The global mRNA Cancer Vaccines and Therapeutics Market has been on a steady rise, with a value of USD 136.84 million in 2019, and is projected to reach USD 943.99 million by 2027, growing at a CAGR of 24.4% through the forecast period. mRNA vaccines and therapies are used for the prevention and treatment of serious health conditions such as cancer, infectious diseases like AIDS, and respiratory diseases. The rise in the prevalence of cancer, genetic disorders, and an increase in awareness about vaccination are key factors driving the growth of the global mRNA cancer vaccines and therapeutics market.

Recent breakthroughs in cancer immunotherapy have demonstrated that personalized cancer vaccines can be created, which encode for peptides containing mutations found in a patient's cancer.

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These neoepitopes can help the immune system recognize cancer cells as foreign and destroy them. Key industry players are working to create individualized, mRNA-based personalized cancer vaccines to deliver one custom-tailored medicine for one patient at a time. They can identify mutations found on a patient's cancer cells, called neoepitopes, and create a vaccine that encodes for each of these mutations and loads them onto a single mRNA molecule.

The global mRNA cancer vaccines and therapeutics market can be classified into different indications such as Adeno Carcinomas, Mucinous Carcinomas, Adenosquamous Carcinomas, and others. Hospitals & clinics, ambulatory surgical centers, research institutes, and others are the various end-users of the market. The hospitals & clinics segment is expected to account for a major share of the global mRNA cancer vaccines and therapeutics market by 2027, owing to an increase in the number of patients with respiratory diseases, cancer, and infectious diseases.

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North America is projected to dominate the global mRNA cancer vaccines and therapeutics market during the forecast period. The rise in demand for mRNA cancer vaccines and therapeutics, the presence of prominent players operating in the U.S., and an exponential rise in the number of cancer cases due to shifting lifestyles in the U.S. are anticipated to drive the mRNA cancer vaccines and therapeutics market in North America.

The global mRNA cancer vaccines and therapeutics market is highly fragmented, with a large number of domestic players accounting for major market share. Key players operating in the global mRNA cancer vaccines and therapeutics market include Moderna Therapeutics, eTheRNA, BioNTech, CureVac, In-Cell-Art, Translate Bio, Tiba Biotechnology, Argos Therapeutics, Sangamo Therapeutics, and Ethris.

In conclusion, the global mRNA cancer vaccines and therapeutics market is on a steady rise, driven by the rise in the prevalence of cancer, genetic disorders, and an increase in awareness about vaccination. Key industry players are working towards creating personalized cancer vaccines that encode for peptides containing mutations found in a patient's cancer. The hospitals & clinics segment is expected to account for a major share of the global mRNA cancer vaccines and therapeutics market by 2027. North America is projected to dominate the global market during the forecast period.

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