InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on “Global mRNA Synthesis and Manufacturing Services Market– By Trends, Industry Competition Analysis, Revenue, and Forecast To 2030.”
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As per the latest research by InsightAce Analytic, the global mRNA synthesis and manufacturing services market is projected tobiont reach US$ 11,395.4 Million in 2030, at a CAGR of 14.8% from US$ 2,723.5 million in 2020 during the forecast period (2021-2030). In 2020, North America dominated the market with a market share of 50.7% of the global mRNA synthesis and manufacturing services market.
mRNA’s versatile and flexible nature offers an excellent platform for developing prophylactic or therapeutic vaccines against various chronic and infectious diseases, including COVID-19 infection. Recently, the Covid-19 pandemic has further put mRNA vaccines in the spotlight as many companies used the technology to develop vaccines against the virus. For instance, in November 2020, Pfizer Inc. and BioNTech SE announced that their mRNA-based vaccine candidate, BNT162b2, against SARS-CoV-2 had demonstrated efficacy against COVID-19 in participants without prior evidence of SARS-CoV-2 infection.
Higher effectiveness, the potential for low-cost manufacturing, improved immunogenicity of mRNA vaccine compared to conventional vaccines, and constant innovations & improvements in mRNA synthesis and manufacturing services are some of the factors expected to support the market growth of mRNA synthesis and manufacturing services over the forecast period.
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In addition, the rising need for gene therapies, growing chronic and infectious diseases, and the rising number of clinical trials for cancer therapies and infectious diseases, and novel innovations by pharmaceutical companies are likely to support the growth of mRNA synthesis and manufacturing services market in the forecast period. However, maintaining the high purity and stability of the mRNA products is a significant challenge faced by the manufacturers.
Geographically, the North American region is the primary revenue pocket of this market due to rising awareness about mRNA therapeutics and vaccines, increasing government investments in the R&D of gene therapies to treat various diseases. In addition, the Asia-Pacific market is expected to grow at the fastest CAGR due to the increasing prevalence of chronic and infectious diseases and developing economies.
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Some of the key players operating in the mRNA synthesis and manufacturing services market are Eurogentec, Aldevron, eTheRNA (Etherna Immunotherapies), biosynthesis, TriLink BioTechnologies, Biomay, Jena Biosciences, APExBIO, CELLSCRIPT, Thermo Fisher Scientific, New England Biolabs, CureVac, Moderna, BioNTech (Pfizer), Translate Bio, Ethris (AstraZeneca), Kernal Biologics, Silence Therapeutics, Tiba Biotechnology, In-Cell-Art, Anima Biotch, 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., Strand Therapeutics Inc., and other Prominent Players.
Leading manufacturers in this field focus on offering high-quality services to clients. Also, strategies such as partnerships, collaborations, mergers, and acquisitions help boost their businesses. Some of the key developments in the market are as follow:
- In March 2021, CureVac and Celonic entered into an agreement to manufacture over 100 million doses of CureVac’s mRNA-based COVID-19 vaccine candidate, CVnCoV. Also, in March 2021, CureVac and Novartis signed an initial agreement on manufacturing COVID-19 vaccine candidate CVnCoV.
- In July 2020, Moderna partnered with Laboratorios Farmacéuticos Rovi to research and develop Moderna’s mRNA vaccines against COVID-19 at ROVI’s facility in Spain.
- In June 2020, BioNTech partnered with Pfizer for the development and commercialization of the COVID-19 vaccine. Brazil approved human trials for this vaccine in collaboration with both Pfizer and BioNTech.
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Global mRNA Synthesis and Manufacturing Services Market Revenue by Product (Value US$ Mn) Forecast 2020-2030
- Drug Products
Global mRNA Synthesis and Manufacturing Services Market Revenue by Application (Value US$ Mn) Forecast Forecast 2020-2030
- Infectious Disease Vaccines
- Other Vaccines
- Therapeutics and Others
Global mRNA Synthesis and Manufacturing Services Market Revenue by Scale of Operation (Value US$ Mn) Forecast Forecast 2020-2030
- Research / Preclinical
Global mRNA Synthesis and Manufacturing Services Market Revenue by Region (Value US$ Mn) Forecast Forecast 2020-2030
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
North America mRNA Synthesis and Manufacturing Services Market Revenue (US$ Million) By Country, 2020 To 2030
Europe mRNA Synthesis and Manufacturing Services Market Revenue (US$ Million) By Country, 2020 To 2030
- Rest of Europe
Asia Pacific mRNA Synthesis and Manufacturing Services Market Revenue (US$ Million) By Country, 2020 To 2030
- South Korea
- Australia & New Zealand
Latin America mRNA Synthesis and Manufacturing Services Market Revenue (US$ Million) By Country, 2020 To 2030
- Rest of Latin America
Middle East & Africa mRNA Synthesis and Manufacturing Services Market Revenue (US$ Million) By Country, 2020 To 2030
- 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 synthesis and manufacturing services market
- To receive industry overview and future trends in global mRNA synthesis and manufacturing services market
- To analyze the mRNA synthesis and manufacturing services market drivers and challenges
- To get information on the mRNA synthesis and manufacturing services market size value (US$ Mn) forecast to 2030
- Significant Investments, Mergers & Acquisition in global mRNA synthesis and manufacturing services market industry
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