Global mRNA Vaccines and Therapeutics Market Size Expand Significantly

The global mRNA vaccines and therapeutics market is expected to grow in negative in (-13.50%) during 2021-2025 for the Covid Vaccines. In case of Non-Covid Vaccine the market is expected to grow at a CAGR of 95.49% during 2026-2031.The market for mRNA vaccines and therapeutics for non-COVID-19 is favored by the clinical developments which have been taking place to develop novel mRNA-based vaccines and therapies for non-COVID-19 applications, particularly for infectious disease, oncology, and other diseases. The emerging and legacy pharmaceutical companies are massively investing in the development of these treatment modalities to further expand their pipeline. The successful launch of these candidates after obtaining regulatory approvals from the regulatory authorities is anticipated to increase the competitiveness of the market.

Market Segmentation

• Application – COVID-19 mRNA Vaccines and Non-COVID-19 mRNA Vaccines

• mRNA Type – Nucleoside-Modified mRNA, Unmodified mRNA, and Self-Amplifying mRNA

Regional Segmentation

• North America – U.S., and Canada

• Europe – Germany, France, U.K., Italy, Spain, and Rest-of-Europe

• Asia-Pacific – China, Japan, South Korea, Australia, and Rest-of-Asia-Pacific

• Latin America – Brazil, Mexico, and Rest-of-Latin America

• Rest-of-the-World

Growth Drivers

• Growing Cases of COVID-19 Globally

• Favorable Regulatory Environment

• Significant External Funding for the Development of mRNA-Based COVID-19 Vaccines

Market Challenges

• Logistical Challenges Associated with mRNA-Based COVID-19 Vaccines

• High Price Associated with mRNA-Based COVID-19 Vaccines

Market Opportunities

• Growing Emphasis on Research and Development for Non-COVID-19 Applications

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, and Verve Therapeutics, Inc.

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