Malaysia Biomarker Testing Services Market Size & Outlook
Malaysia biomarker testing services market, 2018-2030 (US$M)
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Malaysia biomarker testing services market highlights
- The Malaysia biomarker testing services market generated a revenue of USD 2.2 million in 2021 and is expected to reach USD 4.1 million by 2030.
- The Malaysia market is expected to grow at a CAGR of 7.2% from 2022 to 2030.
- In terms of segment, biomarker assay development & validation was the largest revenue generating services in 2021.
- Flow cytometry is the most lucrative services segment registering the fastest growth during the forecast period.
Biomarker testing services market data book summary
| Market revenue in 2021 | USD 2.2 million |
| Market revenue in 2030 | USD 4.1 million |
| Growth rate | 7.2% (CAGR from 2021 to 2030) |
| Largest segment | Biomarker assay development & validation |
| Fastest growing segment | Flow cytometry |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biomarker Assay Development & Validation, Flow cytometry, Others( Biomarker immunoassays, Biomarker Assessment) |
| Key market players worldwide | Eurofins Scientific SE, SGS AG, Charles River Laboratories International Inc, Labcorp Drug Development, Thermo Fisher Scientific Inc, Icon PLC, IQVIA Holdings Inc, Syneos Health, Intertek Group PLC, BioAgilytix Labs |
Other key industry trends
- In terms of revenue, Malaysia accounted for 0.7% of the global biomarker testing services market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China biomarker testing services market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 10.9 million by 2030.
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Biomarker Testing Services Market Scope
Biomarker Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Malaysia biomarker 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 biomarker testing services market will help companies and investors design strategic landscapes.
Biomarker assay development & validation was the largest segment with a revenue share of 59.09% in 2024. Horizon Databook has segmented the Malaysia biomarker testing services market based on biomarker assay development & validation, flow cytometry, others( biomarker immunoassays, biomarker assessment) covering the revenue growth of each sub-segment from 2018 to 2030.
The government and private sector investments in R&D are expected to stimulate the demand for biomarker testing services. The increasing funding for R&D projects is expected to improve the demand for biomarker testing services.
The country has been trying to strengthen its pharmaceutical industry, which is expected to increase demand for these services. These services are essential for ensuring pharmaceutical products' safety, efficacy, and quality.
For instance, in August 2023, the first central oncology laboratory dedicated to clinical trials was inaugurated in Malaysia. The Minister of Health (MOH) officially inaugurated Hematogenix, Malaysia's pioneering central oncology laboratory dedicated to clinical trials.
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Target buyers of Malaysia biomarker testing services market databook
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Our clientele includes a mix of biomarker 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 Malaysia biomarker testing services market , including forecasts for subscribers. This country databook contains high-level insights into Malaysia biomarker testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Malaysia biomarker testing services market size, by services, 2018-2030 (US$M)
Malaysia Biomarker Testing Services Market Outlook Share, 2024 & 2030 (US$M)
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