Global
Bioanalytical Testing Services Market Research Report: by Molecule Type (Small
Molecule, Large Molecule), by Test Type (Pharmacokinetics, Pharmacodynamics,
Bioanalysis, Bioequivalence, Others), and Region - Forecast to 2023
The global
bioanalytical testing services market is expected to exhibit a solid 12.95%
CAGR over the forecast period from 2018 to 2023, according to the latest
research report from Market Research Future (MRFR). The global bioanalytical
testing services market is expected to reach a valuation of more than USD 1.8
billion by 2023, according to the MRFR report. The report presents a detailed
look at the global bioanalytical testing services market, including a detailed
look at the major drivers and restraints affecting the global market. The major
players operating in the global bioanalytical testing services market are also
profiled in the report to give readers a clear overview of the competitive
landscape of the market.
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Complete Report with Niche Segments and Top Industry Players at https://www.marketresearchfuture.com/sample_request/6573
Bioanalytical
testing services are methods used to determine the quantity and nature of
active drugs inside the human body. Drugs and their metabolites in the body are
analyzed through bioanalytical testing services to determine the effect of drugs
and their breakdown in the body. Due to this, bioanalytical testing services
play a crucial role in expediting drug development. Bioanalytical testing
services have taken on a vital role in drug development due to their usefulness
in determining the nature of the breakdown of drugs in the body and the nature
of metabolites produced in the body as a result of the drug. This is likely to
remain a major driver for the global bioanalytical testing services market over
the forecast period.
The growing
pharmaceutical industry and the need for rapid action drugs to treat chronic
diseases are likely to remain major drivers for the global bioanalytical
testing services market over the forecast period. The rising number of
biopharmaceutical drugs in the pipeline is likely to be a major driver for the
global bioanalytical testing services market over the forecast period.
Biopharmaceuticals are likely to rise in popularity over the forecast period
due to their benefits over conventional pharmaceutical products. This is likely
to lead to a growing demand for bioanalytical testing services over the
forecast period. The increasing prevalence of cancer, other noninfectious
diseases, as well as other infectious diseases is likely to be a major driver
for the global bioanalytical testing services market over the forecast period.
Bioanalytical Testing Services Market- Competitive
Leaderboard:
Leading players
in the global bioanalytical testing services market include Intertek Group plc,
ICON plc, Pace Analytical Services LLC, SGS SA, inVentiv Health, Charles River
Laboratories Inc., Toxikon, Pharmaceutical Product Development, Covance Inc.,
WuXi AppTec, and Laboratory Corporation of America Holdings.
Bioanalytical Testing Services Market- Segmentation:
The global
bioanalytical testing services market is segmented on the basis of molecule
type, test type, and region.
By molecule
type, the global bioanalytical testing services market is segmented into small
molecule and large molecule. The small molecule segment is further
sub-segmented into generics and proprietary, while the large molecules segment
is further sub-segmented into biomarkers, biosimilars, vaccines, and others.
The small molecule segment is likely to remain a highly important part of the
global bioanalytical testing services market over the forecast period, as small
molecule treatments have become important in oncological treatments.
By test type,
the global bioanalytical testing services market is segmented into
pharmacokinetics, pharmacodynamics, bioavailability, bioequivalence, and
others.
Bioanalytical Testing Services Market-Regional
Analysis:
The Americas
segment holds the largest share in the global bioanalytical testing services
market, accounting for more than 39% in 2017. The U.S. is the global leader in
the global bioanalytical testing services market due to the presence of large
players in the region. Due to the strong government support to innovation in
the healthcare sector in the region, many major healthcare industry players
have strong bases in North America, especially the U.S. This is a major driver
for the global bioanalytical testing services market. The growing prevalence of
cancer in the region is also likely to be a major driver for the global
bioanalytical testing services market over the forecast period. Europe is also
a major regional market for bioanalytical testing services and is likely to
retain an important share in the market over the forecast period.
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