Bioanalytical testing services market is anticipated to grow at a CAGR of 10.6% during the forecast period. Bioanalytics is an important tool in drug discovery and development for analysing the concentration of drugs and their metabolites as well as various pharmacodynamic biomarkers in biological fluids. Bioanalytical testing services are used to measure the levels of various biomolecules in the sample. These tests are often used to diagnose and monitor diseases, and to evaluate the effectiveness of treatments. Bioanalytical tests can be performed on blood, urine, or other body fluids, and can measure the levels of proteins, enzymes, hormones, and other biomolecules. When a new drug is introduced bioanalytical testing results constitute the foundational block toward drug approval by FDA.
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Moreover, the rising prevalence of chronic diseases and the increasing frequency of outsourcing R&D activities by the major pharmaceutical companies are some key factors driving the demand for bioanalytical testing services. Innovation and new product developments are expected to further boost the demand for these services. For instance, in June 2022, Waters Corp. announced a collaboration with BioInfra, a pioneering contract research organization company for the pharmaceutical and clinical fields, to jointly establish the ASEAN Academy for Bioanalysis. The academy is dedicated to providing scientists with the hands-on knowledge required to design and perform a variety of bioanalytical methods, which are vital throughout every stage of drug discovery and development.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Bioanalytical Testing Services Market by Molecule
- Large Molecule
- Small Molecule
Global Bioanalytical Testing Services Market by Test
- Pharmacokinetic Test
- Pharmacodynamic Test
- Bioequivalence Test
- Bioavailability Test
- ADME Test
Global Bioanalytical Testing Services Market by Application
- Oncology
- Neurology
- Infectious Diseases
- Gastroenterology
- Cardiology
- Others
Global Bioanalytical Testing Services Market by End-User
- Pharmaceutical and Biotech Companies
- Contract Development and Manufacturing Organizations
- Contract Research Organizations
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Absorption Systems LLC
- Almac Group
- Bioneeds India Pvt. Ltd.
- CD BioSciences
- Covance, Inc.
- ICON plc
- Intertek Group Plc
- Laboratory Corporation of America Holdings
- Pace Analytical Services LLC
- Parexel International Corp.
- PPD, Inc.
- Sartorius AG
- Syneos Health
- Toxikon
- Vipragen Biosciences Private Ltd.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global bioanalytical testing services market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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