MRNA Vaccines And Therapeutics Market Size and Share
MRNA Vaccines And Therapeutics Market Analysis by Mordor Intelligence
- The mRNA vaccines and therapeutics market size stood at USD 63.89 billion in 2025 and is forecast to reach USD 138.88 billion by 2030, translating into a vigorous 16.8% CAGR. Scale-up capital is flowing into specialized manufacturing hubs, strategic public–private alliances are broadening clinical pipelines, and next-generation constructs are moving from academic labs to pivotal trials. Investor appetite remains resilient because real-world effectiveness data validate the platform across COVID-19, RSV, and several oncology settings [1]Moderna, Inc., "Moderna Receives U.S. FDA Approval for RSV Vaccine mRESVIA," modernatx.com. Closing regulatory gaps through the FDA Platform Designation Program and similar fast-track schemes in Japan and Singapore is shortening development timelines, while modular closed-system plants reduce both capex and batch-to-batch variability. At the same time, supply-chain innovations—particularly continuous lipid-nanoparticle production and improved cold-chain monitors—are lowering cost per dose and expanding access in emerging regions.
Key Report Takeaways
- By mRNA construct type, conventional non-replicating mRNA led with 65.65% of the mRNA vaccines and therapeutics market share in 2024, while self-amplifying mRNA is projected to advance at a 17.45% CAGR through 2030.
- By therapeutic area, infectious diseases accounted for 50.45% of the mRNA vaccines and therapeutics market size in 2024, whereas oncology is poised for the fastest growth at 17.56% CAGR to 2030.
- By delivery system, lipid nanoparticles held 68.34% revenue share in 2024; viral vectors exhibit the highest forecast CAGR at 17.23% between 2025 and 2030.
- By distribution channel, public procurement captured 69.91% of 2024 revenue, while the private channel is set to expand at a 17.65% CAGR through 2030.
- By geography, North America commanded 42.34% share in 2024; Asia-Pacific is projected to grow fastest at a 17.89% CAGR over the same period.
Global MRNA Vaccines And Therapeutics Market Trends and Insights
Drivers Impact Analysis
Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
---|---|---|---|
Pandemic-preparedness demand surge | +3.2% | Global | Medium term (2-4 years) |
Rising chronic & infectious disease burden | +2.8% | APAC, Emerging markets | Long term (≥ 4 years) |
Government & venture R&D funding escalation | +2.1% | North America, Europe, APAC | Short term (≤ 2 years) |
Commercial proof-of-concept post-COVID-19 | +2.5% | Global | Medium term (2-4 years) |
Modular closed-system mRNA manufacturing roll-out | +1.8% | North America, Europe | Long term (≥ 4 years) |
Advancements in self-amplifying/circular mRNA | +1.9% | Japan, Singapore, Global | Medium term (2-4 years) |
Source: Mordor Intelligence
Pandemic-preparedness demand surge
Government preparedness funding sustains the mRNA vaccines and therapeutics market as health agencies look beyond COVID-19 to influenza, mpox, and tuberculosis. BARDA’s USD 176 million award to Moderna for an H5 influenza candidate anchors a multiyear procurement roadmap [2]Moderna, Inc., "Moderna Receives Project Award through BARDA's Rapid Response Partnership Vehicle Consortium to Accelerate Development of mRNA-based Pandemic Influenza Vaccine," modernatx.com. CEPI followed with a USD 145 million facility commitment that enables BioNTech to co-locate fill-finish capabilities for malaria antigens in Rwanda. These programs embed contingent purchasing clauses that trigger automatic scale-up during future outbreaks, de-risking commercial capacity investments. The Coalition for Epidemic Preparedness Innovations has also published a Chemistry-Manufacturing-Control Framework that standardizes analytical release testing, curbing the historically high attrition seen at the “valley of death” stage of vaccine development. Collectively, these efforts extend global demand visibility, unlocking lower cost of capital for mid-sized developers.
Rising chronic & infectious disease burden
Escalating incidence of melanoma, cervical cancer, and respiratory infections is broadening the addressable pool for mRNA therapeutics. In oncology, the mRNA-4157 plus pembrolizumab combination demonstrated a 49% reduction in melanoma recurrence across a three-year readout. Rare-disease pipelines are equally buoyant; positive safety data in propionic acidemia patients confirmed the platform’s potential in metabolic disorders. Autoimmune prospects are maturing, evident in Cartesian Therapeutics entering Phase 3 trials for Descartes-08 in myasthenia gravis. These clinical milestones translate into payer willingness to reimburse high-value therapies, reinforcing revenue forecasts for the mRNA vaccines and therapeutics market.
Government & venture R&D funding escalation
Sovereign funds and blue-chip investors are amplifying early-stage capital flows. The UK pledged GBP 129 million to BioNTech for genomic-driven cell therapies, while Australia’s RNA Blueprint estimates an USD 8 billion GDP contribution by 2033, backed by state grants to Aurora Biosynthetics. Private placements remain robust; Exsilio Biotech launched with USD 82 million, and RNAimmune has raised USD 39.35 million to date. This blended financing model shortens cash runway constraints that often impede first-in-class programs.
Commercial proof-of-concept post-COVID-19
Regulators are issuing record numbers of breakthrough and priority-review designations for mRNA products, converting scientific promise into reliable commercial cashflows. The FDA cleared Moderna’s RSV vaccine for adults 18-59 in June 2025, extending the brand family beyond its original 60+ indication. Japan’s approval of ARCT-154, the first self-amplifying mRNA for SARS-CoV-2, signaled Asia’s willingness to adopt novel constructs. These milestones give payers and investors tangible reference points for reimbursement, accelerating pipeline valuation upgrades across the mRNA vaccines and therapeutics market.
Restraints Impact Analysis
Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
---|---|---|---|
Cold-chain & stringent regulatory compliance | -1.8% | Global | Medium term (2-4 years) |
Elevated production cost & scale-up complexity | -1.5% | Emerging markets | Long term (≥ 4 years) |
LNP excipient supply bottlenecks & patent thickets | -1.2% | North America, Europe | Short term (≤ 2 years) |
Vaccine-hesitancy & misinformation headwinds | -0.9% | Global | Medium term (2-4 years) |
Source: Mordor Intelligence
Cold-chain & stringent regulatory compliance
- Deep-freeze distribution still demands −20 °C to −80 °C storage for many formulations, stressing logistics in equatorial climates. Japanese developers are testing thermostable excipients that hold potency for 14 days at 8 °C, yet commercial rollout remains nascent. On the regulatory front, the FDA’s updated CMC guidance mandates granular reporting on process analytics and critical-quality attributes, extending dossier preparation timelines. While the agency’s Platform Designation label offers accelerated reviews, only a handful of applicants have secured it to date, limiting near-term relief [3]Matthew O’Brien Laramy, "Chemistry, manufacturing and controls strategies for using novel excipients in lipid nanoparticles," Nature Nanotechnology, nature.com.
Elevated production cost & scale-up complexity
Cap-intensive facilities and bespoke raw materials keep cost of goods above USD 2 per dose for newer constructs, compared with sub-USD 1 for traditional vaccines. Continuous manufacturing can trim unit cost by 32%, but the upfront automation expense deters mid-tier entrants. Emerging-market plants also grapple with talent shortages in analytical development, prompting reliance on costly expatriate expertise.
Segment Analysis
By mRNA Construct Type: Next-Generation Platforms Drive Innovation
The mRNA vaccines and therapeutics market size for construct types remains dominated by conventional non-replicating formats. This lineage retained 65.65% share in 2024 because existing facilities, regulatory precedents, and validated analytical assays minimize scale-up friction. Demand continues in RSV and influenza boosters, preserving baseline revenue even as competitive pressure mounts. Self-amplifying mRNA is accelerating at 17.45% CAGR between 2025 and 2030 owing to its lower dose requirement and improved antigen persistence, which collectively lower per-patient treatment cost. Japan’s approval of ARCT-154 created a regulatory template that other jurisdictions are now studying, reducing the perceived development risk for startups.
Second-generation circular RNA is gathering momentum despite limited commercial exposure. Sail Biomedicines synthesized 8,000-nucleotide constructs at bench scale, demonstrating technical feasibility for large therapeutic payloads. Industry observers expect circular modalities to supplant linear templates within a decade because they resist exonuclease degradation and therefore prolong protein expression windows. Parallel academic research at Nagoya University presents disease-cell-selective translation initiation, hinting at oncology applications with minimal off-target toxicity. Collectively, these innovations diversify the mRNA vaccines and therapeutics market and attract platform licensing deals from companies that lack internal RNA chemistry expertise.
Note: Segment shares of all individual segments available upon report purchase
By Therapeutic Area: Oncology Acceleration Reshapes Market Dynamics
Infectious diseases remained the primary revenue pillar, securing 50.45% of 2024 turnover as COVID-19 boosters, RSV shots, and pediatric combination vaccines filled public-sector procurement pipelines. Beyond respiratory viruses, norovirus and cytomegalovirus programs are progressing toward late-stage trials, reinforcing the volume outlook. Yet oncology is registering the fastest expansion at 17.56% CAGR, catalyzed by the milestone 49% reduction in melanoma recurrence achieved by mRNA-4157 plus pembrolizumab. FDA Breakthrough Therapy Designation for that regimen accelerated trial enrollment in lung and bladder cancers, broadening addressable patient pools.
The oncology wave is also geo-diversifying. Likang Life Sciences received FDA IND clearance for a personalized neoantigen vaccine manufactured at one-tenth the cost of comparable Western protocols. Chinese hospitals are piloting these regimens under private payment models, signaling payer flexibility when efficacy endpoints are compelling. Autoimmune research is following a similar trajectory; Cartesian Therapeutics’ Descartes-08 reached Phase 3 in myasthenia gravis, and OSE Immunotherapeutics is advancing IL-35 tolerizing constructs for autoimmune hepatitis. Each success story builds confidence that the mRNA vaccines and therapeutics market can sustain growth outside its infectious-disease origins.
By Delivery System: Advanced Targeting Technologies Emerge
Lipid nanoparticles commanded 68.34% share in 2024 because existing approval dossiers and established raw-material supply chains simplify regulatory filings. Formulation scientists are optimizing ionizable lipid pKa values to bias distribution toward lymph-node resident dendritic cells, thereby enhancing vaccine potency. Blood-brain barrier-penetrating LNPs have achieved 12-fold higher central nervous system transfection compared with first-generation materials, opening neurology indications. Viral vectors, despite historical safety concerns, now exhibit 17.23% CAGR through engineered capsids that evade preexisting immunity and deliver mRNA cargo efficiently to solid tumors.
Concurrently, polymeric nanoparticles and “naked” mRNA delivered via needle-free jet devices are gaining research traction for chronic indications. Early data reveal comparable antigen expression with reduced systemic reactogenicity, an attribute valuable for repeat dosing schedules envisioned in oncology maintenance therapies. Continuous-flow microfluidics is further standardizing particle size and encapsulation efficiency at scale, lowering batch-failure risk. These advances sustain competitive differentiation, ensuring sustained capital inflows into delivery technologies within the broader mRNA vaccines and therapeutics market.

Note: Segment shares of all individual segments available upon report purchase
By Distribution Channel: Private Sector Growth Accelerates
Public channels captured 69.91% of 2024 revenue because national immunization programs bulk-procure pandemic stockpiles and seasonal boosters. The United States’ Vaccines for Children program now covers mRNA influenza shots, further entrenching public volume dominance. However, the private segment is projected to grow at 17.65% CAGR as personalized cancer vaccines and rare-disease therapeutics require specialist infusion centers outside public infrastructure. Oncology networks such as Memorial Sloan Kettering are integrating point-of-care sequencing with rapid mRNA synthesis to deliver individualized vaccines within six weeks of tumor biopsy, a workflow that aligns poorly with public tender cycles.
Asia-Pacific private insurers are beginning to reimburse mRNA vaccines against endemic diseases like dengue, particularly in Singapore and Malaysia where out-of-pocket expenditure is high. Meanwhile, Chinese private clinics market personalized neoantigen cocktails at pricing that undercuts Western equivalents by 99%, reshaping competitive pricing benchmarks. These developments suggest that the mRNA vaccines and therapeutics market will see channel diversification that mirrors the precision-medicine shift evident in other biologics segments.
Geography Analysis
North America held 42.34% of global revenue in 2024, anchored by robust federal funding, dense contract-manufacturing networks, and a regulatory environment that first validated mRNA technology. BARDA’s influenza contract and Blackstone’s multibillion-dollar R&D support underscore institutional confidence, while OpenAI collaborations hint at accelerated in-silico antigen design timelines. Ongoing investment in modular plants across Texas and Massachusetts keeps capacity flexible for both pandemic surges and therapeutic rollouts, sustaining the regional leadership position.
Asia-Pacific is expected to register a 17.89% CAGR from 2025 to 2030, the fastest across all regions. Regulatory agility is a key driver; Japan approved the first self-amplifying mRNA vaccine, and Singapore has issued guidance that treats circular RNA as an incremental modification rather than a brand-new modality, shortening review cycles. Governments are also funding domestic supply chains—Australia’s RNA Blueprint forecasts an AUD 8 billion GDP contribution, and South Korea’s GC Biopharma is co-developing autoimmune candidates with Immetas. Cost-innovation dynamics are particularly acute in China, where localized manufacturing is delivering individualized cancer vaccines at prices 99% below Western benchmarks, effectively expanding patient access and challenging incumbent pricing strategies across the mRNA vaccines and therapeutics market.
Europe maintains steady mid-teens growth, supported by strategic industrial policy. BioNTech committed GBP 1 billion for two UK R&D hubs specializing in genomics and regenerative medicine, a project subsidized by GBP 129 million in government grants. CEPI’s USD 145 million facility in Rwanda, although located in Africa, employs European process technology and quality-management protocols, extending the continent’s influence. Meanwhile, Latin America is leveraging PAHO’s capacity-building program, which equips plants in Argentina and Brazil with modular cleanrooms and knowledge transfer packages provided by Canadian funding. These initiatives collectively diffuse manufacturing know-how and reduce single-region supply dependence, boosting resilience across the mRNA vaccines and therapeutics market.

Competitive Landscape
Dominance by Moderna and Pfizer/BioNTech persists, yet recent PTAB invalidations of key Moderna claims have eroded patent fortifications, inviting fresh competition. GSK’s entry into litigation through Novartis-originated patents signals incumbent ambition to capture share. Market strategies have shifted from single-asset development to platform monetization, exemplified by Moderna’s plan to launch ten products by 2027 across respiratory, oncology, and rare-disease segments. Merck’s co-development deal on mRNA-4157 affirms the value of combination immuno-oncology approaches.
Emerging players are filling technology gaps. Exsilio Biotech focuses on bespoke genetic-medicine payloads using proprietary circular mRNA backbones. Sail Biomedicines and Radar Therapeutics are engineering structure-based design algorithms that marry AI with high-throughput screening to shorten construct iteration cycles. Outsourcing specialists such as Vernal Biosciences offer GMP-grade plasmid and mRNA cartridges, easing entry barriers for virtual biotech firms and academic spinouts. Delivery-system differentiation is another battleground; companies developing blood-brain barrier-crossing LNPs or synthetic ssRNA+ virus vectors gain privileged access to central nervous system or solid-tumor indications not readily achievable with first-generation particles.
Cost leadership is emerging as a decisive competitive variable, especially in oncology where treatment courses can exceed USD 100,000 in Western markets. Chinese manufacturers achieve 99% cost reductions by integrating continuous manufacturing with local raw-material sourcing, compelling incumbents to revisit their pricing models. Continuous manufacturing and AI-driven optimization therefore play dual roles—improving margins for established players and offering disruptive entry points for new challengers—reshaping the medium-term trajectory of the mRNA vaccines and therapeutics market.
MRNA Vaccines And Therapeutics Industry Leaders
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Pfizer Inc.
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Moderna, Inc.
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BioNTech SE
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GlaxoSmithKline
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Daiichi Sankyo
- *Disclaimer: Major Players sorted in no particular order

Recent Industry Developments
- June 2025: Moderna receives FDA approval for RSV vaccine mRESVIA in adults aged 18-59 at increased risk, expanding the product’s indicated demographic.
- May 2025: BioNTech announces GBP 1 billion UK investment over ten years, backed by a GBP 129 million government grant, to establish two R&D centers in Cambridge and London focusing on genomics, oncology, and regenerative medicine.
- May 2025: Moderna secures FDA approval for next-generation COVID-19 vaccine mNEXSPIKE, reinforcing pandemic-preparedness inventories.
- October 2024: Merck and Moderna initiate a Phase 3 trial of mRNA-4157 in non-small-cell lung cancer, broadening personalized cancer-vaccine applications.
Global MRNA Vaccines And Therapeutics Market Report Scope
As per the scope of the report, mRNA vaccines and therapeutics enable the combination of the desirable immunological properties. These are prepared in laboratories using mammalian cells and are injected into the body of the target to trigger virus-detecting immune sensors and produce viral antigen proteins within the cells. This enhances the body's immune system by improving B- and T-cell responses.
The mRNA vaccines and therapeutics market is segmented by vaccine type (self-amplifying mRNA-based vaccines and conventional non-amplifying mRNA-based vaccines), application (cancer, infectious diseases, autoimmune diseases, and other applications), treatment type (monoclonal antibody, gene therapy, cell therapy, and other treatment types), end user (research laboratories and organizations, hospitals and clinics, and other end users), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.
By mRNA Construct Type | Conventional non-replicating mRNA | ||
Self-amplifying mRNA | |||
Circular mRNA | |||
Others | |||
By Therapeutic Area | Infectious Diseases | ||
Oncology | |||
Autoimmune Disorders | |||
Others | |||
By Delivery System | Lipid Nanoparticles (LNP) | ||
Polymer-based Nanocarriers | |||
Cationic Nano-emulsions | |||
Viral Vectors | |||
Others | |||
By Distribution Channel | Public | ||
Private | |||
By Geography | North America | United States | |
Canada | |||
Mexico | |||
Europe | Germany | ||
United Kingdom | |||
France | |||
Italy | |||
Spain | |||
Rest of Europe | |||
Asia-Pacific | China | ||
Japan | |||
India | |||
Australia | |||
South Korea | |||
Rest of Asia-Pacific | |||
Middle East and Africa | GCC | ||
South Africa | |||
Rest of Middle East and Africa | |||
South America | Brazil | ||
Argentina | |||
Rest of South America |
Conventional non-replicating mRNA |
Self-amplifying mRNA |
Circular mRNA |
Others |
Infectious Diseases |
Oncology |
Autoimmune Disorders |
Others |
Lipid Nanoparticles (LNP) |
Polymer-based Nanocarriers |
Cationic Nano-emulsions |
Viral Vectors |
Others |
Public |
Private |
North America | United States |
Canada | |
Mexico | |
Europe | Germany |
United Kingdom | |
France | |
Italy | |
Spain | |
Rest of Europe | |
Asia-Pacific | China |
Japan | |
India | |
Australia | |
South Korea | |
Rest of Asia-Pacific | |
Middle East and Africa | GCC |
South Africa | |
Rest of Middle East and Africa | |
South America | Brazil |
Argentina | |
Rest of South America |
Key Questions Answered in the Report
What is the current value of the mRNA vaccines and therapeutics market?
The mRNA vaccines and therapeutics market size reached USD 63.89 billion in 2025 and is forecast to grow to USD 138.88 billion by 2030.
Which construct type is growing fastest?
Self-amplifying mRNA leads growth with a projected 17.45% CAGR through 2030, thanks to its lower dose requirement and robust immune response profile.
Why is oncology attracting so much attention in mRNA pipelines?
Breakthrough results such as the 49% reduction in melanoma recurrence from mRNA-4157 plus pembrolizumab have validated the modality, lifting oncology to a 17.56% CAGR.
How are manufacturing innovations influencing market expansion?
Modular closed-system and continuous-flow plants cut validation timelines and reduce batch costs, enabling more countries to build local production and supporting global market growth.
Which region will grow fastest over the next five years?
Asia-Pacific is expected to expand at a 17.89% CAGR owing to supportive regulation, state funding, and cost-efficient manufacturing models.
What are the main barriers facing new entrants?
The most significant hurdles are cold-chain logistics, complex regulatory compliance, and ongoing lipid-nanoparticle patent disputes that can delay freedom-to-operate decisions.
Page last updated on: July 1, 2025