The Bioanalytical Testing Services Market Research Report offers a comprehensive and insightful analysis of the current trends, opportunities, challenges, and growth prospects within the Bioanalytical Testing Services Market. This meticulously crafted report provides a deep understanding of the market dynamics by examining key market indicators, such as market size, share, and growth rate. Through rigorous data collection and thorough analysis, the report presents valuable information on the competitive landscape, industry segments, and emerging market players.
Moreover, the Bioanalytical Testing Services Market Research Report delves into the macroeconomic factors, regulatory environment, and technological advancements that are shaping the market’s trajectory. It offers strategic insights to businesses, investors, and stakeholders by highlighting potential investment areas, market entry strategies, and innovative approaches to gain a competitive edge. The report’s findings are presented in a clear and concise manner, enriched with graphical representations and statistical data, aiding readers in making well-informed decisions.
The Bioanalytical Testing Services Market involves specialized laboratories and companies that offer testing and analysis services for pharmaceutical and biotechnological products. These services play a crucial role in drug development, ensuring the safety, efficacy, and quality of drugs by analyzing biological samples and assessing drug concentration levels in clinical trials.
According to the new market research report “Bioanalytical Testing Services Market by Type, Application (Oncology, Neurology, Infectious Diseases, Gastroenterology, Cardiology), End User and Region (North America, Europe, APAC, Latin America, MEA) – Global Forecast to 2027”
The global bioanalytical testing services market size in terms of revenue was estimated to be worth $2.9 billion in 2022 and is poised to reach $6.0 billion by 2027, growing at a CAGR of 15.6% from 2022 to 2027.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=12254971
Driver: Rising focus on the analytical testing of biologics and biosimilars
Biologics represent one of the most promising new therapeutic areas and are becoming increasingly important in the pharmaceutical market; around 800 products are in the pipeline at present. One of the key reasons for this is the rising prevalence of chronic diseases. However, considering the high cost of biologics and the rising focus of various governments on reducing healthcare costs, the focus on biosimilars has increased in recent years. The impending expiry of the patents and exclusivity periods of biologics have also created opportunities for the development of follow-on biologics or biosimilars. According to GaBi, twelve biologics, with global sales of more than USD 67 billion, are scheduled to go off-patent in major markets by 2020, with more biologics likely to follow.
Key players in the bioanalytical testing services market include Charles River (US), Medpace (US), WuXi AppTec (China), Eurofins Scientific (Luxembourg), IQVIA (US), SGS SA (Switzerland), Laboratory Corporation of America Holdings (US), Intertek Group (UK), Syneos Health (US), ICON (Ireland), Frontage Labs (US), PPD (US), PAREXEL International Corporation (US), Almac Group (UK), Celerion (US), Altasciences (US), BioAgilytix Labs (US), Lotus Labs (India), LGS Limited (UK), Sartorius AG (Germany), CD BioSciences (US), Absorption Systems LLC (US), Pace Analytical Services (US), Bioneeds India Private Limited (India) and Vipragen Biosciences (India).
- To provide detailed information regarding the major factors (such as drivers, restraints, opportunities, and challenges) influencing the market growth
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
- To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To strategically analyze the market structure and profile the key players of the market and comprehensively analyze their core competencies
- To forecast the size of the market segments with respect to four regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.marketsandmarkets.com/Market-Reports/bioanalytical-testing-services-market-12254971.html
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines — TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies -helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, and facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn, and Facebook.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062