Global Bioanalytical Testing Services Market

Global Bioanalytical Testing Services Market- By Molecule Type (Small Molecule and Large Molecule), By Test Type (Bioavailability and Bioequivalence Studies, Pharmacokinetics, Pharmacodynamics, Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2020-2027.

Global Bioanalytical Testing Services Market Overview:

The bioanalytical testing services market referred to the analytical method used for biological product analysis. It includes a diverse area of expertise for the development of drugs in various geography and different therapeutic areas. The testing of the drug upon accurate quantification and endogenous substances in biological samples used for illicit purposes.

Global Bioanalytical Testing Services Market Insights

The global bioanalytical testing services market expected to spur market value with USD 5.34 billion with anticipating CAGR in the forecast period from 2020-2027. The market demand for bioanalytical testing services is rising due to emerging infectious diseases such as HIV, Coronavirus, Ebolavirus, and others.

The factors that are contributing to the increasing application of bioanalytical testing are biomarkers clinical trials, small molecules, and others. Also, the increasing focus of biologics and biosimilars analytical testing is propelling the market demand. Furthermore, increasing expenditure of healthcare industry and biopharmaceutical industries.

The advancement of science and technology and evolving living standards of people have put forward new requirements in areas such as safety, health, environmental protection, technological research, product development, quality supervision, public decision-making, and public services. Thus, driving the market requirement for bioanalytical testing services.

Moreover, the rise in bioanalytical testing services has also fueled the market by the outsourcing of research and development to minimize the cost of in-house production. Thus, it created many opportunities for pharmaceutical companies in the bioanalytical testing services market.

Furthermore, the continuous advancement of new therapeutic antibodies and technologies will help in treating chronic diseases faster. Rapid biologic development to speed up clinical tests that can directly influence treatment options in cases of severe illness such as cancer.

Growth Driver

Emerging outsourcing testing demand

With emerging infectious diseases and changing healthcare infrastructure and integrated technology has propelled the demand of small pharmaceutical manufacturers and research and development activities as well. Therefore, it reduces the cost of adoption of advanced technology and the most advanced instruments and equipment. Thus, it helps in providing a rich experience to ensure that it offers high-quality services for phase research projects.

Growing R&D expenditure in pharmaceutical companies

The growth of pharmaceutical companies’ market growth is increasing due to the increasing spread of viruses and chronic diseases, which require a large investment in R&D to improve the health facilities. Moreover, the testing reagent industry is composed of upstream raw material and equipment supply, midstream R & D and production, and downstream sales and application. The upstream mainly includes manufacturers of biochemical instruments, equipment, and consumables, manufacturers of biochemical reagents.

By Molecule Type Segmental Analysis

Based on the molecule type, the global bioanalytical testing services market segment into Small Molecule and Large Molecule. The small molecule segment estimated to dominates the maximum share of the global bioanalytical testing services market. The small molecules services used to provide test methods, purity, and stability data, helping to navigate regulatory challenges to release the small molecule. Small molecules services require a highly specific chemical approach and standard purification process. Moreover, the large molecule segment will bolster the market share in the forecast period from 2020-2027. It is mainly due to the emerging presence of a massive pipeline of biologics, so amino-acid-based molecules or peptides are fueling demand for the large molecule.

By Test Type Segmental Analysis

Based on the test type, the global bioanalytical testing services market classified into Bioavailability and Bioequivalence Studies, Pharmacokinetics, Pharmacodynamics, Others. The Bioavailability and Bioequivalence Studies segment dominated the largest market share in the global bioanalytical testing services market. Bioequivalence (BE) refers to the statistical difference in the degree and speed of drug absorption between the test preparation and the control standard preparation under the same test conditions. Bioavailability studies reflect the biological standards of pharmaceutical preparations and provide direct proof of clinical efficacy. Two main drugs require bioequivalence studies. One of them includes a product that changes the dosage form and another change prescription and process.

By Region Segmental Analysis

Based on geography, the global bioanalytical testing services market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific is the world’s fastest-growing bioanalytical testing services market, accounting for the largest share in the global market. It is mainly due to the emerging disposable income, increasing healthcare structure, and increasing infectious diseases that increase the demand for the bioanalytical testing services. Thus, it propels the growth of the outsourcing of drug discovery services in the Asia Pacific.

Competitor Analysis

Companies such as Charles River, Medpace, WuXi AppTec, Eurofins Scientific, IQVIA, Inc., SGS SA, Laboratory Corporation of America Holdings, Intertek Group plc (UK), PRA Health Sciences, Syneos Health, ICON plc, Frontage Labs, PPD, Inc., PAREXEL International Corporation, Almac Group, Celerion, Altasciences, BioAgilytix Labs, Lotus Labs Pvt. Ltd., LGS Limited and others are key players in the global bioanalytical testing services market.

Key Stakeholders                                     

  • Market research and consulting firms
  • Industry associations
  • Global bioanalytical testing services manufacturing companies
  • Research organizations and consulting companies’ bioanalytical testing services
  • Regulatory bodies

The objective of the Research

  • Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
  • Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
  • Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
  • Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
  • The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.

Market Modelling

By Molecule Type

  • Small Molecules
  • Large Molecules

By Test Type

  • Bioavailability and Bioequivalence Studies
  • Pharmacokinetics
  • Pharmacodynamics
  • Others

By Region

  • Europe
  • North America
  • Asia Pacific
  • South America
  • Middle East & Africa

Global Bioanalytical Testing Services Market

Report Content

  1. Research Strategic Development
    • Market Modelling
    • Product Analysis
    • Market Trend and Economic Factors Analysis
    • Market Segmental Analysis
    • Geographical Mapping
    • Country Wise Segregation
  2. Research Methodology
    • Identification of Target Market
    • Data Acquisition
    • Refining of Data/ Data Transformations
    • Data Validation through Primary Techniques
    • Exploratory Data Analysis
    • Graphical Techniques/Analysis
    • Quantitative Techniques/Analysis
    • Visual Result/Presentation
  3. Executive Summary
  4. Market Insights
    • Economic Factor Analysis
      • Drivers
      • Trends
      • Opportunities
      • Challenges
    • Competitors & Product Analysis
    • Regulatory Framework
    • Company market share analysis, 2019
    • Porter’s Five forces analysis
    • New Investment Analysis
    • PESTEL Analysis
  5. Global Bioanalytical Testing Services Market Overview
    • Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Market Share & Forecast, 2016-2027
        • By Molecule Type
          • Small Molecules
          • Large Molecules
        • By Test Type
          • Bioavailability and Bioequivalence Studies
          • Pharmacokinetics
          • Pharmacodynamics
          • Others
        • By Region
          • Europe
          • North America
          • Asia Pacific
          • South America
          • Middle East & Africa
  1. Europe Bioanalytical Testing Services Market Overview
    • Europe Bioanalytical Testing Services Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Europe Bioanalytical Testing Services Market Share & Forecast, 2016-2027
        • By Molecule Type
          • Small Molecules
          • Large Molecules
        • By Test Type
          • Bioavailability and Bioequivalence Studies
          • Pharmacokinetics
          • Pharmacodynamics
          • Others
        • By Country
          • Germany
          • UK
          • France
          • Italy
          • Rest of Europe
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Europe Bioanalytical Testing Services Market
  1. North America Bioanalytical Testing Services Market Overview
    • North America Bioanalytical Testing Services Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • North America Bioanalytical Testing Services Market Share & Forecast, 2016-2027
        • By Molecule Type
          • Small Molecules
          • Large Molecules
        • By Test Type
          • Bioavailability and Bioequivalence Studies
          • Pharmacokinetics
          • Pharmacodynamics
          • Others
        • By Country
          • US
          • Canada
          • Mexico
        • Company Market Share (Top 3-5)
        • Economic Impact Study on North America Bioanalytical Testing Services Market
  1. Asia Pacific Bioanalytical Testing Services Overview
    • Asia Pacific Bioanalytical Testing Services Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Asia Pacific Bioanalytical Testing Services Market Share & Forecast, 2016-2027
        • By Molecule Type
          • Small Molecules
          • Large Molecules
        • By Test Type
          • Bioavailability and Bioequivalence Studies
          • Pharmacokinetics
          • Pharmacodynamics
          • Others
        • By Country
          • China
          • India
          • Japan
          • Australia
          • Rest of Asia Pacific
        • Company Market Share (Top 3-5)
        • Economic Bioanalytical Testing Services Market Overview
      • South America Bioanalytical Testing Services Market Size & Forecast, 2016-2027
        • Demand
          • By Value (USD Million)
        • South America Bioanalytical Testing Services Market Share & Forecast, 2016-2027
          • By Molecule Type
            • Small Molecules
            • Large Molecules
          • By Test Type
            • Bioavailability and Bioequivalence Studies
            • Pharmacokinetics
            • Pharmacodynamics
            • Others
          • By Country
            • Brazil
            • Argentina
            • Rest of South America
          • Company Market Share (Top 3-5)
          • Economic Impact Study on South America Bioanalytical Testing Services Market
  1. Middle East & Africa Bioanalytical Testing Services Market Overview
    • Middle East & Africa Bioanalytical Testing Services Market Size & Forecast, 2016-2027
      • Demand
        • By Value (USD Million)
      • Middle East & Africa Bioanalytical Testing Services Market Share & Forecast, 2016-2027
        • By Molecule Type
          • Small Molecules
          • Large Molecules
        • By Test Type
          • Bioavailability and Bioequivalence Studies
          • Pharmacokinetics
          • Pharmacodynamics
          • Others
        • By Country
          • Saudi Arabia
          • UAE
          • South Africa
          • Rest of Middle East & Africa
        • Company Market Share (Top 3-5)
        • Economic Impact Study on Middle East & Africa Bioanalytical Testing Services Devices Market
  1. Competitor Analysis
    • Company Description
    • Financial Analysis
    • Key Products
    • Key Management Personnel
    • Contact Address
    • SWOT Analysis
    • Company Profile
      • Charles River
      • Medpace
      • WuXi AppTec
      • Eurofins Scientific
      • IQVIA, Inc.
      • SGS SA
      • Laboratory Corporation of America Holdings
      • Intertek Group plc (UK)
      • PRA Health Sciences
      • Syneos Health
      • ICON plc
      • Frontage Labs
      • PPD, Inc.
      • PAREXEL International Corporation
      • Almac Group
      • Celerion
      • Altasciences
      • BioAgilytix Labs
      • Lotus Labs Pvt. Ltd.
      • LGS Limited
      • Other players

 

 

 

 

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