Bioanalytical Testing Services Market, By Method Type, By Test Type, By Geography

Description

Global bioanalytical testing services market is estimated to be valued at USD 3.95 Bn in 2024 and is expected to reach USD 7.70 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 10% from 2024 to 2031.

Figure 1. Bioanalytical Testing Services Market Share (%), By Region, 2024

Bioanalytical Testing Services Market - IMG1

Bioanalytical testing services play a crucial role in the drug development and approval process. These evaluate the biological activity, concentration and safety of drugs through analytical techniques like immunoassays and liquid chromatography-mass spectrometry. Innovating biopharmaceutical industry can boost demand for reliable and efficient bioanalytical testing services. Several blockbuster drugs undergoing clinical trials require extensive bioanalysis to establish proof of concepts, investigate pharmacokinetics and assess bioavailability. This is expected to drive the global bioanalytical testing services market growth in the near future.

Market Dynamics:

Global bioanalytical testing services market has been witnessing strong growth due to factors like rising R&D investments in pharmaceutical and biotechnology sectors, growing clinical trial activities and stringent regulatory guidelines for drug approval. The complex dynamics of novel drug molecules has also boosted demand for specialized bioanalysis using techniques like LC-MS/MS for accurate quantification and detailed pharmacokinetic evaluation. However, high costs associated with bioanalytical testing, scarcity of skilled professionals and lack of harmonization across global regulatory guidelines can hamper the market growth. O Growing outsourcing of bioanalysis by biopharma firms to specialized contract service providers can offer new growth opportunities.

Key Features of the Study:

This report provides in-depth analysis of the global bioanalytical testing services market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global bioanalytical testing services market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Charles River, IQVIA, Covance, Intertek Group plc, PPD, Eurofins Scientific etc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global bioanalytical testing services market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global bioanalytical testing services market

Detailed Segmentation-

By Method Type
- Small Molecules
- Large Molecules
By Test Type
- Bioavailability and BioequivalenceStudies
- Pharmacokinetics
- Pharmacodynamics
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Company Profiles:
- Thermo Fisher Scientific Inc (PPD, Inc.)
- Icon Plc
- Charles River Laboratories International
- Covance, Inc.
- IQVIA
- Syneos Health
- SGS SA
- Labcorp (Toxikon)
- Intertek Group Plc
- Pace Analytical Services LLC
- Pharmaceutical Product Development LLC
- Laboratory Corporation Of America Holdings
- Toxikon Corporation
- Wuxi Apptec Co. Ltd S
- Frontage Labs
- Eurofins Scientific

Product Code: CMI5384

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snapshot, By Method Type
- Market Snapshot, By Test Type
- Market Snapshot, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Opportunities
Impact Analysis
Market Trends
Key Developments
Regulatory Scenario
Acquisitions and Partnerships Scenario
Funding and Investments
PEST Analysis
Porter's Analysis

4. Global Bioanalytical Testing Services Market - Impact of Coronavirus (COVID-19) Pandemic

Overall Impact
Government Initiatives
COVID-19 Impact on the Market

5. Global Bioanalytical Testing Services Market, By Method Type, 2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Small Molecules
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Large Molecules
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Global Bioanalytical Testing Services Market, By Test Type, 2019 - 2031, (USD Bn)

Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Bioavailability and Bioequivalence Studies
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Pharmacokinetics
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Pharmacodynamics
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Other Test Types
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

7. Global Bioanalytical Testing Services Market, By Region, 2019 - 2031, (USD Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
- Regional Trends
  - North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Method Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Test Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Method Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Test Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - Brazil
  - Mexico
  - Argentina
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Method Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Test Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Method Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Test Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Method Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Test Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Bn)
  - GCC
  - Israel
  - Rest of Middle East
  - Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Method Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Test Type, 2019 - 2031, (USD Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 - 2031, (USD Bn)
  - North Africa
  - Central Africa
  - South Africa

8. Competitive Landscape

Company Profiles
- Thermo Fisher Scientific Inc (PPD, Inc.)
  - Company Highlights
  - Method Portfolio
  - Key Highlights
  - Financial Performance
  - Market Strategies
- ICON Plc
- Charles River Laboratories International
- Covance, Inc.
- IQVIA
- Syneos Health
- SGS SA
- Labcorp (Toxikon)
- Intertek Group Plc
- Pace Analytical Services LLC
- Pharmaceutical Product Development LLC
- Laboratory Corporation of America Holdings
- Toxikon Corporation
- Wuxi Apptec Co. Ltd
- Frontage Labs
- Eurofins Scientific

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. References and Research Methodology

References
Research Methodology
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