Increasing investment in biotechnological research and drug development is a major factor fuelling revenue growth of global bioanalytical testing services market        Market Size USD 1.80 Billion in 2020, Market Growth at a CAGR of 11.5%, Market Trend  Growing adoption of advanced technologies in bioanalytical testing services

The global bioanalytical testing services market size is expected to reach USD 4.33 Billion in 2028 at a steady CAGR, according to latest analysis by Emergen Research. Increasing emphasis on analytical testing of biosimilar and biologics, growing demand for outsourcing analytical testing services, and rising research and development expenditure in biopharmaceutical and pharmaceutical sectors are some key factors driving market revenue growth. Bioanalytical testing services involve quantitative analysis of compound and their metabolite in biological fluids, which includes blood, serum, urine, plasma, or tissue extracts.

 Bioanalytical program comprises several processes such as sample preparation, development of bioanalytical method, validation, ensuring quantitative outcome that demonstrate accuracy, selectivity, precision, and stability. Sample preparation is a process that includes cleaning up the test sample before starting analysis or concentrating the sample for improved detection.

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Some Key Findings from the Report:

• In February 2021, Eurofins Scientific acquired Beacon Discovery. This acquisition helped Eurofins to provide a complete drug discovery experience, knowledge, and support the development of new therapeutics.
• Serology, immunogenicity, and neutralizing antibodies segment is expected to register a 12.0% revenue CAGR throughout the forecast period. This can be attributed to increasing application of serology, immunogenicity, and neutralizing antibodies in drug development procedures.
• Key players operating in the market are Charles River Laboratories, Medpace, Inc., Wuxi AppTec, IQVIA, Inc, SGS SA, Laboratory Corporation of America Holdings, Intertek Group plc, PRA Health Sciences, Syneos Health, and Frontage Laboratories, Inc.

Bioanalytical Testing Services  Market Segmentation by Regions:

·         North America (U.S., Canada)

·         Europe (U.K., Italy, Germany, France, Rest of EU)

·         Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

·         Latin America (Chile, Brazil, Argentina, Rest of Latin America)

·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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For the purpose of this report, Emergen Research has segmented the global bioanalytical testing services market based on type, application, end-use, and region:

• Type Outlook (Revenue, USD Billion; 20182028)
  • Cell-based Assays
  • Virology Testing
  • Method Development Optimization and Validation
  • Serology Immunogenicity and Neutralizing Antibodies
  • Pharmacokinetic Testing
  • Biomarker Testing
  • Others

• Application Outlook (Revenue, USD Billion; 20182028)
  • Neurology
  • Oncology
  • Infectious Diseases
  • Cardiology
  • Gastroenterology
  • Others

• End-Use Outlook (Revenue, USD Billion; 20182028)
  • Biopharmaceutical and Pharmaceutical Companies
  • Contract Development and Manufacturing Organizations
  • Contract Research Organizations

• Regional Outlook (Revenue: USD Billion; 20182028)
  • North America

1. U.S.
2. Canada
3. Mexico

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