Germany Bioanalytical Testing Services Market Size & Outlook
Germany bioanalytical testing services market, 2018-2030 (US$M)
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Germany bioanalytical testing services market highlights
- The Germany bioanalytical testing services market generated a revenue of USD 225.8 million in 2023 and is expected to reach USD 428.1 million by 2030.
- The Germany market is expected to grow at a CAGR of 9.6% 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 225.8 million |
| Market revenue in 2030 | USD 428.1 million |
| Growth rate | 9.6% (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, Germany accounted for 5.2% 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 Europe, Germany bioanalytical testing services market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 428.1 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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Germany 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 59.48% in 2023. Horizon Databook has segmented the Germany bioanalytical testing services market based on small molecule, large molecule covering the revenue growth of each sub-segment from 2018 to 2030.
Germany is set to play a significant role in the European bioanalytical testing services market. This is due to a rising demand for outsourcing services from major companies such as Novartis, Sanofi, Roche, GlaxoSmithKline, and AstraZeneca.
The country's increased requirement for improved product designs, consulting, product maintenance, and related services is expected to be a crucial factor driving market growth in the coming years.
Advancements in technology & quality clinical resources are some of the primary factors expected to propel this market over the forecast period. In addition, government initiative for clinical research activities has accelerated the growth of the bioanalytical testing services market.
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Target buyers of Germany 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 Germany bioanalytical testing services market , including forecasts for subscribers. This country databook contains high-level insights into Germany bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany bioanalytical testing services market size, by molecule, 2018-2030 (US$M)
Germany Bioanalytical Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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