Report Description

  

Forecast Period

2025-2029

Market Size (2023)

USD 4.52 billion

CAGR (2024-2029)

5.25%

Market Size (2029)

USD 6.16 billion

Fastest Growing Segment

Cell-Based Assays

Largest Market

North America

          


Market Overview

Global Bioanalytical Testing Services Market was valued at USD 4.52 Billion in 2023 and is anticipated to project steady growth in the forecast period with a CAGR of 5.25% through 2029. Bioanalytical testing services play a pivotal role in the pharmaceutical and biotechnology industries, providing essential insights into the safety, efficacy, and quality of drugs and other biopharmaceutical products. The global bioanalytical testing services market has witnessed significant growth in recent years, fueled by advancements in biotechnology, increasing drug development activities, and a growing emphasis on regulatory compliance. The bioanalytical testing services market encompasses a range of analytical techniques used to quantify and analyze biomolecules such as proteins, nucleic acids, and metabolites in biological samples. These services are integral to drug development processes, ensuring that pharmaceutical products meet regulatory standards and are safe for human use.

Key Market Drivers

Global Expansion of Biopharmaceutical Manufacturing 

The biopharmaceutical industry has witnessed remarkable growth in recent years, driven by advancements in biotechnology and a surge in demand for innovative therapies. This expansion has not only resulted in increased production of biopharmaceuticals but has also fueled the need for comprehensive bioanalytical testing services. As the global biopharmaceutical manufacturing landscape continues to evolve, the bioanalytical testing services market is experiencing a parallel surge, providing crucial support to the industry. Biopharmaceuticals, which include therapeutic proteins, monoclonal antibodies, and nucleic acid-based drugs, have become integral to modern medicine. Their ability to target specific disease mechanisms with high precision has led to a surge in research and development activities. Consequently, biopharmaceutical manufacturing has witnessed a significant expansion globally to meet the growing demand for these innovative therapies.

Bioanalytical testing services play a pivotal role in ensuring the safety, efficacy, and quality of biopharmaceutical products. These services encompass a wide range of analytical techniques, including chromatography, mass spectrometry, immunoassays, and molecular biology techniques, to analyze biological samples and drug products. The global bioanalytical testing services market has seen a substantial boost due to the increasing complexity of biopharmaceuticals and the stringent regulatory requirements governing their development and commercialization. The development of advanced biopharmaceuticals, such as gene therapies and personalized medicines, has increased the complexity of the manufacturing process. Bioanalytical testing services are crucial for characterizing and validating these complex molecules, ensuring their safety and efficacy.

Regulatory authorities worldwide have implemented stringent guidelines for the approval of biopharmaceutical products. Bioanalytical testing services are essential for meeting these regulatory requirements, including the assessment of pharmacokinetics, immunogenicity, and bioequivalence. The globalization of clinical trials has become a prominent trend in the biopharmaceutical industry. As companies expand their research and development activities to different regions, the demand for bioanalytical testing services has grown to support the diverse and global nature of these trials. Many biopharmaceutical companies are outsourcing bioanalytical testing services to specialized contract research organizations (CROs) to leverage their expertise and infrastructure. This trend has contributed significantly to the growth of the global bioanalytical testing services market.

Rising Research & Development Activities in Pharmaceutical and Biotechnology Industries 

The pharmaceutical and biotechnology industries have long been at the forefront of scientific breakthroughs, striving to develop innovative therapies and solutions to address various health challenges. In recent years, there has been a significant surge in research and development (R&D) activities within these sectors, driving the demand for bioanalytical testing services. These services play a crucial role in ensuring the safety, efficacy, and quality of pharmaceutical products, ultimately shaping the landscape of the global bioanalytical testing services market. The pharmaceutical and biotechnology industries have witnessed unprecedented growth in R&D investments, fueled by advancements in technology, increasing prevalence of chronic diseases, and a growing global population. Researchers and companies are focusing on the discovery and development of novel drugs, biologics, and personalized medicine, necessitating rigorous testing procedures to meet regulatory standards.

As the complexity of drug development increases, so does the need for comprehensive bioanalytical testing services. These services encompass a range of techniques to analyze biological samples, such as blood, urine, and tissues, to quantify the presence of drugs, metabolites, and biomarkers. Bioanalytical testing is crucial at various stages of drug development, including preclinical and clinical trials, ensuring that potential therapies meet stringent safety and efficacy criteria. The pharmaceutical and biotechnology industries are witnessing a surge in drug development pipelines, with a focus on specialty drugs, biologics, and targeted therapies. As a result, there is a growing demand for bioanalytical testing services to support the development and approval of these innovative treatments.

Regulatory authorities worldwide, such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA), enforce strict guidelines for the approval of new drugs. Compliance with these regulations necessitates extensive bioanalytical testing to demonstrate the safety, efficacy, and quality of pharmaceutical products. Technological advancements in analytical instruments and methodologies have enhanced the capabilities of bioanalytical testing services. High-performance liquid chromatography (HPLC), mass spectrometry, and immunoassays are among the cutting-edge technologies employed for precise and sensitive analysis of biological samples. Many pharmaceutical and biotechnology companies are outsourcing bioanalytical testing services to specialized contract research organizations (CROs) to streamline operations, reduce costs, and access specialized expertise. This trend is further propelling the growth of the global bioanalytical testing services market.

 


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Key Market Challenges

Cost Pressures

The bioanalytical testing services market is heavily reliant on cutting-edge technologies and sophisticated instrumentation for accurate and reliable results. The continuous need for upgrades and the adoption of new technologies contribute to rising costs for service providers. Maintaining state-of-the-art equipment and ensuring that the staff is proficient in operating these technologies add to the financial burden. Regulatory bodies, such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA), impose stringent requirements on bioanalytical testing services to ensure the safety and efficacy of pharmaceutical products. Compliance with these regulations necessitates significant investments in quality assurance, documentation, and validation processes, which can strain the financial resources of service providers. The bioanalytical testing services market demands a highly skilled and trained workforce to conduct intricate analyses and interpret results accurately. Recruiting and retaining such professionals incur substantial costs. Additionally, continuous training programs are essential to keep the workforce updated on the latest methodologies and regulatory changes, contributing to the overall expenditure.

The storage and management of biological samples, including their preservation under controlled conditions, present a considerable financial challenge. This includes the costs associated with specialized facilities, security measures, and compliance with regulatory guidelines governing the storage of sensitive samples. Economic fluctuations and currency exchange rates can impact the cost of sourcing equipment, reagents, and consumables. The bioanalytical testing services market, being globally interconnected, is susceptible to economic challenges, making it difficult for service providers to predict and control costs effectively.

Key Market Trends 

Technological Advancements

The field of bioanalytical testing services has witnessed a significant surge in demand and growth in recent years, thanks to rapid technological advancements. As technology continues to evolve, the global bioanalytical testing services market is experiencing a transformative phase, with innovative tools and methodologies enhancing the efficiency and accuracy of bioanalysis. One of the primary drivers of the bioanalytical testing services market is the continuous evolution of analytical instrumentation. Cutting-edge technologies such as mass spectrometry, liquid chromatography, and nuclear magnetic resonance spectroscopy have revolutionized the way bioanalysis is conducted. These advanced instruments provide higher sensitivity, resolution, and throughput, allowing for more precise and efficient analysis of biological samples.

Automation has played a pivotal role in the growth of bioanalytical testing services. The integration of robotics and automated systems has streamlined sample preparation, data acquisition, and analysis processes. High-throughput screening techniques enable the simultaneous analysis of multiple samples, significantly increasing the speed at which bioanalytical data can be generated. This not only enhances efficiency but also reduces the likelihood of errors, making bioanalytical testing services more reliable and reproducible. Next-generation sequencing (NGS) technologies have brought about a paradigm shift in genomics and molecular biology. NGS allows for the rapid and cost-effective sequencing of entire genomes, enabling comprehensive analysis of DNA, RNA, and proteins. In the context of bioanalytical testing services, NGS has expanded the scope of biomarker discovery, pharmacogenomics, and personalized medicine. The ability to sequence genetic material at unprecedented speeds has opened up new avenues for understanding diseases, predicting treatment responses, and advancing precision medicine.

The incorporation of artificial intelligence (AI) and machine learning (ML) into bioanalytical testing services has been a game-changer. These technologies enable the analysis of vast datasets with speed and accuracy, leading to more informed decision-making. In bioanalytical testing, AI and ML algorithms can assist in data interpretation, pattern recognition, and predictive modeling. This not only accelerates the analysis process but also enhances the overall reliability of results. The pharmaceutical industry's growing emphasis on generic and biosimilar drug development has driven an increased demand for bioanalytical testing services. Regulatory authorities require rigorous bioequivalence and bio similarity studies to ensure the safety and efficacy of generic and biosimilar products. Bioanalytical testing services play a crucial role in conducting these studies, evaluating the pharmacokinetics and pharmacodynamics of test compounds in comparison to reference drugs.

Segmental Insights

Type Insights

Based on the category of type, Cell-based Assays emerged as the dominant segment in the global market for Bioanalytical Testing Services in 2023. Cell-based assays allow researchers to study drug responses in a more physiologically relevant environment. By utilizing live cells, these assays provide insights into how drugs interact with cellular components, helping predict their behavior in the human body more accurately. Cell-based assays find applications across various stages of drug development, from early screening to toxicity testing. Their versatility enables researchers to assess drug efficacy, identify potential side effects, and optimize formulations.

These assays offer high sensitivity and specificity, allowing for the detection of subtle changes in cellular responses. This is crucial for identifying potential safety concerns and ensuring the development of effective therapeutic agents. Advances in automation have enabled the implementation of high-throughput screening using cell-based assays. This accelerates the drug discovery process, allowing researchers to test large compound libraries efficiently.

Applications Insights

The Oncology segment is projected to experience rapid growth during the forecast period. Oncology has become a key area of focus within the bioanalytical testing services market due to the increasing prevalence of cancer worldwide. The relentless pursuit of more effective cancer treatments has led to a surge in research and development activities, driving the demand for bioanalytical testing services. These services are instrumental in understanding the pharmacokinetics of anti-cancer drugs, monitoring their concentration levels in the body, and evaluating their effectiveness in targeting cancer cells.

The global burden of cancer has been steadily increasing, with new cases diagnosed each year. This surge in cancer incidence has propelled the demand for innovative oncology drugs, necessitating extensive bioanalytical testing to ensure their safety and efficacy. The shift towards precision medicine, which tailors treatment plans based on an individual's genetic makeup, has led to the development of targeted therapies for specific types of cancer. Bioanalytical testing services play a crucial role in optimizing and personalizing these treatments, ensuring that they are effective for the intended patient population.


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Regional Insights

North America emerged as the dominant segment in the global Bioanalytical Testing Services market in 2023, holding the largest market share in terms of value. North America boasts a robust research and development infrastructure, with leading pharmaceutical and biotechnology companies headquartered in the region. The presence of state-of-the-art laboratories equipped with cutting-edge technologies enhances the capabilities of bioanalytical testing services. The region's regulatory bodies, such as the U.S. Food and Drug Administration (FDA) and Health Canada, have implemented stringent guidelines to ensure the safety and efficacy of pharmaceutical products. Compliance with these regulations is essential for market approval, driving the demand for high-quality bioanalytical testing services.

Recent Developments

  • In November of 2023, Resolian achieved a successful acquisition of Denali Medpharma, a leading bioanalytical Contract Research Organization (CRO) situated in China. This strategic move has enabled Resolian to broaden its bioanalysis laboratory activities, now encompassing facilities not only in China but also in the United States, the United Kingdom, and Australia.
  • In September 2023, Cerba HealthCare finalized the acquisition of CIRION BioPharma Research, a Canadian contract research laboratory. This move aimed to strengthen bioanalytical capabilities and simplify the implementation of intricate clinical trials.

Key Market Players

  • Thermo Fisher Scientific, Inc.
  • ICON plc
  • Charles River Laboratories International, Inc.
  • Covance, Inc. (Labcorp Drug Development)
  • IQVIA Inc
  • Syneos Health Inc
  • SGS S.A.
  • Intertek Group Plc
  • Pace Analytical Services, LLC

By Type

By Application

By End User

By Region

  • Cell-based Assays
  • Bacterial cell-based assays
  • Viral cell-based assays
  • Virology Testing
  • In Vitro Virology Testing
  • In Vivo Virology Testing
  • Species-specific Viral PCR Assays Method Development
  • Optimization and Validation
  • Serology
  • Immunogenicity, and Neutralizing Antibodies
  • Biomarker Testing
  • Pharmacokinetic Testing
  • Other Services
  • Oncology
  • Neurology
  • Infectious Diseases
  • Gastroenterology
  • Cardiology
  • Other Applications
  • Pharmaceutical and Biopharmaceutical Companies 
  • Contract Development and Manufacturing Organizations
  • Contract Research Organizations
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Bioanalytical Testing Services Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Bioanalytical Testing Services Market, By Type:

o   Cell-based Assays

o   Bacterial cell-based assays

o   Viral cell-based assays

o   Virology Testing

o   In Vitro Virology Testing

o   In Vivo Virology Testing

o   Species-specific Viral PCR Assays Method Development

o   Optimization, and Validation

o   Serology

o   Immunogenicity and Neutralizing Antibodies

o   Biomarker Testing

o   Pharmacokinetic Testing

o   Other Services

  • Bioanalytical Testing Services Market, By Application:

o   Oncology

o   Neurology

o   Infectious Diseases

o   Gastroenterology

o   Cardiology

o   Other Applications

  • Bioanalytical Testing Services Market, By End User:

o   Pharmaceutical and Biopharmaceutical Companies

o   Contract Development and Manufacturing Organizations

o   Contract Research Organizations

  • Bioanalytical Testing Services Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Bioanalytical Testing Services Market.

Available Customizations:

Global Bioanalytical Testing Services market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Bioanalytical Testing Services Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validations

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Bioanalytical Testing Services Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type (Cell-based Assays, Bacterial cell-based assays, Viral cell-based assays, Virology Testing, In Vitro Virology Testing, In Vivo Virology Testing, Species-specific Viral PCR Assays Method Development, Optimization, and Validation, Serology, Immunogenicity, and Neutralizing Antibodies, Biomarker Testing, Pharmacokinetic Testing, Other Services)

5.2.2.    By Application (Oncology, Neurology, Infectious Diseases, Gastroenterology, Cardiology, Other Applications)

5.2.3.    By End User (Pharmaceutical and Biopharmaceutical Companies, Contract Development and Manufacturing Organizations, Contract Research Organizations)

5.2.4.    By Region

5.2.5.    By Company (2023)

5.3.  Market Map

5.3.1.    By Type

5.3.2.    By Application

5.3.3.    By End User

5.3.4.    By Region

6.    North America Bioanalytical Testing Services Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type

6.2.2.    By Application

6.2.3.    By End User

6.2.4.    By Country

6.2.4.1.        United States Bioanalytical Testing Services Market Outlook

6.2.4.1.1.           Market Size & Forecast        

6.2.4.1.1.1.               By Value

6.2.4.1.2.           Market Share & Forecast

6.2.4.1.2.1.               By Type

6.2.4.1.2.2.               By Application

6.2.4.1.2.3.               By End User

6.2.4.2.        Canada Bioanalytical Testing Services Market Outlook

6.2.4.2.1.           Market Size & Forecast        

6.2.4.2.1.1.               By Value

6.2.4.2.2.           Market Share & Forecast

6.2.4.2.2.1.               By Type

6.2.4.2.2.2.               By Application

6.2.4.2.2.3.               By End User

6.2.4.3.        Mexico Bioanalytical Testing Services Market Outlook

6.2.4.3.1.           Market Size & Forecast        

6.2.4.3.1.1.               By Value

6.2.4.3.2.           Market Share & Forecast

6.2.4.3.2.1.               By Type

6.2.4.3.2.2.               By Application

6.2.4.3.2.3.               By End User

7.    Europe Bioanalytical Testing Services Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Application

7.2.3.    By End User

7.2.4.    By Country

7.2.4.1.        France Bioanalytical Testing Services Market Outlook

7.2.4.1.1.           Market Size & Forecast        

7.2.4.1.1.1.               By Value

7.2.4.1.2.           Market Share & Forecast

7.2.4.1.2.1.               By Type

7.2.4.1.2.2.               By Application

7.2.4.1.2.3.               By End User

7.2.4.2.        Germany Bioanalytical Testing Services Market Outlook

7.2.4.2.1.           Market Size & Forecast        

7.2.4.2.1.1.               By Value

7.2.4.2.2.           Market Share & Forecast

7.2.4.2.2.1.               By Type

7.2.4.2.2.2.               By Application

7.2.4.2.2.3.               By End User

7.2.4.3.        United Kingdom Bioanalytical Testing Services Market Outlook

7.2.4.3.1.           Market Size & Forecast        

7.2.4.3.1.1.               By Value

7.2.4.3.2.           Market Share & Forecast

7.2.4.3.2.1.               By Type

7.2.4.3.2.2.               By Application

7.2.4.3.2.3.               By End User

7.2.4.4.        Italy Bioanalytical Testing Services Market Outlook

7.2.4.4.1.           Market Size & Forecast        

7.2.4.4.1.1.               By Value

7.2.4.4.2.           Market Share & Forecast

7.2.4.4.2.1.               By Type

7.2.4.4.2.2.               By Application

7.2.4.4.2.3.               By End User

7.2.4.5.        Spain Bioanalytical Testing Services Market Outlook

7.2.4.5.1.           Market Size & Forecast        

7.2.4.5.1.1.               By Value

7.2.4.5.2.           Market Share & Forecast

7.2.4.5.2.1.               By Type

7.2.4.5.2.2.               By Application

7.2.4.5.2.3.               By End User

8.    Asia Pacific Bioanalytical Testing Services Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Application

8.2.3.    By End User

8.2.4.    By Country

8.2.4.1.        China Bioanalytical Testing Services Market Outlook

8.2.4.1.1.           Market Size & Forecast        

8.2.4.1.1.1.               By Value

8.2.4.1.2.           Market Share & Forecast

8.2.4.1.2.1.               By Type

8.2.4.1.2.2.               By Application

8.2.4.1.2.3.               By End User

8.2.4.2.        India Bioanalytical Testing Services Market Outlook

8.2.4.2.1.           Market Size & Forecast        

8.2.4.2.1.1.               By Value

8.2.4.2.2.           Market Share & Forecast

8.2.4.2.2.1.               By Type

8.2.4.2.2.2.               By Application

8.2.4.2.2.3.               By End User

8.2.4.3.        South Korea Bioanalytical Testing Services Market Outlook

8.2.4.3.1.           Market Size & Forecast        

8.2.4.3.1.1.               By Value

8.2.4.3.2.           Market Share & Forecast

8.2.4.3.2.1.               By Type

8.2.4.3.2.2.               By Application

8.2.4.3.2.3.               By End User

8.2.4.4.        Japan Bioanalytical Testing Services Market Outlook

8.2.4.4.1.           Market Size & Forecast        

8.2.4.4.1.1.               By Value

8.2.4.4.2.           Market Share & Forecast

8.2.4.4.2.1.               By Type

8.2.4.4.2.2.               By Application

8.2.4.4.2.3.               By End User

8.2.4.5.        Australia Bioanalytical Testing Services Market Outlook

8.2.4.5.1.           Market Size & Forecast        

8.2.4.5.1.1.               By Value

8.2.4.5.2.           Market Share & Forecast

8.2.4.5.2.1.               By Type

8.2.4.5.2.2.               By Application

8.2.4.5.2.3.               By End User

9.    South America Bioanalytical Testing Services Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Application

9.2.3.    By End User

9.2.4.    By Country

9.2.4.1.        Brazil Bioanalytical Testing Services Market Outlook

9.2.4.1.1.           Market Size & Forecast        

9.2.4.1.1.1.               By Value

9.2.4.1.2.           Market Share & Forecast

9.2.4.1.2.1.               By Type

9.2.4.1.2.2.               By Application

9.2.4.1.2.3.               By End User

9.2.4.2.        Argentina Bioanalytical Testing Services Market Outlook

9.2.4.2.1.           Market Size & Forecast        

9.2.4.2.1.1.               By Value

9.2.4.2.2.           Market Share & Forecast

9.2.4.2.2.1.               By Type

9.2.4.2.2.2.               By Application

9.2.4.2.2.3.               By End User

9.2.4.3.        Colombia Bioanalytical Testing Services Market Outlook

9.2.4.3.1.           Market Size & Forecast        

9.2.4.3.1.1.               By Value

9.2.4.3.2.           Market Share & Forecast

9.2.4.3.2.1.               By Type

9.2.4.3.2.2.               By Application

9.2.4.3.2.3.               By End User

10. Middle East & Africa Bioanalytical Testing Services Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By Application

10.2.3. By End User

10.2.4. By Country

10.2.4.1.     South Africa Bioanalytical Testing Services Market Outlook

10.2.4.1.1.         Market Size & Forecast        

10.2.4.1.1.1.            By Value

10.2.4.1.2.         Market Share & Forecast

10.2.4.1.2.1.            By Type

10.2.4.1.2.2.            By Application

10.2.4.1.2.3.            By End User

10.2.4.2.     Saudi Arabia Bioanalytical Testing Services Market Outlook

10.2.4.2.1.         Market Size & Forecast        

10.2.4.2.1.1.            By Value

10.2.4.2.2.         Market Share & Forecast

10.2.4.2.2.1.            By Type

10.2.4.2.2.2.            By Application

10.2.4.2.2.3.            By End User

10.2.4.3.     UAE Bioanalytical Testing Services Market Outlook

10.2.4.3.1.         Market Size & Forecast        

10.2.4.3.1.1.            By Value

10.2.4.3.2.         Market Share & Forecast

10.2.4.3.2.1.            By Type

10.2.4.3.2.2.            By Application

10.2.4.3.2.3.            By End User

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends & Developments

12.1.             Recent Development

12.2.             Mergers & Acquisitions

12.3.             Product Launches

13. Competitive Landscape

13.1.   Thermo Fisher Scientific, Inc.

13.1.1.      Business Overview

13.1.2.      Company Snapshot

13.1.3.      Product & Services

13.1.4.      Financials (In case of listed)

13.1.5.      Recent Developments

13.1.6.      SWOT Analysis

13.2.   ICON plc

13.3.   Charles River Laboratories International, Inc.

13.4.   Covance, Inc. (Labcorp Drug Development)

13.5.   IQVIA Inc.

13.6.   Syneos Health Inc

13.7.   SGS S.A.

13.8.   Intertek Group Plc

13.9.Pace Analytical Services, LLC

14.  Strategic Recommendations

15.  About us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Bioanalytical Testing Services Market was estimated to be USD 4.52 Billion in 2023.

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The Global Bioanalytical Testing Services Market was analyzed for the historical period of 2019 to 2022. While the base year was 2023, estimation for the year 2024 was calculated and the market growth was further forecast for 2025 to 2029.

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Thermo Fisher Scientific, Inc., ICON plc, Charles River Laboratories International Inc., Covance, Inc. (Labcorp Drug Development), IQVIA Inc., Syneos Health Inc, SGS S.A., Intertek Group Plc, Pace Analytical Services LLC are some of the key players operating in the Global Bioanalytical Testing Services Market.

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Global Expansion of Biopharmaceutical Manufacturing and Rising Research & Development Activities in Pharmaceutical and Biotechnology Industries are the major drivers for the Global Bioanalytical Testing Services Market.

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Sakshi Bajaal

Business Consultant
Press Release

Bioanalytical Testing Services Market to Grow with a CAGR of 5.25% through 2029

Apr, 2024

Global Expansion of Biopharmaceutical Manufacturing and Rising R&D Activities in Pharmaceutical and Biotechnology Industries are factors driving the Global Bioanalytical Testing Services Market in th