LONDON, March 29, 2023 /PRNewswire/ -- The Global
Synthetic mRNA Market for Cancer Treatment is expected to witness a
significant CAGR of 13.4% over the assessment timeline of
2022-2029.
Synthetic mRNA refers to an artificial genetic material
which is created using various chemical processes inside the
laboratory. It is equipped with the ability to imitate natural
mRNA which is usually produced by human cell. Synthetic
mRNA aids in the protein-making machinery by carrying genetic
information from DNA into an individual's cells. In cancer
treatment, synthetic mRNA can be used to stimulate the immune
system to attack cancer cells. This is done by creating a vaccine
using the patient's own cancer cells, which are then modified to
produce specific proteins called antigens. These antigens are then
used to make synthetic mRNA, which is injected into the patient's
body. The synthetic mRNA instructs the patient's immune system
to recognize and attack the cancer cells that produce these
antigens.
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Global Synthetic mRNA Market for Cancer Treatment Market
Outlook (2022-2029)
The growing prevalence of cancer, increased demand for
personalized therapeutics, and rising healthcare expenditure are
primarily augmenting the outlook of this business vertical.
Furthermore, rising R&D activities in the field, surge in
the elderly population base, along with prompt technological
advancements are creating lucrative opportunities for this industry
sphere to prosper.
Alongside, rapidly developing healthcare infrastructure across
numerous nations, growing cancer awareness, and increasing medical
expenditure are adding momentum to the progression of this
marketplace.
Moreover, favorable regulatory environment and expedited
approval processes for mRNA-based cancer treatments together with
the strong potential for synthetic mRNA to be used in combination
with other cancer treatments, such as immune checkpoint inhibitors
are aiding market expansion.
Additionally, growing investment and partnerships from public
and private sources are paving profitable development prospects for
the Global Synthetic mRNA Market for Cancer Treatment.
On the contrary, manufacturing complexities pertaining to
synthetic mRNA are hindering the remuneration scope of this
marketplace.
Competitive Hierarchy
The prominent players defining the competitive landscape of
Global Synthetic mRNA Market for Cancer Treatment are BioNTech SE,
Moderna Inc., CureVac AG, eTheRNA immunotherapies NV, Argos
Therapeutics Inc., Ethris GmbH, GenScript Biotech Corporation,
Kernal Biologics AG, TriLink BioTechnologies, and AstraZeneca
PLC.
Segmental Outlook
By Application:
- Mucinous Carcinomas
- Adeno Carcinomas
- Adenosquamous Carcinomas
By End User:
- Ambulatory Surgical Centers
- Hospitals & Clinics
- Research Institutes
- Others
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Region-Wise Outlook
Which is the top performing region
in the Global Synthetic mRNA Market for Cancer Treatment?
North America is one of the
most rapidly evolving regions in this industry owing to the rising
pervasiveness of cancer, growing awareness about the benefits of
synthetic mRNA, and presence of prime players.
Which is the leading region in
this business sphere?
Asia Pacific is reckoned to
lead the marketplace in terms of revenue share. This is ascribed to
the escalating demand for personalized cancer therapeutics, surge
in the geriatric population base, and technological advancements in
the field.
Category-Wise Insights
Which is the fastest growing end
user segment in this industry?
The research institutes segment has emerged as one of the
fastest growing end user segments in this market. Research
institutes typically have the resources and expertise to conduct
preclinical and clinical trials, which are necessary for the
development and approval of new therapies. Additionally, these
institutes often have collaborations with pharmaceutical companies
and other stakeholders in the healthcare industry, which can
facilitate the translation of research findings into clinical
practice.
Comparing the historical outlook and ongoing trends of this
market
This business sphere has been garnering significant momentum to
the progression of this industry due to the emergence of numerous
growth stimulants.
Widespread advancements in the mRNA technology is acting as one
of the prominent growth propellants for this market. The
development of more efficient mRNA delivery systems, such as lipid
nanoparticles, has made it possible to target cancer cells with
greater specificity and efficacy. Additionally, improvements in
manufacturing processes have allowed for the production of mRNA at
a larger scale and lower cost, making it more accessible to
patients.
There has been an escalating demand for personalized cancer
treatment across the globe. As cancer is a complex and
heterogeneous disease, there is a growing need for personalized
treatment options that can address the unique genetic and molecular
characteristics of individual tumors. Synthetic mRNA has the
potential to be customized to produce specific proteins or antigens
that can trigger an immune response against cancer cells, making it
an attractive option for personalized cancer therapies. These
factors together are stimulating the overall dynamics of this
industry sphere.
Apart from that, the synthetic mRNA market has attracted
significant investment from both public and private sources,
including venture capital firms, pharmaceutical companies, and
government agencies. This has led to a proliferation of
partnerships and collaborations aimed at developing new mRNA-based
cancer therapies and accelerating their commercialization.
On Special Requirement Synthetic mRNA Market for Cancer
Treatment Market Report is also available for below region:
North
America
Europe
- Germany, France, U.K., Italy, Spain,
Sweden, Netherland, Turkey, Switzerland, Belgium, Rest of Europe
Asia-Pacific
- South Korea, Japan, China,
India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC
Latin
America
- Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin
America
Middle
East and Africa
- Saudi Arabia, UAE,
Egypt, South Africa, Rest Of MEA
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Major Developments
In May 2021, Boehringer Ingelheim
acquired Northern Biologics, a biotechnology company developing
cancer immunotherapies based on synthetic mRNA. Northern Biologics'
lead program is a synthetic mRNA-based immuno-oncology treatment
for solid tumors, and the acquisition is expected to complement
Boehringer Ingelheim's existing oncology portfolio.
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