mRNA Vaccines and Therapeutics Market to Surpass USD 58.92 Billion by 2031, Growing at a 13.3% CAGR

Straits Research Highlights Market Trends and Growth Factors

Market Overview The global mRNA vaccines and therapeutics market size was valued at USD 36.54 billion in 2022. It is expected to grow from USD XX billion in 2023 to USD 58.92 billion by 2031, exhibiting a robust CAGR of 13.3% during the forecast period (2023–2031). This substantial growth is driven by advancements in mRNA technology, rising demand for vaccines, and increasing investments in biotechnology and pharmaceutical research.

Market Definition and Latest Trends mRNA (messenger RNA) vaccines and therapeutics leverage synthetic mRNA to instruct cells to produce proteins that combat diseases. Unlike traditional vaccines, mRNA vaccines are faster to develop and offer enhanced adaptability to emerging pathogens. This revolutionary approach has transformed the pharmaceutical landscape.

Latest Trends in the mRNA Vaccines and Therapeutics Market:

• Expanding Applications Beyond COVID-19: The development of mRNA vaccines is increasingly targeting oncology, infectious diseases, and other non-COVID-19 applications. This diversification is expected to open new revenue streams and expand market potential.

• Technological Innovations: Advancements such as self-amplifying mRNA and lipid nanoparticle delivery systems are enhancing the efficiency and stability of mRNA-based therapeutics.

• Strategic Collaborations and Partnerships: Major pharmaceutical companies are forming partnerships to co-develop mRNA vaccines and leverage combined expertise in research and distribution.

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Key Growth Factors

• The rapid global response to the COVID-19 pandemic has demonstrated the efficacy and scalability of mRNA vaccine platforms, driving confidence and investment in this technology.

• Increasing prevalence of infectious and chronic diseases necessitates novel therapeutic solutions, positioning mRNA vaccines as a transformative tool.

• Rising government funding and private investments are accelerating research, development, and commercialization of mRNA-based therapeutics.

Key Market Opportunities

• Expanding mRNA vaccine application to underserved disease areas such as rare genetic disorders and autoimmune diseases.

• Leveraging artificial intelligence (AI) to streamline mRNA sequence design and accelerate development timelines.

• Developing cost-effective manufacturing processes to enable widespread accessibility and adoption.

Market Segmentation

By Applications

• COVID-19 mRNA vaccines

• Commercialized Vaccines

• Pipeline Vaccines

• Non-COVID-19 mRNA vaccines

• Oncology

• Infectious Diseases

• Other Diseases

By mRNA Type

• COVID-19

• Nucleoside-Modified mRNA (modRNA)

• Unmodified mRNA

• Self-Amplifying mRNA

• Non-COVID-19

• Nucleoside-Modified mRNA (modRNA)

• Unmodified mRNA

• Self-Amplifying mRNA

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Regional Insights

• Dominated Region: North America

• Fastest Growing Region: Europe

North America continues to lead the mRNA vaccines and therapeutics market, driven by strong R&D infrastructure, significant government support, and the presence of key market players. Europe is expected to witness the fastest growth due to increasing regulatory approvals and expanding biopharma investments.

Key Players Leading companies in the mRNA vaccines and therapeutics market include:

• Arcturus Therapeutics Holdings Inc

• BioNTech SE

• Daiichi Sankyo Company

• CureVac N.V.

• ethris GmbH

• GlaxoSmithKline plc

• Gennova Biopharmaceuticals Ltd

• Moderna Inc

• Panthera Therapeutics GmbH

• Providence Therapeutics

• Silence Therapeutics

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Conclusion The mRNA vaccines and therapeutics market is poised for remarkable growth, driven by technological advancements and the expanding scope of applications. With North America leading the charge and Europe showing rapid expansion, stakeholders in this sector are well-positioned to harness the opportunities in this transformative market.

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