India Bioanalytical Testing Services Market to Grow with a CAGR of 10.37% through 2030
Outsourcing of
testing services is expected to drive the India Bioanalytical Testing Services
Market growth in the forecast period, 2026-2030.
According to TechSci
Research report, “India Bioanalytical Testing Services Market - By Region, Competition, Forecast & Opportunities, 2030F”, India Bioanalytical Testing Service Market was valued at USD 79.09 Million in 2024 and is expected to reach USD 143.28 Million by 2030 with a CAGR of 10.37% during the forecast period. The Indian government has implemented
several initiatives to enhance the country's biopharmaceutical and gene therapy
research landscape. One such initiative is the National Biopharma Mission,
launched by the Department of Biotechnology under the Ministry of Science and
Technology. This mission aims to accelerate the development of new products and
technologies in the biopharmaceutical sector, with a focus on gene therapies,
vaccines, and monoclonal antibodies. By funding research and encouraging
public-private partnerships, the government is fostering innovation and
facilitating the commercialization of these technologies.
Additionally,
the Pharma Vision 2020 initiative has been instrumental in making India a
global leader in the pharmaceutical industry. It supports the development of
domestic drug manufacturing, particularly for biotechnology-based therapeutics.
The program emphasizes making India a hub for clinical trials, offering
regulatory support and incentives for research activities.
The outsourcing of testing services has become a significant driver in the growth of the bioanalytical testing market, particularly in countries like India. As pharmaceutical and biotechnology companies seek to reduce costs and increase efficiency, outsourcing testing services to specialized laboratories offers a compelling solution. By partnering with Contract Research Organizations (CROs) and testing service providers, companies can avoid the high costs of setting up and maintaining in-house testing facilities, while accessing state-of-the-art technologies and expertise. This trend is particularly prominent in the bioanalytical sector, where advanced testing methods are required to meet regulatory standards and ensure the safety and efficacy of new drugs and biologics.
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The India
Bioanalytical Testing Services Market is segmented into molecule, test, workflow,
application, end use regional distribution, and company.
Based
on Application, Oncology have emerged as the dominating segment in the India
Bioanalytical Testing Services Market in 2024. The growing prevalence of cancer
in India, coupled with increasing research efforts in oncology, has driven a
substantial demand for bioanalytical testing services in this area.
Oncology-related research often requires extensive testing to evaluate new drug
candidates, targeted therapies, and biomarkers, making it a key focus for
pharmaceutical and biotech companies.
Based on Region,
South India have emerged as the fastest growing region in the India
Bioanalytical Testing Services Market in 2024. outh India is home to the Indian Institute of Chemical
Technology (IICT) in Hyderabad and the Institute of Microbial Technology
(IMTech) in Chennai, institutions that specialize in cutting-edge research
and innovations in biotechnology. These institutions foster collaboration with
global pharmaceutical companies, creating a thriving ecosystem for
bioanalytical testing services.
Moreover,
Hyderabad's "Genome Valley" is a specialized biotechnology
cluster that attracts multinational pharmaceutical companies, making it a key
driver for bioanalytical testing services. With strong local governance, the
region has streamlined regulatory processes, supporting a quick and efficient
environment for clinical trials and testing. The presence of government-backed
organizations like the Biotechnology Industry Research Assistance Council
(BIRAC) has also accelerated research and development in bioanalytical
services, further driving the region's growth.
Major companies
operating in India Bioanalytical Testing Services Market are:
- Syneos Health Pvt Ltd
- Intertek Group PLC
- SGS SA
- IQVIA Inc
- Icon PLC
- Labcorp Holdings Inc
- Charles River Laboratories India Pvt.
Ltd.
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“India, with its growing expertise in
genomics and biotechnology, is well-positioned to meet this demand. The rise of
genetic testing, targeted therapies, and biomarker identification has spurred
the need for advanced bioanalytical testing to evaluate the efficacy and safety
of personalized treatments. Companies developing precision medicines require
robust bioanalytical testing to ensure that treatments are effective for
specific patient groups, which is driving the demand for these services in the
country. As a result, personalized medicine has become a key driver of growth
in the Indian bioanalytical testing market.”, said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“India Bioanalytical
Testing Service Market By Molecule (Small Molecule, Large Molecule, Others), By
Test (ADME, PK, PD, Bioavailability, Bioequivalence, Others), By Workflow
(Sample Preparation, Sample Analysis, Others), By Application (Oncology,
Neurology, Infectious Diseases, Gastroenterology, Cardiology, Other), By End
Use (Pharma & BioPharma Companies, CDMO, CRO), By Region, Competition,
Forecast & Opportunities, 2020-2030F”, has evaluated
the future growth potential of India Bioanalytical Testing Services Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Bioanalytical Testing Services Market.
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