China Mrna Therapeutics Market Size & Outlook, 2023-2030
China mrna therapeutics market, 2021-2030 (US$M)
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China mrna therapeutics market highlights
- The China mrna therapeutics market generated a revenue of USD 513.1 million in 2023 and is expected to reach USD 1,786.3 million by 2030.
- The China market is expected to grow at a CAGR of 19.5% from 2024 to 2030.
- In terms of segment, infectious diseases was the largest revenue generating application in 2023.
- Infectious Diseases is the most lucrative application segment registering the fastest growth during the forecast period.
Mrna therapeutics market data book summary
| Market revenue in 2023 | USD 513.1 million |
| Market revenue in 2030 | USD 1,786.3 million |
| Growth rate | 19.5% (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 | Moderna Inc, BioNTech SE ADR, CureVac NV Ordinary Shares, Arcturus Therapeutics Holdings Inc, Sanofi SA, GSK PLC, Pfizer Inc, AstraZeneca PLC, Argos Therapeutics, ETHRIS |
Other key industry trends
- In terms of revenue, China accounted for 4.4% of the global mrna therapeutics 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 market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,786.3 million by 2030.
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MRNA Therapeutics Market Scope
MRNA Therapeutics Market Companies
| Name | Profile | # Employees | HQ | Website |
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China mrna therapeutics 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 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 market based on infectious diseases covering the revenue growth of each sub-segment from 2021 to 2030.
The China mRNA therapeutics market is driven by several initiatives undertaken by local companies to advance the mRNA synthesis landscape. Companies such as Hongene Biotech Corporation have large sequencing capacities. Companies operating in this space are collaborating with biotechnology, pharmaceutical, and diagnostic companies to innovate in the mRNA space.
The growing popularity of mRNA drugs and vaccines has created opportunities for raw material manufacturers to innovate and collaborate with these companies. In China, companies such as Blue Que Bio, Ceno Bio, Aibo Bio, Zhongmei Ruikang, Ruibo Bio, Sri Microbe, Shenxin Bio, Ribo Bio, Zhiyuan Messenger, and Gemma Gene are developing mRNA drugs or technologies.
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Horizon Databook provides a detailed overview of country-level data and insights on the China mrna therapeutics market , including forecasts for subscribers. This country databook contains high-level insights into China mrna therapeutics market from 2021 to 2030, including revenue numbers, major trends, and company profiles.
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China mrna therapeutics market size, by application, 2021-2030 (US$M)
China MRNA Therapeutics Market Outlook Share, 2023 & 2030 (US$M)
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