Press release
mRNA Treatment Market Size Mastery: Dominating the Landscape with 1.9 % CAGR by 2031
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According to the latest research by InsightAce Analytic, the global mRNA Treatment market will be valued at US$ 31815.0 Million in 2022. It is expected to reach US$ 37463.3 Million by 2031, with a CAGR of 1.9 % during a forecast period of 2023-2031.
A dynamic technology, mRNA is utilized to lead transitory expression of the encoded protein and has many other benefits. Due to this advantageous property, mRNA is only desirable for the production of vaccines and gene editing. High yield, activity, and purity mRNA are also used in reproducible manufacturing. The target of the disease is directed by mRNA therapy using mRNA sequences essential for protein production. It enables the replacement of a damaged gene through genetic code integration and substitution.
The market for mRNA treatments is driven by the rising occurrence of cancer, viral infections, and genetic abnormalities. Additionally, the worldwide mRNA industry is being driven by increased vaccination awareness. Moreover, one of the promising treatments for viral diseases uses mRNA to make viral antigen proteins from within the cell. For instance, it is anticipated that the COVID-19 outbreak will generate lucrative business prospects for several businesses performing clinical trials for vaccine development. The market is anticipated to rise due to rising demand for innovative vaccines and therapies, collaborations, strategic partnerships, and an increase in chronic and infectious diseases. Expanding prominent players' strategic partnerships, alliances, and R&D efforts are anticipated to fuel the study market's rise throughout the projected year. However, the development of the market is anticipated to be hampered by rigorous legal frameworks and standards as well as high costs related to mRNA treatment.
North America is anticipated to contribute to the mRNA Treatment market. The main factors contributing to the market's growth in the region include new product launches, an increase in chronic diseases, and an increase in research and development (R&D) activities and investments in the industry. In addition, the Europe mRNA Treatment market is expected to register significant growth because more patients and people are aware of uncommon genetic illnesses. Additionally, significant businesses are working in Europe, and the need for mRNA treatment to provide revolutionary medicines is growing.
Major market players operating in the mRNA Treatment market include
CureVac, Moderna, BioNTech (Pfizer), Translate Bio, Ethris (AstraZeneca), Kernal Biologics, Anima Biotech, H3 Biomedicine Inc., Arcturus Therapeutics, eFFECTOR Therapeutics, Inc., Ionis Pharmaceuticals, Inc., Stemirna Therapeutics Co., Ltd., Skyhawk Therapeutics, Inc., RNAimmune (Sirnaomics), Ziphius Therapeutics NV, miRagen Therapeutics, Inc., Silence Therapeutics, eTheRNA, Tiba Biotechnology, In-Cell-Art, Arcturus Therapeutics among others.
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Recent collaborations and agreements in the market:
• In January 2022, the focus of an exclusive four-year collaboration research project between Pfizer Inc. and Beam Therapeutics Inc. will be on three in vivo base-editing initiatives for uncommon genetic disorders of the muscle, liver, and central nervous system.
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Market Segments
Global mRNA Treatment Market, by Product Type, 2023-2031 (Value US$ Mn)
• Vaccine
• Drugs
Global mRNA Treatment Market, by Application, 2023-2031 (Value US$ Mn)
• Protein Diseases
• Gene Dysfunction Diseases
Global mRNA Treatment Market, by region, 2023-2031 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America mRNA Treatment Market, by Country, 2023-2031 (Value US$ Mn)
• U.S.
• Canada
Europe mRNA Treatment Market, by Country, 2023-2031 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific mRNA Treatment Market, by Country, 2023-2031 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America mRNA Treatment Market, by Country, 2023-2031 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa mRNA Treatment Market, by Country, 2023-2031 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global mRNA Treatment market
To receive an industry overview and future trends of the mRNA Treatment market
To analyze the mRNA Treatment market drivers and challenges
To get information on the mRNA Treatment market value (US$ Mn) forecast to 2028
Significant investments, mergers & acquisitions in the mRNA Treatment market industry
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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