The mRNA Synthesis Service Market is Entering a New Phase of Innovation by Automation

mRNA Synthesis Service Market


 The m-RNA synthesis Service Market enables rapid development of advanced therapeutics through cost-effective manufacture of custom designed therapeutic mRNA. Messenger RNA (mRNA) based therapeutics require efficient synthesis of large volumes of chemically modified mRNA with high purity. The commercial mRNA synthesis services offer automated production platforms to simplify customer workflows and accelerate drug discovery programs. The global m-RNA synthesis service market is estimated to be valued at US$ 7417.27 Mn in 2024 and is expected to exhibit a CAGR of 6.7% over the forecast period between 2024 to 2030.


Key players operating in the m-RNA synthesis service market are Huzhou City Linghu Xinwang Chemical Co., Ltd., Rayonier Advanced Materials, DFE Pharma, Mingtai Chemical Co., Ltd, JRS Pharma, Asahi Kasei Corporation, Dupont, Avantor Inc., Sigachi Industries Pvt. Ltd, Foodchem International Corporation, Quadra Chemicals, Maple Biotech Pvt. Ltd., Anhui Sunhere Pharmaceutical Excipients Co., Ltd., Accent Microcell Pvt. Ltd., RanQ, and Chemfield Cellulose. The growing demand for personalized therapeutics and recent success of mRNA based COVID-19 vaccines have accelerated mRNA drug development activities globally. Further, strategic collaborations between mRNA synthesis players and biopharmaceutical companies are enabling global expansion of mRNA therapeutics pipeline.

Key Takeaways

Key players: Huzhou City Linghu Xinwang Chemical is a leading manufacturer of mRNA synthesis materials. Rayonier Advanced Materials provides cellulose-based excipients for mRNA encapsulation and delivery. Asahi Kasei Corporation's automated mRNA production platforms are widely used in mRNA vaccine development programs.

Growing demand: The success of mRNA-based COVID-19 vaccines and development of other novel mRNA therapeutics have boosted demand for customized mRNA synthesis globally. Several biotechnology companies are outsourcing commercial-scale mRNA manufacturing to specialty service providers.

Global expansion: Major mRNA synthesis companies are establishing manufacturing facilities worldwide to support large-scale clinical trials and commercial production. Strategic collaborations between multinational biopharma firms and local mRNA players are also enhancing global access to novel mRNA drugs.

Market key trends
A key trend in the Global mRNA Synthesis Service Market Demand is the growing adoption of fully automated flexible platforms for producing customized mRNA at an industrial scale. Automated modular systems allow rapid production of various mRNA payloads for R&D and clinical applications. They facilitate ‘plug-and-play’ composition of distinct synthesis, purification, and analytical equipment modules. This enables efficient manufacturing of diverse mRNA constructs on demand and accelerates drug development timelines.

Porter's Analysis

Threat of new entrants: The threat of new entrants is moderate as significant capital investment is required to start manufacturing mRNA and provide customized services for clients. The industry also requires advanced technical expertise and resources.

Bargaining power of buyers: The bargaining power of buyers is moderate to high as there are multiple players providing mRNA synthesis services. Buyers can negotiate on price and quality of services.

Bargaining power of suppliers: The bargaining power of suppliers is low as raw materials required for mRNA synthesis such as nucleotides and chemical reagents are cheaply and readily available.

Threat of new substitutes: There is low threat of substitutes as mRNA synthesis is unique and plays an important role in manufacturing mRNA used in vaccines, gene therapies and other applications.

Competitive rivalry: The industry sees high competitive rivalry due to presence of numerous small and large players providing similar services globally. Players compete on various factors like technology, cost, customization, and quality.

Geographically, North America region dominates the global m-RNA synthesis service market in terms of value. This is attributed to presence of major market players and rapid technological advancements in the region.

Asia Pacific region is expected to be the fastest growing market for m-RNA synthesis services during the forecast period owing to increase in R&D expenditure, growing biologics industry and presence of emerging economies like China and India providing opportunities.

For more insights, Read- m-RNA Synthesis Service Market

Comments

Post a Comment

Popular posts from this blog

The Notchback Market is Estimated To Witness High Growth Owing To Rising Demand From Emerging Economies

Image
  Notchback Market Market Overview: A notchback is a body style of cars characterized by a gently sloped rear window and greenhouse. Notchbacks provide practical interior space with good cargo capacity. They offer balanced interior volume for passengers and cargo along with sleek and stylish exterior design. The body style has advantages like no C-pillar which enhances visibility compared to sedans. Market key trends: The growth of the notchback market is attributed to rising demand from emerging economies like China, India and Brazil. These nations have growing middle-class population and increasing disposable income which is driving vehicle ownership. Moreover, notchback body style is quite popular in these developing markets due to its spacious cabin combined with stylish looks at affordable prices. Leading automakers are launching various notchback models to cater to the surging demand from developing countries, which is fueling the growth of the notchback market size during ...
Read more

The increasing demand for adhesives and sealants is anticipated to open up the new avenue for Petroleum Resins Market

Image
Petroleum Resins Market  Market Overview: Petroleum resins are amorphous thermoplastic polymers made from petroleum-based feedstock materials, through either thermal or catalytic polymerization. They are mainly used for applications such as adhesives, inks, paints, rubber compounding, and others. Different types of petroleum resins include C5 resins, C9 resins, hydrogenated hydrocarbons (HHCs), and modified and specialized petroleum resins. Among applications, adhesives and sealants hold the largest share in the petroleum resins market owing to increasing use of petroleum resins in hot melt and pressure sensitive adhesives. Market Dynamics: The increasing demand for adhesives from packaging and construction industries is a major driver for the petroleum resins market. According to statsista, the global adhesive market was valued at over US$ 53.3 billion in 2020 and is projected to reach around US$ 78 billion by 2027, growing at a CAGR of over 5.7% during the forecast period. Pe...
Read more

Global Synthetic Biology Market Analysis: Size and Share

Image
Synthetic Biology Market  Synthetic biology encompasses the design, construction, and redesigning of biological parts, devices, and systems, either non-existent in nature or reengineered from existing biological systems. The market is experiencing significant growth, driven by the increasing demand for personalized medicine and healthcare. Applications of synthetic biology span pharmaceuticals, chemical production, agriculture, environmental protection, and renewable energy. Advancements in synthetic biology contribute to the rapid manufacturing of biotherapeutics, fostering the development of personalized medicine and more cost-effective healthcare solutions. The Synthetic Biology Market is projected to be valued at US$ 31,693.59 million in 2023, with an expected CAGR of 28% during the forecast period from 2023 to 2030, according to a newly published report by Coherent Market Insights. Key Market Trends: A prominent trend in the Global Synthetic Biology Market is the escalat...
Read more