Bioanalytical Testing Services Market 2018-2026 | Size, Share and Forecast | Credence Research
The global market for bioanalytical testing services was estimated at US$2,393.9 million in 2017 and expected to reach US$4,793.1 million by 2026, expanding at a CAGR of 7.8% from 2018 to 2026.
SANJOSE, United States – March 29, 2019 /MarketersMedia/ —
The latest market report published by Credence Research, Inc. “Bioanalytical Testing Services Market – Growth, Future Prospects, Competitive Analysis, 2018 – 2026,” the global bioanalytical testing services market was valued at US$ 2,393.9 Mn in 2017 and expected to reach US$ 4,793.1 Mn by 2026, expanding at a CAGR of 7.8% from 2018 to 2026.
Browse the full report Bioanalytical Testing Services Market – Growth, Future Prospects, Competitive Analysis, 2018 – 2026 report at https://www.credenceresearch.com/report/bioanalytical-testing-services-market
Market Insights
Bioanalysis refers to the collection of scientific methods allowing quantitative determination of entities and biomarkers. Bioanalytical tests assist in reducing the gap between drug administration during clinical and preclinical trials and the interpretation of data for drug pharmacodynamics and pharmacokinetics. Bioanalytical testing services providers offer bioanalysis tests to medical research, biotechnology and pharmaceutical companies and institutions engaged in drug research and development. This industry is fragmented among several niche vendors and is led by a limited number of large players that provide holistic services. Industry experts opine that the prevailing trends in the pharmaceutical and biotechnology industries indicate an increasing emphasis towards outsourcing of research activities as manufacturers and drug developers seek to reduce the internal resources and expenditure for research models for higher accountability to meet their drug development and manufacturing requirements.
At present, regulatory operations have become a prominent challenge for several pharmaceutical companies as a majority of these companies face cost and labor pressures. Manufacturers are struggling to procure new product approvals, maintain compliance while assuring competitive operation cost. Furthermore, high investments in regulatory information systems and labor have increased the overall operation cost. This has led pharmaceutical companies to opt for sustainable outsourcing of research and development activities.
To sum up, some of the prominent factors that support increasing outsourcing of bioanalytical testing activities are increase in the number of potential new drug candidates, need for fast drug development process, growing cost pressures of introducing new drugs, rapid patent expirations, and growing demand for unique technical expertise. Large molecule segment is expected to witness rapid market growth during the forecast period, while North America is the largest regional market for bioanalytical testing services. The dominant position of North America, however, will be significantly challenged by the rapid progress of outsourcing hubs in Asia Pacific.
Key Market Movements:
Low cost of efficient outsourcing services in Asia Pacific to attract influx of service contracts from North America and Western Europe
Increasing potential drug pipeline along with growing need for rapid product approvals to ensure competitive edge
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ToC:
Chapter 1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Approach Adopted
1.3.4. Top Down Approach
1.3.5. Bottom Up Approach
1.3.6. Phase III – Expert Panel Review
1.3.7. Assumptions
1.4. Market Segmentation
Chapter 2. Executive Summary
2.1. Global Bioanalytical Testing Services Market Portraiture
2.2. Global Bioanalytical Testing Services Market, by Molecule Type, 2017 (US$ Mn)
2.3. Global Bioanalytical Testing Services Market, by Geography, 2017 (US$ Mn)
Chapter 3. Global Bioanalytical Testing Services Market: Dynamics and Future Outlook
3.1. Overview
3.2. Industry Pros and Cons
3.3. Drivers
3.4. Challenges
3.5. Opportunities
3.6. Porter’s Five Forces Analysis
3.7. Major Agreements and Strategic Alliances
3.8. Attractive Investment Proposition, by Geography, 2017
3.9. Competitive Analysis: Global Bioanalytical Testing Services Market, by Key Players, 2017
Chapter 4. Global Bioanalytical Testing Services Market, by Molecule Type, 2016 – 2026 (US$ Mn)
4.1. Overview
4.2. Small Molecule
4.3. Large Molecule
4.3.1. Large Molecule LC-MS Test
4.3.2. Immunoassays
4.3.2.1. Pharmacokinetics (PK)
4.3.2.2. Anti-drug Antibody Tests
4.3.2.3. Other Immunoassay Tests
4.3.3. Others
Chapter 5. Global Bioanalytical Testing Services Market, by Test Type, 2016 – 2026 (US$ Mn)
5.1. Overview
5.2. ADME Testing
5.3. Pharmacodynamics (PD) Testing
5.4. Pharmacokinetics (PK) Testing
5.5. Bioavailability Testing
5.6. Bioequivalence Testing
5.7. Others
Chapter 6. Global Bioanalytical Testing Services Market, by Geography, 2016 – 2026 (US$ Mn)
6.1. Overview
6.2. North America Bioanalytical Testing Services Market, 2016 – 2026 (US$ Mn)
6.2.1. North America Bioanalytical Testing Services Market, by Molecule Type, 2016 – 2026 (US$ Mn)
6.2.2. North America Bioanalytical Testing Services Market, by Test Type, 2016 – 2026 (US$ Mn)
6.2.3. North America Bioanalytical Testing Services Market, by Country, 2016 – 2026 (US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe Bioanalytical Testing Services Market, 2016 – 2026 (US$ Mn)
6.3.1. Europe Bioanalytical Testing Services Market, by Molecule Type, 2016 – 2026 (US$ Mn)
6.3.2. Europe Bioanalytical Testing Services Market, by Test Type, 2016 – 2026 (US$ Mn)
6.3.3. Europe Bioanalytical Testing Services Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.3.3.1. U.K.
6.3.3.2. Germany
6.3.3.3. France
6.3.3.4. Italy
6.3.3.5. Rest of Europe
6.4. Asia Pacific Bioanalytical Testing Services Market, 2016 – 2026 (US$ Mn)
6.4.1. Asia Pacific Bioanalytical Testing Services Market, by Molecule Type, 2016 – 2026 (US$ Mn)
6.4.2. Asia Pacific Bioanalytical Testing Services Market, by Test Type, 2016 – 2026 (US$ Mn)
6.4.3. Asia Pacific Bioanalytical Testing Services Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.4.3.1. China
6.4.3.2. Japan
6.4.3.3. India
6.4.3.4. Australia
6.4.3.5. Rest of Asia Pacific
6.5. Latin America Bioanalytical Testing Services Market, 2016 – 2026 (US$ Mn)
6.5.1. Latin America Bioanalytical Testing Services Market, by Molecule Type, 2016 – 2026 (US$ Mn)
6.5.2. Latin America Bioanalytical Testing Services Market, by Test Type, 2016 – 2026 (US$ Mn)
6.5.3. Latin America Bioanalytical Testing Services Market, by Country/Region, 2016 – 2026 (US$ Mn)
6.5.3.1. Brazil
6.5.3.2. Mexico
6.5.3.3. Rest of Latin America
6.6. Middle East & Africa Bioanalytical Testing Services Market, 2016 – 2026 (US$ Mn)
6.6.1. Middle East & Africa Bioanalytical Testing Services Market, by Molecule Type, 2016 – 2026 (US$ Mn)
6.6.2. Middle East & Africa Bioanalytical Testing Services Market, by Test Type, 2016 – 2026 (US$ Mn)
6.6.3. Middle East & Africa Bioanalytical Testing Services Market, by Region, 2016 – 2026 (US$ Mn)
6.6.3.1. GCC
6.6.3.2. South Africa
6.6.3.3. Rest of Middle East & Africa
Chapter 7. Company Profiles
7.1. IQVIA
7.1.1. Company Overview
7.1.2. Financial Information (Subject to Data Availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. PAREXEL International
7.3. Tandem Labs Inc.
7.4. Pharmaceutical Product Development, LLC
7.5. Covance Inc.
7.6. Celerion Inc.
7.7. Eurofins Scientific
7.8. Charles River Laboratories, Inc.
7.9. PRA Health Sciences
7.10. Pharmaron
7.11. QPS Holdings
7.12. ICON PLC
7.13. Syneos Health
7.14. Laboratory Corporation of America
7.15. SGS SA
…………………toc continued
Browse the full report Bioanalytical Testing Services Market – Growth, Future Prospects, Competitive Analysis, 2018 – 2026 report at https://www.credenceresearch.com/report/bioanalytical-testing-services-market
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