India Bioanalytical Testing Services Market Size & Outlook
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India bioanalytical testing services market highlights
- The India bioanalytical testing services market generated a revenue of USD 77.7 million in 2024 and is expected to reach USD 203.4 million by 2033.
- The India market is expected to grow at a CAGR of 11.3% from 2025 to 2033.
- In terms of segment, small molecule was the largest revenue generating molecule in 2024.
- 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 2024 | USD 77.7 million |
| Market revenue in 2033 | USD 203.4 million |
| Growth rate | 11.3% (CAGR from 2025 to 2033) |
| Largest segment | Small molecule |
| Fastest growing segment | Large Molecule |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| 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 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China bioanalytical testing services market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 203.4 million by 2033.
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Bioanalytical Testing Services Market Scope
Bioanalytical Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Pace Analytical Services | View profile | 11-50 | Woburn, Massachusetts, United States, North America | https://www.pacelifesciences.com |
| Syneos Health | View profile | 1001-5000 | Morrisville, North Carolina, United States, North America | https://www.syneoshealth.com/ |
| Intertek Group PLC | View profile | 44000 | 33 Cavendish Square, London, United Kingdom, W1G 0PS | https://www.intertek.com |
| SGS AG | View profile | 103193 | 1 Place des Alpes, P.O. Box 2152, Geneva, Switzerland, CH-1211 | https://www.sgs.com |
| IQVIA Holdings Inc | View profile | 87000 | 2400 Ellis Road, Durham, NC, United States, 27703 | https://www.iqvia.com |
| Icon PLC | View profile | 41150 | South County Business Park, Leopardstown, Dublin, Ireland, D18 X5R3 | https://www.iconplc.com |
| Labcorp Holdings Inc | View profile | 67000 | 358 South Main Street, Burlington, NC, United States, 27215 | https://www.labcorp.com |
| Charles River Laboratories International Inc | View profile | 21400 | 251 Ballardvale Street, Wilmington, MA, United States, 01887 | https://www.criver.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
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 64.48% in 2024. 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 2021 to 2033.
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 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
India Molecule - Bioanalytical Testing Services Market size, 2024 - 2033 (US$M)
India Bioanalytical Testing Services Market Outlook Share, 2024 & 2033 (US$M)
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