Tuesday, 02 January 2024 12:17 GMT

Mrna Synthesis Raw Materials Market Insights On Regional Expansion Across North America Europe And Asia Pacific


(MENAFN- iCrowdNewsWire)

The mRNA Synthesis Raw Materials Market Size is valued at USD 1.8 Bn in 2024 and is predicted to reach USD 3.4 Bn by the year 2034 at a 6.6% CAGR during the forecast period for 2025-2034.

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Messenger RNA (mRNA) is synthesized through chemical processes that employ DNA sequences as transcription templates. Due to its versatility and capacity for repeated use, mRNA has become a highly effective platform for developing both therapeutic and prophylactic vaccines across a wide range of chronic and infectious diseases. Compared to conventional treatment modalities, mRNA-based vaccines offer distinct advantages, including enhanced efficacy, streamlined manufacturing, and improved immunogenicity.

The mRNA synthesis and manufacturing sector is anticipated to experience significant growth, driven by ongoing scientific innovations and technological advancements. Rising demand for high-quality raw materials is a key factor, as leading industry players prioritize the production of safe and effective pharmaceutical products, including vaccines and therapeutics.

Additionally, the biopharmaceutical industry is undergoing a transformative evolution driven by mRNA platform technologies. Breakthroughs in lipid nanoparticle delivery systems, coupled with advancements in mRNA synthesis techniques, are expected to be critical in supporting the market's sustained expansion over the forecast period.

List of Prominent Players in the MRNA Synthesis Raw Materials Market:

  • F. Hoffmann-La Roche Ltd.
  • Jena Bioscience GmbH
  • Merck KGaA
  • Yeasen Biotechnology (Shanghai) Co., Ltd.
  • BOC Sciences
  • Thermo Fisher Scientific, Inc.
  • Maravai LifeSciences
  • New England Biolabs
  • Creative Biogene
  • HONGENE

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Market Dynamics

Drivers:

The growing demand for raw materials in mRNA synthesis is primarily driven by initiatives from leading industry participants aimed at enhancing product quality, efficacy, and consistency. Increased awareness among healthcare professionals and the general population regarding the importance of early detection and treatment of chronic and infectious diseases has further intensified the demand for pharmaceutical interventions, including vaccines, therapeutics, and related applications.

Market expansion is additionally supported by strategic activities such as mergers, acquisitions, and collaborative partnerships among key stakeholders. Other growth drivers include the introduction of innovative products, improvements in manufacturing efficiency, facility customization, and continuous technological advancements within the pharmaceutical production sector.

Challenges:

A major challenge confronting the market is the high cost and limited availability of critical raw materials essential for mRNA synthesis. Contributing factors include stringent regulatory requirements, a limited pool of suppliers capable of meeting microbiological and Good Manufacturing Practice (GMP) standards, and the specialized nature of these materials.

These constraints can result in supply chain disruptions, elevated production costs, and extended lead times. Mitigating these challenges requires expanding the supplier network, strengthening logistical infrastructure, and fostering robust partnerships with raw material providers to ensure reliable access to high-quality inputs necessary for mRNA-based product manufacturing.

Regional Trends:

North America is expected to maintain a leading share of the global mRNA synthesis raw materials market, supported by substantial investments in research and development, a high prevalence of infectious diseases, and rapid adoption of advanced biotechnologies.

The COVID-19 pandemic further strengthened the region's market position by driving clinical research, expanding funding opportunities, and accelerating government initiatives focused on RNA-based therapeutics. Europe also holds a significant market share, driven by both established and emerging manufacturers leveraging natural and synthetic production methodologies to meet growing demand.

Recent Developments:

  • In January 2024, Roche declared that it had reached a final deal to purchase a number of LumiraDx group assets related to the company's ground-breaking Point of Care technology. There will be requirements attached to the acquisition. Following the transaction's closing, Roche Diagnostics will fully integrate the acquired companies.
  • In August 2024, Thermo Fisher Scientific's array, the recently released AxiomTM PangenomiX Array, stands out for its extensiveness and ethnic diversity. It offers perfect genetic coverage for studies of disease or pharmacogenomics at the population level.

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Segmentation of MRNA Synthesis Raw Materials Market-

By Product Type-

  • Capping Enzymes
  • Plasmid DNA
  • Nucleotides
  • Enzymes
  • Others

By Application-

  • Therapeutics Production
  • Vaccine Production
  • Drug Discovery

By End-user-

  • Biotechnology & Pharmaceutical Companies
  • CMOs & CROs
  • Research and Academic Institutes
  • Others

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

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