Global Bioanalytical Testing Services Market Overview And Prospects – Includes Bioanalytical Testing Services Market Size
Learn about the global bioanalytical testing services market through The Business Research Company, which provides information on bioanalytical testing services market size, bioanalytical testing services market drivers and restraints, bioanalytical testing services market players, the COVID-19 impact on the bioanalytical testing services market, and more.
The global bioanalytical testing services market size is expected to grow from $2.83 billion in 2021 to $3.12 billion in 2022 at a compound annual growth rate (CAGR) of 10.35%. The global bioanalytical testing market size is expected to grow to $4.71 billion in 2026 at a CAGR of 10.86%.
The rising government initiative to control infectious disease outbreaks is significantly contributing to the growth of the bioanalytical testing services market.
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The bioanalytical testing services market consists of sales of the bioanalytical testing services by entities (organizations, sole traders, and partnerships) that are used in the development of bioanalytical methods quantifications of analytes. These services help to detect the properties of pharmaceuticals and metabolites in biological fluids such as blood, plasma, serum, urine, or tissue extracts. The bioanalytical testing services include method development, high throughput sample analysis, method validation, and pharmacokinetic and toxicokinetic support with accuracy, selectivity, precision, and stability.
Global Bioanalytical Testing Services Market Segments Include:
By Test Type: ADME (Absorption, Distribution, Metabolism, and Excretion), Pharmacokinetic, Pharmacodynamic, Bioequivalence, Bioavailability
By Molecule Type: Small Molecules, Large Molecules
By End-User: Pharmaceutical and Biopharmaceutical Companies, Contract Development and Manufacturing Organizations, Contract Research Organizations
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the bioanalytical testing services market in 2021.
Product innovation is the key trend gaining popularity in the bioanalytical testing services market. Key players operating in the bioanalytical testing services market are focusing on developing technologically innovative testing products to strengthen their position in the market.
TBRC’s bioanalytical testing services market report covers:
Major Market Players: Charles River Laboratories International Inc., WuXi AppTec, PPD Inc., ICON plc, SGS SA, Laboratory Corporation of America HoldingsLabcorp Drug Development, Intertek Group plc, PRA Health Sciences, Syneos Health, Celerion, Altasciences, BioAgilytix Labs, Lotus Labs Pvt. Ltd., LGS Limited, Absorption Systems LLC, and CD BioSciences Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Bioanalytical Testing Services Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides bioanalytical testing services market overviews, analyzes and forecasts market size, share, bioanalytical testing services market players, bioanalytical testing services market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s bioanalytical testing services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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