RNA Based Therapeutics And Vaccines Market Is Projected To Register At A Healthy CAGR 6.9% During The Forecast Period 2019 to 2026
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.
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.
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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.
- 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.
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.
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