India Mrna Therapeutics Contract Development & Manufacturing Market Size & Outlook

The mrna therapeutics contract development & manufacturing market in India is expected to reach a projected revenue of US$ 257.1 million by 2030. A compound annual growth rate of 11.3% is expected of India mrna therapeutics contract development & manufacturing market from 2024 to 2030.
Revenue, 2023 (US$M)
$121.3
Forecast, 2030 (US$M)
$257.1
CAGR, 2024 - 2030
11.3%
Report Coverage
India

India mrna therapeutics contract development & manufacturing market, 2021-2030 (US$M)

India

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India mrna therapeutics contract development & manufacturing market highlights

  • The India mrna therapeutics contract development & manufacturing market generated a revenue of USD 121.3 million in 2023 and is expected to reach USD 257.1 million by 2030.
  • The India market is expected to grow at a CAGR of 11.3% 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 2023USD 121.3 million
Market revenue in 2030USD 257.1 million
Growth rate11.3% (CAGR from 2023 to 2030)
Largest segmentInfectious diseases
Fastest growing segmentInfectious Diseases
Historical data2021 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationInfectious Diseases
Key market players worldwideDanaher 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, India accounted for 2.9% 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 segmentation & scope

MRNA Therapeutics Contract Development & Manufacturing Market Companies

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India 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 India mrna therapeutics contract development & manufacturing market based on infectious diseases covering the revenue growth of each sub-segment from 2021 to 2030.


India’s biotechnology sector is witnessing rapid growth, with increasing investments in R&D and capacity/facility expansion, among others. The country also has a large pool of skilled scientists, researchers, and professionals in biotechnology & pharmaceuticals.

This skilled workforce is appealing to companies looking for outsourcing partners. Furthermore, India’s cost structure and relatively lower labor costs compared to Western countries make it an attractive destination for outsourcing mRNA development and manufacturing. This cost advantage is especially significant for startups and small- to medium-sized biotech firms.

For instance, in October 2022, Yapan Bio— an Indian CDMO—inaugurated a new process development facility in Hyderabad, India, thus expanding its capabilities in end-to-end development and manufacturing of RNA, DNA, and gene therapy products.

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Horizon Databook provides a detailed overview of country-level data and insights on the India mrna therapeutics contract development & manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into India mrna therapeutics contract development & manufacturing market from 2021 to 2030, including revenue numbers, major trends, and company profiles.

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India mrna therapeutics contract development & manufacturing market size, by indication, 2021-2030 (US$M)

India MRNA Therapeutics Contract Development & Manufacturing Market Outlook Share, 2023 & 2030 (US$M)

India mrna therapeutics contract development & manufacturing market size, by indication, 2021-2030 (US$M)

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