Global mRNA Vaccines & Therapeutics Market Overview:
mRNA is a versatile technology and offers a number of advantages. mRNA lacks genomic integration and its use led to transient expression of the encoded protein. This favorable safety profile makes mRNA exclusively attractive for vaccines and gene editing. mRNA is chemically well defined which ensures reproducible manufacturing at high yield, purity and activity. An improvement of lipid nanoparticle formulations as a vehicle for in vivo systemic delivery of mRNA has greatly favored the development of in vivo transfection strategies.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rapid advancement in technologies particularly in the healthcare sector
Market Growth Drivers:
Rise in prevalence of chronic diseases like diabetes, tuberculosis, cancer and certain other cardiovascular conditions and Government Support provided by various regions
Challenges:
Expensive research
Restraints:
High failure rated accompanied with problems faced in drug delivery
Opportunities:
Business dynamics present in Asia Pacific is expected to provide lucrative opportunity
Competitive Landscape:
The global mRNA therapeutics market for non-COVID-19 applications is favored by the clinical developments which have been taking place to development
Some of the key players profiled in the report are Argos Therapeutics (U.S), AstraZeneca (UK), Bayer (Germany), Boehringer Ingelheim (Germany), CRISPR Therapeutics (Switzerland), CureVac (Germany), ETheRNA immunotherapies (Belgium), Ethris (Germany), In-Cell-Art (France) and Intellia Therapeutics (U.S). Additionally, following companies can also be profiled that are part of our coverage like Janssen (Belgium), Kernal Biologics (U.S), MaxCyte (U.S), Moderna Therapeutics (U.S), Novartis (Switzerland), Precision NanoSystems (Canada) and RaNa Therapeutics (U.S). Analyst at AMA Research see Japan Players to retain maximum share of Global mRNA Vaccines & Therapeutics market by 2030. Considering Market by Mechanism of Action, the sub-segment i.e. Bioengineered Vaccine will boost the mRNA Vaccines & Therapeutics market.
Latest Market Insights:
In September 2022, Pfizer Inc. announced that the first participants have been dosed in a pivotal Phase 3 clinical trial to evaluate the efficacy, safety, tolerability, and immunogenicity of the company’s quadrivalent modified influenza mRNA vaccine candidate in approximately 25,000 healthy U.S. adults.
In MAY , 2022 The nonprofit scientific research organization IAVI and Moderna, Inc. a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, today announced that the first participant screenings are soon to start for a Phase I clinical trial of an mRNA HIV vaccine antigen (mRNA-1644) at the Center for Family Health Research (CFHR) in Kigali, Rwanda, and The Aurum Institute in Tembisa, South Africa.
What Can be Explored with the mRNA Vaccines & Therapeutics Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global mRNA Vaccines & Therapeutics Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in mRNA Vaccines & Therapeutics
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global mRNA Vaccines & Therapeutics market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in mRNA Vaccines & Therapeutics market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of mRNA vaccines & therapeutics, Suppliers of mRNA vaccines & therapeutics subcomponents, Wholesalers, distributers and retailers of mRNA vaccines & therapeutics, Pharmaceutical industry, Hospitals, Clinics, Research organizations and Governmental bodies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.