mRNA Vaccines and Therapeutics Market 2023 Share, Size, Growth, Trends and Forecast 2028

According to IMARC Group's latest report, titled "mRNA Vaccines and Therapeutics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global mRNA vaccines and therapeutics market size reached US$ 56.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 66.2 Billion by 2028, exhibiting a growth rate (CAGR) of 2.9% during 2023-2028.

Messenger ribonucleic acid or mRNA vaccines and therapeutics refer to types of vaccines and formulations that use a copy of a molecule, known as messenger RNA, to create an immune response. They are of several types, including self-amplifying, in vivo self-replicating, non-replicating, in vitro dendritic cell non-replicating mRNA, etc. mRNA vaccines and therapeutics combine the desirable immunological properties and are produced in laboratories employing mammalian cells. They trigger virus-detecting immune sensors and build viral antigen proteins within the cells when injected into the body, thereby enhancing the body's immunity by improving B- and T-cell responses. As a result, mRNA vaccines and therapeutics find extensive utilization in hospitals, clinics, and research organizations across countries.

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Market Trends

The expanding prevalence of diabetes, cancer, tuberculosis, cardiovascular diseases (CVDs), etc., is among the key factors driving the global mRNA vaccines and therapeutics market. In addition to this, the escalating demand for effective medicines and treatments for influenza, Ebola, Human Immunodeficiency Virus (HIV), etc., is also positively influencing the market growth. Moreover, the increasing enhancements in the lipid nanoparticle formulations for in-vivo systemic delivery of mRNA are acting as another significant growth-inducing factor. In line with this, the inflating investments by leading pharmaceutical companies in mRNA technologies that can combine multiple molecules into a therapeutic medicine are further stimulating the market growth. Apart from this, the elevating research and development (R&D) projects in the field of biotechnology and the growing improvements in healthcare technologies are anticipated to fuel the global mRNA vaccines and therapeutics market over the forecasted period.

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List of Key Companies Covered in this Market Report:

Arcturus Therapeutics Inc.
BioNTech SE
CureVac AG
eTheRNA immunotherapies NV
ethris GmbH
GlaxoSmithKline PLC
Moderna Therapeutics Inc.
Translate Bio Inc.
Argos Therapeutics, Inc.
Sangamo Therapeutics Inc.
Pfizer Inc, etc

The report has segmented the market on the basis of vaccine type, treatment type, vaccine manufacturing, application, end-user and geography.

Breakup by Vaccine Type:

Self-amplifying mRNA-Based Vaccines
Conventional Non-Amplifying mRNA-Based Vaccines

Breakup by Treatment Type:

Bioengineered Vaccine
Gene Therapy
Gene Transcription
Cell Therapy
Monoclonal Antibody
Others

Breakup by Vaccine Manufacturing:

In-House
Out-Sourced

Breakup by Application:

Cancer
Infectious Disease
Gene Editing
Protein Replacement

Breakup by End-User:

Hospitals and Clinics
Research Organizations
Others

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Key highlights of the report:

Market Performance (2017-2022)
Market Outlook (2023- 2028)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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