Best Prospects in the Global Bioanalytical Testing Services Market and Strategies for Growth – Includes Bioanalytical Testing Services Market Size
The Business Research Company’s report goes into great detail on the bioanalytical testing services market size and growth, bioanalytical testing services market regional analysis, bioanalytical testing services market competitive landscape, and other critical information needed to excel in the bioanalytical testing services industry.
Major players in the bioanalytical testing services market include 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.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
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%.
North America was the largest region in the bioanalytical testing services market in 2021.
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.
The rising government initiative to control infectious disease outbreaks is significantly contributing to the growth of the bioanalytical testing services market.
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 Global Bioanalytical Testing Services Market Report Is Segmented:
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: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Bioanalytical Testing Services Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the bioanalytical testing services market globally and regionally, analyzes and forecasts market size, share, bioanalytical testing services market players, bioanalytical testing services market segments, leading competitor revenues, profiles and market shares.
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