How Big is the Bioanalytical Testing Services Market?

Bioanalytical testing refers to a branch of analytical chemistry that involves the quantitative measurement of drugs and metabolites present in multiple biological fluids, such as blood, plasma, serum, urine, or tissue extracts. It includes cell-based assays, in vitro or vivo virology testing, method development, optimization and validation, and immunogenicity as common service types. These testing methods ensure results that validate accuracy, precision, and stability. Consequently, bioanalytical testing services find extensive applications in pharmacology, bioavailability, bioequivalence, pharmacokinetic, and toxicological research.

Market Trends: 

The increasing demand for effective biopharmaceutical products and the growing acceptance of biosimilars and generics are majorly driving the bioanalytical testing services market growth. In line with this, the rising prevalence of chronic diseases, such as diabetes and cancer, coupled with the growing pre-clinical and clinical trials for developing new drugs, are creating a positive outlook for the market. Additionally, the widespread adoption of the quality by design approach (QbD) by biotechnology companies to ensure product quality and improve their manufacturing processes is impelling the market growth. Besides this, the sudden outbreak of the COVID-19 pandemic intensified investments in research and development (R&D) activities to formulate effective treatments for early detection and screening of disease, which is aiding in the market expansion.

IMARC Group has recently released a new research study titled "Bioanalytical Testing Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global bioanalytical testing services market reached a value of US$ 2.56 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.90 Billion by 2027, exhibiting a CAGR of 11.31% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Bioanalytical Testing Services Market Report


Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

Request a Free PDF Sample of the Report: https://www.imarcgroup.com/bioanalytical-testing-services-market/requestsample

Key Companies in Bioanalytical Testing Services Market:

  • Almac Group
  • Charles River Laboratories International Inc.
  • Frontage Laboratories Inc.
  • ICON plc
  • Intertek Group plc
  • Laboratory Corporation of America Holdings
  • Pace Analytical Services LLC
  • PPD Inc.
  • PRA Health Sciences
  • SGS SA
  • Syneos Health
  • Toxikon Corporation

Key Market Segmentation:

The report has segmented the market into the following categories: 

Breakup by Molecule Type:

  • Small Molecule
  • Large Molecule

Breakup by Test Type:

  • ADME
  • PK
  • PD
  • Bioavailability
  • Bioequivalence
  • Others

Breakup by Workflow:

  • Sample Preparation
  • Sample Analysis
  • Others

Breakup by Region:

  • North America
  • Asia-Pacific
  • India
  • Europe
  • Latin America
  • Middle East and Africa

Ask Analyst for 10% free customized report: https://www.imarcgroup.com/request?type=report&id=4137&flag=C

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.   

Contact Us:
IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
Read Newsletter: https://www.linkedin.com/newsletters/industry-news-about-6929400456628637696

 

Comments

Post a Comment

Popular posts from this blog

Vertical Farming Market- High Investment in the Vertical Farming

Image
GLOBAL VERTICAL FARMING MARKET  By Component ·          Hardware o     Lighting §   Grow Lights §   Grow Light Reflectors §   Grow Light Ballasts o     Hydroponic Components §   Pumps and Irrigation §   Meters and Solutions §   Water Filters §   Others (includes Timer and Delivery System) o     Climate Control §   Ventilation Fans §   Air Purification/ Control §   Others (includes Condenser and HVAC System) o     Sensors §   Temperature Sensors §   CO2 Sensors §   Nutrient Sensors §   PH Sensors §   Crop Sensors §   Others (Biosensors and Electronics Nose) ·          Software Global  vertical farming market  is expected to reach $6,372.5 million by 2023, witnessing CAGR of 24.2% on account of increasing awareness levels among consumers and rising disposable income, leading to the consumption of high value crops. Adoption of organic foods, rising urban population, growing focus towards efficient production of fresh fruits and vegetabl
Read more

CBD Oil Market Assess the Trends, Opportunities and Competition in the Market

Image
With its plethora of health benefits and close association with cannabis or marijuana, as it is popularly known, cannabidiol (CBD) oil is one such controversial substance that makes doctors and medical researchers come face to face with the conservative figureheads of the society. However, with growing public awareness and government support, the stigma associated with CBD oil is rapidly going away and the product is finding more and more consumers all over the world. In the recent times, many countries such as the U.S. and Canada have legalized the usage of the compound and in the coming years, many more will follow. Several countries in Asia-Pacific (APAC), Europe, and Latin America (LATAM) such as the U.K., Norway, Spain, South Korea, Thailand, Japan, Mexico, South Africa, and Brazil have followed the U.S. and Canada and allowed the complete or partial sale of various cannabidiol-containing items in the last few years. Request to Get the Sample Report@  https://www.psmarketrese
Read more

Automotive HMI Market Opportunities, Trends, Growth Analysis | Forecast – 2030

Image
According to a report by P&S Intelligence, the global automotive HMI market is projected to generate a revenue of $55,318.4 million by 2030, increasing from $18,822.3 million in 2019, progressing at a 10.8% CAGR during the forecast period (2020–2030). The market is registering growth due to the advancements in the augmented reality, connectivity, virtual reality, and IoT technologies and the incorporation of these technologies in HMI solutions. Moreover, the swift digitization is also predicted to result in the growth of the market. Geographically, Asia-Pacific (APAC) dominated the market in 2019, in terms of value, due to the higher sales of passenger cars in the region in comparison to other regions. As the spending power of consumers is rising, the adoption of HMI-equipped vehicles is projected to rise as well. In addition to this, the Chinese automotive domain is registering considerable growth in the demand and sales of premium cars, which is further leading to the growth of
Read more