North America Bioanalytical Testing Services Market Size & Outlook
North America bioanalytical testing services market, 2018-2030 (US$M)
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North America bioanalytical testing services market highlights
- The North America bioanalytical testing services market generated a revenue of USD 2,005.3 million in 2023.
- The market is expected to grow at a CAGR of 9.1% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,005.3 million |
| Market revenue in 2030 | USD 3,689.4 million |
| Growth rate | 9.1% (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, North America region accounted for 46.3% 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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North 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 54.04% in 2023. Horizon Databook has segmented the North America bioanalytical testing services market based on small molecule, large molecule covering the revenue growth of each sub-segment from 2018 to 2030.
North America accounts for the largest share of the global bioanalytical testing services market owing to growing investment in R&D of new drugs by the pharmaceutical and biotechnology industries. As this activity increases, the demand for bioanalytical testing services also grows.
The growth of pharmaceutical industries in the U.S. and Canada is a contributing factor. In addition, the substantial presence of key market players and ongoing clinical trials are anticipated to drive market growth.
The expansion of the market in the region can be ascribed to the existence of technologically advanced CROs & CDMOs and an upsurge in the allocation of grants. The increasing prevalence of diverse diseases has led to additional investments in clinical research throughout the projected period.
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Target buyers of North 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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America bioanalytical testing services market , including forecasts for subscribers. This continent databook contains high-level insights into North America bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America bioanalytical testing services market size, by country, 2018-2030 (US$M)
North America Bioanalytical Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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