Press release
Key Factor Supporting mRNA Therapeutics Market Development in 2025: Impact Of Long-Lasting And Communicable Diseases On mRNA Therapeutics Market
mRNA Therapeutics
How Large Will the mRNA Therapeutics Market Size By 2025?
The market size for mRNA therapeutics has witnessed a consistent rise over the past few years. The size is predicted to increase from $34.76 billion in 2024 to $36.25 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.3%. This growth in the past periods can be credited to enhanced financial backing for the development of effective pharmaceuticals and vaccines, the growth of government programs focused on promoting RNA-based treatments, greater consciousness about uncommon genetic disorders, and an increase in the count of clinical trials.
How Big Is the mRNA Therapeutics Market Size Expected to Grow by 2029?
Over the following years, a consistent uptick is projected for the mRNA therapeutics market, surging to a worth of $42.23 billion in 2029, with a 3.9% Compound Annual Growth Rate (CAGR). The enhanced market value in the future can be credited to a rise in infectious diseases, an increase in patient hospital and clinic visits, wider application of mRNA therapeutics, a surge in demand for personalized and precision medicine, supportive regulatory conditions, and expedited approval procedures. Significant trends predicted for the forecast period encompass advancements in mRNA delivery technologies, swift progression and adoption of mRNA vaccines, rise of self-amplifying mRNA (saRNA) platforms, scalability and adaptability of mRNA manufacturing processes, and the inception of innovative mRNA modifications.
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Which Key Market Drivers Powering mRNA Therapeutics Market Expansion and Growth?
The rise in long-term and transmittable afflictions is anticipated to drive the expansion of the mRNA therapeutics market. Long-term and transmittable conditions, which include tuberculosis, HIV/AIDS, and hepatitis, last for extensive durations and can pass from person to person. Increasing global travel and deficient healthcare infrastructure, which promotes disease spread and impedes effective disease management, are responsible for the rising incidence of these diseases. mRNA therapeutics can beneficially address long-term and transmittable diseases by quickly enabling the human body to manufacture proteins which boost immune responses, thereby resulting in faster development of vaccines and treatments. For instance, GOV.UK stated in October 2023 that in 2022, the number of patients in England receiving care for diagnosed HIV grew by 3% from 91,368 individuals in 2021 to 94,397. Thus, the escalating incidence of long-term and transmittable diseases is fuelling the expansion of the mRNA therapeutics market.
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Which Fast-Growing Trends Are Poised to Disrupt the mRNA Therapeutics Market?
Leading firms in the mRNA therapeutics market are concentrating on creating innovative methods, such as mRNA-based booster vaccines, to increase immunity towards emerging viral variants. An mRNA-based booster vaccine utilizes messenger RNA (mRNA) technology to extend and heighten immunity against a specific pathogen, typically following the primary vaccination sequence. To illustrate, Gennova Biopharmaceuticals Ltd., a pharmaceutical corporation based in India, introduced India's inaugural mRNA-based booster vaccine aimed specifically at the Omicron variant, named GEMCOVAC-OM, in June 2023. GEMCOVAC-OM can induce the desired immune reactions against the Omicron variant of SARS-CoV-2 and is unique to India. The vaccine isn't just thermostable but also doesn't need ultra-cold chain facilities for storage and can be deployed using a needle-free device, making it suitable for the last-mile distribution in India. Clinical trials showed that this vaccine triggered markedly higher immune responses when compared to other vaccines, underlining the necessity for variant-specific vaccines to induce the desired immune reactions.
What Are the Emerging Segments in the mRNA Therapeutics Market?
The mRNA therapeutics market covered in this report is segmented -
1) By Product: Vaccines, Drugs
2) By Application: Infectious Diseases, Oncology, Rare Genetic Diseases, Respiratory Diseases, Other Applications
3) By End Use: Hospitals And Clinics, Research Organizations, Other End Uses
Subsegments:
1) By Vaccines: Infectious Disease Vaccines, Cancer Vaccines, Other Therapeutic Vaccines
2) By Drugs: Oncology Drugs, Cardiovascular Drugs, Autoimmune Disease Drugs, Other mRNA-Based Drugs
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Who Are the Global Leaders in the mRNA Therapeutics Market?
Major companies operating in the mRNA therapeutics market are Pfizer Inc., Novartis AG, Sanofi AG, AstraZeneca plc, GlaxoSmithKline plc, Hoffmann-La Roche AG, Moderna Therapeutics Inc, BioNTech SE, Vertex Pharmaceuticals Incorporated, Catalent Inc, Alnylam Pharmaceuticals Inc, Sarepta Therapeutics Inc, Arcturus Therapeutics Holdings Inc, CureVac N.V, Ethris GMBH, eTheRNA immunotherapies NV, In-Cell-Art S.A.S., Nutcracker Therapeutics Inc, SCM LifeScience Co Ltd, Suzhou Abogen Biosciences Co Ltd, Tiba Biotech LLC, CSPC Pharmaceutical Group, CRISPR Therapeutics AG
Which are the Top Profitable Regional Markets for the mRNA Therapeutics Industry?
North America was the largest region in the mRNA therapeutics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the mRNA therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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