Latin America Bioanalytical Testing Services Market Size & Outlook
Latin America bioanalytical testing services market, 2018-2030 (US$M)
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Latin America bioanalytical testing services market highlights
- The Latin America bioanalytical testing services market generated a revenue of USD 218.9 million in 2023.
- The market is expected to grow at a CAGR of 8% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 218.9 million |
| Market revenue in 2030 | USD 374.4 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Small molecule |
| Fastest growing segment | Large Molecule |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 5.1% of the global bioanalytical testing services market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,251.5 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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Latin America 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 56.46% in 2023. Horizon Databook has segmented the Latin America bioanalytical testing services market based on small molecule, large molecule covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing clinical trials drive Latin America bioanalytical testing services market growth as biotechnology & pharmaceutical companies invest in clinical research.
In addition, the increasing number of clinical trials conducted by CROs focusing on the diversified Latin American population fuels regional market growth. The study of this diverse population is expected to yield high-quality results for drug developers.
Thus, the emerging pharmaceutical companies in the region also add to the market growth. Moreover, the efforts of healthcare organizations to prevent infectious diseases in the region surge the market growth.
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Target buyers of Latin America 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 continent-level data and insights on the Latin America bioanalytical testing services market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America bioanalytical testing services market size, by country, 2018-2030 (US$M)
Latin America Bioanalytical Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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