Global Bioanalytical Testing Services Market Size & Outlook
Global bioanalytical testing services market, 2018-2030 (US$M)
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Global bioanalytical testing services market highlights
- The global bioanalytical testing services market generated a revenue of USD 4,330.7 million in 2023 and is expected to reach USD 7,934.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9% by 2030.
- In terms of segment, small molecule accounted for a revenue of USD 2,406.5 million in 2023.
- Large Molecule is the most lucrative molecule segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 4,330.7 million |
| Market revenue in 2030 | USD 7,934.5 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Small molecule |
| Fastest growing segment | Large Molecule |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Small Molecule, Large Molecule |
Other key industry trends
- In terms of revenue, the North America accounted for 46.3% of the global bioanalytical testing services market in 2023.
- By country, the Kuwait is projected to lead the global market in terms of revenue in 2030.
- By country, Kuwait is the fastest growing regional market and is projected to reach USD 6,092.2 million by 2030.
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Bioanalytical Testing Services Market Scope
Bioanalytical Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global bioanalytical testing services 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 bioanalytical testing services market will help companies and investors design strategic landscapes.
Small molecule was the largest segment with a revenue share of 55.57% in 2023. Horizon Databook has segmented the Global bioanalytical testing services market based on small molecule, large molecule covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Bioanalytical Testing Services Molecule Outlook (Revenue, USD Million, 2018-2030)
- Small Molecule
- Large Molecule
- LC-MS Studies
- Immunoassays
- PK
- ADA
- Other
- Other Large Molecule Tests
- Global Bioanalytical Testing Services Test Outlook (Revenue, USD Million, 2018-2030)
- ADME
- In-vivo
- In-vitro
- Pharmacokinetics (PK)
- Pharmacodynamics (PD)
- Bioavailability
- Bioequivalance
- Other Tests
- ADME
- Global Bioanalytical Testing Services Workflow Outlook (Revenue, USD Million, 2018-2030)
- Sample Preparation
- Protein Precipitation
- Liquid-Liquid Extraction
- Solid Phase Extraction
- Sample Analysis
- Hyphenated technique
- Chromatographic technique
- Electrophoresis
- Ligand Binding Assay
- Mass Spectrometry
- Nuclear Magnetic Resonance
- Other Processes
- Sample Preparation
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Target buyers of Global bioanalytical testing services market databook
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Our clientele includes a mix of bioanalytical testing services 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 global-level data and insights on the Global bioanalytical testing services market , including forecasts for subscribers. This global databook contains high-level insights into Global bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global bioanalytical testing services market size, by regions, 2018-2030 (US$M)
Top 10 countries: Bioanalytical testing services market size, 2023 (US$M)
Global bioanalytical testing services market share, by molecule, 2023 & 2030 (%, US$M)
Bioanalytical testing services market: Opportunity assessment by country
Global bioanalytical testing services market, by region, 2023 (US$M)
| Molecule | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,329.1 | 1,433.6 | 1,594.2 | 1,722.7 | 1,879.4 | 2,066.6 | 2,257.2 | 2,464.2 | 2,688.4 | 2,931.5 | 3,196.8 | 3,486.8 | 3,804.4 | 9.1% |
| Europe | 809.6 | 874.9 | 974.7 | 1,055.3 | 1,149.2 | 1,261.3 | 1,375.1 | 1,498.5 | 1,631.8 | 1,776.1 | 1,933.2 | 2,104.7 | 2,292.2 | 8.9% |
| Asia Pacific | 413.5 | 447.8 | 500.0 | 542.4 | 595.2 | 658.3 | 723.2 | 794.2 | 871.5 | 955.9 | 1,048.5 | 1,150.3 | 1,262.5 | 9.8% |
| Latin America | 118.5 | 126.1 | 138.5 | 147.8 | 159.4 | 173.4 | 187.2 | 202.2 | 218.1 | 235.2 | 253.6 | 273.6 | 295.2 | 7.9% |
| MEA | 133.8 | 143.6 | 158.9 | 170.8 | 185.0 | 201.9 | 218.9 | 237.1 | 256.5 | 277.3 | 299.7 | 323.9 | 350.0 | 8.2% |
| Overall | 2,804.4 | 3,026.0 | 3,366.2 | 3,638.9 | 3,968.1 | 4,361.6 | 4,761.6 | 5,196.1 | 5,666.2 | 6,176.1 | 6,731.9 | 7,339.3 | 8,004.2 | 9.1% |
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