Bioanalytical Testing Services Market Outlook 2022, New Upcoming Trends| by Market Data Library

The market for bioanalytical testing services is expected to expand significantly over the forecast period of 2021 to 2031, growing at a steady annual pace of 9.1% to reach a value of $7,902.9 million. The COVID-19 pandemic's increased demand for analytical testing of biologics and biosimilars, consumers' growing preference for outsourcing analytical testing services, rising R&D spending in the pharmaceutical and biopharmaceutical industries, and the rising adoption of the Quality by Design (QbD) methodology are the main factors behind this surge.

The demand for reliable Bioanalytical Testing Services Market has increased dramatically as the pharmaceutical and biopharmaceutical industries concentrate on creating and producing biologics and biosimilars. The need for precise and trustworthy testing of biologics, such as vaccines and therapeutic antibodies, has been further highlighted by the COVID-19 pandemic. In order to guarantee the safety, effectiveness, and quality of these life-saving products, this has led to a surge in demand for bioanalytical testing services.

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Pharmaceutical and biopharmaceutical businesses are rapidly outsourcing their bioanalytical testing needs to specialised service providers in addition to the demand generated by the pandemic. By using outsourcing, businesses may access cutting-edge tools and knowledge while saving money and making the best use of their available assets. The need for bioanalytical testing services has also been boosted by the large investments made in research and development as well as the expanding use of the Quality by Design (QbD) methodology. A proactive approach to product development and manufacturing is made possible by QbD, which emphasises the importance of extensive analytical testing at every stage of the procedure.

In conclusion, it is anticipated that the market for bioanalytical testing services would expand significantly, reaching an estimated value of $7,902.9 million by 2031. The rise in demand for biologic and biosimilar analytical testing, the desire for outsourcing, the increase in R&D spending in the pharmaceutical and biopharmaceutical industries, and the adoption of the Quality by Design (QbD) approach are all factors driving the market's growth. Service providers in the bioanalytical testing industry are in a good position to meet these changing demands and advance the fields of medicine and life sciences.

Highlighted with 88 tables and 111 figures, this 193-page report “Global Bioanalytical Testing Services Market 2021-2031 by Molecule Type (Small, Large), Application (Bioavailability and Bioequivalence, PK, PD, ADME), Test Type (Cell-based, Virology, SINA, MDOV, Biomarker), Workflow Process (Sample Preparation, Sample Analysis, Others), Therapeutic Area (Oncology, Neurology, Infectious Diseases, Gastroenterology, Cardiology), End User (Pharma and Biopharma Companies, CDMOs, CROs), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global bioanalytical testing services market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

View Report Scope and Latest Developments in the Market:  https://www.marketwatch.com/press-release/global-bioanalytical-testing-services-market-2032-size-share-trends-analysis-report-by-market-data-library-2023-06-02?mod=search_headline

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global Bioanalytical Testing Services market in every aspect of the classification from perspectives of Offering, Sequencing Type, Technology, Application, End User, and Region.

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Based on Molecule Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Small Molecules
• Large Molecules

o          LC-MS Studies

o          Immunoassays

o          Other Large Molecule Tests

Based Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Bioavailability and Bioequivalence Studies
• Pharmacokinetics (PK)
• Pharmacodynamics (PD)
• Absorption, Distribution, Metabolism, Excretion (ADME)
• Other Applications

By Test Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Cell-based Assays

o          Bacterial Cell-based Assays

o          Viral Cell-based Assays

• Virology Testing

o          In Vitro Virology Testing

o          In Vivo Virology Testing

o          Species-Specific Viral PCR Assays

• Serology, Immunogenicity, and Neutralizing Antibodies (SINA)

o          Bacterial Serology, Immunogenicity, and Neutralizing Antibodies

o          Viral Serology, Immunogenicity, and Neutralizing Antibodies

• Method Development Optimization and Validation (MDOV)
• Biomarker Testing
• Pharmacokinetic Testing
• Other Test Types

By Workflow Process, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Sample Preparation

o          Protein Precipitation

o          Liquid-liquid Extraction (LLE)

• Sample Analysis

o          Hyphenated Technique

o          Chromatographic Technique

o          Electrophoresis

o          Ligand Binding Assay

o          Mass Spectrometry

o          Nuclear Magnetic Resonance

• Other Workflow Processes

By Therapeutic Area, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Oncology
• Neurology
• Infectious Diseases
• Gastroenterology
• Cardiology
• Other Therapeutic Areas

By End User, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Pharma and Biopharma Companies
• Contract Development and Manufacturing Organizations (CDMOs)
• Contract Research Organizations (CROs)

Geographically, the following regions together with the listed national/local markets are fully investigated:

• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE, Saudi Arabia, South Africa, Other Nations)

For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of key national markets by Application, Workflow Process, and Therapeutic Area over the forecast years are also included.

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The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

Charles River Laboratories International Inc.

Covance Inc.

Eurofins Scientific

ICON PLC

Intertek Group PLC

IQVIA Holdings, Inc.

Laboratory Corporation of America Holdings

Medpace Holdings, Inc.

Pace Analytical Services LLC.

Parexel International Corporation

PPD Inc.

SGS SA

Syneos Health, LLC

Toxikon Corporation

WuXi Apptech Co., Ltd.

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