Argentina Large Molecule Bioanalytical Testing Services Market Size & Outlook
Argentina large molecule bioanalytical testing services market, 2018-2030 (US$M)
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Argentina large molecule bioanalytical testing services market highlights
- The Argentina large molecule bioanalytical testing services market generated a revenue of USD 14.7 million in 2021 and is expected to reach USD 29.1 million by 2030.
- The Argentina market is expected to grow at a CAGR of 7.9% from 2022 to 2030.
- In terms of segment, clinical was the largest revenue generating phase in 2021.
- Clinical is the most lucrative phase segment registering the fastest growth during the forecast period.
Large molecule bioanalytical testing services market data book summary
| Market revenue in 2021 | USD 14.7 million |
| Market revenue in 2030 | USD 29.1 million |
| Growth rate | 7.9% (CAGR from 2021 to 2030) |
| Largest segment | Clinical |
| Fastest growing segment | Clinical |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Preclinical, Clinical |
| Key market players worldwide | Labcorp Holdings Inc, IQVIA Holdings Inc, Syneos Health, SGS AG, Toxikon, Intertek Group PLC, Pace Analytical Services, Icon PLC, Charles River Laboratories International Inc, Thermo Fisher Scientific Inc |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.9% of the global large molecule bioanalytical testing services market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil large molecule bioanalytical testing services 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 52.8 million by 2030.
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Large Molecule Bioanalytical Testing Services Market Scope
Large Molecule Bioanalytical Testing Services Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina large molecule 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 large molecule bioanalytical testing services market will help companies and investors design strategic landscapes.
Clinical was the largest segment with a revenue share of 67.35% in 2021. Horizon Databook has segmented the Argentina large molecule bioanalytical testing services market based on preclinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
Rise in number of clinical trials in the country will drive growth over the forecast period. For instance, Argentina conducted 5,609 clinical trials between 1999 and 2019, according to WHO’s ICTRP. This accounts for 1.07% of total clinical trials conducted globally in the same period.
Furthermore, according to the World Bank, the healthcare expenditure of Argentina was 9.6% of its GDP in 2018. Hence, high healthcare expenditure in the country will propel growth of large molecule bioanalytical testing market.
Moreover, the pharmaceutical industry in Argentina is one of the largest investors on R&D, which was 21.5% of the national annual R&D expenditure in 2017. Moreover, high geriatric population will augment need for advancements in health care, driving growth.
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Our clientele includes a mix of large molecule bioanalytical testing services market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina large molecule bioanalytical testing services market , including forecasts for subscribers. This country databook contains high-level insights into Argentina large molecule bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina large molecule bioanalytical testing services market size, by phase, 2018-2030 (US$M)
Argentina Large Molecule Bioanalytical Testing Services Market Outlook Share, 2021 & 2030 (US$M)
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