Thailand Vaccine Contract Manufacturing Market Size & Outlook
Thailand vaccine contract manufacturing market, 2018-2030 (US$M)
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Thailand vaccine contract manufacturing market highlights
- The Thailand vaccine contract manufacturing market generated a revenue of USD 72.4 million in 2023 and is expected to reach USD 103.2 million by 2030.
- The Thailand market is expected to grow at a CAGR of 5.2% 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 72.4 million |
| Market revenue in 2030 | USD 103.2 million |
| Growth rate | 5.2% (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, Thailand accounted for 1.7% 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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Thailand 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 30.39% in 2023. Horizon Databook has segmented the Thailand 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.
Thailand is one of the fastest-growing economies globally and the second-largest among Southeast Asian countries. The country offers low-cost manufacturing activities, witnessing a steady increase in vaccine contract manufacturing services. Some of the leading companies in the Thailand vaccine contract manufacturing market are Lonza AG and Thermo Fisher Scientific, Inc.
Thailand has been focusing on improving its healthcare infrastructure and promoting high-quality drug production, attracting international pharmaceutical companies to partner with local manufacturers for vaccine contract manufacturing.
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Target buyers of Thailand 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 Thailand vaccine contract manufacturing market , including forecasts for subscribers. This country databook contains high-level insights into Thailand vaccine contract manufacturing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand vaccine contract manufacturing market size, by vaccine type, 2018-2030 (US$M)
Thailand Vaccine Contract Manufacturing Market Outlook Share, 2023 & 2030 (US$M)
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