UK Bioanalytical Testing Services Market Size & Outlook
UK bioanalytical testing services market, 2018-2030 (US$M)
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UK bioanalytical testing services market highlights
- The UK bioanalytical testing services market generated a revenue of USD 186.7 million in 2023 and is expected to reach USD 344.7 million by 2030.
- The UK 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 186.7 million |
| Market revenue in 2030 | USD 344.7 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, UK accounted for 4.3% 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 |
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UK 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 57.53% in 2023. Horizon Databook has segmented the UK bioanalytical testing services market based on small molecule, large molecule covering the revenue growth of each sub-segment from 2018 to 2030.
The UK is of prime importance for pharmaceutical companies, which can be attributed to extensive R&D initiatives and clinical trials being undertaken to address the challenges posed by various infectious diseases.
These companies often require bioanalytical testing services to assess their pharmaceutical products' safety, efficacy, and quality, contributing to market growth. Furthermore, the country's dominance in the European bioanalytical testing services market can primarily be attributed to the increased focus on healthcare R&D.
For instance, in March 2022, the UK government disclosed plans to allocate over USD 283 million for healthcare research to enhance regional research activities.
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Target buyers of UK 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 UK bioanalytical testing services market , including forecasts for subscribers. This country databook contains high-level insights into UK bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
UK bioanalytical testing services market size, by molecule, 2018-2030 (US$M)
UK Bioanalytical Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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