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mRNA Vaccine Market Size & Share, By Type (Self-Amplifying mRNA Vaccines (SAM), Conventional Non-Amplifying mRNA Vaccines), Application (Cancer Immunotherapy, Allergy Tolerization, Therapeutic Vaccines), Regional Forecast, Industry Players, Growth Statistics Report 2024-2035

Report ID: FBI 2214


Published Date: Mar-2024


Format : PDF, Excel

Market Outlook:

mRNA Vaccine Market size exceeded USD 55.87 Billion in 2023 and is estimated to cross USD 161.15 Billion by 2035, growing at over 16.64% CAGR during 2024 to 2035.

Base Year Value (2023)

USD 55.87 Billion

19-23 x.x %
24-35 x.x %

CAGR (2024-2035)


19-23 x.x %
24-35 x.x %

Forecast Year Value (2035)

USD 161.15 Billion

19-23 x.x %
24-35 x.x %
Mrna Vaccine Market

Historical Data Period


Mrna Vaccine Market

Largest Region

North America

Mrna Vaccine Market

Forecast Period


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Market Dynamics:

The mRNA vaccine market has experienced rapid growth in recent years, driven by the increasing demand for innovative and effective vaccines to combat infectious diseases. The market dynamics in this segment are influenced by a variety of factors that present both growth opportunities and challenges for industry players.

Growth Drivers & Opportunities:

One of the key growth drivers for the mRNA vaccine market is the rising prevalence of infectious diseases across the globe. With the ongoing threat of pandemics such as COVID-19, there is a growing need for vaccines that can be developed quickly and effectively to combat new and emerging pathogens. mRNA vaccines have demonstrated their ability to be rapidly developed and scaled up for mass production, making them well-suited for addressing such public health crises.

Furthermore, advancements in biotechnology and genetic engineering have enabled the development of highly targeted and efficacious mRNA vaccines. This has opened up new opportunities for the treatment and prevention of a wide range of infectious diseases, as well as certain types of cancers and genetic disorders.

Report Scope

Report CoverageDetails
Segments CoveredBy Type, Application
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledArgos Therapeutics, BioNTech AG, CureVac AG, eTheRNA Immunotherapies, Ethris, Incellart, Moderna, Sangamo Therapeutics, Tiba Biotech, Translate Bio,

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Additionally, increasing investments in research and development activities by pharmaceutical companies and government organizations are fueling the growth of the mRNA vaccine market. This has led to the expansion of clinical trials and the development of new mRNA vaccine candidates, which are expected to drive market growth in the coming years.

Industry Restraints & Challenges:

Despite the promising growth prospects, the mRNA vaccine market is not without its challenges. One of the primary restraints for the industry is the high cost of research and development associated with mRNA vaccine development. The complex manufacturing processes and stringent regulatory requirements often result in high upfront costs for companies, which can impact their ability to bring new vaccines to market.

Moreover, the mRNA vaccine market faces challenges in terms of public acceptance and hesitancy towards novel vaccine technologies. Many people may be hesitant to embrace mRNA vaccines due to concerns about their safety and efficacy, as well as misinformation and misconceptions about the technology. Addressing these challenges requires industry players to invest in robust communication and education efforts to build trust and confidence in mRNA vaccines among healthcare professionals and the general public.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Mrna Vaccine Market
Mrna Vaccine Market

Regional Forecast:

The regional outlook for the mRNA vaccine market shows varying trends and opportunities across different geographic regions, with North America, Asia Pacific, and Europe emerging as key players in the global market.

North America:

North America is anticipated to hold a significant share in the mRNA vaccine market, driven by the presence of leading pharmaceutical companies and biotech firms, as well as strong government support for vaccine research and development. The region is also witnessing a surge in demand for mRNA vaccines, particularly in the wake of the COVID-19 pandemic, which has accelerated the development and adoption of these innovative vaccine technologies.

Asia Pacific:

The Asia Pacific region is poised for substantial growth in the mRNA vaccine market, thanks to the increasing focus on vaccine development and immunization programs in countries such as China, India, and Japan. Growing investments in healthcare infrastructure and biotechnology R&D in the region are expected to drive the expansion of the mRNA vaccine market in Asia Pacific. Additionally, the rising prevalence of infectious diseases in the region is spurring the demand for more effective and rapid vaccine solutions, further fueling market growth.


Europe is a key player in the global mRNA vaccine market, supported by the region's strong pharmaceutical industry and robust regulatory frameworks for vaccine development and approval. The European Union has been proactive in fostering innovation and investment in mRNA vaccine technologies, which is projected to drive market growth in the region. Moreover, collaborations between European biotech companies and academic research institutions are contributing to the advancement of mRNA vaccine candidates for a wide range of infectious diseases and therapeutic indications.

In conclusion, the mRNA vaccine market is poised for significant expansion, driven by a combination of growth drivers and opportunities, as well as industry restraints and challenges. With ongoing advancements in vaccine technology and increasing global demand for effective immunization solutions, the market is expected to witness continued growth and innovation in the years to come. Additionally, regional forecasts indicate promising opportunities for market expansion in North America, Asia Pacific, and Europe, as these regions continue to invest in the development and adoption of mRNA vaccines to address public health needs.

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Segmentation Analysis:

Therapeutic Area: Infectious Diseases

Infectious diseases represent a significant proportion of the global disease burden, and mRNA vaccines have shown great promise in this area. One notable sub-segment within this category is the development of mRNA vaccines for respiratory infections, such as influenza and RSV. These viruses pose a significant threat to public health, and the development of effective mRNA vaccines could have a major impact on global health outcomes. Companies focused on developing mRNA vaccines for respiratory infections are conducting extensive research to bring safe and effective vaccines to market.

Patient Type: Pediatric Population

The pediatric population represents a unique segment for mRNA vaccine development, as children often have different immune responses and tolerances compared to adults. One specific sub-segment within this category is the development of mRNA vaccines for pediatric infectious diseases, such as measles, mumps, and other childhood illnesses. With the potential to provide long-lasting protection with fewer doses, mRNA vaccines for pediatric populations could revolutionize childhood immunization programs and significantly reduce the spread of infectious diseases among children.

Route of Administration: Intramuscular Injection

Intramuscular injection is a commonly used route for vaccine administration, and several companies are focusing on developing mRNA vaccines that can be delivered via this route. One sub-segment within this category is the development of mRNA vaccines for common infectious diseases, such as influenza, administered via intramuscular injection. The convenience and ease of intramuscular administration make it an attractive option for widespread vaccination campaigns and routine immunization programs.

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Competitive Landscape:

The mRNA vaccine market is characterized by a high level of competition, with several prominent players leading the way in research and development. These companies are actively engaged in clinical trials, regulatory approvals, and commercialization efforts to bring their mRNA vaccines to market.

Moderna, Inc.

Moderna, Inc. is a pioneer in the field of mRNA vaccine technology and has emerged as a key player in the market. The company's mRNA-1273 vaccine, developed in collaboration with the National Institute of Allergy and Infectious Diseases, has shown promising results in clinical trials for the prevention of COVID-19. Moderna's robust pipeline includes mRNA vaccine candidates for various infectious diseases and personalized cancer vaccines, positioning the company as a leader in the mRNA vaccine market.

BioNTech SE

BioNTech SE is another major player in the mRNA vaccine market, known for its collaboration with Pfizer to develop the mRNA-based COVID-19 vaccine, BNT162b2. The successful commercialization of this vaccine has catapulted BioNTech into the spotlight, and the company continues to innovate in the field of mRNA vaccines. BioNTech's diverse pipeline includes mRNA vaccine candidates for respiratory syncytial virus (RSV), influenza, and various cancer indications, solidifying its position as a formidable competitor in the market.

Translate Bio, Inc.

Translate Bio, Inc. is a biotechnology company focused on developing mRNA therapeutics, including vaccines and protein replacement therapies. The company's MRT5500 mRNA-based vaccine program targets multiple infectious diseases, including influenza and primary and secondary vaccine candidates for COVID-19. With a strong emphasis on technological advancements and strategic partnerships, Translate Bio aims to establish itself as a key player in the mRNA vaccine market, driving innovation and expanding its vaccine portfolio.

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mRNA Vaccine Market Size & Share, By Type (Self-Am...

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