Large Molecule Bioanalytical Technologies Market Size – By Offering (Products, Service), Technology (ELISA, Chromatography, Flow Cytometry), Application (Biologics, Viral Vector), End-use (Pharmaceutical & Biotechnology Companies) & Forecast, 2024 - 2032
Report ID: GMI8333
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Published Date: February 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 10
Tables & Figures: 296
Countries covered: 22
Pages: 160
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Large Molecule Bioanalytical Technologies Market Size
Large Molecule Bioanalytical Technologies Market size was valued at USD 8.3 billion in 2023 and is estimated to expand at over 10.4% CAGR from 2024 to 2032. Large molecule bioanalytical technologies refer to a set of analytical techniques and methodologies used to study and characterize large biological molecules such as proteins, peptides, nucleic acids (DNA, RNA), antibodies, and other biologics. These technologies are essential for understanding the structure, function, interaction, and quantity of these molecules in biological systems.
The increasing prevalence of chronic diseases is a significant driver for the large molecule bioanalytical technologies market. For instance, according to the International Diabetic Federation (IDF), in 2021, approximately 537 million adults lived with diabetes worldwide, with predictions suggesting that this figure will reach 643 million by 2030. Therefore, large molecule bioanalytical technologies are required for accurate diagnosis, monitoring, drug development, biomarker discovery, and personalized treatment strategies.
Furthermore, increasing demand for biologics & biosimilars, rising advancements in bioanalytical technology, increasing research and development in the multi-omics sector, which is set to reach 12.2 billion by 2032, increasing drug development and clinical trials, rising adoption of biomarkers-based diagnostics, are the contributing factors stimulating the growth of the market.
Large Molecule Bioanalytical Technologies Market Trends
Rising advancements in bioanalytical technology play a pivotal role in large molecule bioanalytical technologies industry as they drive innovation, improves analytical capabilities, and expand the scope of applications.
Large Molecule Bioanalytical Technologies Market Analysis
Based on offering, the market is bifurcated into products and service. The products segment is poised to surpass USD 14.2 billion by the end of 2032.
Based on technology, the large molecule bioanalytical technologies market is segmented into chromatography, mass spectrometry, ELISA, electrophoresis, polymerase chain reaction, western blot, flow cytometry, spectrometer, and other technologies. The chromatography segment held over USD 2.1 billion revenue in 2023.
Based on application, the large molecule bioanalytical technologies market is classified into biologics, oligonucleotide derived drugs & molecules, viral vector, cell & gene therapy, nanoparticles & polymers, disease diagnosis, and other applications. The biologics segment is estimated to reach USD 6.1 billion by the end of 2032.
Based on end-use, the large molecule bioanalytical technologies market is segmented into pharmaceutical & biotechnology companies, contract research organizations, research & academic institutes, and other end-users. The pharmaceutical & biotechnology companies segment accounted for 45.9% of the market share in 2023.
North America large molecule bioanalytical technologies market size recorded around USD 3.4 billion in 2023.
Large Molecule Bioanalytical Technologies Market Share
The large molecule bioanalytical technologies industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products based on different technologies is among a key market strategy. Some of the leading industry players including Charles River Laboratories International, Inc, Halo Labs Inc., Danaher Corporation among others have a notable presence in the market.
Large Molecule Bioanalytical Technologies Market Companies
Some of the eminent market participants operating in the large molecule bioanalytical technologies industry include:
Large Molecule Bioanalytical Technologies Industry News
The large molecule bioanalytical technologies market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 – 2032 for the following segments:
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Market, By Offering
Market, By Technology
Market, By Application
Market, By End-use
The above information has been provided for the following regions and countries: