According to the latest report by IMARC Group, titled “Bioanalytical Testing Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global bioanalytical testing services market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 10% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Bioanalytical testing services are used to quantitatively determine metabolites and drugs in various biological matrices, such as serum, blood, plasma, tissue, and urine. They are primarily employed in the early drug development phase and clinical trials to validate analytes, demonstrate precision, stability, and selectivity. Bioanalytical testing services are extensively applied in pharmacology, toxicology, pharmacokinetic, and bioavailability studies.
The global bioanalytical testing services market is majorly being driven by the rising prevalence of chronic diseases and the increasing preference for personalized medical treatments. Amidst the global outbreak of the coronavirus disease (COVID-19), governments of various nations are increasingly using these services to provide point-of-care (POC) diagnostic and develop effective vaccines, which is further contributing to the market growth. Additionally, the rising healthcare expenditure and the incorporation of various innovative techniques in sample preparation are catalyzing the market growth. Other factors, including the emerging trend of outsourcing laboratory testing services and the adoption of quality-by-design approaches in pharmaceutical research, are creating a positive outlook for the market.
Bioanalytical Testing Services Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global bioanalytical testing services market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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 global bioanalytical testing services market on the basis of molecule type, test type, Workflow and region.
Breakup by Molecule Type:
- Small Molecule
- Large Molecule
Breakup by Test Type:
Breakup by Workflow:
- Sample Preparation
- Sample Analysis
Breakup by Region:
- North America
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- 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.
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