Australia Mrna Therapeutics Contract Development & Manufacturing Market Size & Outlook
Australia mrna therapeutics contract development & manufacturing market, 2021-2030 (US$M)
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Australia mrna therapeutics contract development & manufacturing market highlights
- The Australia mrna therapeutics contract development & manufacturing market generated a revenue of USD 103.4 million in 2023 and is expected to reach USD 192.8 million by 2030.
- The Australia market is expected to grow at a CAGR of 9.3% from 2024 to 2030.
- In terms of segment, infectious diseases was the largest revenue generating indication in 2023.
- Infectious Diseases is the most lucrative indication segment registering the fastest growth during the forecast period.
Mrna therapeutics contract development & manufacturing market data book summary
| Market revenue in 2023 | USD 103.4 million |
| Market revenue in 2030 | USD 192.8 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Infectious diseases |
| Fastest growing segment | Infectious Diseases |
| Historical data | 2021 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Infectious Diseases |
| Key market players worldwide | Danaher Corp, Kaneka Corp, TriLink BioTechnologies, Apex Biotechnology, BioNTech SE ADR, Lonza Group Ltd, Nunn’s Home Medical Equipment, EQT Corp, Catalent Inc, Samsung Electronics Co Ltd, Biomay AG, Indication, eTheRNA immunotherapies, BioCina |
Other key industry trends
- In terms of revenue, Australia accounted for 2.5% of the global mrna therapeutics contract development & manufacturing 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 therapeutics contract development & manufacturing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 257.1 million by 2030.
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MRNA Therapeutics Contract Development & Manufacturing Market Scope
MRNA Therapeutics Contract Development & Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia mrna therapeutics contract development & manufacturing 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 therapeutics contract development & manufacturing market will help companies and investors design strategic landscapes.
Infectious diseases was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Australia mrna therapeutics contract development & manufacturing market based on infectious diseases covering the revenue growth of each sub-segment from 2021 to 2030.
The Australian government has been actively supporting the biotechnology and pharmaceutical industry, which includes mRNA research and development. Grants and funding programs have been established to encourage local companies to invest in biopharmaceutical R&D.
Moreover, Australian universities and research institutions have been actively engaged in mRNA research. Collaborations between academia and industry are projected to lead to innovative breakthroughs and attract investment in the development of mRNA therapies.
In April 2023, BioCina—a key CDMO—received funds of AUD 10 million from the Australian government’s National Health and Medical Research Council (NHMRC) and co-funded by the Government of South Australia. This is expected to help the company develop enabling technologies for the manufacturing of precision mRNA vaccines.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia mrna therapeutics contract development & manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into Australia mrna therapeutics contract development & manufacturing market from 2021 to 2030, including revenue numbers, major trends, and company profiles.
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Australia mrna therapeutics contract development & manufacturing market size, by indication, 2021-2030 (US$M)
Australia MRNA Therapeutics Contract Development & Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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