Latin America Mrna Synthesis Raw Materials Market Size & Outlook
Latin America mrna synthesis raw materials market, 2018-2030 (US$M)
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Latin America mrna synthesis raw materials market highlights
- The Latin America mrna synthesis raw materials market generated a revenue of USD 179.7 million in 2023.
- The market is expected to grow at a CAGR of 1.4% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 179.7 million |
| Market revenue in 2030 | USD 198.1 million |
| Growth rate | 1.4% (CAGR from 2023 to 2030) |
| Largest segment | Capping agents |
| Fastest growing segment | Capping Agents |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 6.3% of the global mrna synthesis raw materials market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 1,209.9 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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Latin America 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 34.45% in 2023. Horizon Databook has segmented the Latin America 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 rising prevalence of influenza and COVID-19 in the country pushed vaccine manufacturers to investigate potential candidates for managing the condition including the mRNA vaccine. Hence, many global companies in the country are collaborating with the local manufacturers such as Eurofarma Laboratórios SA for mRNA vaccine manufacturing in the country.
This is expected to boost the demand for the raw materials required for the mRNA synthesis in the country. For instance, in August 2021, BioNTech SE and Pfizer, Inc. signed letter of intent with a biopharmaceutical company in Brazil, Eurofarma Laboratórios SA, for the manufacture and distribution of mRNA vaccine, COMIRNATY within Latin America.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America mrna synthesis raw materials market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America mrna synthesis raw materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America mrna synthesis raw materials market size, by country, 2018-2030 (US$M)
Latin America MRNA Synthesis Raw Materials Market Outlook Share, 2023 & 2030 (US$M)
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