Colombia Clinical Trial Biorepository & Archiving Solutions Market Size & Outlook
Colombia clinical trial biorepository & archiving solutions market, 2018-2030 (US$M)
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Colombia clinical trial biorepository & archiving solutions market highlights
- The Colombia clinical trial biorepository & archiving solutions market generated a revenue of USD 11.2 million in 2023 and is expected to reach USD 20.9 million by 2030.
- The Colombia market is expected to grow at a CAGR of 9.3% from 2024 to 2030.
- In terms of segment, biorepository services was the largest revenue generating service in 2023.
- Biorepository Services is the most lucrative service segment registering the fastest growth during the forecast period.
Clinical trial biorepository & archiving solutions market data book summary
| Market revenue in 2023 | USD 11.2 million |
| Market revenue in 2030 | USD 20.9 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Biorepository services |
| Fastest growing segment | Biorepository Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biorepository Services, Archiving Solution Services |
| Key market players worldwide | Azenta Inc, Thermo Fisher Scientific Inc, Precision for Medicine, Medpace Holdings Inc, Labcorp Drug Development, ATCC, Q2 Solutions, LabConnect, Charles River Laboratories International Inc |
Other key industry trends
- In terms of revenue, Colombia accounted for 0.3% of the global clinical trial biorepository & archiving solutions market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil clinical trial biorepository & archiving solutions market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 82.5 million by 2030.
Biorepository services was the largest segment with a revenue share of 66.96% in 2023. Horizon Databook has segmented the Colombia clinical trial biorepository & archiving solutions market based on biorepository services, archiving solution services covering the revenue growth of each sub-segment from 2018 to 2030.
Colombia offers various benefits to life sciences companies such as pharmaceutical, biotechnology, and medtech companies to enhance quality ðical clinical research at a competitive cost.
There are various associated advantages for conducting clinical trials in Colombia such as 30.00% to 50.00% cost savings in clinical trials in comparison with the U.S. and Europe and access to around 50.00 million patients. Therefore, various CROs in the country offer clinical trial services to end users such as pharmaceutical and biotech companies.
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Clinical Trial Biorepository & Archiving Solutions Market Scope
Clinical Trial Biorepository & Archiving Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
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Colombia clinical trial biorepository & archiving solutions market size, by service, 2018-2030 (US$M)
Colombia Clinical Trial Biorepository & Archiving Solutions Market Outlook Share, 2023 & 2030 (US$M)
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