Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 181.36 Million | USD 17.85 Million | 20.9% | 2022 |
FrequentlyAsked Questions
CRM197 is a non-toxic diphtheria toxin mutant that is used as a protein carrier for haptens and polysaccharides to make them immunogenic. Reportedly, the product is considered to be an ideal protein carrier and finds a slew of applications in approved conjugate vaccines that are used against encapsulated bacteria. Moreover, it is being assessed as a potential medicine-delivery fusion protein. In addition to this, CRM197 can also be utilized for preventing cancers having poor prognoses. It can be used in vaccines to make an individual immune to diseases such as pneumococcus, Haemophilus influenzae, and meningococcal meningitis.
The global CRM197 market growth is owing to a rise in spending by private firms and government on research & development activities as well as distribution.
According to a study, the global CRM197 industry size was $181.36 million in 2022 and is projected to reach $248.19 million by the end of 2030.
The global CRM197 market is anticipated to record a CAGR of nearly 5.81% from 2023 to 2030.
The Asia-Pacific CRM197 industry is set to register the highest CAGR over the forecasting timeline owing to a rise in the demand for vaccines for chronic ailments in children in densely populated countries & emerging economies such as India and China. Apart from this, key players in the biotech sector are setting up their vaccine manufacturing units in these countries and this will pave the way for the expansion of the industry in the region.
The global CRM197 market is led by players such as Xpress Biologics, Pfizer Inc., Fina Biosolutions, LLC, Eubiologics, EirGenix Inc., Scarab Genomics, Beijing Kexing Biology Product, Ligand Pharmaceuticals, and CanSino Biologic.
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