Bioanalytical Testing Services Market Growth Prospects 2027 Competitive Dynamics by Key Players
Market growth can be attributed to increasing demand for analytical services for biologics and large-molecule drugs, increasing biopharmaceutical pipeline, increasing approvals for biopharmaceuticals, increasing number of biosimilar clinical trials, increasing number of R&D. On the other hand, during the forecast period, pricing pressures faced by major players and a shortage of skilled professionals are expected to curb the overall market growth to some extent.
Bioanalytical testing is the analytical method used for the analysis of biotechnological or biological products. Bioanalytic tests are applied in drug discovery, drug development, and drug marketing. In recent years, increased focus on contract research development services by biopharmaceutical companies has created opportunities in the bioanalytical testing services market. Increasing frequency of outsourcing research and development activities by many biopharmaceutical companies to focus on their core competencies is expected to drive the expansion of the global market for bioanalytical testing services during the forecasted period. In addition, outsourcing's cost-effectiveness compared with in-house analysis is likely to drive the market even further. The strategy that key players in the pharmaceutical industry are implementing to face market competition is replenishing their respective pipelines. Given that most high-selling drugs go off patent, demand for bioanalytical testing is increasing. This is one of the main supporting factors for the market. Bioanalytical testing services include diverse areas of expertise that allow drugs to be developed in different geographies and for different therapeutic areas. Bioanalytical testing services also ensure drugs are well synchronized with current regulatory standards. These are the major factors responsible for driving demand for bioanalytical testing services.
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Biotechnology Testing Services Market Revenue & Forecast, (US$ Million), 2015 – 2027
Competitive Landscape
The report provides both, qualitative and quantitative research of facial injectables market, as well as provides comprehensive insights and development methods adopted by the key contenders. The key players present in the market are making collaborations and product launch strategies in order to address the unmet aesthetic needs. Thereby, providing the physicians with new and better options, as well as augmenting the growth of the bioanalytical testing services. The companies are also focusing on expanding their presence in the emerging markets and also trying to maintain strong distributor relationships. For each company, the report studies their global presence, competitors, service offerings and specification amongst others.
The global bioanalytical testing services market includes some of the major players such as: Charles River Laboratories International Inc. (U.S.), BioReliance Corporation (U.S.), WuXi PharmaTech (Cayman) Inc. (China), Bioclin Research Laboratories (Ireland), Eurofins Scientific SE (Luxembourg), SGS (Switzerland), LabCorp (U.S.), PPD Inc. (U.S.), Intertek Group Plc. (U.K.) and PRA Health Sciences (U.S.).
Bioanalytical testing services Market:
By Molecule type: Small Molecule, Large Molecule
By Test type: ADME, PK, PD, Bioavailability, Bioequivalence
By Geography:
North America: (U.S, Canada, Mexico, Rest of North America)
Europe: (France, The UK, Spain, Germany, Italy)
Nordic Countries: (Denmark, Finland, Iceland, Sweden, Norway)
Benelux Union: (Belgium, The Netherlands, Luxembourg, Rest of Europe)
Asia Pacific:(China, Japan, India, New Zealand, Australia, South Korea)
Southeast Asia: (Indonesia, Thailand, Singapore)
Rest of Southeast Asia
Middle East and Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of Middle East and Africa)
Latin America: (Brazil, Argentina, Rest of Latina America)
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