mRNA Vaccines and Therapeutics Market Size, Share, and Trends 2024 to 2033

mRNA Vaccines and Therapeutics Market Size and Companies

The global mRNA vaccines and therapeutics market size was USD 1,241.64 million in 2023, accounted for USD 1,630.52 million in 2024 and is expected to reach around USD 18,936.64 million by 2033, expanding at a solid CAGR of 31.32% from 2024 to 2033. The applications of mRNA vaccines and therapeutics including mRNA-based gene editing, protein replacement, mRNA-based genetic reprogramming, cancer immunotherapy, and infectious disease vaccines these factors help the growth of the market.

mRNA Vaccines and Therapeutics Market Key Takeaways

• North America dominated the mRNA vaccines and therapeutics market in 2023.
• Asia Pacific is estimated to be the fastest growing during the forecast period of 2024-2033.
• By disease type, the hereditary transthyretin-mediated amyloidosis genetic segment dominated the market in 2023.
• By disease type, the acute hepatic porphyria segment is the fastest growing during the forecast period.
• By route of administration type, the IV infusion segment dominated the market in 2023.
• By route of administration type, the subcutaneous segment is the fastest growing during the forecast period.
• By end-user type, the hospitals and clinics segment dominated the in 2023 and is also expected to be the fastest growing during the forecast period.

Market Overview

The mRNA vaccines and therapeutics deliver the mRNA coding for specific proteins or antigens into the cells of a patient either naked or using a delivery vehicle. The mRNA vaccines and therapeutics market deal with research institutes, hospitals, and clinics for various applications including vaccines, cell therapy, gene editing, therapeutic protein replacement, and more, and also for various disease types which include atherosclerotic cardiovascular disease, primary hyperoxaluria type 1, acute hepatic porphyria, and hereditary transthyretin-mediated amyloidosis genetic.

The mRNA vaccines and therapeutics are an innovative biomedical approach used in developing antigen-specific vaccines that may generate adaptive immune responses, triggering both cellular and humoral immunity to improve the body’s defense against certain infections. These have the potential to prevent infections and treat diseases and help the growth of the market. These factors help the growth of the market.

mRNA Vaccines and Therapeutics Market Growth Factors

• The mRNA vaccines and therapeutics applications include treatment for cancer and protein replacement and infectious diseases that help the growth of the market.
• The advantages of mRNA vaccines and therapeutics include low cost, safety, efficacy, transfection efficiency, efficacy, and high stability manufacturing processes.
• mRNA vaccines are safer because they do not contain live viruses. These vaccines may be fastly mass produced, tested, and designed. These factors help the growth of the mRNA vaccines and therapeutics market.
• mRNA vaccines have the potential to treat different diseases or different variants of diseases. mRNA vaccines work by activating immune systems by creating antibodies. These factors help the growth of the market.
• mRNA therapeutics applications include vaccines, cell therapy, gene editing, therapeutic protein replacement, and more that help the growth of the market.

mRNA Vaccines and Therapeutics Market Scope

mRNA Vaccines and Therapeutics Market Dynamics

Driver

Increasing occurrence of infectious and chronic diseases

The increased prevalence of viral infections, HIV (Human Immunodeficiency Virus), influenza, and Ebola helps to the growth of the market. The mRNA vaccines help to produce harmless proteins in the body that look like proteins found on the surface of the virus. Advantages of the use of mRNA vaccines include being quickly mass-produced, tested, and designed. mRNA vaccines are safe because they do not contain live viruses. The applications of mRNA vaccines also include preventing diseases like COVID-19, cancer-like diseases, and other infectious diseases. These factors help the growth of the mRNA vaccines and therapeutics market.

Restraint

Risks of mRNA vaccines and therapeutics

The mRNA vaccines and therapeutics may include increased risks of myocarditis or pericarditis, cancer, autoimmunity, chronic autoinflammation, and DNA damage. The mRNA vaccines contain most of the serious side effects including deaths, anaphylaxis, and antibody-dependent enhancements. The mRNA vaccines also have some other side effects including persistent or severe headaches, fits or seizures or confusion, blurred vision, persistent abdominal pain, leg pain, leg swelling, chest pain, and shortness of breath. Some people have concerns that cause of heart problems due to mRNA vaccines. These factors can restrict the growth of the mRNA vaccines and therapeutics market.

Opportunity

Recent verifications have shown the potential of mRNA vaccines to counteract a large range of cancers and infectious pathogens. The mRNA vaccines are easy, efficacious, and safe to manufacture on a large scale. These properties become necessary when battling against global pandemics in the future. The future applications of mRNA vaccines include cancer therapeutics and vaccines, severe acute respiratory syndrome (SARS), respiratory syncytial virus (RSV), and HIV. Innovation in the development of mRNA-based vaccines against the subtype of influenza viruses. These factors help the growth of the mRNA vaccines and therapeutics market.

Disease Type Insights

The hereditary transthyretin-mediated amyloidosis genetic segment dominated the mRNA vaccines and therapeutics market in 2023. The mRNA vaccines and therapeutics are highly used for the treatment of hereditary transthyretin-mediated amyloidosis genetic disease. mRNA vaccines and therapeutics are used to instruct body cells to make specific proteins that have essential roles in the body. mRNA normally uses biological processes and our own body to prevent infections and potentially treat diseases. For the treatment of peripheral nerve disease which is caused due to the hereditary transthyretin-mediated amyloidosis genetic disease in adult patients, mRNA vaccines and therapeutics are used. These factors help the growth of the hereditary transthyretin-mediated amyloidosis genetic disease type segment and contribute to the growth of the market.

The acute hepatic porphyria segment is the fastest-growing during the forecast period. mRNA vaccines have properties of swiftest response to a wide range of outbreaks of infectious disease. Acute hepatic porphyria disease is a group of rare inherited diseases due to deficiency in distinct enzymes and the treatment of this type of disease. mRNA vaccines and therapeutics have multiple therapeutic advantages that help to make them ideal for the development of next-generation cancer immunotherapy drugs as compared to other functional biomolecules like recombinant proteins and DNA plasmids. mRNA-based drugs have lower toxicity and higher transfection efficiencies as compared to DNA-based drugs. These factors help the growth of the acute hepatic porphyria disease type segment and contribute to the growth of the mRNA vaccines and therapeutics market.

Route of Administration Type Insights

The IV infusion segment dominated the mRNA vaccines and therapeutics market in 2023. mRNA carriers in vaccines play an essential role in the composition of mRNA, delivery method, mRNA formulation, and effective vaccination. mRNA vaccines may be delivered by using naked mRNA or peptides, polymers, and lipid nanoparticles. IV infusion type route of administration allows direct access to mRNA vaccines to the lymphoid organs and immune cells in the circulatory system leading to improved efficiency of the mRNA vaccines.

The IV infusion is highly used for the administration of mRNA vaccines and therapeutics due to their benefits including high speed, efficacy, and convenience which helps healthcare professionals and patients recover quickly. IV infusion benefits also include control of dose and delivery speed, it ensures that the drug remains in the system for a longer period, promoting better cardiovascular risks, promoting relaxation, and easing anxiety. IV infusion is essential in clinical settings and hospitals. These factors help the growth of the IV infusion route of the type administration segment and contribute to the growth of the market.

The subcutaneous segment is the fastest-growing during the forecast period. The subcutaneous type of route administration is highly used for mRNA vaccines and therapeutics. There are many advantages including the subcutaneous route of administration allows sustained action depot preparation, self-administration is possible because the subcutaneous injections need not penetrate deeply, absorption is slower and it is safer than intramuscular and intravenous routes, and it is the better route of administration especially for the skin infections. These factors help the growth of the subcutaneous route of administration segment and contribute to the growth of the mRNA vaccines and therapeutics market.

End-user Type Insights

The hospitals and clinics segment dominated the mRNA vaccines and therapeutics market in 2023 and is the fastest-growing during the forecast period. As compared to other vaccines mRNA vaccines have unique advantages including the use of short development time, protein translational machinery of the host, efficient delivery, and versatility. The mRNA vaccines are easy and fast speed for their manufacture. It requires minimum platform change for mRNA manufacturing and development. The mRNA vaccines can safely and rapidly protect patients from infectious diseases.

The key advantages of mRNA therapeutics include rapid manufacturing, ease of design, no risk of genomic integration, lack of requirement for nuclear delivery, transient, potent, rapid, and expression. The mRNA-based vaccines are used for the treatment of a variety of diseases including cerebrovascular diseases, cardiovascular diseases, cancer, metabolic genetic diseases, and infectious diseases. These factors help the growth of the hospitals and clinics segment and contribute to the growth of the market.

Regional Insights

North America dominated the mRNA vaccines and therapeutics market in 2023. In North America, the supportive reimbursement policies and increase in the number of senior populations help to the growth of the market. mRNA vaccines have the potential for the treatment of different diseases and different types of diseases.  The U.S. is the leading country for the growth of the market. A lot of the major companies belong to the U.S. which gives a boost to the growth and development of vaccines and therapeutics. Organization like the FDA ensures that the vaccines and treatment options follow all the quality and safety standards which ensure that the vaccines and therapeutics are safe for using on mass level.

• In January 2022, the U.S. Food and Drug Administration (FDA) approved the second mRNA-based COVID-19 vaccine Spikevax which was previously called as Moderna COVID-19 vaccine. This FDA-approved vaccine is marketed as Spikevax for COVID-19 prevention in individuals of 18 years age and above.

Asia Pacific is estimated to be the fastest growing during the forecast period of 2024-2033. The increasing prevalence of chronic diseases leads to a high demand for the growth of the market. India, China, and Japan are the leading countries for the growth of the mRNA vaccines and therapeutics market.

• In November 2023, the Arcturus Therapeutics and Global biotechnology leader CSL announced that Japan’s MHLW (Ministry of Health, Labor, and Welfare) got approved for ARCT-154, a sa-mRNA COVID-19 vaccine for initial vaccination and booster for 18 years age and older.
• In January 2024, the Japanese regulators proceeded to launch a second-generation COVID-19 vaccine that uses sa-mRNA (self-amplifying messenger RNA).
• In June 2024, the mRNA vaccine GEMCOVAC-OM priced at ₹2,292 was made by India with the help of Gennova Biopharmaceuticals for the treatment of the dominant Omicron Variant of the COVID-19 coronavirus.

mRNA Vaccines and Therapeutics Market Companies

• Kernal Biologics Inc
• Sanofi
• Argos Therapeutics Inc
• Charoen Pokphand Group
• AIM Vaccine Corporation
• CureVac SE
• Ethris GmbH
• Bohringer Ingelheim International GmbH
• Arcturus 
• Daiichi Sankyo
• GSK Plc.
• Gennova Biopharmaceuticals Limited
• Moderna, Inc.
• BioNTech SE
• Pfizer Inc.

Recent Developments

• In May 2022, the first-in-Africa clinical trial of the mRNA HIV vaccine development program was launched by the non-profit scientific research organization, IAVI and a biotechnology company pioneering mRNA vaccines and therapeutics, Moderna, Inc. This is for immunogenicity, safety, and to strengthen regional scientific capacity.
• In March 2024, the Dr, Jeffrey S. Weber and the team at NYU Langone Health’s Perlmutter Cancer Center and other cancer centers around the world, clinical trial tests personalized to the mRNA vaccine for the treatment of metastatic melanoma.
• In April 2024, a biopharmaceutical company driven by immunology in the pursuit of powerful prevention and treatment of diseases, VBI Vaccines Inc., announced that expanded collaboration with the Government of Canada to advance mRNA-launched enveloped virus-like particle (eVLP) vaccine platform.
• In May 2024, a personalized mRNA cancer vaccine trial developed by Genentech and BioNTech for patients and launched by NHS.

Segments Covered in the Report

By Disease Type

• Hereditary Transthyretin-mediated Amyloidosis Genetic
• Acute Hepatic Porphyria
• Primary Hyperoxaluria Type 1
• Atherosclerotic Cardiovascular Disease

By Route of Administration

• IV Infusion
• Subcutaneous

By End-user Type

• Research Institutes
• Hospitals and Clinics

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa