India Vaccine Contract Manufacturing Market Size & Outlook
India vaccine contract manufacturing market, 2018-2030 (US$M)
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India vaccine contract manufacturing market highlights
- The India vaccine contract manufacturing market generated a revenue of USD 336.8 million in 2023 and is expected to reach USD 598.6 million by 2030.
- The India market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, attenuated vaccine was the largest revenue generating vaccine type in 2023.
- DNA Vaccines is the most lucrative vaccine type segment registering the fastest growth during the forecast period.
Vaccine contract manufacturing market data book summary
| Market revenue in 2023 | USD 336.8 million |
| Market revenue in 2030 | USD 598.6 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Attenuated vaccine |
| Fastest growing segment | DNA Vaccines |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Attenuated Vaccine, Inactivated Vaccine, Subunit Vaccines, Toxoid Vaccines, DNA Vaccines |
| Key market players worldwide | Lonza Group Ltd, FUJIFILM Holdings Corp, Merck KGaA, Catalent Inc, Icon PLC, Syngene, Curia, Ajinomoto Co Inc, IDT Biologika |
Other key industry trends
- In terms of revenue, India accounted for 8.0% of the global vaccine contract manufacturing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, India vaccine contract 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 598.6 million by 2030.
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Vaccine Contract Manufacturing Market Scope
Vaccine Contract Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
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India vaccine contract 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 vaccine contract manufacturing market will help companies and investors design strategic landscapes.
Attenuated vaccine was the largest segment with a revenue share of 29.63% in 2023. Horizon Databook has segmented the India vaccine contract manufacturing market based on attenuated vaccine, inactivated vaccine, subunit vaccines, toxoid vaccines, dna vaccines covering the revenue growth of each sub-segment from 2018 to 2030.
India is emerging as one of the lucrative markets for vaccine contract manufacturing globally. This can be attributed to low costs, the availability of industry experts, and the presence of WHO-cGMP-compliant facilities.
Furthermore, some of the key players in India's vaccine contract manufacturing services are Charles River Laboratories International, Inc. and Catalent, Inc. Local players include Dr. Reddy's Laboratories, Cadila Healthcare Limited, and Cipla Ltd. Several CMOs & CROs operating in India have expanded their facilities to meet the growing demand for vaccine CMOs.
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Target buyers of India vaccine contract manufacturing market databook
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Our clientele includes a mix of vaccine contract manufacturing market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India vaccine contract manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into India vaccine contract manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
India vaccine contract manufacturing market size, by vaccine type, 2018-2030 (US$M)
India Vaccine Contract Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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