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Bioanalytical Testing Services Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Publisher Global Market Insights
Published Dec 09, 2024
Length 125 Pages
SKU # GMI19463459

Description

Bioanalytical Testing Services Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032


Bioanalytical testing services market will grow at over 8.6% CAGR between 2024 and 2032, driven by the increasing prevalence of chronic diseases and the growing demand for personalized medicine. As per WHO, every year, 41 million individuals succumb to chronic diseases, accounting for 74% of all fatalities worldwide. As pharmaceutical and biotechnology companies continue to develop innovative drugs and therapies, there is a growing requirement for bioanalytical testing to assess drug efficacy, safety, and pharmacokinetics.

Furthermore, advancements and innovations in bioanalytical testing methodologies have largely surged. The emergence of advanced analytical techniques, such as liquid chromatography-mass spectrometry (LC-MS), high-performance liquid chromatography (HPLC), and immunoassays will also significantly enhance the accuracy, sensitivity, and speed of bioanalytical testing processes.

The industry is classified based on molecule type, test type, application, end-use and region

By application, the bioanalytical testing services market from the neurology segment will witness 8.9% CAGR during 2024 and 2032. The increasing prevalence of neurological disorders, such as Alzheimer's disease, Parkinson's disease, and multiple sclerosis has heightened the demand for accurate and comprehensive diagnostic and monitoring solutions. Bioanalytical testing services also play a critical role in supporting neurology research and drug development by providing valuable insights into disease mechanisms, biomarker identification, and therapeutic efficacy.

Bioanalytical testing services industry from the contract research organizations (CROs) end-use segment is anticipated to witness 8.7%CAGR throughout 2024 and 2032. These healthcare settings offer specialized expertise, state-of-the-art facilities, and a wide range of bioanalytical testing services for enabling pharmaceutical, biotechnology, and medical device companies to outsource their R&D activities cost-effectively. By partnering with CROs, companies can access a broader array of bioanalytical testing capabilities, including method development, validation, sample analysis, and data interpretation, without the need for significant investment in infrastructure and resources.

Europe bioanalytical testing services industry is anticipated to grow at an 8.9% CAGR over 2024-2032, attributed to the increasing investment in pharmaceutical and biotechnology R&D activities. Moreover, stringent regulatory guidelines and the need for compliance with safety and quality standards is increasing the demand for reliable and accredited bioanalytical testing services. Rising technological advancements in analytical techniques and automation streamline workflows will further stimulate the regional industry growth.

Table of Contents

125 Pages
Chapter 1 Methodology
1.1 Market segmentation
1.2 Market definitions
1.3 Research design
1.4 Market size estimates and calculations
1.4.1 Approach 1: Parent market analysis
1.4.2 Approach 2: Clinical trial assessment
1.5 Key trends for market estimates
1.6 Forecast model
1.7 Primary research & validation
1.7.1 Primary sources
1.7.2 Data mining sources
1.7.2.1 Paid sources
1.7.2.2 Public sources
Chapter 2 Executive Summary
2.1 Industry 360° synopsis, 2018 - 2032
2.2 Molecule type trends
2.3 Test type trends
2.4 Application trends
2.5 End user trends
2.6 Regional trends
Chapter 3 Bioanalytical Testing Services Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.1.1 Increased trend of outsourcing laboratory testing services
3.2.1.2 Rising advancements in bioanalytical technology
3.2.1.3 Growing drug development and approval processes
3.2.1.4 Increasing volume of ongoing research activities and clinical trials
3.2.2 Industry pitfalls
3.2.2.1 Complex regulatory framework for maintaining laboratories
3.3 Growth potential analysis
3.3.2 By test type
3.3.3 By application
3.3.4 By end user
3.4 Regulatory landscape
3.5 Porter's analysis
3.6 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.1.1 Thermo Fisher Scientific Inc.
4.1.2 Laboratory Corporation of America Holdings
4.1.3 SGS Société Générale de Surveillance SA
4.2 Company matrix analysis
4.3 Competitive positioning matrix
4.4 Strategy dashboard
Chapter 5 Bioanalytical Testing Services Market, By Molecule Type
5.1 Small molecule
5.2 Large molecule
Chapter 6 Bioanalytical Testing Services Market, By Test Type
6.1 Biomarker testing
6.2 DMPK testing
6.3 Virology testing
6.3.1 In-vivo virology testing
6.3.2 In-vitro virology testing
6.4 Serology testing
6.5 Immunogenicity testing
6.6 Other test types
Chapter 7 Bioanalytical Testing Services Market, By Application
7.1 Oncology
7.2 Neurology
7.3 Infectious diseases
7.4 Gastroenterology
7.5 Cardiology
7.6 Other applications
Chapter 8 Bioanalytical Testing Services Market, By End User
8.1 Pharmaceutical & biotechnology companies
8.2 Contract research organizations
8.3 Research & academic institutes
8.4 Other end users
Chapter 9 Bioanalytical Testing Services Market, By Region
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Latin America
9.5 Middle East and Africa
Chapter 10 Company Profiles
10.1 BioAgilytix
10.1.1 Global overview
10.1.2 Business overview
10.1.3 Financial data
10.1.4 Service landscape
10.1.5 Strategic outlook
10.1.6 SWOT analysis
10.2 Charles River Laboratories
10.2.1 Global overview
10.2.2 Business overview
10.2.3 Financial data
10.2.3.1 Annual sales revenue, 2020-2023 (USD Million)
10.2.4 Service landscape
10.2.5 SWOT analysis
10.3 Eurofins Scientific
10.3.1 Global overview
10.3.2 Business overview
10.3.3 Financial data
10.3.3.1 Annual sales revenue, 2020 - 2023 (USD Million)
10.3.4 Service landscape
10.3.5 Strategic outlook
10.3.6 SWOT analysis
10.4 Frontage Labs
10.4.1 Global overview
10.4.2 Business overview
10.4.3 Financial data
10.4.3.1 Annual sales revenue, 2020 - 2023 (USD Million)
10.4.4 Service landscape
10.4.5 Strategic outlook
10.4.6 SWOT analysis
10.5 ICON
10.5.1 Global overview
10.5.2 Business overview
10.5.3 Financial data
10.5.3.1 Annual sales revenue, 2020 - 2023 (USD Million)
10.5.4 Service landscape
10.5.5 Strategic outlook
10.5.6 SWOT analysis
10.6 Intertek
10.6.1 Global overview
10.6.2 Business overview
10.6.3 Financial data
10.6.3.1 Annual sales revenue, 2020 - 2023 (USD Million)
10.6.4 Service landscape
10.6.5 SWOT analysis
10.7 Laboratory Corporation of America Holdings
10.7.1 Global overview
10.7.2 Business overview
10.7.3 Financial data
10.7.3.1 Annual sales revenue, 2020-2023 (USD Million)
10.7.4 Service landscape
10.7.5 SWOT analysis
10.8 Pace Analytical Services
10.8.1 Global overview
10.8.2 Business overview
10.8.3 Financial data
10.8.4 Service landscape
10.8.5 Strategic outlook
10.8.6 SWOT analysis
10.9 SGS Societe Generale de Surveillance SA
10.9.1 Global overview
10.9.2 Business overview
10.9.3 Financial data
10.9.3.1 Annual sales revenue, 2020-2023 (USD Million)
10.9.4 Service landscape
10.9.5 Strategic outlook
10.9.6 SWOT analysis
10.10 Syneos Health
10.10.1 Global overview
10.10.2 Business overview
10.10.3 Financial data
10.10.3.1 Annual sales revenue, 2020-2023 (USD Million)
10.10.4 Service landscape
10.10.5 SWOT analysis
10.11 Thermo Fischer Scientific
10.11.1 Global overview
10.11.2 Business overview
10.11.3 Financial data
10.11.3.1 Annual sales revenue, 2020-2023 (USD Million)
10.11.4 Service landscape
10.11.5 Strategic outlook
10.11.6 SWOT analysis
10.12 WuXi AppTec
10.12.1 Global overview
10.12.2 Business overview
10.12.3 Financial data
10.12.3.1 Annual sales revenue, 2020-2023 (USD Million)
10.12.4 Service landscape
10.12.5 SWOT analysis

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