North America Life Sciences Translation Services Market Size & Outlook
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North America life sciences translation services market highlights
- The North America life sciences translation services market generated a revenue of USD 669.0 million in 2023.
- The market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, technical translation was the largest revenue generating type in 2023.
- Clinical/Document Translation is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 669.0 million |
| Market revenue in 2030 | USD 1,143.9 million |
| Growth rate | 8% (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, North America region accounted for 46.1% of the global life sciences translation services market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 491.3 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/ |
North America 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 39.49% in 2023. Horizon Databook has segmented the North America 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.
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Target buyers of North America 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 continent-level data and insights on the North America life sciences translation services market , including forecasts for subscribers. This continent databook contains high-level insights into North America life sciences translation services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America life sciences translation services market size, by country, 2018-2030 (US$M)
North America Life Sciences Translation Services Market Outlook Share, 2023 & 2030 (US$M)
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