India Mrna Synthesis Raw Materials Market Size & Outlook
India mrna synthesis raw materials market, 2018-2030 (US$M)
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India mrna synthesis raw materials market highlights
- The India mrna synthesis raw materials market generated a revenue of USD 126.7 million in 2023 and is expected to reach USD 143.6 million by 2030.
- The India market is expected to grow at a CAGR of 1.8% 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 126.7 million |
| Market revenue in 2030 | USD 143.6 million |
| Growth rate | 1.8% (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, India accounted for 4.4% 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 Asia Pacific, Japan mrna synthesis raw materials market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 195.3 million by 2030.
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MRNA Synthesis Raw Materials Market Scope
MRNA Synthesis Raw Materials Market Companies
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India 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 39.07% in 2023. Horizon Databook has segmented the India 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 market for mRNA synthesis raw material is in the nascent stage in India and most of the raw materials are imported from other nations in the country. With the rising healthcare spending and investments in the country, many raw material manufacturers are shifting in India for which is contributing to the growing demand of the market.
The growing demand of mRNA vaccine owing to the COVID-19 pandemic, the market has significantly grown in the country. Hence, several companies are entering into partnerships and collaborations in the region to gain a competitive advantage over other companies.
For instance, in March 2021, Sapigen Biologix, Biovet, and Bharat Biotech International entered into joint Master Collaborative Agreement with the Council of Scientific & Industrial ResearchIndian Institute of Chemical Technology (CSIR-IICT).
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Our clientele includes a mix of mrna synthesis raw materials market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India mrna synthesis raw materials market , including forecasts for subscribers. This country databook contains high-level insights into India mrna synthesis raw materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India mrna synthesis raw materials market size, by type, 2018-2030 (US$M)
India MRNA Synthesis Raw Materials Market Outlook Share, 2023 & 2030 (US$M)
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