mRNA CDMO Services Market Size Analysis, Growing Trends 2024

According to Precision Business Insights (PBI), the latest report, the market value of the mRNA CDMO Services Market size was valued at USD 3,876.4 million in 2023, growing at a 7.5% CAGR from 2024 to 2030. The primary factors that drive the market are the growing prevalence of chronic diseases, rising extensive demand of pharmaceutical products, and increasing CDMO outsourcing for clinical trials and pharmaceutical production.

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The mRNA CDMO Services Market Detailed Segmentation:
Based on the application, the market is segmented into the following:
• Therapeutic Development
• Vaccine Production
• Drug Discovery
• Others

Based on the end user, the market is segmented into the following:
• Biopharmaceuticals Companies
• Contract Research Organizations
• Others

Vaccine Production and Clinical Studies Regulate mRNA CDMO Services Market:
Based on application, vaccine production, and clinical trial studies become the major applications in CDMO and it shares a major market share. Contract Development and Manufacturing Organizations (CDMO) become a fragmented market, resulting in a higher demand for pharmaceuticals market for rapid innovations to develop effective process solutions to enhance the drug development process, additionally, the rise in the incidence of genetic disorders increased the services market which is the major factor for the growth. Hence, this will drive the global market growth at a significant rate.

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Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Asia Pacific region is expected to grow significantly in the mRNA CDMO Services Market size over the forecast period. It is attributed to the increasing number of diseases that need a large range of generic drugs, high uptake of small molecule drugs across a wide range of diseases, patent expiration of various drugs and accelerated demand for active pharmaceutical ingredients (APIs) require standard CDMOs in the region. China, India, and Japan are growing at a significant rate, and increased research and development activities accelerate the market in the forecast years.

Strategic New Product Launches, Mergers, Acquisitions, And Agreements Are The Key Strategies Adopted By Market Players:
The mRNA CDMO Services Market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share.

Key players' profiles in the mRNA CDMO Services Market report are Eurofins Scientific, WuXi Biologics, Samsung Biologics, Catalent, Inc., Rentschler Biopharma SE, AGC Biologics, BioCina, Novasep, Recipharm AB, Siegfried Holding AG, Boehringer Ingelheim, and FUJIFILM Diosynth Biotechnologies

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This release was published on openPR.