COVID – 19 Impact On RNA Based Therapeutics And Vaccines Market to Record a Robust Growth Rate of CAGR 6.9% During 2019 to 2026

New York City, United States — The change during the COVID-19 pandemic has overhauled our dependence on pattern setting developments, for instance, expanded reality, computer generated reality, and the Healthcare web of things. The unfulfilled cash related targets are persuading the relationship to grasp robotization and forefront advancements to stay ahead in the market competition. Associations are utilizing this open entryway by recognizing step by step operational needs and showing robotization in it to make an automated structure as far as might be feasible.

Tremendous commercialization has been prominently driving the growth of RNA based therapeutics and vaccines market worldwide. Persistence Market Research projects massive growth prospects for the global RNA based therapeutics and vaccines market over the seven-year period, 2019-2026. Demonstrating herculean expansion at a colossal CAGR, the global market for RNA based therapeutics and vaccines is likely to reach beyond US$ 632 Mn by 2026 end.

As indicated by a recently conducted study by PMR, the market for RNA based therapeutics and vaccines will gain a major boost from bolstering research activities, which are witnessing strong governmental as well as private research institutional support over the past few years.

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Company Profiles

  • 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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While emergence of and growing research interests in RNA based therapeutics and vaccines has broadened the scope of therapeutics targeting a range of health conditions, market study points at a majority of research activities in clinical development.

Several governments are offering research funds for RNA based therapeutics and vaccines innovation and research.

Increasing R&D of RNA therapeutics and vaccines that specifically target rare diseases will fuel the growth of market through 2026, as the medical industry currently offers a limited range of treatment alternatives for rare diseases. Recently, Regeneron Pharmaceuticals, Inc. and Alnylam Pharmaceuticals, Inc. announced a strategic collaboration for RNAi therapeutics development targeted to the chronic liver disease nonalcoholic steatohepatitis (NASH).

PMR expects solid market growth, as industry research experts anticipate RNA based therapeutics and vaccines to soon emerge as potential substitutes of conventional symptomatic therapeutics against unmet disease conditions. Some of the key players in the global RNA based therapeutics and vaccines market, including Alnylam Pharmaceuticals and Arrowhead Pharmaceuticals, Inc., recently received the FDA orphan drug designation – which is foreseen to the market growth outlook over the next few years.

Moreover, strategic collaborations have been one of the top developmental strategies preferred by leading participants in the RNA based therapeutics and vaccines marketplace, besides M&A and technological advancements. Several companies are also identified to be focusing on co-development of RNA therapeutics and vaccines in association with pharma leaders to accelerate research activities.

Earlier last year, Arbutus Biopharma Corporation and Gritstone Oncology entered a collaboration and license agreement with an objective to deploy the former’s proprietary lipid nanoparticle (LNP) technology to deliver the latter’s RNA-based neoantigen immunotherapy products.

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In an effort to gain an expanding market footprint, market participants are concentrating on RNA molecule development against unmet medical conditions. Furthermore, in a bid to slash down the manufacturing costs, companies are also increasingly preferring outsourcing their raw material manufacturing process. Substantial reduction of raw material costs, reduced manufacturing complexities, and advanced analytical methods are presumed to further create an opportunistic space for RNA manufacturers.

Value chain expansion and increased operational efficiency are also among the top objectives on which the key players in RNA based therapeutics and vaccines market are likely to work on.

PMR study indicates that high ROI can be expected due to limited competition in the competitive landscape of the global RNA based therapeutics and vaccines market.

While North America continues to represent the most lucrative market for RNA based therapeutics and vaccines, Europe will also remain the next key market globally. According to Persistence Market Research, Asia Pacific and Latin America will exhibit the highest rates of growth over the projection period, attributed to continued prevalence of infectious diseases, pricing flexibility of orphan drugs, and increasing monopolistic power of RNA based therapeutics and vaccines.

Report Highlights:

  • Shifting Industry dynamics
  • In-depth market segmentation
  • Historical, current and projected industry size Recent industry trends
  • Key Competition landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance

Explore Extensive Coverage of PMR`s Life Sciences & Transformational Health Landscape

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About us:

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Our client success stories feature a range of clients from Fortune 500 companies to fast-growing startups. PMR’s collaborative environment is committed to building industry-specific solutions by transforming data from multiple streams into a strategic asset.

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