Bioanalytical Services Market: Introduction
According to the report, the global bioanalytical services market was valued at US$ 5.4 Mn in 2020 and is projected to expand at a CAGR of 8.2% from 2021 to 2031. Bioanalytical testing is useful for quantitative determination of drugs and metabolites in biological samples. The primary objective of bioanalytical services is the qualitative & quantitative estimation of an analyte with its biological stability, safety, purity, quality, and efficacy.
Major factors expected to drive the global bioanalytical services market during the forecast period are increase in demand for bioanalytical testing services due to rise in prevalence of infectious diseases, HIV, and other diseases. Additionally, surge in government initiatives to control outbreaks of infectious diseases such as coronavirus is expected to present opportunities in the market.
Request Brochure for Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=47676
North America held major share of the global bioanalytical services market in 2020, due to the presence of large number of key players, increase in focus on analytical testing of biologics & biosimilars, and rise in R&D expenditure in the pharmaceutical and biopharmaceutical Industry in the U.S. The bioanalytical services market in Asia Pacific is expected to expand at a high CAGR of 9.4% from 2021 to 2031, due to rise in prevalence of diseases and increase in launch of new products by the key players. This, in turn, is likely to drive the demand for bioanalytical services in emerging markets such as India and China.
Request for Analysis of COVID19 Impact on Bioanalytical Services Market –
Advent of New Technology to Drive Global Market
A recent study by Yen-Heng Lin from Chang Gung University in 2020 stated that automatic glass capillary immunoassay platform is effective for detecting anti-p53 autoantibody in oral cavity squamous cell carcinoma. Another study by a group of researchers from the Department of Veterinary Parasitology in 2020 revealed that loop-mediated isothermal amplification (LAMP) assay can be used for detection of Hepatozoon canis infection in dogs. In 2019, a conference in Pittcon stated that the powerful separation capabilities of ultra-high-performance liquid chromatography (UHPLC) combined with its speed and good resolution can make it a valuable tool for detailed characterization of biopharmaceuticals. These are used in combination with detection capability such as UV or light scattering, and additional structural information can be acquired using mass spectrometry. Such a multidimensional analytical approach serves to increase the potential sensitivity and makes it possible to characterize more complex proteins.
Buy Market Report –
The bioanalytical services market in Asia Pacific is likely to grow at a rapid pace over the next few years. India, China, and South Korea are projected to be lucrative markets in the near future. Healthcare expenditure is increasing for cosmetic treatments and surgeries. Several research centers have identified the need to create personalized and custom drugs and innovative medicine as a part bioanalytical services. Rise in investment in drug development and R&D by biopharmaceutical companies fuels the growth of the bioanalytical services market.
Growth Strategies of Key Players
Major companies profiled in the global bioanalytical services market report are PPD, Inc., ICON plc, Laboratory Corporation of America, Charles River Laboratories International, Inc., Syneos Health, SGS SA, Toxikon, Inc., Intertek Group, Pace Analytical Services, Medpace, PRA HEALTH SCIENCES, WuXi AppTec, IQVIA, and Eurofins Scientific.
These companies engage in research & development to develop novel products in order to expand product offerings and customer base. In April 2020, IQVIA announced its new technology-enabled COVID-19 Trial Matching Tool at c19trials.com, which is one of the world’s first online platforms that matches individuals with specific COVID-19 studies to accelerate clinical research projects.
Browse More Trending Reports by Transparency Market Research:
Cardiopulmonary bypass pump market : Increase in cases of heart disorders and rise in older population globally are creating lucrative prospects in the global heart lung machine market
ACL Reconstruction Market : Healthcare professionals in the ACL reconstruction procedures market are providing evidence-based and personalized treatments to offer improved patient outcomes. This factor is projected to create revenue-generation opportunities in market
About Us:
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!
Contact Us
Mr. Rohit Bhisey
Transparency Market Research,
90 State Street, Suite 700,
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
