Bioanalytical Testing Services Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Bioanalytical Testing Services Market is segmented by Molecule Type (Small Molecule and Large Molecule), Test Type (Bioavailability and Bioequivalence Studies, Pharmacokinetics, Pharmacodynamics, and Other Test Types), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). The report offers the value (in USD million) for the above segments.

Market Snapshot

Bioanalytical Testing Services Market  Bar Graph
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 10.3 %

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Market Overview

The Bioanalytical Testing Services Market was valued at approximately USD 1,962 million in 2020. The market is expected to reach USD 3,534 million by 2026, registering a CAGR of nearly 10.3% during the forecast period.

Bioanalytical technologies have played a critical role in the mitigation of the COVID-19 pandemic and will continue to be foundational in the prevention of the subsequent waves of this pandemic, along with future infectious disease outbreaks. Companies, such as SGS, offer a full range of bioanalytical services for both small molecules and biologics, including mass spectrometry, immunoassays, and cell-based assays. In November 2020, SGS, the world’s leading inspection, verification, testing, and certification company, invested in its Biosafety Center of Excellence in Glasgow, boosting its capacity to support scientists and manufacturers in the development of effective vaccines, cell and gene therapies, and other biological medicines.

The major factor attributing to the growth of the studied market is the increased necessity for specific types of tests in R&D activities and the increasing trend of outsourcing laboratory testing services. Due to the increasing trend of outsourcing laboratory testing services, companies are expanding their market position by offering various types of services and solutions. Additionally, major players are focusing on different strategies, such as a merger, acquisition, and other developments. For instance, in April 2019, Charles River announced the acquisition of Citoxlab. The expansion helps both companies in a geographical stronghold for providing the CRO (Contract Research Organization) services to North America and Europe. The bioanalytical testing service plays an important role; hence, the market is anticipated to grow promptly in the future years.

The rise in demand for bioanalytical testing services can also be due to the growing prevalence of infectious diseases, HIV, and others. Additionally, rising government initiatives to control the outbreaks of infectious diseases such as Coronavirus Disease is expected to provide more opportunities, which is expected to contribute to the growth of the studied market.

Scope of the Report

Bioanalysis involves quantitative measurement of xenobiotics, like small molecule drugs and their metabolites and biological molecules. Bioanalytical testing services are used in the development and validation of robust bioanalytical methods in body fluids and tissue specimens. These tests are used to support pre-clinical and Phase I through Phase IV clinical trials.

The Bioanalytical Testing Services Market is segmented by Molecule Type (Small Molecule and Large Molecule), Test Type (Bioavailability and Bioequivalence Studies, Pharmacokinetics, Pharmacodynamics, and Other Test Types), and Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and South America). The report offers the value (in USD million) for the above segments.

By Molecule Type
Small Molecules
Large Molecules
By Test Type
Bioavailability and Bioequivalence Studies
Pharmacokinetics
Pharmacodynamics
Other Test Types
Geography
North America
United states
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

The Small Molecule Sub-segment is Expected to Show Better Growth in the Bioanalytical Testing Services Market

The small molecule testing services sub-segment is anticipated to witness growth in the Bioanalytical Testing Services market due to their pivotal role in the development of generic versions of branded drugs. Bioanalytical testing plays a major role in proving the efficiency to simulate generic drug release profiles with that of branded drugs resulting in the growth of the segment.

On the other hand, the large molecule segment is expected to witness lucrative growth during the forecast period. Bioanalytical testing of large molecules is one of the challenging tasks for the biopharmaceutical industry. Hence, various techniques are used, such as Maldi-TOF-MS, Ligand Binding Assays, size exclusion affinity chromatography, etc. Bioanalytical testing of large molecules is generally conducted in the well-established R&D by the biopharmaceutical industries, followed by other Phase II studies, and long-term toxicity studies are mostly outsourced. Hence, outsourcing bioanalytical testing of these molecules is likely to be the prevailing trend over the forecast period.

Moreover, in the context of COVID-19, many biotech and pharmaceutical firms have been focusing on the effective and rapid technologies for the fast diagnosis of COVID-19 and to develop the vaccines/therapeutics that can help mitigate the spread by ensuring the appropriateness of care across all healthcare settings and achieve high-quality outcomes which are further driving the demand for the bioanalytical testing services globally. For instance, in July 2020, CIRION BioPharma Research Inc., a US-based GLP-certified contract research laboratory announced that the company is expanding its bioanalytical services by expanding its existing laboratory facilities to support drug and vaccine developments related to COVID-19.

Bioanalytical Testing Services Market Latest Trends

North America Dominates the Market and it is Expected to do the Same in the Forecast Period

North America is expected to dominate the bioanalytical testing services market, and this trend is expected to continue over the forecast period. This is majorly attributed to the rising demand for bioanalytical services with a high volume of ongoing research activities and clinical trials, which fuels the market growth in the region.

In North America, the United States holds the largest market share due to the increased patient pool of various chronic diseases and increased adoption of the peptides, other large molecule therapeutics as an alternative for small molecules that have more side effects. For instance, According to the Centers for Disease Control and Prevention, around USD 3.5 trillion of the amount is spent on chronic diseases in the United States. Therefore, the companies have been taking initiatives to meet the greater demand, which is expected to fuel the studied market.

Moreover, according to the International Diabetes Federation in 2019, about 48 million adults in North America were living with diabetes, and the trend is expected to continue resulting in higher demand for bioanalysis of the novel therapeutics to stop the growing volume of patient pool with diabetes. Thus, the rising demand for bioanalytical services, the large number of ongoing clinical trials, and the huge investment by many of the major pharmaceutical companies are the key factors driving the growth of the studied market in the country.

Bioanalytical Testing Services Market Growth Rate By Region

Competitive Landscape

The bioanalytical testing services market is moderately competitive and consists of several major players. Some of the companies are expanding their market position by offering various types of services, launching new methods for method development, assay validation, and others are offering laboratory solutions. For instance, In 2019, the facilities of the bio-safety laboratory were expanded to increase their capability and capacity to provide testing services for new viral threats using rapid and advanced testing platforms. Such strategic expansions are expected to have a positive impact on the market. Some companies currently dominating the market are SGS SA, ICON PLC, Laboratory Corporation of America Holdings, Syneos Health Inc., Charles River Laboratories Inc., etc.

Recent Developments

  • In February 2020, Frontage Holdings Corporation, a contract research organization, announced the expansion of its bioanalytical laboratories in Exton, PA, through its wholly-owned subsidiary, Frontage Laboratories, Inc. This will enhance the bioanalytical capabilities in biologics and small molecule drug development, including cell and gene therapies, biomarkers testing, and high-throughput clinical sample management.
  • In January 2020, Charles River Laboratories entered into an exclusive partnership with Fios Genomics. Through this partnership, Charles River clients will have access to Fios Genomics expertise in bioinformatics, statistics, and biology to assist in the sourcing and analysis of the high-dimensional, multi-variant datasets associated with drug development, including microarrays, next-generation sequencing (NGS), proteomics, metabolomics, and epigenetics as well as the associated meta-data.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increased Necessity of Specific Types of Tests in R&D Activities

      2. 4.2.2 Increased Trend of Outsourcing Laboratory Testing Services

    3. 4.3 Market Restraints

      1. 4.3.1 Complex Regulatory Framework to Maintain the Laboratories

      2. 4.3.2 Challenges in the Development of Proper Analytical Techniques

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Molecule Type

      1. 5.1.1 Small Molecules

      2. 5.1.2 Large Molecules

    2. 5.2 By Test Type

      1. 5.2.1 Bioavailability and Bioequivalence Studies

      2. 5.2.2 Pharmacokinetics

      3. 5.2.3 Pharmacodynamics

      4. 5.2.4 Other Test Types

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United states

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East & Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East & Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Pharmaceutical Product Development LLC

      2. 6.1.2 ICON PLC

      3. 6.1.3 Laboratory Corporation of America Holdings

      4. 6.1.4 Charles River Laboratories International Inc.

      5. 6.1.5 Syneos Health

      6. 6.1.6 SGS SA

      7. 6.1.7 Toxikon Corporation

      8. 6.1.8 Intertek Group PLC

      9. 6.1.9 LAB Holdings Inc.

      10. 6.1.10 WuXi PharmaTech (Cayman) Inc.

      11. 6.1.11 Pace Analytical Services LLC

      12. 6.1.12 PRA Health Sciences

      13. 6.1.13 Frontage Labs

      14. 6.1.14 Almac Group

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Global Bioanalytical Testing Services Market market is studied from 2018 - 2026.

The Global Bioanalytical Testing Services Market is growing at a CAGR of 10.3% over the next 5 years.

The Global Bioanalytical Testing Services Market is valued at 1962 Million USD in 2018.

The Global Bioanalytical Testing Services Market is valued at 3534 Million USD in 2026.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

SGS SA, Syneos Health Inc, Charles River Laboratories Inc, Laboratory Corporation of America Holdings, ICON Plc are the major companies operating in Global Bioanalytical Testing Services Market.

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