Latin America Mrna Therapeutics Contract Development & Manufacturing Market Size & Outlook
Latin America mrna therapeutics contract development & manufacturing market, 2021-2030 (US$M)
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Latin America mrna therapeutics contract development & manufacturing market highlights
- The Latin America mrna therapeutics contract development & manufacturing market generated a revenue of USD 255.0 million in 2023.
- The market is expected to grow at a CAGR of 9.6% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 255.0 million |
| Market revenue in 2030 | USD 484.8 million |
| Growth rate | 9.6% (CAGR from 2023 to 2030) |
| Largest segment | Infectious diseases |
| Fastest growing segment | Infectious Diseases |
| Historical data covered | 2021 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 6.2% of the global mrna therapeutics contract development & manufacturing 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 3,228.0 million by 2030.
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MRNA Therapeutics Contract Development & Manufacturing Market Scope
MRNA Therapeutics Contract Development & Manufacturing Market Companies
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Latin America 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 Latin America mrna therapeutics contract development & manufacturing market based on infectious diseases covering the revenue growth of each sub-segment from 2021 to 2030.
Latin America holds a significant share in the global mRNA therapeutics contract development & manufacturing organization (CDMO) market. The growing mRNA therapeutics field in the region is creating a breakthrough in human health influenced by the need to combat a wide range of incurable diseases.
In addition, the support received from government bodies to carry out various mRNA therapeutics-related training for executing various clinical trials is impelling growth of the market in the region. For instance, in March 2022, as per the Pan American Health Organization, Latin America vaccine manufacturers, mostly from Brazil and Argentina, have become one of the first to receive technology transfer training in mRNA vaccines, as part of a Pan American Health Organization (PAHO) platform to advance the availability of key medical health technologies in the region.
In addition, the rising demand for CDMOs, growing investments in R&D, and increasing support for new innovations are expected to drive growth of the Latin America mRNA therapeutics contract development & manufacturing organization (CDMO) market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America mrna therapeutics contract development & manufacturing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America mrna therapeutics contract development & manufacturing market from 2021 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America mrna therapeutics contract development & manufacturing market size, by country, 2021-2030 (US$M)
Latin America MRNA Therapeutics Contract Development & Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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