mRNA Cancer Vaccines and Therapeutics Market Size, Share, Growth, and Industry Analysis, By Type (Adeno Carcinomas, Mucinous Carcinomas, and Adenosquamous Carcinomas), By Application (Infectious Disease, Cancer, and Others), Regional Insights, and Forecast From 2024 To 2030

Updated On: 08 April 2024

mRNA Cancer Vaccines and Therapeutics Market REPORT OVERVIEW

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The global mRNA cancer vaccines and therapeutics market size was 140.4 million in 2021. As per our research, the market is expected to reach USD 480.9 million by 2028, exhibiting a CAGR of 19.0% during the forecast period.

The COVID-19 pandemic has been unprecedented and staggering, with mRNA cancer vaccines and therapeutics experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

mRNA-based cancer vaccines and therapeutics represent a promising approach in the field of oncology. These innovative treatments utilize synthetic strands of messenger RNA to either stimulate the immune system against cancer cells or directly target malignant tumors. mRNA cancer vaccines work by encoding specific tumor antigens in the mRNA, which, when administered, trigger the production of these antigens in the body.

Consequently, the immune system recognizes these antigens as foreign and mounts an attack against cancer cells expressing them. On the other hand, mRNA cancer therapeutics are designed to inhibit cancer-related genes or express proteins with anti-cancer effects, providing a targeted and potentially more effective treatment option.

COVID-19 IMPACT: Clinical Trials Disruptions Reduced Demand Significantly

COVID-19 had a life changing impact globally. The mRNA cancer vaccines and therapeutics market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for mRNA cancer vaccines and therapeutics experienced a reduced demand.

During the pandemic, many research institutions and pharmaceutical companies shifted their focus and resources towards COVID-19 vaccine development. This redirection of efforts impacted the timelines and priorities for other vaccine and therapeutic developments, including mRNA-based cancer vaccines and treatments. The pandemic led to disruptions in ongoing clinical trials for various diseases, including cancer. Enrollments in clinical trials were affected, and some trials had to be put on hold or delayed due to safety concerns and restrictions on non-essential medical activities.

The pandemic caused disruptions in global supply chains, including those related to the production and distribution of pharmaceutical products, including mRNA-based therapies. This may have impacted the availability of essential materials required for research and production. Economic impacts of the pandemic may have led to budget constraints and reduced funding for certain research projects, potentially affecting the pace and scope of mRNA cancer vaccine and therapeutic development. The market is anticipated to boost the mRNA cancer vaccines and therapeutics market share following the pandemic.

LATEST TRENDS

"Expansion to Different Cancer Types to Broaden Market Growth"

Research was expanding beyond a specific type of cancer, and mRNA-based therapies were being explored for various malignancies. Clinical trials were underway to evaluate the safety and efficacy of mRNA vaccines and therapeutics in different cancer types. Personalized mRNA cancer vaccines, tailored to an individual patient's specific tumor antigens, were gaining traction. These vaccines aimed to stimulate a patient's immune system to recognize and target the unique mutations present in their cancer cells.

Neoantigens are unique antigens that result from tumor-specific mutations. mRNA vaccines targeting neoantigens showed promise in stimulating a potent and targeted immune response against cancer cells. Researchers were making strides in optimizing mRNA delivery and stability, which are crucial for the effectiveness of mRNA-based cancer vaccines. Innovations in lipid nanoparticles and other delivery systems were being explored to improve the targeted delivery of mRNA to cancer cells. These latest developments are anticipated to boost the mRNA cancer vaccines and therapeutics market share.

mRNA Cancer Vaccines and Therapeutics Market SEGMENTATION

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• By Type

Based on type, the market is divided into Adeno Carcinomas, Mucinous Carcinomas, and Adenosquamous Carcinomas.

Adeno Carcinomas holds a major share of the global market.

• By Application

Based on application, the market is bifurcated into Infectious Disease, Cancer, and Others.

Infectious Disease as application holds a major share of the global market.

DRIVING FACTORS

"Stimulating Immune Response to Boost Market Share"

mRNA-based cancer vaccines can elicit a strong and specific immune response against tumor antigens. By stimulating the immune system, these vaccines aim to train the body's defenses to recognize and target cancer cells more effectively. mRNA vaccines and therapeutics can be designed and synthesized relatively quickly compared to traditional vaccines and treatments. This versatility enables rapid responses to emerging cancer targets and variants, making it a flexible tool in the fight against cancer.

"Low Risk of Integration to Boost Market Size"

Unlike viral vector-based vaccines and gene therapies, mRNA vaccines do not integrate into the host genome, reducing the risk of unintended genetic modifications and potential long-term side effects. mRNA cancer vaccines can be combined with other immunotherapies or traditional cancer treatments, such as checkpoint inhibitors, to potentially enhance treatment outcomes and synergize the immune response. These factors are anticipated to drive the mRNA cancer vaccines and therapeutics market share.

RESTRAINING FACTORS

"Immunogenicity Concerns to Hamper Market Share"

mRNA molecules can trigger an immune response in the body, which may result in unwanted side effects or neutralize the therapeutic effect. Balancing immunogenicity to ensure a potent and specific immune response against cancer cells while minimizing adverse reactions is a key consideration. Delivering mRNA molecules to the target cells in the body can be complex. mRNA is inherently unstable and can be degraded before it reaches its intended destination. Developing effective and safe delivery systems that can protect and transport mRNA to cancer cells remains a significant challenge. The factors are anticipated to hinder the growth of the mRNA cancer vaccines and therapeutics market share.

mRNA Cancer Vaccines and Therapeutics Market REGIONAL INSIGHTS

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"North America Dominates the mRNA Cancer Vaccines And Therapeutics Market "

North America is the largest market shareholder for mRNA cancer vaccines and therapeutics market share. The region has been a significant player in mRNA technology research and development. Several prominent biotechnology companies and research institutions in this region have been at the forefront of mRNA vaccine and therapeutic development. The country's strong biomedical research infrastructure, funding support, and a favorable regulatory environment have contributed to its leading position in the field. Europe is the second major shareholder for growth of the mRNA cancer vaccines and therapeutics market share.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio. 

List of Market Players Profiled

• Moderna Therapeutics [U.S.]
• CureVac [Germany]
• Translate Bio [U.S.]
• BioNTech [Germany]
• Sangamo Therapeutics [U.S.]
• Argos Therapeutics [U.S.]
• In-Cell-Art [France]
• eTheRNA [Belgium]
• Ethris [Germany]
• Tiba Biotechnology [China]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.