PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1280607
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1280607
What`s New for 2023?
»Special coverage on Russia-Ukraine war; global inflation; easing of "zero-Covid" policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
»Global competitiveness and key competitor percentage market shares
» Market presence across multiple geographies - Strong/Active/Niche/Trivial
»Online interactive peer-to-peer collaborative bespoke updates
»Access to our digital archives and MarketGlass Research Platform
»Complimentary updates for one year
Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Global mRNA Platform Market to Reach $120.1 Billion by 2030
In the changed post COVID-19 business landscape, the global market for mRNA Platform estimated at US$136.2 billion in the year 2022, is projected to decline to US$120.1 Billion by 2030, exhibiting a compounded average rate of decline of -1.6% over the analysis period 2022-2030. Covid-19 Vaccine, one of the segments analyzed in the report, will witness the steepest decline of -4.2% to reach US$96.5 Billion by the end of the analysis period. The decline is led by the waning pandemic, lower disease severity and reduced reliance on vaccines. The Cancer Vaccine segment, on the other hand, will continue to witness robust growth and reach US$18.3 billion over the next 8-year period.
The U.S. Market is Estimated at $61.6 Billion, While China is Forecast to Grow at 0.9% CAGR
The mRNA Platform market in the U.S. is estimated at US$61.6 Billion in the year 2022 and will continue to decline at a rate of -1.8% over the analysis period. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.7 Billion by the year 2030 trailing a CAGR of 0.9% over the analysis period 2022 to 2030. Rest of Asia-Pacific (excluding China) will remain the only other regional market to witness a positive growth of 0.5% over the analysis period to reach a projected market value of US$8.9 billion by 2030. Canada and Japan will each decline at -3.3% and -2.8% respectively over the 2022-2030 period.
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