According to Markntel Advisors Report, Bioanalytical Testing Services Market is expected to grow at a significant growth rate, and the analysis period is 2023-2028, considering the base year as 2022.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Bioanalysis testing is the quantitative assessment of analytes and their metabolites in a biological sample like a serum, blood plasma, or other body fluid. This testing is used in drug development and validated bioanalytical methods for the quantitative evaluation of analytes in the sample.

 

Global Bioanalytical Testing Services Market Research Report & Summary:

The Global Bioanalytical Testing Services market is projected to grow at a CAGR of around 15.35% during the forecast period, 2023-28.                        

Time Period Captured in the Report:

• Historical Years: 2018-21
• Base Years: 2022
• Forecast Years: 2023-28

Who are the Key Players Operating in the Bioanalytical Testing Services Market?

The top companies of the Bioanalytical Testing Services Market ruling the industry are: 

Charles River, Medpace holdings, ICON plc, Wuxi Apptech, Eurofins Scientific, Syenos Health, SGS SA, Intertek, PPD Inc., Bioneeds India Pvt Ltd., CD Bioscience Ltd., Pace Analytical, BioAgilitix, Alta Sciences, Others

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What is Included in Bioanalytical Testing Services Market Segmentation?

The Bioanalytical Testing Services Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic.  The further bifurcations are as follows:

• By Test Type
  • Cell-Based Assay
    • Bacterial Cell-Based Assay
    • Viral Cell-Based Assay
  • Virology Testing
    • In Vivo Virology Testing
    • In Vitro Virology Testing
  • Method validation and Optimization
  • Serology, Immunogenicity and Neutralizing Antibodies
  • Biomarker testing
  • Pharmacokinetic testing
  • Others
• By Application
  • Oncology
  • Neurology
  • Infectious disease
  • Cardiology
  • Gastroenterology
  • Others
•  By Molecule Type
  • Small Molecule
  • Large Molecule
• By End User
  • Pharmaceutical & Biotechnology Companies
  • Contractual Development & Manufacturer Organisation
  • Contract Research Organisation
• By Region
  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

 

Explore the Complete Bioanalytical Testing Services Market Analysis Report – https://www.marknteladvisors.com/research-library/bioanalytical-testing-services-market.html

Global Bioanalytical Testing Services Market Dynamics:

Upsurge in the Number of Chronic Diseases Would Drive the Market Growth – The spread of chronic diseases like cancer, diabetes, stroke, arthritis, and other heart ailments has been enhancing drug discovery, drug development, and testing, which is further driving the need for bioanalytical testing services. Additionally, increasing drug development and the rising investment by biotechnology companies including Sysmex, Thermofisher Qiagen, etc., for the adoption of advanced technologies are contributing to the demand for bioanalytical testing services across the globe.

Moreover, the global rise in cancer patients and the amplified number of tests related to oncology are also responsible for the rising requirements for bioanalytical testing services. For instance, according to the International Diabetes Federation, in 2021, approximately 537 million adults (20-79 years) were diagnosed with diabetes, and the number of patients would rise to 643 million by 2030. As the diabetic population globally is anticipated surge by over 100 million adults, the demand for bioanalytical testing for blood samples is also expected to surge in the coming years.

Furthermore, funding by the government of several countries such as the US, India, the UK, etc., towards contract research organizations for the development of biosimilar drugs are some of the factors that are likely to fuel the overall growth of the bioanalytical testing services industry during 2023-2028. 

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