Bioanalytical Testing Services

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Global Bioanalytical Testing Services Market Size, Share, Growth, Industry Trends and Forecast 2020-2030


Bioanalytical testing is an analytical process used for the analysis of biotechnological and biological products. These testing methods are majorly used for drug discovery, drug development, and commercialisation of drugs. Bioanalytical testing services include diversified areas of expertise, which aids in the development of drugs in various geographical regions and for several different therapeutic areas. Bioanalytical testing services ensure that the drugs are well synchronized with current regulatory standards. The advent of bioanalytical testing methods is likely to revolutionize the healthcare and pharmaceutical industry in the coming years. The global bioanalytical testing services market accounted 3.2 billion USD in 2020 and is expected to reach 6.8 billion USD by 2030 with a CAGR of 7.8% approximately during the forecast period.   

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Market Dynamics and Factors:

The global prevalence of chronic diseases such as HIV, cancer has attributed to the rise in demand of bioanalytical testing services. The increasing applications of bioanalytical tests in clinical trials of biomarkers, small and large molecules is another major factor driving the bioanalytical testing services market growth. Additionally, factors like increasing awareness level, intense market efforts, government initiatives, and improving accessibility has led to the higher consumption of pharmaceutical products. This in turn has propelled the market growth of bioanalytical testing and services market. However, dearth of skilled professionals for research purposes and lack of infrastructure in many regions may hinder the market growth of the bioanalytical testing and services market. Moreover, rising outbreak of highly infectious diseases like COVID-19 disease and government initiatives on healthcare has created more opportunities for the bioanalytical testing market to grow in the coming future. For instance, according to the World Health Organization, as of February 2020 more than 100000 people have been affected by COVID-19 disease out of which approximately 2600 people have died across the globe. Furthermore, majority of high selling drugs are going off patent which is again creating more opportunities for the bioanalytical testing services market to grow in the near future.

Market Segmentation:

  • Global Bioanalytical Testing Services Market – By Molecule Type

    • Small Molecule

    • Large Molecule

      • Lc-Ms Studies

      • Immunoassays

      • Others

  • Global Bioanalytical Testing Services Market – By Test Type

    • Adme

      • In-Vitro

      • In-Vivo

    • Pharmacokinetic

    • Pharmacodynamic

    • Bioavailability

    • Bioequivalence

    • Others

  • Global Bioanalytical Testing Services Market – By Geography

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • U.K.

      • France

      • Germany

      • Italy

      • Rest of Europe

    • Asia-Pacific

      • Japan

      • China

      • India

      • Australia

      • Rest of Asia Pacific

    • ROW

      • Latin America

      • Middle East

      • Africa

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Geographic Analysis:

North America is expected to dominate the global bioanalytical testing services market in terms of market share during the forecast period. The presence of a large number of key players; rising demand for bioanalytical services with a huge volume of ongoing research and clinical trials; and highly advanced and robust healthcare infrastructure are the major factors attributing towards the market dominance of the region. For instance, in February 2020, SGS SA announced that its Centre of Excellence for Biosafety laboratory offers GMP compliant vaccine testing solution for coronavirus. In 2019, the amenities of bio-safety laboratory were expanded to increase their capability and capacity to offer testing services for new viral threats using rapid and advanced testing platforms. Such strategic expansions are anticipated to have a positive impact on the bioanalytical testing market. The Asia Pacific region is anticipated to witness significant growth in the market during the forecast period. Rising investments by bioanalytical testing services companies in the region; growing number of companies relying on bioanalytical testing services, and favourable business and regulatory reforms are attributing to the expansion of the global bioanalytical testing services market in APAC region.     

Competitive Scenario:

The key players operating in the global bioanalytical testing services market are –

Particle Sciences, Charles River Laboratories, Pace Analytical Services, Toxikon Inc., LabCorp, Covance, Wuxi App Tec, Intertek Group, InVentiv Health, ICON Plc.

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How will this Market Intelligence Report Benefit You?

  1. The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.

  2. Exclusive insight into the key trends affecting the Global Bioanalytical Testing Services industry, although key threats, opportunities and disruptive technologies that could shape the Global Bioanalytical Testing Services Market supply and demand.

  3. The report tracks the leading market players that will shape and impact the Global Bioanalytical Testing Services Market most.

  4. The data analysis present in the Global Bioanalytical Testing Services Market report is based on the combination of both primary and secondary resources.

  5. The report helps you to understand the real effects of key market drivers or retainers on Global Bioanalytical Testing Services Market business.

The 2021 Annual Global Bioanalytical Testing Services Market offers:

  • 100+ charts exploring and analysing the Global Bioanalytical Testing Services Market from critical angles including retail forecasts, consumer demand, production and more

  • 15+ profiles of top producing states, with highlights of market conditions and retail trends

  • Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand

  • Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Bioanalytical Testing Services Market type

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About Us:

Decision Foresight is a market research organization known for its reliable and genuine content, market estimation and the best analysis which is designed to deliver state-of-the-art quality syndicate reports to our customers. Apart from syndicate reports, you will find the best market insights, strategies that will help in taking better business decisions on subjects that may require you to develop and grow your business-like health, science, technology and many more. At Decision Foresight, we truly believe in disseminating the right piece of knowledge to a large section of the audience and cover the in-depth insights of market leaders across various verticals and horizontals.

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