Kuwait Bioanalytical Testing Services Market Size & Outlook
Kuwait bioanalytical testing services market, 2018-2030 (US$M)
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Kuwait bioanalytical testing services market highlights
- The Kuwait bioanalytical testing services market generated a revenue of USD 6,070.3 million in 2023 and is expected to reach USD 6,092.2 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 0.1% from 2024 to 2030.
- In terms of segment, large 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 6,070.3 million |
| Market revenue in 2030 | USD 6,092.2 million |
| Growth rate | 0.1% (CAGR from 2023 to 2030) |
| Largest segment | Large 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, Kuwait accounted for 140.2% 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 Middle East & Africa, Kuwait bioanalytical testing services market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 47.3 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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Kuwait 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.
Large molecule was the largest segment with a revenue share of 66.67% in 2023. Horizon Databook has segmented the Kuwait bioanalytical testing services market based on small molecule, large molecule covering the revenue growth of each sub-segment from 2018 to 2030.
Kuwait has a large number of domestic & foreign bioanalytical testing laboratories. The initiative of CROs to increase the country's clinical trials and the government's efforts to support pharmaceutical developments are escalating the market growth.
In addition, the establishment and expansion of bioanalytical services in the country is another major factor fueling the market growth. Thus, the increasing number of clinical research laboratories, pharmaceutical companies, and government support for drug development contribute to market growth.
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Target buyers of Kuwait 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 Kuwait bioanalytical testing services market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait bioanalytical testing services market size, by molecule, 2018-2030 (US$M)
Kuwait Bioanalytical Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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