05-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Bio-Analytical Services Market By Type (Hyphenated Techniques, Chromatographic Methods, Nuclear Magnetic Resonance, Ligand Binding Assays, and Mass Spectrometry) and By Application (Small Molecule Analysis and Large Molecule Analysis): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Bio-Analytical Services market in 2019 was approximately USD 3,177 million. The market is expected to grow at a CAGR of 11% and is anticipated to reach around USD 6,586 million by 2026.
Bioanalysis is a segment of analytical chemistry dealing with the measurement of metabolites, concentration of biological molecules, proteins, macromolecules, and DNA. In recent times there is a surge in demand for bioanalytical services in the pharmaceutical industry owing to the difficulty in conducting these services in-house. Further, the rising awareness related to disease across the world is anticipated to drive this market.
Additionally, the huge investments of the government in the field of general health wellness during the forecast period are anticipated to fuel market growth. Moreover, the key players working in the pharmaceutical industry are heavily investing in the R&D of new drugs which will push the market growth even further.
However, stringent government policies and expensive treatment might hamper the market growth during the forecast period. Conversely, the new government policies of producing cheaper and more effective drugs are anticipated to provide lucrative opportunities for the emerging and existing players of the Bio-analytical services industry.
Browse the full “Bio-Analytical Services Market By Type (Hyphenated Techniques, Chromatographic Methods, Nuclear Magnetic Resonance, Ligand Binding Assays, and Mass Spectrometry) and By Application (Small Molecule Analysis and Large Molecule Analysis): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/bio-analytical-services-market-by-type-hyphenated-techniques-637
Segmental Overview:
On the basis of the type chromatographic Method, dominated the market in 2019 with an approximate market share of 33% 2019 and revenue of USD 700 million. This growth is primarily attributable to the advantages of chromatography techniques such as high flexibility and adaptability combined with the capability of analyzing complex mixtures.
On the basis of application, small molecule analysis held the leading market share of approximately 75% in 2019. Most of the generic drugs are in small molecular form and this is the driving factor for the growth of this segment.
Regional Overview:
North America dominated the global bio-analytical services market with around 35% of the global market share and revenue of USD 706 million in 2019. This growth is primarily attributable to the presence of key pharmaceutical manufacturing hubs in this region accompanied by the rising demand for healthcare services in this region.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 3,177 Million |
Projected Market Size in 2026 |
USD 6,586 Million |
CAGR Growth Rate |
11% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Bio-Analytical Services market, but not restricted to include Covance Inc, ICON plc, Pharmaceutical Product Development LLC, Eurofins Scientific, KCAS, Charles River Laboratories International Inc, Intertek Group plc, Euro Diagnostica AB, InVentiv Health Clinical, Cambridge Biomedical, Caprion, BioAgilytix Labs, IMET, Nutrasource Diagnostics Inc, Q 2 Solutions, Absorption Systems LP, Ricerca, SGS United Kingdom Ltd, Dynakin, LKF, Particle Sciences, Celerion, Paraxel International Corporation, Worldwide Clinical Trials, Bioanalytical Laboratory Services, LGC, Sussex Research Laboratories Inc, Wuxi AppTec, SmithersAvanza,, and others. |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Competitive Landscape:
Some of the essential players operating in the Bio-Analytical Services market, but not restricted to include Covance Inc, ICON plc, Pharmaceutical Product Development LLC, Eurofins Scientific, KCAS, Charles River Laboratories International Inc, Intertek Group plc, Euro Diagnostica AB, InVentiv Health Clinical, Cambridge Biomedical, Caprion, BioAgilytix Labs, IMET, Nutrasource Diagnostics Inc, Q 2 Solutions, Absorption Systems LP, Ricerca, SGS United Kingdom Ltd, Dynakin, LKF, Particle Sciences, Celerion, Paraxel International Corporation, Worldwide Clinical Trials, Bioanalytical Laboratory Services, LGC, Sussex Research Laboratories Inc, Wuxi AppTec, SmithersAvanza, and others.
This report segments the Bio-Analytical Services market as follows:
Global Bio-Analytical Services Market: By Type Segmentation Analysis
- Hyphenated Techniques
- Chromatographic Methods
- Nuclear Magnetic Resonance
- Ligand Binding Assays
- Mass Spectrometry
Global Bio-Analytical Services Market: By Application Segmentation Analysis
- Small Molecule Analysis
- Large Molecule Analysis
Global Bio-Analytical Services Market: Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
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