China Nucleic Acid Therapeutics Cdmo Market Size & Outlook
China nucleic acid therapeutics cdmo market, 2018-2030 (US$M)
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China nucleic acid therapeutics cdmo market highlights
- The China nucleic acid therapeutics cdmo market generated a revenue of USD 1,023.5 million in 2023 and is expected to reach USD 2,993.3 million by 2030.
- The China market is expected to grow at a CAGR of 16.6% from 2024 to 2030.
- In terms of segment, rna-based therapies was the largest revenue generating type in 2023.
- Gene Therapy is the most lucrative type segment registering the fastest growth during the forecast period.
Nucleic acid therapeutics cdmo market data book summary
| Market revenue in 2023 | USD 1,023.5 million |
| Market revenue in 2030 | USD 2,993.3 million |
| Growth rate | 16.6% (CAGR from 2023 to 2030) |
| Largest segment | Rna-based therapies |
| Fastest growing segment | Gene Therapy |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Gene Therapy, RNA-based Therapies |
| Key market players worldwide | Catalent Inc, Thermo Fisher Scientific Inc, Lonza Group Ltd, FUJIFILM Holdings Corp, Charles River Laboratories International Inc, Eurofins Scientific SE, PerkinElmer, Oxford Biomedical Research, Danaher Corp |
Other key industry trends
- In terms of revenue, China accounted for 7.6% of the global nucleic acid therapeutics cdmo market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China nucleic acid therapeutics cdmo 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 2,993.3 million by 2030.
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Nucleic Acid Therapeutics CDMO Market Scope
Nucleic Acid Therapeutics CDMO Market Companies
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China nucleic acid therapeutics cdmo 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 nucleic acid therapeutics cdmo market will help companies and investors design strategic landscapes.
Rna-based therapies was the largest segment with a revenue share of 65.7% in 2023. Horizon Databook has segmented the China nucleic acid therapeutics cdmo market based on gene therapy, rna-based therapies covering the revenue growth of each sub-segment from 2018 to 2030.
In recent years, China has been one of the biggest attractions for the nucleic acid therapeutics CDMO market owing to the increasing number of nucleic acid therapeutics approvals due to their potential to become blockbuster drugs for treating a range of diseases covering cardiovascular & metabolic diseases, liver diseases, and a variety of rare diseases.
Some of the other factors contributing to the market growth are rising investments, low operational costs, growing adoption of R&D standards, and robust demand for CDMO.
In addition, the country has witnessed growth in the demand for gene & RNA therapies in various disease studies. In addition, constant innovation for gene & RNA-based therapeutics in China is expected to contribute to the growth of nucleic acid therapeutics CDMO market in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the China nucleic acid therapeutics cdmo market , including forecasts for subscribers. This country databook contains high-level insights into China nucleic acid therapeutics cdmo market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China nucleic acid therapeutics cdmo market size, by type, 2018-2030 (US$M)
China Nucleic Acid Therapeutics CDMO Market Outlook Share, 2023 & 2030 (US$M)
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