Canada Mrna Synthesis Raw Materials Market Size & Outlook
Canada mrna synthesis raw materials market, 2018-2030 (US$M)
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Canada mrna synthesis raw materials market highlights
- The Canada mrna synthesis raw materials market generated a revenue of USD 172.8 million in 2023 and is expected to reach USD 233.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, capping agents was the largest revenue generating type in 2023.
- Capping Agents is the most lucrative type segment registering the fastest growth during the forecast period.
Mrna synthesis raw materials market data book summary
| Market revenue in 2023 | USD 172.8 million |
| Market revenue in 2030 | USD 233.7 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Capping agents |
| Fastest growing segment | Capping Agents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Capping Agents, Nucleotides, Plasmid DNA, Enzymes |
| Key market players worldwide | Roche Holding AG, Merck KGaA, Thermo Fisher Scientific Inc, Maravai LifeSciences Holdings Inc Ordinary Shares - Class A, New England Biolabs, Creative-Biolabs, Jena Bioscience, YEASEN Biotechnology, BOC Sciences, Hongene Biotechnology |
Other key industry trends
- In terms of revenue, Canada accounted for 6.0% of the global mrna synthesis raw materials market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. mrna synthesis raw materials market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 233.7 million by 2030.
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MRNA Synthesis Raw Materials Market Scope
MRNA Synthesis Raw Materials Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada mrna synthesis raw materials 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 mrna synthesis raw materials market will help companies and investors design strategic landscapes.
Capping agents was the largest segment with a revenue share of 40.45% in 2023. Horizon Databook has segmented the Canada mrna synthesis raw materials market based on capping agents, nucleotides, plasmid dna, enzymes covering the revenue growth of each sub-segment from 2018 to 2030.
The Canada mRNA synthesis raw materials market is expected to register significant growth over the forecast period due to ongoing manufacturing facility expansions by key players in the market.
For instance, in August 2021, Canada government and Moderna, Inc. entered into a strategic collaboration to build mRNA vaccine manufacturing facility in Canada to provide access to Moderna’s vaccines in development for respiratory virus.
In addition, presence of local players such as Providence Therapeutics that offers personalized mRNA vaccines to treat chronic diseases, including cancer, is expected to aid revenue generation in the region.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada mrna synthesis raw materials market , including forecasts for subscribers. This country databook contains high-level insights into Canada mrna synthesis raw materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada mrna synthesis raw materials market size, by type, 2018-2030 (US$M)
Canada MRNA Synthesis Raw Materials Market Outlook Share, 2023 & 2030 (US$M)
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