Global Bioanalytical Services Market to reach USD xx billion by 2027. Global Bioanalytical Services Market is valued approximately USD xx billion in 2020 and is anticipated to grow with a healthy growth rate of more than xx % over the forecast period 2021-2027. Bioanalysis is a field of analytical chemistry that works with biological material to analyze biological molecules, DNA, and big molecules for measurement. In the healthcare industry, the phrases bioanalytical services and analytical services are frequently interchanged. The rising number of infectious diseases is expected to boost the market for bioanalytical services. In order to provide crucial bioanalytical services, several pharmaceutical corporations are now working with research organizations. Pre-clinical tests, fluid or specimen testing, clinical sample analysis, virus infection inquiry, and other bioanalytical services are available. These services have provided major growth prospects for market players during the global pandemic. COVID-19 drug research and vaccination initiatives benefited greatly from bioanalytical services. In the bioanalytical services market, ongoing tests, vaccine testing solutions, medication inspection methods, and technological development in pharmaceutical businesses are producing revenue prospects amid the pandemic. For instance, in November 2021, Labcorp, a leading worldwide life sciences firm, announced the launch of a new, comprehensive bioanalytical laboratory in Singapore, expanding its global products and footprint in the Asia-Pacific (APAC) region. Furthermore, lack of skilled professionals will restrain the market during the forecasting years. Whereas, increasing investment in research and development activities will gives opportunities of market growth during the projection years.


The main regions of Asia Pacific, North America, Europe, Latin America, and the Rest of the World are included in the geographical analysis of the worldwide Bioanalytical Services market. In 2020, North America dominated the global market, and this trend is expected to continue from 2021 to 2027. Increased demand for bioanalytical services in the United States, owing to pharmaceutical companies' increased focus on R&D and the market's growth in demand for new and innovative treatments. In 2020, Europe had the second-largest proportion of the global market. Due to a movement of contract research firms from Western countries to China, India, and other Southeast Asian countries, the market in Asia Pacific is expected to grow at a faster CAGR from 2021 to 2027.
Major market player included in this 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
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Mode of Operation offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Small Molecule Bioanalysis
Large Molecule Bioanalysis
Others
By Service
Immunochemistry Services
Quantitative Immunoassays
Cell-based Neutralization Assays
LCMS Method Development
Discovery Phase Bioanalysis
LCMS Sample Bioanalysis
GCP Bioanalysis Service
Biomarker Assays
Protein Analysis
Others
By End Use
Pharma & Biotechnology Companies
Contract Research Organizations
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027

Target Audience of the Global Bioanalytical Services Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors