North America Mrna Therapeutics Market Size & Outlook
North America mrna therapeutics market, 2021-2030 (US$M)
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North America mrna therapeutics market highlights
- The North America mrna therapeutics market generated a revenue of USD 4,741.1 million in 2023.
- The market is expected to grow at a CAGR of 13.8% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 4,741.1 million |
| Market revenue in 2030 | USD 11,746.6 million |
| Growth rate | 13.8% (CAGR from 2023 to 2030) |
| Largest segment | Infectious diseases |
| Fastest growing segment | Infectious Diseases |
| Historical data covered | 2021 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 40.4% of the global mrna therapeutics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 7,398.9 million by 2030.
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MRNA Therapeutics Market Scope
MRNA Therapeutics Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 North America mrna therapeutics market based on infectious diseases covering the revenue growth of each sub-segment from 2021 to 2030.
The mRNA therapeutics market in North America is propelled by rapid regulatory approvals, exemplified by the swift clearance of COVID-19 vaccines like Pfizer-BioNTech and Moderna. Robust investments, particularly from initiatives such as Operation Warp Speed, are expected to fuel R&D.
Advancements in lipid nanoparticle delivery systems and the customization of mRNA sequences underscore a shift toward precision medicine. Moderna, with substantial investments and ongoing clinical trials, exemplifies the region’s commitment to advancing mRNA technology for diverse therapeutic applications.
The funding, led by existing shareholders Sirnaomics Ltd. & Smooth River Limited, and participation from a new investor managed by Rotating Boulder Fund, aimed to expedite the company’s R&D efforts. RNA immune’s focus includes mRNA vaccines and drug discovery targeting infectious diseases, cancer, & rare diseases.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America mrna therapeutics market , including forecasts for subscribers. This continent databook contains high-level insights into North America mrna therapeutics market from 2021 to 2030, including revenue numbers, major trends, and company profiles.
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North America mrna therapeutics market size, by country, 2021-2030 (US$M)
North America MRNA Therapeutics Market Outlook Share, 2023 & 2030 (US$M)
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