South Africa Mrna Synthesis Raw Materials Market Size & Outlook
South Africa mrna synthesis raw materials market, 2018-2030 (US$M)
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South Africa mrna synthesis raw materials market highlights
- The South Africa mrna synthesis raw materials market generated a revenue of USD 41.8 million in 2023 and is expected to reach USD 44.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 0.8% 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 41.8 million |
| Market revenue in 2030 | USD 44.1 million |
| Growth rate | 0.8% (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, South Africa accounted for 1.5% 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 Middle East & Africa, South Africa mrna synthesis raw materials market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 19.6 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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South Africa 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 40.91% in 2023. Horizon Databook has segmented the South Africa 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.
Many multinational companies, such as F. Hoffmann-La Roche Ltd, are planning to focus on the South African market by forming joint ventures with local companies, such as Whitehead Scientific, for the raw materials required for the mRNA synthesis in the country.
Hence, several short-scale companies are setting up the lab-scale mRNA vaccine manufacturing facilities to cater the growing demand for the vaccines. For instance, in January 2022, Afrigen Biologics, a biotechnology company based in Cape Town produced mRNA based lab-scale batch of COVID-19 vaccine and fulfilling the commitment of WHO for the establishment of an mRNA Technology Transfer Hub in South Africa.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa mrna synthesis raw materials market , including forecasts for subscribers. This country databook contains high-level insights into South Africa mrna synthesis raw materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa mrna synthesis raw materials market size, by type, 2018-2030 (US$M)
South Africa MRNA Synthesis Raw Materials Market Outlook Share, 2023 & 2030 (US$M)
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