Global Life Sciences Translation Services Market Size & Outlook
Global life sciences translation services market, 2018-2030 (US$M)
Related Markets
Global life sciences translation services market highlights
- The global life sciences translation services market generated a revenue of USD 1,451.7 million in 2023 and is expected to reach USD 2,553.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.4% by 2030.
- In terms of segment, technical translation accounted for a revenue of USD 572.7 million in 2023.
- Clinical/Document Translation is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,451.7 million |
| Market revenue in 2030 | USD 2,553.2 million |
| Growth rate | 8.4% (CAGR from 2024 to 2030) |
| Largest segment | Technical translation |
| Fastest growing segment | Clinical/Document Translation |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Clinical/Document Translation, Technical Translation, Labeling and Device Translation, Corporate/Marketing Translation |
Other key industry trends
- In terms of revenue, the North America accounted for 46.1% of the global life sciences translation services market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, India is the fastest growing regional market and is projected to reach USD 113.5 million by 2030.
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Life Sciences Translation Services Market Scope
Life Sciences Translation Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Morningside College | View profile | 501-1000 | Sioux City, Iowa, United States, North America | https://www.morningside.edu |
| Lionbridge Technologies, Inc. | View profile | - | - | - |
| Questel | View profile | 1001-5000 | Paris, Ile-de-France, France, Europe | https://www.questel.com/ |
Global life sciences translation 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 life sciences translation services market will help companies and investors design strategic landscapes.
Technical translation was the largest segment with a revenue share of 39.45% in 2023. Horizon Databook has segmented the Global life sciences translation services market based on clinical/document translation, technical translation, labeling and device translation, corporate/marketing translation covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Life Sciences Translation Services Type Outlook (Revenue, USD Million, 2018-2030)
- Clinical/Document Translation
- Technical Translation
- Labeling and Device Translation
- Corporate/Marketing Translation
- Global Life Sciences Translation Services Category Outlook (Revenue, USD Million, 2018-2030)
- Manual
- Technology/AI-Based
- Global Life Sciences Translation Services End Use Outlook (Revenue, USD Million, 2018-2030)
- Pharmaceutical Manufacturers
- Biotechnology Companies
- Medical Device Manufacturers
- Clinical Research Organizations
- Others
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Target buyers of Global life sciences translation services market databook
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Our clientele includes a mix of life sciences translation 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 global-level data and insights on the Global life sciences translation services market , including forecasts for subscribers. This global databook contains high-level insights into Global life sciences translation services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global life sciences translation services market size, by regions, 2018-2030 (US$M)
Top 10 countries: Life sciences translation services market size, 2023 (US$M)
Global life sciences translation services market share, by type, 2023 & 2030 (%, US$M)
Life sciences translation services market: Opportunity assessment by country
Global life sciences translation services market, by region, 2023 (US$M)
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