Vaccine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User, the sub-segment i.e. Laboratories will boost the Moderna Vaccine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Funding for Research and Development Activities to Develop the Moderna Vaccine
Market Growth Drivers:
Growing Strategic Partnerships among Various Biotech and Pharmaceutical Firms and Rising Number of Geriatric Population and People Suffering from Preexisting Conditions including Respiratory Conditions, Diabetes, and Heart Diseases
Challenges:
Strict Government Rules and Regulations
Restraints:
Uncertainty in the Efficacy and Side Effects of Repurposed Malaria Drugs Targeting COVID-19
Opportunities:
Adoption of New Tools to Expedite Drug Discovery and Investments in Real-world Evidence by Pharmaceutical Companies
Market Leaders and their expansionary development strategies
In May 2022, Moderna, Inc., a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, and Takeda announced to transfer the marketing authorization in Japan for Moderna’s COVID-19 vaccine SpikevaxTM from Takeda to Moderna in Japan. Moderna will assume responsibility for all Spikevax™ activities, including import, local regulatory, development, quality assurance, and commercialization with the support of Takeda's distribution.
In Nov 2020, Moderna, Inc. announced that the independent, NIH-appointed Data Safety Monitoring Board (DSMB) for the Phase 3 study of mRNA-1273, its vaccine candidate against COVID-19, has informed Moderna that the trial has met the statistical criteria pre-specified in the study protocol for efficacy, with a vaccine efficacy of 94.5%. This study, known as the COVE study, enrolled more than 30,000 participants in the U.S. and is being conducted in collaboration with the National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health (NIH), and the Biomedical Advanced Research and Development Authority (BARDA), part of the Office of the Assistant Secretary for Preparedness and Response at the U.S. Department of Health and Human Services.
Key Target Audience
Moderna Vaccine Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.