Colombia Large Molecule Bioanalytical Testing Services Market Size & Outlook
Colombia large molecule bioanalytical testing services market, 2018-2030 (US$M)
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Colombia large molecule bioanalytical testing services market highlights
- The Colombia large molecule bioanalytical testing services market generated a revenue of USD 8.1 million in 2021 and is expected to reach USD 16.6 million by 2030.
- The Colombia market is expected to grow at a CAGR of 8.3% 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 8.1 million |
| Market revenue in 2030 | USD 16.6 million |
| Growth rate | 8.3% (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, Colombia accounted for 0.5% 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 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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Colombia 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 66.67% in 2021. Horizon Databook has segmented the Colombia large molecule bioanalytical testing services market based on preclinical, clinical covering the revenue growth of each sub-segment from 2018 to 2030.
Increase in number of clinical trials in the country will boost demand for large scale bioanalytical testing. For instance, Colombia conducted 2,954 clinical trials between 1999 and 2019, according to WHO’s ICTRP. This accounts for 0.56% of total clinical trials conducted globally in the same period.
Furthermore, according to the World Bank, the healthcare expenditure of Colombia was 7.6% of its GDP in 2018. Moderate healthcare expenditure in the country provides an ordinary environment for large molecule bioanalytical testing market to grow.
Moderate geriatric population will also augment the need for advancements in health care, which would increase market demand. For instance, according to OECD, 8.1% of the Colombian population was aged 65 or above in 2018.
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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 Colombia large molecule bioanalytical testing services market , including forecasts for subscribers. This country databook contains high-level insights into Colombia large molecule bioanalytical testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia large molecule bioanalytical testing services market size, by phase, 2018-2030 (US$M)
Colombia Large Molecule Bioanalytical Testing Services Market Outlook Share, 2021 & 2030 (US$M)
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