China Bioanalytical Testing Services Market Size & Outlook
China bioanalytical testing services market, 2018-2030 (US$M)
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China bioanalytical testing services market highlights
- The China bioanalytical testing services market generated a revenue of USD 186.2 million in 2023 and is expected to reach USD 358.2 million by 2030.
- The China market is expected to grow at a CAGR of 9.8% 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 186.2 million |
| Market revenue in 2030 | USD 358.2 million |
| Growth rate | 9.8% (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, China accounted for 4.3% 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 Asia Pacific, China bioanalytical testing services market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 132.4 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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China 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 57.68% in 2023. Horizon Databook has segmented the China bioanalytical testing services market based on small molecule, large molecule covering the revenue growth of each sub-segment from 2018 to 2030.
China has become an attractive destination for outsourcing clinical trials due to its large population, diverse patient demographics, and cost-effectiveness. As a result, both domestic and international pharmaceutical companies outsource their clinical trials to CROs in China, driving the demand for bioanalytical testing services.
In November 2023, Resoling successfully acquired Denali Med pharma, a prominent bioanalytical CRO based in China. With this acquisition, Resoling has expanded its bioanalysis laboratory operations to include the U.S., the UK, Australia, and China facilities.
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Target buyers of China 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 China bioanalytical testing services market , including forecasts for subscribers. This country databook contains high-level insights into China bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China bioanalytical testing services market size, by molecule, 2018-2030 (US$M)
China Bioanalytical Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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