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Assessing the Potential of Messenger Ribonucleic Acid (mRNA) Synthesis Raw Materials Market Trends, and Future Growth Opportunities
Messenger ribonucleic acid (mRNA) Synthesis Raw Materials Market
Messenger ribonucleic acid (mRNA) Synthesis Raw Materials Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $3.39 billion In 2028 At A CAGR Of 2.9%.
The mrna synthesis raw materials market size has grown steadily in recent years. It will grow from $2.94 billion in 2023 to $3.02 billion in 2024 at a compound annual growth rate (CAGR) of 2.8%. The growth in the historic period can be attributed to biomedical research advancements, rising interest in vaccines and therapeutics, demand for personalized medicine, outbreak preparedness and response, biotech industry growth.
The mrna synthesis raw materials market size is expected to see steady growth in the next few years. It will grow to $3.39 billion in 2028 at a compound annual growth rate (CAGR) of 2.9%. The growth in the forecast period can be attributed to supply chain optimization, commercialization and market expansion, investments in biotech and pharma, regulatory support and approvals, therapeutic expansion. Major trends in the forecast period include emergence of new entrants, quality control and standardization, intellectual property and licensing, global access and equity, shift towards sustainable and scalable manufacturing.
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Messenger ribonucleic acid (mRNA) Synthesis Raw Materials Market Major Segments
The messenger ribonucleic acid (mrna) synthesis raw materials market covered in this report is segmented -
1) By Type: Capping Agents, Nucleotides, Plasmid DNA, Other Types
2) By Applications: Therapeutics Production, Vaccine Production, Other Applications
3) By End-Users: Biotechnology Companies, Pharmaceutical Companies, Research And Academic Institutions, Other End-Users
Key Driver - The Role Of Mrna Synthesis Raw Materials In Addressing Rising Cancer And Chronic Disorders
The growing incidence of cancer and chronic disorders is expected to propel the growth of the mRNA synthesis raw materials market going forward. Cancer is a disorder in which aberrant cells develop uncontrollably and can infiltrate neighbouring tissues and potentially move to other regions of the body via the blood and lymph systems. Chronic illnesses are described generically as problems that persist for a year or longer, need continuing medical treatment, impede everyday activities, or both. mRNA synthesis raw materials are used in drug discovery, vaccine development, and the manufacturing of therapeutics that are RNA-based to offer better immunogenicity, higher efficiency, and a short production time that can be used to treat cancer and chronic disorders. For instance, in 2020, according to Globocan, a Switzerland-based provider of a worldwide database of cancer incidence and mortality rates, there were around 19.29 million new cancer cases in 2020, and the number of cancer cases in the next five years is estimated to be 50.55 million. Furthermore, in April 2022, according to statistics published in the National Council on Aging's report, a US-based charitable organization for older Americans with service providers and policymakers, approximately 80% of persons aged 65 and older will have at least one chronic ailment, with 68% having two or more in the United States. Therefore, the growing incidence of cancer and chronic disorders drives the mRNA synthesis of raw materials.
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Prominent Trend - Thermo Fisher's Breakthrough In Mrna Synthesis Raw Materials Market
Product innovations have emerged as a key trend gaining popularity in the mRNA synthesis raw materials market. Major companies operating in the mRNA synthesis raw materials market are concentrating on creating innovative products to strengthen their position in the market. For instance, in September 2022, Thermo Fisher Scientific, a US-based instrumentation, reagents, consumables, and software services company, introduced Dynabeads Solutions, a bead that can be used to scale GMP-grade synthesis and purification of mRNA for vaccine development. Dynabeads Streptavidin for In Vitro Transcription are intended for easy solid-phase IVT of cell-free mRNA and allow for the reuse of the DNA template up to six times, reducing the effort required for plasmid creation while increasing mRNA yield on scales ranging from g to g. Additionally, it will assist with designing a streamlined pipeline to allow mRNA firms to move faster from development to commercialization.
Messenger ribonucleic acid (mRNA) Synthesis Raw Materials Market Players
Major companies operating in the messenger ribonucleic acid (mrna) synthesis raw materials market report are Pfizer Inc., F. Hoffmann-La Roche AG, Thermo Fisher Scientific Inc., Moderna Inc, Agilent Technologies Inc., Lonza Group Ltd., Eurofins Scientific, Bio-Rad Laboratories Inc., Qiagen N.V., Maravai LifeSciences, Takara Bio Inc., GenScript Biotech Corporation, Promega Corporation, Abcam plc, BioLegend Inc., Integrated DNA Technologies Inc., Sino Biological Inc., CureVac N.V., LGC Biosearch Technologies, Enzo Biochem Inc, Merck KGaA, GeneCopoeia Inc., Bio-Synthesis Inc., BOC Sciences Inc, Bio Basic Inc., OriGene Technologies Inc., BioCat GmbH, Creative Biogene, Jena Bioscience GmbH, ATDBio Ltd.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the mRNA synthesis raw materials market in 2023. The regions covered in the messenger ribonucleic acid (mrna) synthesis raw materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Messenger ribonucleic acid (mRNA) Synthesis Raw Materials Market Report Structure
3. Messenger ribonucleic acid (mRNA) Synthesis Raw Materials Market Trends And Strategies
4. Messenger ribonucleic acid (mRNA) Synthesis Raw Materials Market - Macro Economic Scenario
5. Messenger ribonucleic acid (mRNA) Synthesis Raw Materials Market Size And Growth
…..
27. Messenger ribonucleic acid (mRNA) Synthesis Raw Materials Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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