mRNA
Vaccines: Introduction
·
Vaccine is nothing but a biological
preparation that provides active acquired immunity to a particular disease.
They stimulate the body's immune system to recognize the disease-causing
microorganism as a threat and destroy it. Its administration is known as
vaccination, the most effective method of preventing infectious diseases.
·
mRNA vaccines
and therapies are used for prevention and treatment of serious health
conditions such as cancer, infectious diseases such as acquired
immunodeficiency syndrome (AIDS) and respiratory diseases
·
mRNA vaccines have ability to mimic natural
viral infections by entering cells and are used to produce viral antigen proteins
from within the cell
·
Multiple mRNAs that are encoded for various
viral proteins can be used as a single vaccine, thereby helping production of
complex multimeric antigens
Key
Drivers and Restraints of Global mRNA Vaccines Market
·
Rise in prevalence of cancer, genetic
disorders, and viral infections; and increase in awareness about vaccination
drive the global mRNA vaccines market
·
Outbreak of COVID-19 and rise in number of
prominent market players conducting clinical trials for vaccine development are
projected to drive the global market during the forecast period
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Cancer
Segment to Account for Major Share of Global mRNA Vaccines Market
·
In terms of indication, the global mRNA
vaccines market can be classified into cancer, HIV AIDS, respiratory diseases,
and others
·
The cancer segment is anticipated to
dominate the global market during the forecast period, due to significant
demand for mRNA vaccines for cancer and strengthening product pipeline
·
According to the National Cancer Institute
(NCI), cancer is among the leading causes of death worldwide and the number of
new cases per year is expected to rise to 23.6 million by 2030
·
According to the World Health Organization
(WHO) currently, 10,000 of human diseases are known to be monogenic, caused by
modifications in a single gene in human DNA. The global prevalence of all
single gene diseases at birth is approximately 10/1000.
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Hospitals
& Clinics to Account for Major Share of Global mRNA Vaccines Market
·
Based on end-user, the global mRNA vaccines
market can be categorized into hospitals & clinics, ambulatory surgical
centers, research institutes, and others
·
The hospitals & clinics segment is
likely to account for major share of the global mRNA vaccines market by 2027,
owing to increase in number of patients with respiratory diseases, cancer, and
infectious diseases
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North
America to Dominate Global mRNA Vaccines Market
·
In terms of region, the global mRNA
vaccines market can be segmented into North America, Europe, Asia Pacific,
Latin America, and Middle East & Africa. North America is projected to
dominate the global mRNA vaccines market during the forecast period.
·
Increase in demand for mRNA vaccines for
COVID-19, presence of prominent players operating in the U.S., and exponential
rise in number of COVID-19 cases in the U.S. are anticipated to drive the
market in North America
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Key
Players Operating in Global mRNA Vaccines Market
The global
mRNA vaccines market is highly fragmented, with a large number of domestic
players accounting for major market share.
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