Sweden Bioanalytical Testing Services Market Size & Outlook
Sweden bioanalytical testing services market, 2018-2030 (US$M)
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Sweden bioanalytical testing services market highlights
- The Sweden bioanalytical testing services market generated a revenue of USD 71.4 million in 2023 and is expected to reach USD 125.3 million by 2030.
- The Sweden market is expected to grow at a CAGR of 8.4% 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 71.4 million |
| Market revenue in 2030 | USD 125.3 million |
| Growth rate | 8.4% (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, Sweden 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 Europe, Germany bioanalytical testing services market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 428.1 million by 2030.
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Bioanalytical Testing Services Market Scope
Bioanalytical Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Sweden 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 53.92% in 2023. Horizon Databook has segmented the Sweden bioanalytical testing services market based on small molecule, large molecule covering the revenue growth of each sub-segment from 2018 to 2030.
Sweden held a strong position in drug development and discovery from phase I to phase III trials. The country's growing range of clinical trials drives the market's growth. Sweden's life sciences industry is very strategic, focusing on world-class innovation and excellent R&D.
This can be seen through the significant increase in start-ups and academic spinouts focusing on life sciences during the previous 15 years. With a solid basis in life sciences, particularly in pharmaceutical R&D, the life sciences industry is Sweden's second-largest export industry.
Bioanalytical testing services play a crucial role in developing and approving new pharmaceuticals & biopharmaceuticals.
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Target buyers of Sweden 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 Sweden bioanalytical testing services market , including forecasts for subscribers. This country databook contains high-level insights into Sweden bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Sweden bioanalytical testing services market size, by molecule, 2018-2030 (US$M)
Sweden Bioanalytical Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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