Latin America Vaccine Contract Manufacturing Market Size & Outlook
Latin America vaccine contract manufacturing market, 2018-2030 (US$M)
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Latin America vaccine contract manufacturing market highlights
- The Latin America vaccine contract manufacturing market generated a revenue of USD 142.8 million in 2023.
- The market is expected to grow at a CAGR of 6.3% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 142.8 million |
| Market revenue in 2030 | USD 219.2 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Attenuated vaccine |
| Fastest growing segment | DNA Vaccines |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 3.4% of the global vaccine contract manufacturing market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,981.3 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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Latin America 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 29.9% in 2023. Horizon Databook has segmented the Latin America 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.
Latin American countries are expected to offer lucrative growth opportunities in the vaccine contract manufacturing market. Lower costs of conducting clinical trials are expected to drive the vaccine CMOs in this region.
The presence of regulatory bodies, such as Agência Nacional de Vigilância Sanitária, Administración Nacional de Medicamentos, Alimentos Tecnología Médica, and Instituto Nacional de Vigilancia de Medicamentos e Alimentos, which grant GMP certifications to manufacturing facilities, are expected to play a crucial role in propelling the market over the forecast period.
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Target buyers of Latin America 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 continent-level data and insights on the Latin America vaccine contract manufacturing market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America vaccine contract manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America vaccine contract manufacturing market size, by country, 2018-2030 (US$M)
Latin America Vaccine Contract Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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