India Cell & Gene Therapy Bioanalytical Testing Services Market Size & Outlook
India cell & gene therapy bioanalytical testing services market, 2018-2030 (US$M)
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India cell & gene therapy bioanalytical testing services market highlights
- The India cell & gene therapy bioanalytical testing services market generated a revenue of USD 24.9 million in 2023 and is expected to reach USD 42.2 million by 2030.
- The India market is expected to grow at a CAGR of 7.9% from 2024 to 2030.
- In terms of segment, bioavailability & bioequivalence studies was the largest revenue generating test type in 2023.
- Bioavailability & Bioequivalence Studies is the most lucrative test type segment registering the fastest growth during the forecast period.
Cell & gene therapy bioanalytical testing services market data book summary
| Market revenue in 2023 | USD 24.9 million |
| Market revenue in 2030 | USD 42.2 million |
| Growth rate | 7.9% (CAGR from 2023 to 2030) |
| Largest segment | Bioavailability & bioequivalence studies |
| Fastest growing segment | Bioavailability & Bioequivalence Studies |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bioavailability & Bioequivalence Studies, Pharmacokinetics, Pharmacodynamics, Other test type |
| Key market players worldwide | IQVIA Holdings Inc, Labcorp Holdings Inc, Thermo Fisher Scientific Inc, Pharmaron Beijing Co Ltd Ordinary Shares - Class H, Charles River Laboratories International Inc, Syneos Health, Intertek Group PLC |
Other key industry trends
- In terms of revenue, India accounted for 4.9% of the global cell & gene therapy bioanalytical testing services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan cell & gene therapy bioanalytical testing services market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 59.4 million by 2030.
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Cell & Gene Therapy Bioanalytical Testing Services Market Scope
Cell & Gene Therapy Bioanalytical Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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India cell & gene therapy 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 cell & gene therapy bioanalytical testing services market will help companies and investors design strategic landscapes.
Bioavailability & bioequivalence studies was the largest segment with a revenue share of 35.34% in 2023. Horizon Databook has segmented the India cell & gene therapy bioanalytical testing services market based on bioavailability & bioequivalence studies, pharmacokinetics, pharmacodynamics, other test type covering the revenue growth of each sub-segment from 2018 to 2030.
India is emerging as one of the lucrative markets for bioanalytical testing across the globe. This can be attributed to low costs, the availability of industry experts, and the presence of WHO-cGMP-compliant facilities.
Due to a substantial population size, elevated birth rates, and the prevalence of consanguineous marriages in several communities, India experiences a high incidence of genetic disorders. It is estimated that each year, approximately 495,000 infants are born with congenital malformations; 390,000 with G6PD deficiency; 21,400 with Down syndrome; 9,000 with betathalassemia; 5,200 with sickle cell disease; and 9,760 with amino acid disorders in the country.
The burden of genetic disorders is relatively high in the country, which is expected to boost the demand for diagnostic tests. Thus, the market for cell and gene therapy bioanalytical testing services is anticipated to register significant growth in India.
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Target buyers of India cell & gene therapy bioanalytical testing services market databook
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Our clientele includes a mix of cell & gene therapy 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 India cell & gene therapy bioanalytical testing services market , including forecasts for subscribers. This country databook contains high-level insights into India cell & gene therapy bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India cell & gene therapy bioanalytical testing services market size, by test type, 2018-2030 (US$M)
India Cell & Gene Therapy Bioanalytical Testing Services Market Outlook Share, 2023 & 2030 (US$M)
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