mRNA Vaccine Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By mRNA Type (Nucleoside-modified mRNA, Unmodified mRNA, Self-Amplifying mRNA), By Application (COVID-19 mRNA Vaccines, Non COVID-19 mRNA Vaccines, Others), Region and Competition
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationmRNA Vaccine Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By mRNA Type (Nucleoside-modified mRNA, Unmodified mRNA, Self-Amplifying mRNA), By Application (COVID-19 mRNA Vaccines, Non COVID-19 mRNA Vaccines, Others), Region and Competition
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The important reason for encouraging extensive study and deployment of mRNA vaccines is their numerous distinctive benefits. One of the main causes for the development of mRNA vaccines is their convenience of production. Simple in form, its active component, RNA, is often produced in vitro utilizing linear DNA as a template. Through codon optimization, nucleoside modification, and an additional delivery method, the stability and translation efficiency of mRNA can be enhanced during this process to create a nucleic acid vaccine with high specificity and resilient stability. The vaccine's safety is another important aspect that encourages widespread use. There is no potential risk of infection or genetic damage because the mRNA does not integrate into the host genome.
mRNA vaccines create proteins that cause human bodies to generate an immune response. Since these vaccines don't involve live viruses, there is absolutely no risk of getting sick after receiving them. The body quickly breaks down mRNA, and cells don't readily take up foreign mRNA. Recent technological advancements have improved the stability of the mRNA molecule and wrapped the molecules in lipids to improve cell delivery effectiveness. These developments boost the production of spike protein on your cells, triggering a stronger immunological response.
Furthermore, owing to recent technological developments in enhanced translation, stability, and delivery methods, messenger RNAs have emerged as a promising therapeutic tool. In fact, mRNA vaccines have opened the door to new pharmacological fields and have become a significant therapeutic class. The development of vaccines is entering a new age because to these mRNA vaccines, which support next-generation vaccinations.
For instance, American mRNA therapeutic developer Arcturus Therapeutics established a Japanese company in Chiba Prefecture in April 2021 as part of a joint venture with Axcelead, Inc., and is currently building a production plant in Minamisoma City, Fukushima Prefecture. In the upcoming years, such investments are probably going to supplement market expansion.
The mRNA vaccine market has seen tremendous growth in recent years, but there are still several challenges facing the market globally. These challenges include the high cost of production, storage and transportation requirements, regulatory challenges, intellectual property rights, and vaccine hesitancy. The regulatory environment for mRNA vaccines is complex and presents significant challenges to the market. The development and approval of mRNA vaccines require rigorous clinical trials and regulatory processes, which can be time-consuming and expensive. The regulatory requirements vary from country to country, which can create further challenges in the distribution and use of mRNA vaccines globally.
Advantages of mRNA Vaccines
The mRNA vaccine market has seen tremendous growth in recent years, largely due to the advantages of mRNA vaccines. mRNA vaccines offer several benefits over traditional vaccines, and their potential applications have spurred investment and development in the market. One of the primary advantages of mRNA vaccines is their rapid development timeline. Traditional vaccine development can take several years, while mRNA vaccines can be developed in a matter of weeks or months. This rapid development timeline is crucial in the fight against pandemics and emerging infectious diseases, where fast response times can mean the difference between life and death. The rapid development of mRNA vaccines has also made them attractive to investors and pharmaceutical companies, driving growth in the mRNA vaccine market. The ability to quickly develop vaccines for new and emerging diseases has opened up new market opportunities and spurred investment in the development and production of mRNA vaccines.
mRNA vaccines have also demonstrated high efficacy in clinical trials. For example, the Pfizer-BioNTech and Moderna COVID-19 vaccines have shown to be up to 95% effective in preventing COVID-19 infections. The high efficacy of mRNA vaccines is due to their ability to trigger a robust immune response by instructing cells to produce specific proteins that stimulate the immune system. The high efficacy of mRNA vaccines has been a significant factor in their widespread adoption, driving demand and growth in the mRNA vaccine market. As more vaccines are developed and proven effective, demand for mRNA vaccines is likely to continue to grow.
Another advantage of mRNA vaccines is their easy modification. mRNA vaccines can be easily modified to target different diseases, strains, or variants of the same disease. This flexibility allows for the development of vaccines that can quickly adapt to new and emerging diseases. The ability to easily modify mRNA vaccines has made them an attractive option for investors and pharmaceutical companies, spurring growth in the mRNA vaccine market. As more vaccines are developed and proven effective, demand for mRNA vaccines is likely to continue to grow.
mRNA vaccines are safesssssssssssss and well-tolerated, with few reported adverse effects. This safety profile is since mRNA vaccines do not contain live or weakened viruses, and the mRNA sequences are rapidly degraded by the body after they have triggered an immune response. The safety profile of mRNA vaccines has been a significant factor in their widespread adoption, driving demand and growth in the mRNA vaccine market. As more vaccines are developed and proven safe, demand for mRNA vaccines is likely to continue to grow.
mRNA vaccines have the potential to usher in a new era of personalized medicine. Since mRNA vaccines can be easily modified to target specific genetic sequences, they could be used to treat genetic disorders or other diseases caused by specific genetic mutations. This potential application could revolutionize the treatment of genetic diseases and create new market opportunities in the mRNA vaccine market. As technology continues to advance, it is likely that mRNA vaccines will play an increasingly important role in the future of medicine and continue to influence the growth of the mRNA vaccine market.
Increasing Research Activities to produce mRNA-based Vaccines
There are currently 430 clinical trials using mRNA vaccines to prevent diseases other than COVID-19. The majority of these clinical trials, according to an analysis by Clinicaltrials.gov, are conducted in the United States.
A multivalent, mRNA-based vaccine that protects against all 20 known influenza virus subtypes has been created by researchers at the Perelman School of Medicine at the University of Pennsylvania. They take a different approach from earlier attempts to create a universal flu vaccine by including antigens unique to each subtype rather than just a smaller set of antigens shared by subtypes. The SARS-CoV-2 vaccines made by Pfizer and Moderna used the same mRNA technology as this strategy. Penn was a leader in the development of the mRNA technology used in those COVID-19 vaccines.
Market Segmentation
Global mRNA Vaccine Market can be segmented by mRNA type, by application and by region. Based on mRNA type, the market can be divided into nucleoside-modified mRNA, unmodified mRNA, and self-amplifying mRNA. Based on application the market is divided into COVID-19 mRNA Vaccines, Non COVID-19 mRNA Vaccines, and others. Regionally, the mRNA Vaccine can be categorized into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Market Players
Arcturus Therapeutics Holdings Inc., BioNTech SE, CureVac N.V., Daiichi Sankyo Company Limited., Ethris GmbH, GlaxoSmithKline plc, Gennova Biopharmaceuticals Ltd, Moderna, Inc., Pantherna Therapeutics GmbH, Providence Therapeutics, Silence Therapeutics, Translate Bio, VERSAMEB AG, Verve Therapeutics Inc., are some of the leading players operating in the Global mRNA Vaccine Market.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · By mRNA Type · By Application · By Region |
| Regional scope | North America, Europe, Asia Pacific, South America, Middle East & Africa |
| Key companies profiled | Arcturus Therapeutics Holdings Inc., BioNTech SE, CureVac N.V., Daiichi Sankyo Company Limited., Ethris GmbH, GlaxoSmithKline plc, Gennova Biopharmaceuticals Ltd, Moderna, Inc., Pantherna Therapeutics GmbH, Providence Therapeutics, Silence Therapeutics, Translate Bio, VERSAMEB AG, Verve Therapeutics Inc. |
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