8/11/2025, 3:01:26 PM | finance.yahoo.com | news
mRNA Platform Strategic Business Analysis Report 2025 | Global Market to Reach $129.1 Billion by 2030 - Rising Infectious Diseases, Technological Advancements, and Pandemic Preparedness Drive Growth
The global mRNA platform market was valued at $152.0 billion in 2024 and is projected to decline to $129.1 billion by 2030, growing at a CAGR of -2.7%. This report highlights the technology's role in vaccine and therapeutic development, driven by advancements in lipid nanoparticle delivery, synthetic biology, and bioinformatics. Key applications include COVID-19 vaccines, cancer treatments, and other diseases. Market growth is fueled by rising infectious disease incidence, technological improvements, regulatory support, and substantial public and private investments. The U.S. market is valued at $64.5 billion in 2024, with China expected to grow at 0.1% CAGR to reach $13.8 billion by 2030. The cancer vaccine segment is projected to grow at an 86.1% CAGR, while the COVID-19 vaccine segment is expected to reach $102.1 billion by 2030 at a -6.3% CAGR. Major players include BioNTech, Moderna, AstraZeneca, Catalent Pharma Solutions, and several startups such as Providence Therapeutics and pHion Therapeutics. Recent market activity includes Pfizer-BioNTech vaccine approvals, scaling production, and partnerships like Novartis' agreement with Pfizer-BioNTech.