Asia Pacific Bioanalytical Testing Services Market Size & Outlook

The bioanalytical testing services market in Asia Pacific is expected to reach a projected revenue of US$ 1,262.5 million by 2030. A compound annual growth rate of 9.7% is expected of Asia Pacific bioanalytical testing services market from 2024 to 2030.
Revenue, 2023 (US$M)
$658.3
Forecast, 2030 (US$M)
$1,262.5
CAGR, 2024 - 2030
9.7%
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Asia Pacific

Asia Pacific bioanalytical testing services market, 2018-2030 (US$M)

Asia

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Asia Pacific bioanalytical testing services market highlights

  • The Asia Pacific bioanalytical testing services market generated a revenue of USD 653.7 million in 2023.
  • The market is expected to grow at a CAGR of 9.7% from 2024 to 2030.
  • In terms of segment, small molecule was the largest revenue generating molecule in 2023.
  • Large Molecule is the most lucrative molecule segment registering the fastest growth during the forecast period.
  • Country-wise, Australia is expected to register the highest CAGR from 2024 to 2030.


Asia Pacific data book summary

Market revenue in 2023USD 653.7 million
Market revenue in 2030USD 1,251.5 million
Growth rate9.7% (CAGR from 2023 to 2030)
Largest segmentSmall molecule
Fastest growing segmentLarge Molecule
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSmall Molecule, Large Molecule
Key market players worldwideThermo Fisher Scientific Inc, Icon PLC, Charles River Laboratories International Inc, Labcorp Holdings Inc, IQVIA Holdings Inc, Syneos Health, SGS AG, Intertek Group PLC, Pace Analytical Services


Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 15.1% of the global bioanalytical testing services market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 1,251.5 million by 2030.

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Bioanalytical Testing Services Market Companies

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Asia Pacific 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 57.3% in 2023. Horizon Databook has segmented the Asia Pacific bioanalytical testing services market based on small molecule, large molecule covering the revenue growth of each sub-segment from 2018 to 2030.


Asia Pacific is likely to be the fastest-growing region in the global bioanalytical testing services market over the forecast period, owing to increasing pharmaceutical & biotechnology activities, rising healthcare expenditure, increasing investments by companies.

Furthermore, key companies are establishing new facilities and forming alliances to increase the reach of their offerings to various locations in the region.

For instance, in July 2023, Lab corp announced the opening of a new kit production facility and the completed expansion of its immunology & immunotoxicology lab in China as part of its global growth and investment strategy.

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Target buyers of Asia Pacific bioanalytical testing services market databook

  • Our clientele includes a mix of bioanalytical testing services market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific bioanalytical testing services market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Asia Pacific bioanalytical testing services market size, by country, 2018-2030 (US$M)

Asia Pacific Bioanalytical Testing Services Market Outlook Share, 2023 & 2030 (US$M)

Asia Pacific bioanalytical testing services market size, by country, 2018-2030 (US$M)

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