Colombia Bioanalytical Testing Services Market Size & Outlook
Colombia bioanalytical testing services market, 2018-2030 (US$M)
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Colombia bioanalytical testing services market highlights
- The Colombia bioanalytical testing services market generated a revenue of USD 23.8 million in 2023 and is expected to reach USD 42.1 million by 2030.
- The Colombia market is expected to grow at a CAGR of 8.5% 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 23.8 million |
| Market revenue in 2030 | USD 42.1 million |
| Growth rate | 8.5% (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, Colombia accounted for 0.5% 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 |
|---|
Colombia 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 59.24% in 2023. Horizon Databook has segmented the Colombia bioanalytical testing services market based on small molecule, large molecule covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing competition and presence of pharmaceutical companies, supporting services for drug development, and regulatory services are contributing towards the market growth. In November 2023, Extended announced the expansion of its business in Columbia with an investment of USD 7.5 million.
In addition, government initiatives to prevent infectious diseases have increased the demand for new & generic drugs in the market. A significant Columbian population is suffering from chronic & infectious diseases.
Moreover, the rising number of clinical trials in the country adds to the market growth. For instance, according to ClinicaltrialTrials.gov, there were 74 studies registered from 2022 to 2023 in Columbia. Some key players operating in the country are Genpact., ICON plc, and Frey.
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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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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 country-level data and insights on the Colombia bioanalytical testing services market , including forecasts for subscribers. This country databook contains high-level insights into Colombia bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Colombia bioanalytical testing services market size, by molecule, 2018-2030 (US$M)
Colombia Bioanalytical Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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