Market revenue in 2023 | USD 134.2 million |
Market revenue in 2030 | USD 312.8 million |
Growth rate | 12.9% (CAGR from 2023 to 2030) |
Largest segment | Interferons |
Fastest growing segment | Growth Hormones |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Growth Hormones, Interferons, Vaccines, Immunostimulating Agents |
Key market players worldwide | Lonza Group Ltd, Catalent Inc, FUJIFILM Holdings Corp, WuXi Biologics (Cayman) Inc, Batavia Biosciences, Richter-Helm, Curia, HALIX, Biovian, Enzene Biosciences |
Interferons was the largest segment with a revenue share of 21.46% in 2023. Horizon Databook has segmented the UAE recombinant protein therapeutics cdmo market based on growth hormones, interferons, vaccines, immunostimulating agents covering the revenue growth of each sub-segment from 2018 to 2030.
The UAE government is continuously involved in activities to support healthcare development in the region. The renewal of drug development policies, entry of new players, and investment of foreign pharmaceutical companies & CDMOs offer lucrative growth opportunities to the recombinant protein therapeutics CDMO services market.
In addition, the government’s spending on healthcare infrastructure and supportive government policies for foreign manufacturers are anticipated to boost the market over the forecast period. Moreover, the market is fueled by domestic players who expand their geographical presence through various strategies.
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