Asia Pacific Covid-19 Vaccine Development Tools Market Size & Outlook
Asia Pacific covid-19 vaccine development tools market, 2020-2028 (US$M)
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Asia Pacific covid-19 vaccine development tools market highlights
- The Asia Pacific covid-19 vaccine development tools market generated a revenue of USD 6,345.0 million in 2020.
- The market is expected to grow at a CAGR of 8.1% from 2021 to 2028.
- In terms of segment, laboratory technologies was the largest revenue generating technologies in 2020.
- Online Technologies is the most lucrative technologies segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2021 to 2028.
Asia Pacific data book summary
| Market revenue in 2020 | USD 6,345.0 million |
| Market revenue in 2028 | USD 11,799.9 million |
| Growth rate | 8.1% (CAGR from 2020 to 2028) |
| Largest segment | Laboratory technologies |
| Fastest growing segment | Online Technologies |
| Historical data covered | 2020 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Laboratory Technologies, Online Technologies |
| Key market players worldwide | Thermo Fisher Scientific Inc, Pfizer Inc, Sartorius AG, Stemcell Holdings Inc Ordinary Shares, Illumina Inc, Agilent Technologies Inc, Bio-Rad Laboratories Inc, Danaher Corp, Merck KGaA, Qiagen NV, Shimadzu Corp, Eurofins Scientific SE, Charles River Laboratories International Inc, Takara Bio Inc, Olympus Corp, Avantor Inc, Aurora Innovation Inc Class A, Standard BioTools Inc, Celerion, Cole-Parmer, Hartford Schroders International Stk I, Revvity Inc, Fluidigm Corporation, Polyplus-transfection, Hamilton Lane Inc Class A |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 39.6% of the global covid-19 vaccine development tools market in 2020.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Europe is the fastest growing regional market and is projected to reach USD 8,675.5 million by 2028.
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COVID-19 Vaccine Development Tools Market Scope
COVID-19 Vaccine Development Tools Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific covid-19 vaccine development tools market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to covid-19 vaccine development tools market will help companies and investors design strategic landscapes.
Laboratory technologies was the largest segment with a revenue share of 95.53% in 2020. Horizon Databook has segmented the Asia Pacific covid-19 vaccine development tools market based on laboratory technologies, online technologies covering the revenue growth of each sub-segment from 2020 to 2028.
Asia Pacific was the largest revenue-generating market in 2021, and this trend is anticipated to continue during the forecast period.
Government intervention through fiscal and monetary policies to encourage domestic production & innovations, coupled with increased collaboration between companies & research institutions, has contributed to growth of COVID-19 vaccine development tools market. Moreover, collaborative initiatives, such as ACT-Accelerator and COVAX, are fueling market growth.
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Target buyers of Asia Pacific covid-19 vaccine development tools market databook
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Our clientele includes a mix of covid-19 vaccine development tools market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific covid-19 vaccine development tools market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific covid-19 vaccine development tools market from 2020 to 2028, including revenue numbers, major trends, and company profiles.
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Asia Pacific covid-19 vaccine development tools market size, by country, 2020-2028 (US$M)
Asia Pacific COVID-19 Vaccine Development Tools Market Outlook Share, 2020 & 2028 (US$M)
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