RNA based Therapeutics and Vaccines Market - Development of COVID-19 Vaccines to Keep Growth Engine Chugging
The growing prevalence of infectious diseases and cancer across the globe is stated to bring extensive growth opportunities for the global RNA based therapeutics and vaccines market through the assessment period of 2019-2029. Promising technological developments are also aiding the market to capture a lion’s share. The absence of effective alternatives to RNA based therapeutics and vaccines further helps in boosting the growth rate greatly.
Strategic Partnerships between Companies Bringing Good Growth
Companies in the RNA based therapeutics and vaccines market always try to forge partnerships and collaborations that prove fruitful for expanding their consumer base. Furthermore, mergers and acquisitions also help the players in the RNA based therapeutics and vaccines market to strengthen their influence. Investments from government and non-government organizations further help in weaving a strong web of growth for the RNA based therapeutics and vaccines market.
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RNA interference (RNAi) plays a key role in gene silencing, hence in some promising target gene identification. These developments form the key pivot in the evolution and recent strides in the RNA based therapeutics and vaccines market. RNA based therapeutics form attractive part of applying RNA virus vectors and non-viral delivery for vaccine development.Nanoparticle-based delivery of RNA is one of the key development in the RNA based therapeutics and vaccines market.
RNA Based Therapeutics and Vaccines Market to Bank Largely on COVID-19 Vaccines
The world is witnessing tremendous devastation due to the novel coronavirus outbreak. The ideal method of reducing transmission is a safe and stable COVID-19 vaccine. The race for developing an effective COVID-19 vaccine is in full throttle. In this race, RNA based vaccines are playing an important role. These vaccines, if successful can transform the growth scenario across the RNA based therapeutics and vaccines market. Some of the recent developments related to RNA based COVID-19 vaccines are as follows:
- A novel RNA vaccine developed by Arcturus Therapeutics has shown positive outcomes as it guards mice against COVID-19
- Cartesian therapeutics has begun trials of RNA-based cell therapy for COVID-19
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A growing number of RNA therapeutics are in clinical and preclinical stage. Research in antisense technology and SMaRT technology is expanding the outlook of the market. In recent years, RNA-based drugs and vaccines show potential in cancer and numerous viral diseases.In recent months, the mounting morbidity and mortality of the novel coronavirus has spurred researchers to test mRNA-based vaccine candidates. In this regard, messenger RNA (mRNA)-based vaccine technology has shown profound potential, thus expanding the opportunities in the market. These have been highlighted in GlobalData’s Coronavirus Disease 2019. World over, mRNA-based vaccine candidates are extensively used in the expansion of the RNA based therapeutics and vaccines market.
North America holds a promising share in the RNA based therapeutics and vaccines market. The regional market is see high revenue potential on the back of extensive research done in order to commercialize the therapeutics. Asia Pacific has been a promisingly lucrative market. The growth has been fueled by initiatives taken by governments to boost therapeutics and vaccine for viral diseases.
Such developments show promising growth for the RNA based therapeutics and vaccines market. Some well-established participants in the RNA based therapeutics and vaccines market are Sylentis S.A., Arbutus Biopharma Corp., Miragen Therapeutics, Inc., Regulus Therapeutics Inc., Arrowhead Pharmaceuticals, Inc., Quark Pharmaceuticals, Inc., Alnylam Pharmaceuticals, Inc., and Moderna Therapeutics Inc.
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