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Global Bioanalytical Testing Services Market to Grow at 11.31% During 2022-2027, Impelled by Need for Point-Of-Care (POC) Diagnostics

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Bioanalytical Testing Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global bioanalytical testing services market reached a value of US$ 2.56 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.90 Billion by 2027, exhibiting a CAGR of 11.31% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Bioanalytical testing services are used for the quantitative determination of drugs concentration and their metabolites and pharmacodynamic biomarkers in biological fluids. These services include method validation for ensuring results that demonstrate accuracy, precision, selectivity, and stability and assure the accuracy of sample analysis results. Nowadays, they rely on developed and validated methods for detecting analytes and metabolites in a diversity of complex biological matrices. Some of these matrices are urine, serum, blood, saliva, plasma, breast milk, cell lysates, cell culture media, tissue homogenates, cerebrospinal fluid (CSF), and wastewater from pharmaceutical production.

 

 
 

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Bioanalytical Testing Services Market Trends:

The increasing occurrence of chronic health conditions worldwide on account of sedentary lifestyles and increasing consumption of fast food, along with the rising preferences for personalized medical treatments, represents one of the key factors influencing the market positively. Additionally, biopharmaceutical companies are using bioanalytical testing services for validation of assays and drug development at both preclinical and clinical stages. Moreover, the global transmission of the coronavirus disease (COVID-19) and the lack of effective vaccines and treatments are driving the need for widespread screening and early detection. This has increased the usage of bioanalytical testing services for point-of-care (POC) diagnostic and controlling the spread and minimizing the resultant health and societal impact of the infection. Apart from this, several companies are incorporating a wide range of innovative techniques to offer rapid high-volume analyses. These techniques generally include mass spectrometry, immunochemistry, Ultra-Performance Liquid Chromatography (UPLC), automated sample preparation using robotics or turbulent flow, and large sample storage combined with bar code systems. This, in confluence with the improving healthcare infrastructure, is strengthening the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global bioanalytical testing services market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on molecule type, test type and workflow.

Breakup by Molecule Type:

 

 
 

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  • Small Molecule
  • Large Molecule
    • LC-MS Studies
    • Immunoassays
    • Others
       

Breakup by Test Type:

  • ADME
    • In-Vivo
    • In-Vitro
  • PK
  • PD
  • Bioavailability
  • Bioequivalence
  • Others
     

Breakup by Workflow:

  • Sample Preparation
    • Protein Precipitation
    • Liquid-Liquid Extraction
    • Solid Phase Extraction
  • Sample Analysis
    • Hyphenated Technique
    • Chromatographic Technique
    • Electrophoresis
    • Ligand Binding Assay
    • Mass Spectrometry
    • Nuclear Magnetic Resonance
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Almac Group, Charles River Laboratories International Inc., Frontage Laboratories Inc., ICON plc, Intertek Group plc, Laboratory Corporation of America Holdings, Pace Analytical Services LLC, PPD Inc., PRA Health Sciences, SGS SA, Syneos Health and Toxikon Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Molecule Type, Test Type, Workflow, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Almac Group, Charles River Laboratories International Inc., Frontage Laboratories Inc., ICON plc, Intertek Group plc, Laboratory Corporation of America Holdings, Pace Analytical Services LLC, PPD Inc., PRA Health Sciences, SGS SA, Syneos Health and Toxikon Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Bioanalytical Testing Services Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Molecule Type
    6.1    Small Molecule
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Large Molecule
        6.2.1 Market Trends
        6.2.2 Key Segments
           6.2.2.1 LC-MS Studies
           6.2.2.2 Immunoassays
           6.2.2.3 Others
        6.2.3 Market Forecast
7   Market Breakup by Test Type
    7.1    ADME
        7.1.1 Market Trends
        7.1.2 Key Segments
           7.1.2.1 In-Vivo
           7.1.2.2 In-Vitro
        7.1.3 Market Forecast
    7.2    PK
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    PD
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Bioavailability
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Bioequivalence
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8   Market Breakup by Workflow
    8.1    Sample Preparation
        8.1.1 Market Trends
        8.1.2 Key Segments
           8.1.2.1 Protein Precipitation
           8.1.2.2 Liquid-Liquid Extraction
           8.1.2.3 Solid Phase Extraction
        8.1.3 Market Forecast
    8.2    Sample Analysis
        8.2.1 Market Trends
        8.2.2 Key Segments
           8.2.2.1 Hyphenated Technique
           8.2.2.2 Chromatographic Technique
           8.2.2.3 Electrophoresis
           8.2.2.4 Ligand Binding Assay
           8.2.2.5 Mass Spectrometry
           8.2.2.6 Nuclear Magnetic Resonance
        8.2.3 Market Forecast
    8.3    Others
        8.3.1 Market Trends
        8.3.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
14  Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Almac Group
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 SWOT Analysis
        14.3.2    Charles River Laboratories International Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Frontage Laboratories Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    ICON plc
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    Intertek Group plc
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Laboratory Corporation of America Holdings
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Pace Analytical Services LLC
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    PPD Inc.
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    PRA Health Sciences
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 SWOT Analysis
        14.3.10    SGS SA
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
        14.3.11    Syneos Health
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis
        14.3.12    Toxikon Corporation
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Bioanalytical Testing Services Market: Major Drivers and Challenges
Figure 2: Global: Bioanalytical Testing Services Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Bioanalytical Testing Services Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Bioanalytical Testing Services Market: Breakup by Molecule Type (in %), 2021
Figure 5: Global: Bioanalytical Testing Services Market: Breakup by Test Type (in %), 2021
Figure 6: Global: Bioanalytical Testing Services Market: Breakup by Workflow (in %), 2021
Figure 7: Global: Bioanalytical Testing Services Market: Breakup by Region (in %), 2021
Figure 8: Global: Bioanalytical Testing Services (Small Molecule) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Bioanalytical Testing Services (Small Molecule) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Bioanalytical Testing Services (Large Molecule) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Bioanalytical Testing Services (Large Molecule) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Bioanalytical Testing Services (ADME) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Bioanalytical Testing Services (ADME) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Bioanalytical Testing Services (PK) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Bioanalytical Testing Services (PK) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Bioanalytical Testing Services (PD) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Bioanalytical Testing Services (PD) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Bioanalytical Testing Services (Bioavailability) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Bioanalytical Testing Services (Bioavailability) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Bioanalytical Testing Services (Bioequivalence) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Bioanalytical Testing Services (Bioequivalence) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Bioanalytical Testing Services (Other Test Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Bioanalytical Testing Services (Other Test Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Bioanalytical Testing Services (Sample Preparation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Bioanalytical Testing Services (Sample Preparation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Bioanalytical Testing Services (Sample Analysis) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Bioanalytical Testing Services (Sample Analysis) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Bioanalytical Testing Services (Other Workflows) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Bioanalytical Testing Services (Other Workflows) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: United States: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: United States: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Canada: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Canada: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia-Pacific: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia-Pacific: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South Korea: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South Korea: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Australia: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Australia: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Indonesia: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Indonesia: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Others: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Others: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Germany: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Germany: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: France: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: France: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United Kingdom: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United Kingdom: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Italy: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Italy: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Spain: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Spain: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Russia: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Russia: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Latin America: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Latin America: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Brazil: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Brazil: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Mexico: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Mexico: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Middle East and Africa: Bioanalytical Testing Services Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Middle East and Africa: Bioanalytical Testing Services Market: Breakup by Country (in %), 2021
Figure 78: Middle East and Africa: Bioanalytical Testing Services Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Global: Bioanalytical Testing Services Industry: SWOT Analysis
Figure 80: Global: Bioanalytical Testing Services Industry: Value Chain Analysis
Figure 81: Global: Bioanalytical Testing Services Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Bioanalytical Testing Services Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Bioanalytical Testing Services Market Forecast: Breakup by Molecule Type (in Million US$), 2022-2027
Table 3: Global: Bioanalytical Testing Services Market Forecast: Breakup by Test Type (in Million US$), 2022-2027
Table 4: Global: Bioanalytical Testing Services Market Forecast: Breakup by Workflow (in Million US$), 2022-2027
Table 5: Global: Bioanalytical Testing Services Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Bioanalytical Testing Services Market: Competitive Structure
Table 7: Global: Bioanalytical Testing Services Market: Key Players


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Key Questions Answered in This Report

The global bioanalytical testing services market was valued at US$ 2.56 Billion in 2021.

We expect the global bioanalytical testing services market to exhibit a CAGR of 11.31% during 2022-2027.

The sudden outbreak of the COVID-19 has led to the rising adoption of bioanalytical testing services for drug discovery and clinical trials for novel vaccines against the coronavirus infection, thereby positively influencing the market growth.

 

The increasing prevalence of various chronic health conditions, along with the growing application of bioanalytical testing services for validation of assays and drug development, at both preclinical and clinical stages, is primarily driving the global bioanalytical testing services market.

Based on the molecule type, the global bioanalytical testing services market can be categorized into small molecule and large molecule. Currently, small molecule accounts for the majority of the global market share.

Based on the test type, the global bioanalytical testing services market has been segregated into ADME, PK, PD, bioavailability, bioequivalence, and others. Among these, bioavailability currently holds the largest market share.

Based on the workflow, the global bioanalytical testing services market can be bifurcated into sample preparation, sample analysis, and others. Currently, sample analysis exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global bioanalytical testing services market include Almac Group, Charles River Laboratories International Inc., Frontage Laboratories Inc., ICON plc, Intertek Group plc, Laboratory Corporation of America Holdings, Pace Analytical Services LLC, PPD Inc., PRA Health Sciences, SGS SA, Syneos Health, and Toxikon Corporation.

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