Taiwan Bioanalytical Testing Services Market Size & Outlook
Taiwan bioanalytical testing services market, 2018-2030 (US$M)
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Taiwan bioanalytical testing services market highlights
- The Taiwan bioanalytical testing services market generated a revenue of USD 49.8 million in 2023 and is expected to reach USD 92.2 million by 2030.
- The Taiwan market is expected to grow at a CAGR of 9.2% 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 49.8 million |
| Market revenue in 2030 | USD 92.2 million |
| Growth rate | 9.2% (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, Taiwan accounted for 1.1% 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 Asia Pacific, China bioanalytical testing services market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 132.4 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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Taiwan 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 54.02% in 2023. Horizon Databook has segmented the Taiwan bioanalytical testing services market based on small molecule, large molecule covering the revenue growth of each sub-segment from 2018 to 2030.
Taiwan has become a preferred destination for clinical trials due to its growing market for drug development, expanding population, and comprehensive healthcare system. The rising biopharmaceutical industry in the country is expected to boost market growth.
The demand for bioanalytical services is often tied to the growth of the biopharmaceutical industry. Biomedicine holds significant importance for Taiwan, as the government strives to establish the country as a premier hub for biomedical R&D in the Asia-Pacific region.
The objective by 2025 is to develop twenty new medicines, initiate 80 high-value medical devices to the market, and propel the biomedicine industry into a trillion-NT-dollar (approximately USD 32 billion) sector.
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Target buyers of Taiwan 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 Taiwan bioanalytical testing services market , including forecasts for subscribers. This country databook contains high-level insights into Taiwan bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Taiwan bioanalytical testing services market size, by molecule, 2018-2030 (US$M)
Taiwan Bioanalytical Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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