Canada Large Molecule Bioanalytical Testing Services Market Size & Outlook
Canada large molecule bioanalytical testing services market, 2018-2030 (US$M)
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Canada large molecule bioanalytical testing services market highlights
- The Canada large molecule bioanalytical testing services market generated a revenue of USD 72.1 million in 2021 and is expected to reach USD 133.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 7% from 2022 to 2030.
- In terms of segment, clinical was the largest revenue generating phase in 2021.
- Preclinical 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 72.1 million |
| Market revenue in 2030 | USD 133.1 million |
| Growth rate | 7% (CAGR from 2021 to 2030) |
| Largest segment | Clinical |
| Fastest growing segment | Preclinical |
| 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, Canada accounted for 4.5% 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 North America, U.S. large molecule bioanalytical testing services market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,551.2 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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Canada 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 66.16% in 2021. Horizon Databook has segmented the Canada large molecule bioanalytical testing services market based on preclinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
Well-established healthcare infrastructure coupled with high healthcare expenditure in the country will boost market growth of large molecule bioanalytical testing in the country. For instance, according to Canadian Institute of Health Information, the total healthcare expenditure per person in Canada was USD 7,064 in 2019.
Such environment will augment the market for large molecule bioanalytical testing in the country. The biopharmaceutical pipeline of Canada covers various therapeutic fields, with innovative product candidates.
As of March 2017, there were around 158 biopharmaceutical small and medium enterprises offering more than 444 under development biopharmaceutical products for human health. Hence, robust biopharmaceutical product pipeline and suitable environment for clinical research are expected to augment market growth of large molecule bioanalytical testing.
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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 Canada large molecule bioanalytical testing services market , including forecasts for subscribers. This country databook contains high-level insights into Canada large molecule bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada large molecule bioanalytical testing services market size, by phase, 2018-2030 (US$M)
Canada Large Molecule Bioanalytical Testing Services Market Outlook Share, 2021 & 2030 (US$M)
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