Market Insights: Bioanalytical Testing Services Industry Size, Share, and Growth Forecasts for 2028

The Global Bioanalytical Testing Services market is projected to grow at a CAGR of around 15.35% during the forecast period, 2023-28.

Business Jan 27, 2025 17 Add to Reading List

Market Insights: Bioanalytical Testing Services Industry Size, Share, and Growth Forecasts for 2028

Global Bioanalytical Testing Services Market Overview and Insights:

According to MarkNtel Advisors Report, Global Bioanalytical Testing Services Market projected to grow at a CAGR of around 15.35% during the forecast period, i.e., 2023-28.

Bioanalytical Testing Services Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Time Period Captured in the Report:

Historical Years: 2018-21

Base Years: 2022

Forecast Years: 2023-28

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Global Bioanalytical Testing Services Market Possible Restraint:

Lack of Skilled Professionals to Deter the Growth of the Market - The lack of experienced or skilled professionals in the healthcare industry is posing a hindrance to the market growth of bioanalytical testing services globally. As the testing methods involve the use of advanced technologies and sampling, the need for professional medical staff for both drug development and testing is significant. Additionally, developed countries are mandating that vendors and manufacturers comply with the regulations imposed on the testing industry. These regulations enhance the quality and consistency of the data and thereby support the approval of chemical or biological drugs. Thus, laboratories and research centers require trained personnel to perform the tests, else, a lack of competent employees may result in health hazards, contributing to a low adoption rate of this technology.

Who are the Key Players Operating in the Bioanalytical Testing Services Industry?

The top companies of the Bioanalytical Testing Services market ruling the industry are:

Charles River
Medpace holdings
ICON plc
Wuxi Apptech
Eurofins Scientific
Syenos Health
SGS SA
Intertek
PPD Inc.
Bioneeds India Pvt Ltd.
CD Bioscience Ltd.
Pace Analytical
BioAgilitix
Alta Sciences
Others

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What is Included in Bioanalytical Testing Services Market Segmentation?

The report has segmented the market into the following categories:

-By End User

Pharmaceutical & Biotechnology Companies
Contractual Development & Manufacturer Organization
Contract Research Organization

Among all the above applications, Pharmaceutical & Biotechnology Companies accounted for the major share of the Global Bioanalytical Testing Services market during the historical years, owing to their enhanced use of bioanalytical testing for disease detection through blood samples, & urine samples, etc., Additionally, the rising focus of companies on the development of rapid technologies for disease diagnosis and the development of vaccines & therapeutics which can help mitigate the spread of hospital-acquired infections across all healthcare facilities has further driven the demand for bioanalytical testing services.

-By Test Type

Cell-Based Assay
Virology Testing
Method validation and Optimization
Serology, Immunogenicity and Neutralizing Antibodies
Biomarker testing
Pharmacokinetic testing
Others

-By Application

Oncology
Neurology
Infectious disease
Cardiology
Gastroenterology
Others

-By Molecule Type

Small Molecule
Large Molecule

Geographical Analysis:

-By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

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For Further Queries:

What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
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How has the industry been evolving in terms of geography and product adoption?
How has the competition been shaping up across various regions?

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