Press release
mRNA Synthesis Raw Materials Market Future Trends and Scope Analysis Report
The mRNA Synthesis Raw Materials Market Size is valued at USD 3070.2 Million in 2022 and is predicted to reach USD 14912.9 Million by the year 2031 at a 20.0% CAGR during the forecast period for 2023-2031.
The prominent market players include Thermo Fisher Scientific, Inc, Jena Bioscience, Sartorius AG, Cytiva, Moderna, Inc, H3 Biomedicine Inc, Kernal Biologics, Ziphius Therapeutics, Merck KGaA, miRagen Therapeutics, Inc., Skyhawk Therapeutics, Inc, Tiba Biotechnology, CureVac, Translate Bio, Sigma Aldrich, BOC Sciences, Roche CustomBiotech and TriLink Bio Technologies.
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A DNA nucleotide sequence is used as a template to produce messenger RNA in the nucleus. The term transcription is used to characterize this process. Beginning, elongating, editing, and concluding are four distinct procedures. Bacteriophages, DNA templates, RNA polymerase, and nucleotide triphosphates (NTPs) are essential components. Medical technology advancements propel the market. The market for RNA synthesis raw materials is also driven by the introduction of new products by prominent pharmaceutical companies, which improves service quality. The increasing prevalence of cancer and chronic diseases has increased the demand for gene therapies. Healthcare professionals and the general public are becoming more aware of the importance of treating chronic diseases at an early stage.
The mRNA vaccine has demonstrated remarkable potential and utility in unpredictable situations, such as the spread of COVID, due to its numerous benefits, such as its rapid production time, low production cost, and prolonged immune response. Due to the advantages of mRNA vaccines, the global vaccine industry, which is also the market for the essential materials used in mRNA synthesis, has experienced an increase in demand. Due to the increasing demand for gene therapies, chronic and infectious diseases, and the number of clinical trials for cancer treatments and contagious diseases, the need for mRNA synthesis raw materials is expected to increase significantly.
Due to their strategy of offering higher-quality and more efficient products, the leading market participants have a growing demand for high-quality raw materials for practical mRNA synthesis. Market expansion is anticipated to be fueled by increased public and healthcare professional awareness of the importance of early detection and treatment of chronic diseases. This is necessary to develop safe and efficacious pharmaceuticals, vaccines, and drugs. In addition, the market is driven by the alliances, mergers, and partnerships formed by key competitors to enhance the supply of raw materials. New pharmaceutical company innovations, enhanced quality and efficacy of services, increased facility customization, and improved medical technologies all contribute to the expansion of the market.
However, a lack of adaptable, durable, and cost-effective manufacturing processes hinders the growth of mRNA synthesis raw materials. The expensive cost of raw materials is the primary growth inhibitor. In addition, the expansion of the market is constrained by the need for greater public awareness.
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The market for mRNA synthesis raw materials in North America is anticipated to expand significantly in the coming years. Due to the prevalence of numerous mRNA vaccine production facilities, the United States is expected to continue to lead the industry. The United States has well-established production facilities for mRNA vaccines and therapies developed by leading corporations such as Pfizer and Moderna. This will aid this region's continued dominance throughout the projected period. In addition, Asia-Pacific had a significant share of the mRNA synthesis raw materials market due to increased expenditure on R&D, an increase in the prevalence of infectious diseases, and the rapid adoption of cutting-edge technologies.
Key Market Developments
• In Nov 2022, Sartorius and The BASE announced a partnership to facilitate mutual development processes and protocols tailored for varied nucleic acid-based products. The collaboration will leverage BASE's advanced manufacturing and analytics capabilities, including novel next-generation sequencing approaches to co-develop protocols and nucleic acid-based product production methods.
• In Oct 2022, Thermo Fisher Scientific introduced a tailored Dynabeads solution that, according to the company, helps the production and purification of mRNA for vaccine research and manufacture. Messenger RNA (mRNA) synthesis and purification can be aided by the use of Dynabeads Streptavidin for in vitro transcription and Dynabeads for carboxylic acid for RNA purification solutions in the development and manufacturing of vaccines.
• In July 2022, Kernel Biologics, Inc. completed a $25 million Series A fundraising. Kernal's mRNA 2.0 platform will be expanded, and an IND for Kernal's immuno-oncology candidate KR-335 will be filed. Kernal Bio is building on the traditional mRNA technology and remarkable achievements of Moderna and Pfizer/BioNTech. Market Segmentation.
• In Aug 2021, Sanofi signed a definitive agreement to purchase the outstanding shares of Translate Bio, a messenger RNA (mRNA) treatments firm. The acquisition is part of Sanofi's ambition to accelerate the use of mRNA technology in developing medicines and vaccines. Sanofi is expected to use the transaction to advance its currently licenced vaccination programmes and explore new therapeutic applications.
Market Segmentation:
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Global mRNA Synthesis Raw Materials Market, by Product Type, 2023-2031 (Value US$ Mn)
• Capping Enzymes
• DNA template
• Nucleotides
• Polymerase
Global mRNA Synthesis Raw Materials Market, by Application, 2023-2031 (Value US$ Mn)
• Therapeutics Production
• Vaccine Production
• Drug Discovery
Global mRNA Synthesis Raw Materials Market, by the End-user, 2023-2031 (Value US$ Mn)
• Biotechnology Companies
• Pharmaceutical Companies
• Research and Academic Institutes
• Others
Global mRNA Synthesis Raw Materials Market, by Region, 2023-2031 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America mRNA Synthesis Raw Materials Market, by Country, 2023-2031 (Value US$ Mn)
• U.S.
• Canada
Europe mRNA Synthesis Raw Materials Market, by Country, 2023-2031 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific mRNA Synthesis Raw Materials Market, by Country, 2023-2031 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America mRNA Synthesis Raw Materials Market, by Country, 2023-2031 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa mRNA Synthesis Raw Materials Market, by Country, 2023-2031 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
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Why should buy this report:
To receive a comprehensive analysis of the prospects for the Global mRNA Synthesis Raw Materials Market.
To receive an industry overview and future trends of the mRNA Synthesis Raw Materials Market.
To analyze the Global mRNA Synthesis Raw Materials Market drivers and challenges.
To get information on the Global mRNA Synthesis Raw Materials Market size- (Value US$ Mn) forecast to 2031.
Noteworthy investments, mergers & acquisitions in the Global mRNA Synthesis Raw Materials Market industry
Other Related Reports Published by InsightAce Analytic:
Global mRNA Synthesis and Manufacturing Services Market
Global mRNA Treatment Market
Global Cell & Gene Therapy Raw Material Testing Market
Global mRNA Extraction and Purification Market
Global Lipid Nanoparticles (LNPs) CDMO Market
Global Advanced Therapy Medicinal Products CDMO Market
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