openPR Logo
Press release

Bioanalytical Testing Services Market Size Worth US$ 5.1 Billion by 2028 at 9.6% CAGR - Report by IMARC Group

09-28-2023 08:13 AM CET | Health & Medicine

Press release from: IMARC Group

Bioanalytical Testing Services Market Size Worth US$ 5.1 Billion by 2028 at 9.6% CAGR - Report by IMARC Group

Bioanalytical Testing Services Market Size Worth US$ 5.1 Billion by 2028 at 9.6% CAGR - Report by IMARC Group

IMARC Group has recently released a new research study titled "Bioanalytical Testing Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How big is the bioanalytical testing services market?

The global bioanalytical testing services market size reached US$ 2.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.1 Billion by 2028, exhibiting a growth rate (CAGR) of 9.6% during 2023-2028.

What are bioanalytical testing services?

Bioanalytical testing services play a crucial role in quantifying the concentration of drugs, their metabolites, and pharmacodynamic biomarkers in biological fluids. These services involve the validation of methods to ensure that the results obtained are accurate, precise, selective, and stable, thereby guaranteeing the reliability of sample analysis outcomes. Today, these services heavily rely on the use of established and validated techniques for detecting analytes and metabolites across a wide range of intricate biological samples. These samples encompass diverse matrices, such as urine, serum, blood, saliva, plasma, breast milk, cell lysates, cell culture media, tissue homogenates, cerebrospinal fluid (CSF), and wastewater produced during pharmaceutical manufacturing.

Request to Get the Sample Report: https://www.imarcgroup.com/bioanalytical-testing-services-market/requestsample

Bioanalytical Testing Services Market Trends and Growth Drivers: 

Driving Factors in the Bioanalytical Testing Services Market

Rising Prevalence of Chronic Health Conditions: The bioanalytical testing services market is witnessing a positive impact due to the increasing prevalence of chronic health conditions worldwide. Sedentary lifestyles and the consumption of fast food are contributing to this trend.

Growing Demand for Personalized Medical Treatments:The market is also benefiting from a growing demand for personalized medical treatments. Additionally, biopharmaceutical companies are increasingly utilizing these testing services for assay validation and drug development, both during preclinical and clinical stages, which is driving market growth significantly.

Impact of COVID-19 and Point-of-Care (POC) Diagnostics

Escalating Need for POC Diagnostics: The rapid spread of the COVID-19 disease, coupled with the absence of effective vaccines and treatments, has led to an increased requirement for bioanalytical testing services for point-of-care (POC) diagnostics. This factor is further fueling the global market's growth.

Technological Advancements and Healthcare Infrastructure Improvements

Innovative Techniques and High-Volume Analyses: Many companies are adopting innovative techniques, such as mass spectrometry, immunochemistry, Ultra-Performance Liquid Chromatography (UPLC), automated sample preparation utilizing robotics or turbulent flow, and large sample storage with bar code systems. These advancements enable rapid high-volume analyses, contributing to market expansion.

Enhancements in Healthcare Infrastructure: Improvements in healthcare infrastructure are also playing a role in augmenting the bioanalytical testing services market, promising further growth in the years to come.

Who are the key players operating in the industry?

The report covers the major market players including: 

• 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
• Toxikon Corporation

Key Market Segmentation:

The report has segmented the market into the following categories: 

Breakup by Molecule Type:

• Small Molecule
• Large Molecule

Breakup by Test Type:

• ADME
• PK
• PD
• Bioavailability
• Bioequivalence
• Others

Breakup by Workflow:

• Sample Preparation
• Sample Analysis
• Others

Breakup by Region:

• North America
• Asia-Pacific
• India
• Europe
• Latin America
• Middle East and Africa

Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=4137&flag=C

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.   

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com

Browse Related Report:

Point-of-Care Diagnostics Market Size, Share, Trends, Growth Drivers, Development Facts and Figures by 2028: https://www.digitaljournal.com/pr/news/imarc/point-of-care-diagnostics-market-size-share-trends-growth-drivers-development-facts-and-figures-by-2028

About Us                                    

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Bioanalytical Testing Services Market Size Worth US$ 5.1 Billion by 2028 at 9.6% CAGR - Report by IMARC Group here

News-ID: 3228399 • Views:

More Releases from IMARC Group

GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: 5.3%
GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: …
GCC Pet Food Market Overview Market Size in 2024: USD 266.2 Million Market Size in 2033: USD 422.9 Million Market Growth Rate 2025-2033: 5.3% According to IMARC Group's latest research publication, "GCC Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC pet food market size was valued at USD 266.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 422.9 Million by 2033, exhibiting a
GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | With a 7.50% CAGR
GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | Wi …
GCC Residential Real Estate Market Overview Market Size in 2024: USD 73.31 Billion Market Size in 2033: USD 147.77 Billion Market Growth Rate 2025-2033: 7.50% According to IMARC Group's latest research publication, "GCC Residential Real Estate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC residential real estate market size was valued at USD 73.31 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 147.77 Billion by
GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAGR
GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAG …
GCC Drones Market Overview Market Size in 2024: USD 588.2 Million Market Size in 2033: USD 2,005.3 Million Market Growth Rate 2025-2033: 13.3% According to IMARC Group's latest research publication, "GCC Drones Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The GCC drones market size was valued at USD 588.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 2,005.3 Million by 2033, exhibiting a growth rate of
Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Market Overview: The medical imaging market is experiencing rapid growth, driven by Growing Burden of Chronic and Age-Related Diseases, Expansion of Government-Funded Health Infrastructure and Technological Advancements in Imaging Modalities. According to IMARC Group's latest research publication, "Medical Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global medical imaging market size reached USD 44.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach

All 5 Releases


More Releases for Bioanalytical

Government-Led Initiatives Propel Bioanalytical Testing Services Market Amidst P …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Bioanalytical Testing Services Market Through 2025? In recent years, there has been significant growth in the size of the bioanalytical testing services market. It is projected to expand from $3.45 billion in 2024 to $3.71 billion in 2025, demonstrating a compound annual
Government-Led Initiatives Propel Bioanalytical Testing Services Market Amidst P …
The Bioanalytical Testing Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories]. What Is the Bioanalytical Testing Services Market Size and Projected Growth Rate? In recent times, the bioanalytical testing services market has seen substantial growth. The market size is projected to increase from $3.45 billion
Key Influencer in the Large Molecule Bioanalytical Technologies Market 2025: Rol …
What Is the Forecasted Market Size and Growth Rate for the Large Molecule Bioanalytical Technologies Market?_x000D_ The market size for large molecule bioanalytical technologies has seen significant expansion in the past few years. The market is forecasted to swell from $10.19 billion in 2024 to $11.7 billion in 2025, representing a compound annual growth rate (CAGR) of 14.9%. This historical surge stems from a rise in biotechnology research investment, expansion of
Bioanalytical Services Market Thriving on Medical Advancement: The Booming Bioan …
Bioanalytical Services Market to Record an Exponential CAGR by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd. InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Bioanalytical Services Market- (By Type (Pre-Clinical Studies, Clinical Studies), By End-User (Pharmaceutical companies, Biotechnology companies, CROs, CDMOs)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031." According to the latest research by InsightAce Analytic, the Global Bioanalytical Services Market
Bioanalytical Testing Services Market Size Forecast Between 2023-2032
The bioanalytical testing services market is on a robust growth trajectory, with its size recorded at USD 4.2 billion in 2022. Projections indicate a significant expansion to USD 11.4 billion by 2032, reflecting a Compound Annual Growth Rate (CAGR) of 10.7% from 2023 to 2032. This article delves into the competitive landscape, growth prospects, opportunities, drivers, constraints, key market players, current trends, and regional insights shaping this dynamic market. Download Free
Cell & Gene Therapy Bioanalytical Testing Services Market Thriving Globally | Bi …
Cell & gene therapy bioanalytical testing services involve comprehensive analysis and evaluation of cellular and genetic therapies to ensure safety, efficacy, and quality. These services encompass a range of analytical techniques to assess factors like potency, purity, identity, and stability of therapeutic products. They play a crucial role in the development and regulatory approval of cell and gene therapies by providing accurate and reliable data to support decision-making processes. Bioanalytical