Bioanalytical Testing Services Market | Latest Innovation, Advance Technology, Top Companies | By Kenneth Research

Global Spending on Health: A World in Transition”, released in theyear 2019 by the World Health Organization (WHO), the global spending on healthcare recorded USD 7.8 trillion in 2017, which was an increase by USD 0.2 trillion from the recorded value of USD 7.6 trillion in 2016.

Recently, a significant growth in healthcare spending have been observed in the low- and middle-income nations. In the middle-income nations, healthcare spending rose by 6.3% a year between 2000 and 2017, while the economy rose by 5.9% a year. Additionally, health spending in low-income countries also observed a growth by 7.8% a year in the same period. The growth in the healthcare spending of these nations can be attributed to the increasing focus of the governments in these nations to meet the laid down targets of the Sustainable Development Goals (SDGs) of 2030. Such factors are anticipated to drive the growth of the Bioanalytical Testing Services Market during the forecast period.

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Global Bioanalytical Testing Services Market is valued approximately USD 1.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 11.8 % over the forecast period 2020-2027. Bioanalytical testing enables quantitative analysis of drugs in biological substances such as blood, plasma, serum, or urine. Bioanalytical tests are conducted when a drug is being developed, and aids in the commercialization of the drug in pathological labs or diagnostic centers, and in research laboratories.  The global Bioanalytical Testing Services is being highly demanded for the analysis of coronavirus vaccine and drugs to fight against covid-19 crisis. The rising focus on the analytical testing of biologics and biosimilars, increasing preference for outsourcing analytical testing, growing R&D expenditure in the pharmaceutical and biopharmaceutical industry and rising adoption of the quality by design approach are the few factors responsible for growth of the market over the forecast period. Furthermore, the rising advancements and other strategic alliance by market key players will create a lucrative demand for this market.  For instance: in August 2017, Eurofins Scientific launched scientific consulting services for assisting pharmaceutical and biotech sponsors in large molecule bioanalytical requirements. Whereas, dearth of skilled professionals and pricing pressure faced by major players is the major factor restraining the growth of global Bioanalytical Testing Services market during the forecast period.  

The regional analysis of global Bioanalytical Testing Services market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world owing to the  presence of a large patient population (especially in China and India) and increasing investments in R&D. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. 

Major market player included in this report are:
Charles River
Wuxi AppTec
Eurofins Scientific
Iqvia Inc.
Laboratory Corporation of America Holdings
Intertek Group Plc
PRA  Health Sciences
Syneos Health

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

by Type:
Cell-based Assays
Virology Testing
Method Development Optimization and Validation
Serology, Immunogenicity, and Neutralizing Antibodies
Biomarker Testing
Pharmacokinetic Testing
Other Services

by Application:
Infectious Diseases
Other Applications

By End-User:
Pharmaceutical and Biopharmaceutical Companies
Contract Development and Manufacturing Organizations
Contract Research Organizations

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Bioanalytical Testing Services Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Bioanalytical Testing Services Market, by Region, 2018-2027 (USD Billion)
1.2.2. Bioanalytical Testing Services Market, by Type, 2018-2027 (USD Billion)
1.2.3. Bioanalytical Testing Services Market, by Application, 2018-2027 (USD Billion)
1.2.4. Bioanalytical Testing Services Market, by End-User, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Bioanalytical Testing Services Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Bioanalytical Testing Services Market Dynamics
3.1. Bioanalytical Testing Services Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Bioanalytical Testing Services Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Bioanalytical Testing Services Market, by Type
5.1. Market Snapshot
5.2. Global Bioanalytical Testing Services Market by Type, Performance – Potential Analysis
5.3. Global Bioanalytical Testing Services Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Bioanalytical Testing Services Market, Sub Segment Analysis
5.4.1. Cell-based Assays
5.4.2. Virology Testing
5.4.3. Method Development Optimization and Validation
5.4.4. Serology, Immunogenicity, and Neutralizing Antibodies
5.4.5. Biomarker Testing
5.4.6. Pharmacokinetic Testing
5.4.7. Other Services
Chapter 6. Global Bioanalytical Testing Services Market, by Application
6.1. Market Snapshot
6.2. Global Bioanalytical Testing Services Market by Application, Performance – Potential Analysis
6.3. Global Bioanalytical Testing Services Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Bioanalytical Testing Services Market, Sub Segment Analysis
6.4.1. Oncology
6.4.2. Neurology
6.4.3. Infectious Diseases
6.4.4. Gastroenterology
6.4.5. Cardiology
6.4.6. Other Applications
Chapter 7. Global Bioanalytical Testing Services Market, by End-User
7.1. Market Snapshot

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