India Bioanalytical Testing Services Market Size & Outlook
India bioanalytical testing services market, 2018-2030 (US$M)
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India bioanalytical testing services market highlights
- The India bioanalytical testing services market generated a revenue of USD 70.6 million in 2023 and is expected to reach USD 141.2 million by 2030.
- The India market is expected to grow at a CAGR of 10.4% 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 70.6 million |
| Market revenue in 2030 | USD 141.2 million |
| Growth rate | 10.4% (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, India accounted for 1.6% 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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India 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 57.65% in 2023. Horizon Databook has segmented the India bioanalytical testing services market based on small molecule, large molecule covering the revenue growth of each sub-segment from 2018 to 2030.
India is emerging as one of the lucrative markets for bioanalytical testing across the globe. This can be attributed to low costs, the availability of industry experts, and the presence of WHO-cGMP-compliant facilities.
India has become one of the most preferred sites for clinical trials due to its largest patient pool, developing healthcare sector, educated physicians, and cost competitiveness.
Moreover, growing investment from overseas firms for research and development is expected to support market growth over the projected period. Likewise, the increasing number of established CROs, skilled professionals, and logistic advantages are contributing to the growing demand for the bioanalytical testing services market in India.
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Target buyers of India 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 India bioanalytical testing services market , including forecasts for subscribers. This country databook contains high-level insights into India bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India bioanalytical testing services market size, by molecule, 2018-2030 (US$M)
India Bioanalytical Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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