InsightAce Analytic Pvt. Ltd. publishes the release of a market assessment report on “Global mRNA Synthesis and Manufacturing Services Market– By Trends, COVID 19 Impact Analysis, CDMO Industry Competition Analysis, Revenue (US$ Mn), and Forecast To 2030.”
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The past decade has witnessed significant technological advances and research investments in mRNA technology that have enabled the evolution of mRNA as a promising therapeutic agent for vaccine development and protein replacement therapy. The mRNA vaccines are likely to alter the way we respond to emerging infectious disease outbreaks due to their benefits over conventional vaccines and potential applications. Thus, several pharmaceutical industry stakeholders are evaluating this technology for its applications against rabies, influenza, Zika, HIV, and cancer and for veterinary purposes. The current Covid-19 pandemic further put the limelight on the potential of mRNA vaccines as it was the first technology to be approved as a prophylactic treatment against Coronavirus in the United States and Europe.
It is estimated that the global mRNA Manufacturing and Synthesis services market is projected to reach US$ 22,634.5 Million in 2031, at a CAGR of -3.4% from US$ 53,278.8 million in 2021 during the forecast period (2022-2031).
mRNA is being tested across different stages of clinical trials to determine its application in preventing infections and treating chronic diseases, as noted by Clinical Trials.gov. For instance, Moderna, in partnership with Merck conducting a trial to check the efficacy of its mRNA personalized cancer vaccine (PCV) mRNA-4157 in combination with Merck’s immunotherapy drug Keytruda for colorectal and head and neck cancers patients. Thus, the current developments in the field of mRNA vaccines may unlock their potential, thereby supporting the mRNA synthesis and manufacturing services market in the future.
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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 key factors expected to support the market growth of mRNA synthesis and manufacturing services over the forecast period.
In addition, growing microbial infectious diseases, and the rising number of clinical trials for cancer therapies, 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 mRNA 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 TriLink BioTechnologies, Aldevron, Eurogentec, eTheRNA (Etherna Immunotherapies), biosynthesis, Thermo Fisher Scientific, Biomay, Jena Biosciences, APExBIO, New England Biolabs, CELLSCRIPT, CureVac, Moderna, BioNTech (Pfizer), Translate Bio, Ethris (AstraZeneca), Kernal Biologics, eFFECTOR Therapeutics, Inc., Silence Therapeutics, In-Cell-Art, Anima Biotch, H3 Biomedicine Inc., Arcturus Therapeutics, Ionis Pharmaceuticals, Inc., Tiba Biotechnology, miRagen Therapeutics, Inc., Stemirna Therapeutics Co., Ltd., Strand Therapeutics Inc., Ziphius Therapeutics NV, Skyhawk Therapeutics, Inc, RNAimmune (Sirnaomics), and other Prominent Players.
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Market Segments
Global mRNA Synthesis and Manufacturing Services Market Revenue by Product (Value US$ Mn) Forecast 2020-2030
- API
- Drug Products
Global mRNA Synthesis and Manufacturing Services Market Revenue by Scale of Operation (Value US$ Mn) Forecast Forecast 2020-2030
- Research / Preclinical
- Clinical
- Commercial
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 Region (Value US$ Mn) Forecast Forecast 2020-2030
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
North America mRNA Synthesis and Manufacturing Services Market Revenue (US$ Mn) By Country, 2020 To 2030
- U.S.
- Canada
Europe mRNA Synthesis and Manufacturing Services Market Revenue (US$ Mn) By Country, 2020 To 2030
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia Pacific mRNA Synthesis and Manufacturing Services Market Revenue (US$ Mn) By Country, 2020 To 2030
- India
- China
- Japan
- South Korea
- Australia & New Zealand
Latin America mRNA Synthesis and Manufacturing Services Market Revenue (US$ Mn) By Country, 2020 To 2030
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa mRNA Synthesis and Manufacturing Services Market Revenue (US$ Mn) By Country, 2020 To 2030
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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Why should buy this report:
- To receive a comprehensive analysis of the prospects for the mRNA synthesis and manufacturing services market
- To receive industry overview and future trends in 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 mRNA synthesis and manufacturing services market industry
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