As per SNS Insider’s research, the mRNA therapeutics market is poised for substantial growth due to a combination of technological advancements, expanding applications, increased funding, and a shifting healthcare landscape toward personalized and precision medicine.
The SNS Insider report indicates that the mRNA therapeutics market had a valuation of USD 39.40 billion in 2022 and is projected to reach USD 45.40 billion by 2030, with a CAGR of 1.5% anticipated during the forecast period from 2023 to 2030.
Market Repot Scope
mRNA therapeutics, also known as messenger RNA therapeutics, represent an innovative and rapidly evolving field in medicine. These therapies are a revolutionary approach to treating a wide range of diseases and conditions, offering the potential to address previously challenging medical issues. mRNA, or messenger RNA, plays a crucial role in the body’s genetic code translation process. It carries instructions from DNA to the ribosomes, where proteins are synthesized. In mRNA therapeutics, scientists harness this natural process to develop groundbreaking treatments.
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Market Analysis
The mRNA therapeutics market has been experiencing significant growth in recent years, driven by a confluence of factors that are reshaping the landscape of medicine and biotechnology. One of the primary growth drivers for the market is the continuous refinement of RNA delivery technologies. Researchers are developing more efficient and targeted delivery methods, such as lipid nanoparticles and exosomes, which enhance the stability and specificity of RNA-based therapies. These advancements are opening doors to new treatment possibilities and expanding the scope of RNA therapeutics. The development of innovative RNA-based platforms, such as messenger RNA (mRNA) vaccines and RNA interference (RNAi) therapies, has gained significant attention. The success of mRNA vaccines against COVID-19 has accelerated the acceptance of RNA-based therapies and paved the way for their application in treating various diseases, including cancer, genetic disorders, and infectious diseases.
Major Players Listed in the Report are as Follows:
BioNtech AG, Translate Bio, Inc, Aros Therapeutics, AstraZeneca, Pfizer plc, Sangamo therapeutics, CureVac NV, Ethris GMBh, Etherna Immunotherapies., Crisper Therapeutics.
mRNA Therapeutics Market Segmentation as Follows:
By Application:
- Rare genetic disease
- Respiratory disease
- Infectious disease
By Type:
- Prophylactic vaccines
- Therapeutic Vaccines
- Therapeutic Drugs
By End User:
- Hospitals and clinics
- Research Organizations
Impact of Recession
The impact of a recession on the mRNA therapeutics market is multifaceted. While funding challenges and delays in clinical trials may pose significant obstacles, the potential for increased demand, innovation acceleration, and cost-effective solutions could present opportunities. Companies in this sector must adapt to the economic environment, prioritize efficiency, and demonstrate the value of their therapies to navigate the challenges presented by recessions successfully.
Impact of Russia-Ukraine War
The Russia-Ukraine war has introduced numerous challenges and uncertainties to the mRNA therapeutics market. While the industry remains resilient and adaptable, it must navigate disruptions in supply chains, regulatory hurdles, and the shifting geopolitical landscape to continue its critical work in developing innovative therapies and vaccines. The full extent of the impact will become clearer as the situation evolves and stabilizes.
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Key Regional Development
North America, particularly the United States, has been at the forefront of mRNA therapeutics development. Leading companies like Moderna and Pfizer-BioNTech are based in this region, fostering a strong research ecosystem. European nations have actively collaborated with American companies and institutions on mRNA research and development. The European Medicines Agency (EMA) has been open to evaluating and approving mRNA-based vaccines and therapies. The Asia-Pacific region is witnessing increased investment in mRNA therapeutics. Countries like China and Japan are channeling resources into research and development, aiming to catch up with Western counterparts.
Key Takeaway from mRNA Therapeutics Market Study
The Respiratory Disease Segment is emerging as a powerful driver of growth within the market. This shift can be attributed to the increasing prevalence of respiratory disorders, including chronic obstructive pulmonary disease (COPD), asthma, and respiratory infections like influenza and COVID-19.
The Prophylactic Vaccines Segment is another frontrunner in the market. The mRNA vaccines have proven their worth as a groundbreaking approach to preventing infectious diseases. They work by introducing a small piece of genetic information into cells, instructing them to produce a harmless spike protein found on the surface of a pathogen.
Recent Developments Related to mRNA Therapeutics Market
Myeloid Therapeutics, a cutting-edge biotechnology company specializing in mRNA-based therapies, has secured an impressive $73 million in funding to propel its innovative pipeline forward. This substantial investment underscores the growing excitement and confidence in the potential of mRNA technologies to revolutionize the field of therapeutics.
Innovac Therapeutics, a pioneering biotechnology company at the forefront of cutting-edge medical advancements, has recently secured an impressive $18 million in Series Pre-A financing. This substantial funding injection underscores the growing interest and confidence in the company’s innovative approach to tackling some of the most challenging healthcare issues of our time.
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Table of Content
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 mRNA Therapeutics Market Dynamics
Chapter 4 Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)
Chapter 5 Value Chain Analysis
Chapter 6 Porter’s 5 forces model
Chapter 7 PEST Analysis
Chapter 8 mRNA Therapeutics Market Segmentation, By Application
Chapter 9 mRNA Therapeutics Market Segmentation, By Type
Chapter 10 mRNA Therapeutics Market Segmentation, By End User
Chapter 11 Regional Analysis
Chapter 12 Company profile
Chapter 13 Competitive Landscape
Chapter 14 Use Case and Best Practices
Chapter 15 Conclusion
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