Canada Mrna Therapeutics Market Size & Outlook, 2023-2030
Canada mrna therapeutics market, 2021-2030 (US$M)
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Canada mrna therapeutics market highlights
- The Canada mrna therapeutics market generated a revenue of USD 792.8 million in 2023 and is expected to reach USD 2,048.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 14.5% from 2024 to 2030.
- In terms of segment, infectious diseases was the largest revenue generating application in 2023.
- Infectious Diseases is the most lucrative application segment registering the fastest growth during the forecast period.
Mrna therapeutics market data book summary
| Market revenue in 2023 | USD 792.8 million |
| Market revenue in 2030 | USD 2,048.8 million |
| Growth rate | 14.5% (CAGR from 2023 to 2030) |
| Largest segment | Infectious diseases |
| Fastest growing segment | Infectious Diseases |
| Historical data | 2021 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Infectious Diseases |
| Key market players worldwide | Moderna Inc, BioNTech SE ADR, CureVac NV Ordinary Shares, Arcturus Therapeutics Holdings Inc, Sanofi SA, GSK PLC, Pfizer Inc, AstraZeneca PLC, Argos Therapeutics, ETHRIS |
Other key industry trends
- In terms of revenue, Canada accounted for 6.8% of the global mrna therapeutics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. mrna therapeutics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,048.8 million by 2030.
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MRNA Therapeutics Market Scope
MRNA Therapeutics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada mrna therapeutics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mrna therapeutics market will help companies and investors design strategic landscapes.
Infectious diseases was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Canada mrna therapeutics market based on infectious diseases covering the revenue growth of each sub-segment from 2021 to 2030.
The Canada mRNA therapeutics market is expected to register significant growth over the forecast period due to ongoing manufacturing facility expansions by key players in the market. For instance, in August 2021, the Canada government and Moderna, Inc. entered into a strategic collaboration to build an mRNA vaccine manufacturing facility for the development of respiratory virus vaccines.
Furthermore, In May 2023, Moderna, Inc. revealed a significant long-term agreement with Novo col Pharma, a prominent Ontario-based sterile injectable contract development and manufacturing organization (CDMO). The partnership aims to handle aseptic fill-finish, labeling, and packaging for mRNA respiratory vaccines to be manufactured in Canada.
Aseptic fill-finish is the final stage in production, involving transferring vaccine drug products into vials and preparing them for distribution. The collaboration with Novo col Pharma will boost fill-finish capacity for vaccines produced at Moderna’s upcoming mRNA facility in Laval, anticipated to be operational by the end of 2024, pending planning and regulatory approvals.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada mrna therapeutics market , including forecasts for subscribers. This country databook contains high-level insights into Canada mrna therapeutics market from 2021 to 2030, including revenue numbers, major trends, and company profiles.
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Canada mrna therapeutics market size, by application, 2021-2030 (US$M)
Canada MRNA Therapeutics Market Outlook Share, 2023 & 2030 (US$M)
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