mRNA Synthesis Raw Materials Market Geographic Segmentation, Analysis by Types, Regions and Forecast to 2030
The global mRNA synthesis raw materials market size is projected to reach USD 1.99 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 2.85% from 2024 to 2030. The major factors driving the market growth include growing academic and industrial interest in mRNA technology, the advantages of mRNA vaccines, and increasing funding for research. In addition, the increasing therapeutic applications of RNA technology are projected to offer lucrative opportunities for the mRNA synthesis raw materials market during the forecast period.
The COVID-19 pandemic has increased the demand for mRNA synthesis raw materials for developing an efficient vaccine to battle infectious diseases. mRNA vaccines are a safe and efficient method for preventing COVID-19. In addition, the advantages associated with the mRNA COVID-19 vaccines have sparked the attention of pharmaceutical businesses in delivering vaccines swiftly across the globe. For instance, the National Institute of Allergy and Infectious Diseases and Moderna, Inc. mutually developed the mRNA-1273 (NIAID) in March 2020. As a result, the usage of mRNA vaccines increased significantly during the COVID-19 pandemic.
Furthermore, many major pharmaceutical firms have started working on mRNA-based therapeutics, including Novartis, Alexion, AstraZeneca, Pfizer, Sanofi Pasteur, and Shire. For instance, in January 2022, according to a development and option agreement between Pfizer Inc. and Acuitas Therapeutics, Pfizer will have the option to license Acuitas' LNP technology for up to 10 targets for the development of mRNA therapeutics & vaccines. Therefore, the adoption rate of mRNA synthesis raw materials has increased among pharma & biotech companies, which further fuels the market growth.
Gather more insights about the market drivers, restrains and growth of the Global mRNA synthesis raw materials market
mRNA Synthesis Raw Materials Market Report Highlights
- The capping agents segment held the largest share of 39.17% in 2023 owing to the advancements in the capping technology and their applications in the biopharma industry and research
- By application, the vaccine production segment dominated the global industry with the largest revenue share in 2023. This can be attributed to the rapid production of mRNA vaccines compared to the conventional vaccines that utilize cell-culture-based production paths, which are often prone to failure.
- North America dominated the global industry in 2023 and accounted for the largest share of more than 36.77% of the overall revenue in 2023, and is expected to grow at the highest CAGR over the forecast period.
- The biopharmaceutical and pharmaceutical companies segment dominated the market with the highest revenue share in 2023, due to the high commercial success of biopharmaceuticals and rapid growth in demand for therapeutics.
Browse through Grand View Research's Biotechnology Industry Research Reports.
- Cell Sorting Market: The global cell sorting market size was valued at USD 242.7 million in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2030.
- Viral Vector Production (Research-use) Market: The global viral vector production (research-use) market size was valued at USD 1.56 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 14.5% from 2024 to 2030.
mRNA Synthesis Raw Materials Market Segmentation
Grand View Research has segmented the global mRNA synthesis raw materials market on the basis of type, application, end-use, and region:
mRNA Synthesis Raw Materials Type Outlook (Revenue, USD Million, 2018 - 2030)
- Capping Agents
- Nucleotides
- Plasmid DNA
- Enzymes
- Others
- DNase
- RNase Inhibitor
- Polymerase
- Others
mRNA Synthesis Raw Materials Application Outlook (Revenue, USD Million, 2018 - 2030)
- Vaccine Production
- Therapeutics Production
- Others
mRNA Synthesis Raw Materials End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Biopharmaceutical & Pharmaceutical Companies
- CROs & CMOs
- Academic & Research Institutes
mRNA Synthesis Raw Materials Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa (MEA)
Order a free sample PDF of the mRNA Synthesis Raw Materials Market Intelligence Study, published by Grand View Research.
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