India Mrna Therapeutics Market Size & Outlook, 2024-2030
- Biotechnology
- RNA analysis
- MRNA Therapeutics Market Outlook
- RNA analysis
Global Market
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India mrna therapeutics market highlights
- The India mrna therapeutics market generated a revenue of USD 296.2 million in 2023 and is expected to reach USD 1,017.2 million by 2030.
- The India market is expected to grow at a CAGR of 19.3% from 2024 to 2030.
- In terms of segment, infectious diseases was the largest revenue generating application in 2023.
- Infectious Diseases is the most lucrative application segment registering the fastest growth during the forecast period.
Mrna therapeutics market data book summary
| Market revenue in 2023 | USD 296.2 million |
| Market revenue in 2030 | USD 1,017.2 million |
| Growth rate | 19.3% (CAGR from 2023 to 2030) |
| Largest segment | Infectious diseases |
| Fastest growing segment | Infectious Diseases |
| Historical data | 2021 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Infectious Diseases |
| Key market players worldwide | Moderna Inc, BioNTech SE ADR, CureVac NV Ordinary Shares, Arcturus Therapeutics Holdings Inc, Sanofi SA, GSK PLC, Pfizer Inc, AstraZeneca PLC, Argos Therapeutics, ETHRIS |
Other key industry trends
- In terms of revenue, India accounted for 2.5% of the global mrna therapeutics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan mrna therapeutics 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 1,786.3 million by 2030.
The market for mRNA synthesis raw materials is in the nascent stage in India, and most of the raw materials are imported from other nations. With the rising healthcare spending and investments in the country, many raw material manufacturers are shifting to India, contributing to the market's growing demand.
Hence, several companies are entering into partnerships and collaborations in the region to gain a competitive advantage. For instance, in March 2021, Sapigen Biologix, Biovet, and Bharat Biotech International entered into a joint Master Collaborative Agreement with the Council of Scientific & Industrial Research- Indian Institute of Chemical Technology (CSIR-IICT).
The partnership would work on development of novel platform technologies for vaccines and biotherapeutics to support affordable, indigenous healthcare solutions for animals & humans. Moreover, platforms such as mRNA are considered owing to their growing demand due to the pandemic.
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MRNA Therapeutics Market Scope
MRNA Therapeutics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Pfizer Inc | View profile | 88,000 | 66 Hudson Boulevard East, New York, NY, United States, 10001-2192 | www.pfizer.com |
| Sanofi SA | View profile | 87,994 | 46, avenue de la Grande Armée, Paris, France, 75017 | www.sanofi.com |
| GSK PLC | View profile | 70,200 | 980 Great West Road, Brentford, Middlesex, United Kingdom, TW8 9GS | www.gsk.com |
| AstraZeneca PLC | View profile | 89,900 | 1 Francis Crick Avenue, Cambridge Biomedical Campus, Cambridge, United Kingdom, CB2 0AA | www.astrazeneca.com |
| BioNTech SE ADR | View profile | 6,133 | An der Goldgrube 12, Mainz, RP, Germany, D-55131 | www.biontech.de |
| Moderna Inc | View profile | 5,600 | 200 Technology Square, Cambridge, MA, United States, 02139 | www.modernatx.com |
| CureVac NV Ordinary Shares | View profile | 1,100 | Friedrich-Miescher-Strasse 15, Tubingen, BW, Germany, 72076 | www.curevac.com |
| Arcturus Therapeutics Holdings Inc | View profile | 180 | 10628 Science Center Drive, Suite 250, San Diego, CA, United States, 92121 | www.arcturusrx.com |
| Argos Therapeutics | View profile | 101-250 | Durham, North Carolina, United States, North America | www.argostherapeutics.com |
| ETHRIS | View profile | 101-250 | Planegg, Bayern, Germany, Europe | ethris.com/ |
India MRNA Therapeutics 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 MRNA Therapeutics Market Outlook will help companies and investors design strategic landscapes.
Infectious Diseases was the largest segment with a revenue share of 100.0% in 2023.
Horizon Databook has segmented the India mrna therapeutics market based on infectious diseases covering the revenue growth of each sub-segment from 2021 to 2030.
The market for mRNA synthesis raw materials is in the nascent stage in India, and most of the raw materials are imported from other nations. With the rising healthcare spending and investments in the country, many raw material manufacturers are shifting to India, contributing to the market's growing demand.
Hence, several companies are entering into partnerships and collaborations in the region to gain a competitive advantage. For instance, in March 2021, Sapigen Biologix, Biovet, and Bharat Biotech International entered into a joint Master Collaborative Agreement with the Council of Scientific & Industrial Research- Indian Institute of Chemical Technology (CSIR-IICT).
The partnership would work on development of novel platform technologies for vaccines and biotherapeutics to support affordable, indigenous healthcare solutions for animals & humans. Moreover, platforms such as mRNA are considered owing to their growing demand due to the pandemic.
- India Mrna Therapeutics Market Application Outlook (Revenue, USD Million , 2021-2030)
- Infectious Diseases
- Oncology
- Rare Genetic Diseases
- Respiratory Diseases
- Others
- India Mrna Therapeutics Market Type Outlook (Revenue, USD Million , 2021-2030)
- Prophylactic
- Therapeutic
- India Mrna Therapeutics Market End Use Outlook (Revenue, USD Million , 2021-2030)
- Hospitals & Clinics
- Research Organizations
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the India MRNA Therapeutics Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India MRNA Therapeutics Market Outlook from 2021 to 2030, including revenue numbers, major trends, and company profiles.
India Mrna Therapeutics Market, 2021-2030 (US$M)
India mrna therapeutics market statistics, by application, 2021-2030 (US$M)
