South Korea Mrna Therapeutics Contract Development & Manufacturing Market Size & Outlook
South Korea mrna therapeutics contract development & manufacturing market, 2021-2030 (US$M)
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South Korea mrna therapeutics contract development & manufacturing market highlights
- The South Korea mrna therapeutics contract development & manufacturing market generated a revenue of USD 96.3 million in 2023 and is expected to reach USD 163.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 7.8% 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 96.3 million |
| Market revenue in 2030 | USD 163.1 million |
| Growth rate | 7.8% (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, South Korea accounted for 2.3% 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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South Korea 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 South Korea mrna therapeutics contract development & manufacturing market based on infectious diseases covering the revenue growth of each sub-segment from 2021 to 2030.
South Korean CDMOs and pharmaceutical companies have formed strategic partnerships with global leaders in the mRNA field. These partnerships often involve technology transfer and collaboration agreements, which accelerate the development and production of mRNA-based therapeutics.
This has enhanced the country’s mRNA manufacturing capabilities and reputation. CDMOs have made significant investments in state-of-the-art manufacturing facilities equipped for mRNA production. These facilities adhere to international quality standards and can cater to both domestic and global markets.
For example, in May 2021, Samsung Biologics—a leading company in the South Korean mRNA therapeutics contract development and manufacturing market—partnered with Moderna to provide large-scale, commercial fill-finish manufacturing for the latter’s mRNA-1273 COVID-19 vaccine.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea mrna therapeutics contract development & manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into South Korea mrna therapeutics contract development & manufacturing market from 2021 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea mrna therapeutics contract development & manufacturing market size, by indication, 2021-2030 (US$M)
South Korea MRNA Therapeutics Contract Development & Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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