Press release
Large Molecule Bioanalytical Technologies Market to Hit $17.59B by 2028 with 14.6% CAGR Growth, Driven by Biopharma Demand
Large Molecule Bioanalytical Technologies Market Report
Large Molecule Bioanalytical Technologies Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $17.59 billion In 2028 At A CAGR Of 14.6%:
The large molecule bioanalytical technologies market size has grown rapidly in recent years. It will grow from $8.9 billion in 2023 to $10.19 billion in 2024 at a compound annual growth rate (CAGR) of 14.5%. The growth in the historic period can be attributed to increased investment in biotechnology research, growth of proteomics research, growth in high-throughput screening, increased adoption of next-generation sequencing, increased adoption of single-cell analysis.
The large molecule bioanalytical technologies market size is expected to see rapid growth in the next few years. It will grow to $17.59 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%. The growth in the forecast period can be attributed to increasing demand for biopharmaceuticals, growing investment in life sciences research, increasing demand for point-of-care testing, increasing prevalence of chronic diseases, increasing demand for biologics and biosimilars. Major trends in the forecast period include real-time analysis, adoption of quality control labs, integration of artificial intelligence, technological advancements, adoption of cloud-based solutions, adoption of digital technologies.
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Large Molecule Bioanalytical Technologies Market Major Segments
The large molecule bioanalytical technologies market covered in this report is segmented -
1) By Product And Services: Products, Services
2) By Technology: Chromatography, Mass Spectrometry, Enzyme-Linked Immunosorbent Assay, Electrophoresis, Polymerase Chain Reaction, Western Blot, Flow Cytometry, Spectrometer, Other Technologies
3) By Application: Biologics, Oligonucleotide Derived Drugs And Molecules, Viral Vector, Cell And Gene Therapy, Nanoparticles And Polymers, Disease Diagnosis, Other Applications
Key Driver - Increasing Car Breakdown Incidents Fuel Growth In The Tow Truck Market
The rising focus on personalized medicine is expected to propel the growth of the large molecule bioanalytical technologies market going forward. Personalized medicine refers to adapting medical treatment and healthcare decisions to each patient's unique traits, such as genetic makeup, biomarkers, lifestyle, and environmental factors, to maximize efficacy and reduce side effects. Factors including individual variability in disease susceptibility, a shift towards value-based healthcare, and the prioritization of patient-centered care propel the rising focus on personalized medicine. Large-molecule bioanalytical technologies are used in drug development to characterize the pharmacokinetics and pharmacodynamics of large-molecule drugs, such as monoclonal antibodies or gene therapies. For instance, in February 2024, according to the Personalized Medicine Coalition, a US-based non-profit organization, in 2023, the FDA approved 16 new personalized medicines for rare disease patients, a rise from six in 2022. Therefore, the rising focus on personalized medicine drives the growth of the large molecule bioanalytical technologies market.
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Prominent Trend - Advancements In Fourier Transform Infrared Spectroscopy For Large Molecule Bioanalysis
Major companies operating in the large molecule bioanalytical technologies market are developing advanced technologies such as Fourier transform infrared spectroscopy to enhance the analysis and characterization of large molecules. Fourier transform infrared spectroscopy is a technique used in large-molecule bioanalytical technology to determine the chemical structure of biomolecules. For instance, in April 2022, Edinburgh Instruments Ltd., a UK-based scientific instrumentation company, launched the IR5, a benchtop Fourier transform infrared (FTIR) spectrometer. It is a high-performance instrument designed for molecular spectroscopy applications. The features include high sensitivity and spectrum resolution, adding a second detector for improved sensitivity. It also uses Fourier transform photoluminescence (FT-PL) for combined absorption and photoluminescence spectroscopy. The IR5 comes with Miracle software, designed specifically for this instrument, and provides a modern, powerful, and intuitive user experience.
Large Molecule Bioanalytical Technologies Market Players
Major companies operating in the large molecule bioanalytical technologies market are Thermo Fisher Scientific Inc., Danaher Corporation, Laboratory Corporation of America Holdings, Agilent Technologies Inc., Charles River Laboratories International Inc., Intertek Group plc, Shimadzu Corporation, Bio-Rad Laboratories Inc., Qiagen N.V., HORIBA Ltd., SCIEX, Bio-Techne Corporation, Hamilton Company, Promega Corporation, Verder Group, Solvias AG, Analytik Jena AG, Genedata AG, Wyatt Technology Corporation, Nanalysis Corporation, Avomeen Analytical Services, Cergentis B.V., Halo Labs Inc., Hitachi High-Technologies Corporation, Precision NanoSystems Inc.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the large molecule bioanalytical technologies market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the large molecule bioanalytical technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Large Molecule Bioanalytical Technologies Market Report Structure
3. Large Molecule Bioanalytical Technologies Market Trends And Strategies
4. Large Molecule Bioanalytical Technologies Market - Macro Economic Scenario
5. Large Molecule Bioanalytical Technologies Market Size And Growth
…..
27. Large Molecule Bioanalytical Technologies Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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