Brazil Bioanalytical Testing Services Market Size & Outlook
Brazil bioanalytical testing services market, 2018-2030 (US$M)
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Brazil bioanalytical testing services market highlights
- The Brazil bioanalytical testing services market generated a revenue of USD 66.1 million in 2023 and is expected to reach USD 118.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8.7% 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.
Bioanalytical testing services market data book summary
| Market revenue in 2023 | USD 66.1 million |
| Market revenue in 2030 | USD 118.5 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | Small molecule |
| Fastest growing segment | Large Molecule |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Small Molecule, Large Molecule |
| Key market players worldwide | Thermo 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, Brazil accounted for 1.5% of the global bioanalytical testing services market in 2023.
- Country-wise, Kuwait is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil bioanalytical testing services market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 118.5 million by 2030.
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Bioanalytical Testing Services Market Scope
Bioanalytical Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 54.01% in 2023. Horizon Databook has segmented the Brazil bioanalytical testing services market based on small molecule, large molecule covering the revenue growth of each sub-segment from 2018 to 2030.
The robust growth & development in biologics and the growing pharmaceutical market are expected to encourage bioanalytical testing services. Increasing demand for generic drugs in the country exhibits higher possibilities for bioanalytical testing services.
The rising competition for drug development and approval is anticipated to increase the demand for bioanalytical testing services. According to the data published by International Trade Administration in March 2022, the sale of drugs in Brazil accounted for USD 16.37 billion in revenue in 2022.
In addition, membership of Brazil in the International Council for Harmonization of Technical Requirements for Pharmaceuticals for Human Use (ICH) has resulted in the implementation of more regulatory policies regarding the release of drug products.
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Target buyers of Brazil 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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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil bioanalytical testing services market , including forecasts for subscribers. This country databook contains high-level insights into Brazil bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Brazil bioanalytical testing services market size, by molecule, 2018-2030 (US$M)
Brazil Bioanalytical Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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