Bioanalytical Testing Services Market Report by Delvens 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 global Bioanalytical Testing Services size is projected to reach a CAGR of 12.59% to 2028.
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Top Key Players of Bioanalytical Testing Services Market
· SGS SA
· Syneos Health Inc
· Charles River Laboratories Inc
· Laboratory Corporation of America Holdings
· ICON Plc and More
Bioanalysis involves quantitative measurement of xenobiotics, like small molecule drugs and their metabolites and biological molecules. Bioanalytical testing services are used in the development and validation of robust bioanalytical methods in body fluids and tissue specimens. These tests are used to support pre-clinical and Phase I through Phase IV clinical trials.
The increased necessity for specific types of tests in R&D activities and the increasing trend of outsourcing laboratory testing services are some of the factors that have supported long-term expansion for Bioanalytical Testing Services.
Bioanalytical technologies have played a critical role in the mitigation of the COVID-19 pandemic and will continue to be foundational in the prevention of the subsequent waves of this pandemic, along with future infectious disease outbreaks.
Regional Analysis of Bioanalytical Testing Services Market
North America is expected to dominate the bioanalytical testing services market, and this trend is expected to continue over the forecast period. This is majorly attributed to the rising demand for bioanalytical services with a high volume of ongoing research activities and clinical trials, which fuels the market growth in the region.
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Recent Developments of Bioanalytical Testing Services Market
In February 2020, Frontage Holdings Corporation, a contract research organization, announced the expansion of its bioanalytical laboratories in Exton, PA, through its wholly-owned subsidiary, Frontage Laboratories, Inc. This will enhance the bioanalytical capabilities in biologics and small molecule drug development, including cell and gene therapies, biomarkers testing, and high-throughput clinical sample management.
In January 2020, Charles River Laboratories entered into an exclusive partnership with Fios Genomics. Through this partnership, Charles River clients will have access to Fios Genomics expertise in bioinformatics, statistics, and biology to assist in the sourcing and analysis of the high-dimensional, multi-variant datasets associated with drug development, including microarrays, next-generation sequencing (NGS), proteomics, metabolomics, and epigenetics as well as the associated meta-data.
Bioanalytical Testing Services is segmented into molecule type, test type and region.
On the basis of Molecule Type
· Small Molecules
· Large Molecules
On the basis of Test Type
· Bioavailability and Bioequivalence Studies
· Pharmacokinetics
· Pharmacodynamics
· Other Test Types
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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In addition to the market data for Bioanalytical Testing Services, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
Reasons to Acquire
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Bioanalytical Testing Services so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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