Canada Bioanalytical Testing Services Market Size & Outlook
Canada bioanalytical testing services market, 2018-2030 (US$M)
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Canada bioanalytical testing services market highlights
- The Canada bioanalytical testing services market generated a revenue of USD 206.1 million in 2023 and is expected to reach USD 328.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 6.9% 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 206.1 million |
| Market revenue in 2030 | USD 328.7 million |
| Growth rate | 6.9% (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, Canada accounted for 4.8% 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 North America, U.S. bioanalytical testing services market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 3,360.8 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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Canada 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 59.29% in 2023. Horizon Databook has segmented the Canada bioanalytical testing services market based on small molecule, large molecule covering the revenue growth of each sub-segment from 2018 to 2030.
The Government of Canada states that the country has one of the largest numbers of biotechnology companies globally. In addition, Health Canada, the regulatory body of Canada responsible for public health, supports and encourages investment in terms of clinical development & manufacturing of biopharmaceutical products.
Canada is swiftly emerging as a center for outsourcing firms that cater to the manufacturing and regulatory compliance requirements of pharmaceutical manufacturers, resulting in a notable uptick in outsourcing activities in the region. The country is considered a favorable location for bioanalytical testing services owing to the high potential for R&D activities.
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Target buyers of Canada 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 country-level data and insights on the Canada bioanalytical testing services market , including forecasts for subscribers. This country databook contains high-level insights into Canada bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Canada bioanalytical testing services market size, by molecule, 2018-2030 (US$M)
Canada Bioanalytical Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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