RNA-Based Therapeutics and Vaccines Market is all set to witness a CAGR of 86.6% in the next decade. It is expected to reach US$ 2.48 Billion by the year 2028. With digitized communication channels making a beeline to the healthcare vertical, the advanced clinics are into virtual consultation mode, and this scenario is expected to continue even going forward. Regulatory approvals for this type of communication are on the way. Close to 70% of the public hospitals worldwide are being asked to adopt digital means. This would be the scene with healthcare vertical in the subsequent period.
According to a new study conducted by Persistence Market Research (PMR), the Global RNA-Based Therapeutics and Vaccines Market size is expected to hit US$ 2.48 Billion in terms of market value by 2028. The report also says that the Global RNA-Based Therapeutics and Vaccines Market will witness a staggering CAGR of 86.6% from 2022 to 2028.
RNA-based therapeutics and vaccines became successful in 2010. The years 2020 and 2021 witnessed the development of mRNA vaccinations to combat the Covid-19 pandemic. Because of the discovery of mRNA vaccines, the market for RNA-based therapeutics and vaccines is expected to grow rapidly in the near future.
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Companies
- Alnylam Pharmaceuticals, Inc.
- Arbutus Biopharma Corp.
- Arrowhead Pharmaceuticals, Inc.
- BioNTech AG
- CureVac AG
- Dicerna Pharmaceuticals, Inc.
- Regulus Therapeutics, Inc.
- Marina Biotech, Inc.
- miRagen Therapeutics
- Moderna Therapeutics, Inc.
- Quark Pharmaceuticals, Inc.
- Santaris Pharma A/S (A Roche Company)
- Sylentis S.A.
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Apart from this, the rising prevalence of chronic diseases such as diabetes, tuberculosis, cancer, and certain other cardiovascular conditions, combined with rapid technological advancements in the healthcare sector, will significantly increase the demand for RNA-Based Therapeutics and Vaccines in the near future.
Because of the rising importance of RNA medications in treating rare diseases, the market for RNA-based therapeutics and vaccines in North America has grown significantly. During the projected period, the United States is likely to maintain its lead over the other countries.
Due to increased RNA research activities in collaboration with government organizations, the European market for RNA-based Therapeutics and Vaccines will record significant growth. The Asia Pacific region’s high prevalence of infectious diseases is also expected to provide enormous potential for the RNA-based Therapeutics and Vaccines market.
The Impact of COVID-19 on the Global RNA Based Therapeutics and Vaccines Market
The emergence of Covid-19 was a disaster for the global economy, but the Global RNA Based Therapeutics and Vaccines Market grew significantly as a result of tremendous research activity that led to the development of mRNA vaccines to fight the Covid-19 pandemic. The development of mRNA vaccines helped to revive the global economy and immunize people against the deadly virus.
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PMR has presented a comprehensive report based on RNA-Based Therapeutics and Vaccines Market as per Product Type (Workstations, Reagents and Consumables, Kits (RNA sample preparation and DNA sample preparation)), Application (Research Applications, Diagnostic Testing, Clinical Testing), End User (Diagnostic Centers, Hospitals, Academic & Research Institutes, Forensic Science Laboratories, CROs (Contract Research Organizations)) based on seven regions.
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