Global mRNA Therapeutics Market

mRNA Therapeutics Market Size, Share, Growth Analysis, By Type (Prophylactic Vaccines, Therapeutic Vaccines, Therapeutic Drugs), By Application (Rare Genetic Diseases, Oncology, Respiratory Diseases, Infectious Diseases), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35A2547 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 65 | Figures: 75

mRNA Therapeutics Market Competitive Landscape

The competitive environment of the global mRNA therapeutics market is made up of several key players. There is a mix of renowned pharmaceutical companies and rising biotech startups, along with innovative research institutes. Some industry leaders in this market are Pfizer, Moderna, CureVac, Translate Bio, BioNTech, and Arcturus Therapeutics.

Moderna and Pfizer collaborated frequently with BioNTech during the COVID-19 pandemic. They developed pioneer mRNA COVID-19 vaccines, helping fight the virus globally. This development has steeled their place at the top of the market. The market’s top dogs use their extensive expertise of the mRNA technology, along with their huge production capacity, to maintain their share of the market.

Top Player’s Company Profiles in mRNA Therapeutics Market

  • CureVac AG (Germany)
  • Roche Holding AG (Switzerland)
  • GlaxoSmithKline plc (United Kingdom)
  • Sanofi SA (France)
  • Dynavax Technologies Corporation (USA)
  • Arcturus Therapeutics Holdings Inc. (USA)
  • AstraZeneca plc (United Kingdom)
  • Regeneron Pharmaceuticals, Inc. (USA)
  • Alnylam Pharmaceuticals, Inc. (USA)
  • Gilead Sciences, Inc. (USA)
  • Mylan N.V. (USA)
  • Novartis AG (Switzerland)
  • Modulus Therapeutics, Inc. (USA)
  • Catalent, Inc. (USA)
  • Translate Bio, Inc. (USA)
  • Ionis Pharmaceuticals, Inc. (USA)
  • Vertex Pharmaceuticals Incorporated (USA)

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Global mRNA Therapeutics Market size was valued at USD 40.80 Billion in 2022 and is poised to grow from USD 41.62 Billion in 2023 to USD 48.76 Billion by 2031, at a CAGR of 2% during the forecast period (2024-2031).

The competitive environment of the global mRNA therapeutics market is made up of several key players. There is a mix of renowned pharmaceutical companies and rising biotech startups, along with innovative research institutes. Some industry leaders in this market are Pfizer, Moderna, CureVac, Translate Bio, BioNTech, and Arcturus Therapeutics. 'CureVac AG (Germany)', 'Roche Holding AG (Switzerland)', 'Pfizer Inc. (USA)', 'GlaxoSmithKline plc (United Kingdom)', 'Moderna, Inc. (USA)', 'Sanofi SA (France)', 'BioNTech SE (Germany)', 'Dynavax Technologies Corporation (USA)', 'Arcturus Therapeutics Holdings Inc. (USA)', 'AstraZeneca plc (United Kingdom)', 'Regeneron Pharmaceuticals, Inc. (USA)', 'Alnylam Pharmaceuticals, Inc. (USA)', 'Gilead Sciences, Inc. (USA)', 'Mylan N.V. (USA)', 'Novartis AG (Switzerland)', 'Modulus Therapeutics, Inc. (USA)', 'Catalent, Inc. (USA)', 'Translate Bio, Inc. (USA)', 'Ionis Pharmaceuticals, Inc. (USA)', 'Vertex Pharmaceuticals Incorporated (USA)'

The COVID-19 pandemic accelerated mRNA vaccine development, establishing mRNA technology as a powerful tool in combating infectious diseases.

This market has seen a growing and impactful trend. Cancer vaccines are being developed with the help of mRNA. This presents an impressive opportunity for breakthrough in oncology treatment and therapy.

North America asserted its dominance in the market, holding a substantial share of over 35.0%, and is poised to emerge as the fastest-growing region in the forecast period. This ascendancy can be attributed to several key factors, including the availability of significant research funding, the expansion of federal programs dedicated to advancing RNA-based medicines, and a burgeoning number of clinical trials. A case in point is the robust support provided by institutions such as The National Institutes of Health (NIH), the Defense Department, and federally funded academic laboratories. Their unwavering backing for foundational research, including that conducted by Graham and other researchers, has played a pivotal role in the rapid development of COVID-19 vaccines. Notably, in response to the pandemic, the government injected an additional $10.5 billion into vaccine manufacturers, expediting the delivery of their products. These factors collectively underscore North America's position as a thriving hub for mRNA-based medicines and therapeutics.

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Global mRNA Therapeutics Market

Report ID: SQMIG35A2547

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