China Mrna Therapeutics Contract Development & Manufacturing Market Size & Outlook
China mrna therapeutics contract development & manufacturing market, 2021-2030 (US$M)
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China mrna therapeutics contract development & manufacturing market highlights
- The China mrna therapeutics contract development & manufacturing market generated a revenue of USD 233.3 million in 2023 and is expected to reach USD 479.2 million by 2030.
- The China market is expected to grow at a CAGR of 10.8% 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 233.3 million |
| Market revenue in 2030 | USD 479.2 million |
| Growth rate | 10.8% (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, China accounted for 5.6% 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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China 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 China mrna therapeutics contract development & manufacturing market based on infectious diseases covering the revenue growth of each sub-segment from 2021 to 2030.
Many biopharmaceutical companies, both within China and internationally, are increasingly turning to CDMOs for mRNA drug development and manufacturing services. Outsourcing allows these companies to leverage specialized expertise and state-of-the-art facilities without the need for substantial in-house investments.
State-of-the-art facilities equipped with cutting-edge technology have been established to meet the growing demand. For instance, in July 2023, Moderna signed an agreement with China to develop mRNA medicines for Chinese-use-only with an investment of USD 1 billion.
Similarly, in August 2023, AstraZeneca collaborated with CanSino Biologics, Inc. in China, wherein CanSino Biologics will use its mRNA manufacturing platform to support the research & development of certain vaccines for AstraZeneca.
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Our clientele includes a mix of mrna therapeutics contract development & manufacturing 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 China mrna therapeutics contract development & manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into China mrna therapeutics contract development & manufacturing market from 2021 to 2030, including revenue numbers, major trends, and company profiles.
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China mrna therapeutics contract development & manufacturing market size, by indication, 2021-2030 (US$M)
China MRNA Therapeutics Contract Development & Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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