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Market Introduction
With the rising incidence of genetic and chronic illnesses, growing regulatory approvals, growing CDMO manufacturing infrastructure, and encouraging government initiatives, the APAC nucleic acid therapeutics CDMO market is expected to grow significantly in the next years. With the increasing demand for nucleic acid therapeutics, CDMOs will be essential in enabling patients all around the world to access these cutting-edge treatments.Market Segmentation:
Segmentation 1: by Chemical Synthesis Method
- Solid-Phase Oligonucleotide Synthesis
- Liquid-Phase Oligonucleotide Synthesis
Segmentation 2: by Country
- China
- Japan
- India
- Australia
- Rest-of-Asia-Pacific
Demand - Drivers and Limitations
The following are the drivers for the Asia-Pacific nucleic acid therapeutics CDMO market:
- Increasing Presence of Established Players in the Region
- Funding Support and Investments from the Government
- Low Cost of Manufacturing
The market is expected to face some limitations as well due to the following challenges:
- Lack of Expertise in Developing Nucleic Acid Therapeutics
How can this report add value to an organization?
Product/Innovation Strategy: The nucleic acid therapeutics CDMO market has been extensively segmented based on various categories, such as product, chemical synthesis method, disease type, technology, and end users. This can help readers get a clear overview of which segments account for the largest share and which ones are well-positioned to grow in the coming years.Competitive Strategy: Key players in the Asia-Pacific nucleic acid therapeutics CDMO market analysed and profiled in the study involve established players that offer various kinds of nucleic acid therapeutics CDMO products.
The Asia-Pacific nucleic acid therapeutics CDMO market has witnessed several investments for the expansion of CDMO manufacturing units by the market players. The expansion is aimed at increasing the manufacturing capacity. To meet the growing demand for their services, CDMOs are expanding their manufacturing units and investing in new technologies. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analysing company coverage, product portfolio, and market penetration.Some of the prominent names established in this market are:
- Asymchem Inc.
- BioCina
- CMIC HOLDINGS Co., Ltd.
- Kaneka Corporation
- Nippon Shkubai Co., Ltd
- Nitto Group
- ST Pharm
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Table of Contents
Executive Summary
The Asia-Pacific nucleic acid therapeutics CDMO market is estimated to reach $4.04 billion by 2033, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 13.92% during the forecast period 2023-2033.The Asia-Pacific Nucleic Acid Therapeutics CDMO Market: Driver and Challenges
The Asia-Pacific nucleic acid therapeutics CDMO market is projected to experience growth in the near future due to several factors, including increased healthcare awareness and increased emphasis on research, and improved diagnostic methods. Additionally, the development of new and innovative oligo libraries tailored to specific diseases is expected to facilitate therapeutic and diagnostic research in the region by enabling researchers to leverage DNA and RNA information.The high cost of synthesized oligonucleotides, as well as a shortage of skilled professionals, are expected to restrain the growth of the nucleic acid therapeutics CDMO market.
USPs of report
- Factors considered while outsourcing to CDMO.
- Visual graphics of key companies
- Nucleic acid therapeutics CDMO active players
- Significant usage of nucleic acid in therapeutics
Analyst’s Perspective on Asia-Pacific Nucleic Acid Therapeutics CDMO Market
The Principal Analyst states, 'The ability of pharmaceutical corporations to outsource more discoveries has recently increased due to a desire among them to improve development and manufacturing. The CDMOs provide a broad range of services, including the production of APIs and pharmaceutical goods, including final packaging, product development, and characterization.'.Key Questions Answered in the Report
- What are the major market drivers, challenges, and opportunities in the Asia-Pacific nucleic acid therapeutics CDMO market?
- What are the key development strategies implemented by the key players to stand out in this nucleic acid therapeutics CDMO market?
- What is the market segmentation by chemical synthesis method?
Companies Mentioned
- Asymchem Inc.
- BioCina
- CMIC HOLDINGS Co., Ltd.
- Kaneka Corporation
- Nippon Shkubai Co., Ltd
- Nitto Group
- ST Pharm
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 101 |
Published | November 2023 |
Forecast Period | 2023 - 2033 |
Estimated Market Value ( USD | $ 1.1 Billion |
Forecasted Market Value ( USD | $ 4.04 Billion |
Compound Annual Growth Rate | 13.9% |
Regions Covered | Asia Pacific |
No. of Companies Mentioned | 7 |