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Bioanalytical Testing Service Global Market Insights 2025, Analysis and Forecast to 2030, by Market Participants, Regions, Technology, Application

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    Report

  • 126 Pages
  • January 2025
  • Region: Global
  • Prof Research
  • ID: 5770350
The global Bioanalytical Testing Service Market has witnessed significant growth as the pharmaceutical and biotechnology sectors expand their R&D activities. This overview highlights key dimensions of the market from 2024 to 2029, including market size, trends, competitive landscape, and forecasts.

Market Overview

Bioanalytical testing services are crucial for assessing the safety and efficacy of pharmaceutical and biotech products. These services apply various techniques to analyze biological samples, ensuring that end products meet stringent regulatory standards. The market has gained momentum, driven by increasing demand from pharmaceutical companies, contract research organizations (CROs), and contract development and manufacturing organizations (CDMOs).

Market Size and Forecast

As of 2023, the global bioanalytical testing service market was valued at approximately USD 4 billion. With a projected compound annual growth rate (CAGR) of 5% to 10% from 2024 to 2029, the market is anticipated to reach USD 6 to 7 billion by 2029. The expansion is largely attributed to increasing demands for biologics and biosimilars in drug development.

Market Share & Trends Analysis

By Product Type

The bioanalytical testing services market is segmented by product type as follows:
  • Clinical Testing Services
  • Preclinical Testing Services
  • Molecular Testing Services
Among these, clinical testing services dominate the market due to an increase in clinical trials across the globe, accounting for approximately 45% - 50% of the overall market share in 2023.

Key Players Analysis

The landscape of bioanalytical testing services features key players, including:
  • Charles River Laboratories
  • Medpace
  • WuXi AppTec
  • Eurofins Scientific
  • IQVIA
  • SGS
  • Laboratory Corporation of America Holdings (LabCorp)
  • Intertek Group
  • Syneos Health
  • ICON PLC
  • Frontage Labs
  • PPD
  • PAREXEL International Corporation
  • Almac Group
  • Celerion
  • Altasciences
  • BioAgilytix Labs
  • LGS
  • Sartorius
  • CD BioSciences
  • Absorption Systems
  • Pace Analytical Services
These players focus on strategic collaborations and acquisitions to expand their market reach and enhance service offerings.

By Process

The market can also be categorized based on various testing processes:
  • Ligand Binding Assays
  • Biomarker Analysis
  • Cell-Based Assays
Ligand binding assays are expected to capture a significant market share, owing to their versatility in supporting drug development pipelines.

By Application

The application segment of the market comprises:
  • Pharmaceutical and Biopharmaceutical Companies
  • Contract Development and Manufacturing Organizations
  • Contract Research Organizations
Pharmaceutical and biopharmaceutical companies hold a substantial share, amounting to around 50% - 55% of the market due to heightened investment in drug discovery and development.

By End-Use

The end-use segment reveals the following major categories:
  • Research Laboratories
  • Healthcare Institutions
  • Pharmaceutical Companies
Pharmaceutical companies remain the leading end-users, driven by their continuous need for bioanalytical testing in product development.

Regional Analysis

The bioanalytical testing service market exhibits substantial regional variations, with North America, Europe, and Asia-Pacific leading in revenues:
  • North America: Holds approximately 40% - 45% of the market share, supported by advanced healthcare infrastructure and a high number of clinical trials.
  • Europe: Accounts for around 30% - 35% of the market share, with significant contributions from countries like Germany, France, and the UK.
  • Asia-Pacific: Expected to grow at the highest rate (CAGR of 6% - 9%) in the coming years due to the expanding pharmaceutical sectors in India and China.

Market News and Policy Trends

Recent trends in government policies and regulations are influencing the bioanalytical testing services market. For instance, the FDA and EMA have tightened regulations around therapeutic and diagnostic products, propelling companies to invest more in bioanalytical service capabilities to comply efficiently.

Additionally, there has been an increasing focus on personalized medicine, prompting bioanalytical services to adapt and innovate rapidly. Companies are increasingly investing in cutting-edge technologies like Liquid Chromatography-Mass Spectrometry (LC-MS) to cater to the evolving market needs.

Segment Forecasts: 2024 - 2029

Looking ahead, the bioanalytical testing service market is projected to maintain its upward trajectory. Key projections include:
  • The pharmaceutical and biopharmaceutical companies segment is expected to integrity further, with a growth rate of 5% - 10%.
  • North America will continue to lead the market, whereas the Asia-Pacific region is likely to witness the fastest growth.
  • Technological advancements in testing methodologies will enable new opportunities and efficiencies, positioning market players for sustained growth.
In conclusion, the bioanalytical testing service market is poised for substantial growth in the coming years. A robust pipeline of drugs, stringent regulatory frameworks, and evolving application aspects are all contributing factors that will shape the market landscape from 2024 to 2029.

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Table of Contents

Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Bioanalytical Testing Service Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Historical and Forecast Bioanalytical Testing Service Market in North America (2020-2030)
8.1 Bioanalytical Testing Service Market Size
8.2 Bioanalytical Testing Service Market by End Use
8.3 Competition by Players/Suppliers
8.4 Bioanalytical Testing Service Market Size by Type
8.5 Key Countries Analysis
8.5.1 United States
8.5.2 Canada
8.5.3 Mexico
Chapter 9 Historical and Forecast Bioanalytical Testing Service Market in South America (2020-2030)
9.1 Bioanalytical Testing Service Market Size
9.2 Bioanalytical Testing Service Market by End Use
9.3 Competition by Players/Suppliers
9.4 Bioanalytical Testing Service Market Size by Type
9.5 Key Countries Analysis
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Peru
Chapter 10 Historical and Forecast Bioanalytical Testing Service Market in Asia & Pacific (2020-2030)
10.1 Bioanalytical Testing Service Market Size
10.2 Bioanalytical Testing Service Market by End Use
10.3 Competition by Players/Suppliers
10.4 Bioanalytical Testing Service Market Size by Type
10.5 Key Countries Analysis
10.5.1 China
10.5.2 India
10.5.3 Japan
10.5.4 South Korea
10.5.5 Southeast Asia
10.5.6 Australia
Chapter 11 Historical and Forecast Bioanalytical Testing Service Market in Europe (2020-2030)
11.1 Bioanalytical Testing Service Market Size
11.2 Bioanalytical Testing Service Market by End Use
11.3 Competition by Players/Suppliers
11.4 Bioanalytical Testing Service Market Size by Type
11.5 Key Countries Analysis
11.5.1 Germany
11.5.2 France
11.5.3 United Kingdom
11.5.4 Italy
11.5.5 Spain
11.5.6 Belgium
11.5.7 Netherlands
11.5.8 Austria
11.5.9 Poland
11.5.10 Russia
Chapter 12 Historical and Forecast Bioanalytical Testing Service Market in MEA (2020-2030)
12.1 Bioanalytical Testing Service Market Size
12.2 Bioanalytical Testing Service Market by End Use
12.3 Competition by Players/Suppliers
12.4 Bioanalytical Testing Service Market Size by Type
12.5 Key Countries Analysis
12.5.1 Egypt
12.5.2 Israel
12.5.3 South Africa
12.5.4 Gulf Cooperation Council Countries
12.5.5 Turkey
Chapter 13 Summary For Global Bioanalytical Testing Service Market (2020-2025)
13.1 Bioanalytical Testing Service Market Size
13.2 Bioanalytical Testing Service Market by End Use
13.3 Competition by Players/Suppliers
13.4 Bioanalytical Testing Service Market Size by Type
Chapter 14 Global Bioanalytical Testing Service Market Forecast (2025-2030)
14.1 Bioanalytical Testing Service Market Size Forecast
14.2 Bioanalytical Testing Service Application Forecast
14.3 Competition by Players/Suppliers
14.4 Bioanalytical Testing Service Type Forecast
Chapter 15 Analysis of Global Key Vendors
15.1 Charles River
15.1.1 Company Profile
15.1.2 Main Business and Bioanalytical Testing Service Information
15.1.3 SWOT Analysis of Charles River
15.1.4 Charles River Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
15.2 Medpace
15.2.1 Company Profile
15.2.2 Main Business and Bioanalytical Testing Service Information
15.2.3 SWOT Analysis of Medpace
15.2.4 Medpace Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
15.3 WuXi AppTec
15.3.1 Company Profile
15.3.2 Main Business and Bioanalytical Testing Service Information
15.3.3 SWOT Analysis of WuXi AppTec
15.3.4 WuXi AppTec Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
15.4 Eurofins Scientific
15.4.1 Company Profile
15.4.2 Main Business and Bioanalytical Testing Service Information
15.4.3 SWOT Analysis of Eurofins Scientific
15.4.4 Eurofins Scientific Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
15.5 IQVIA
15.5.1 Company Profile
15.5.2 Main Business and Bioanalytical Testing Service Information
15.5.3 SWOT Analysis of IQVIA
15.5.4 IQVIA Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
15.6 SGS
15.6.1 Company Profile
15.6.2 Main Business and Bioanalytical Testing Service Information
15.6.3 SWOT Analysis of SGS
15.6.4 SGS Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
15.7 Laboratory Corporation of America Holdings
15.7.1 Company Profile
15.7.2 Main Business and Bioanalytical Testing Service Information
15.7.3 SWOT Analysis of Laboratory Corporation of America Holdings
15.7.4 Laboratory Corporation of America Holdings Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
15.8 Intertek Group
15.8.1 Company Profile
15.8.2 Main Business and Bioanalytical Testing Service Information
15.8.3 SWOT Analysis of Intertek Group
15.8.4 Intertek Group Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
15.9 Syneos Health
15.9.1 Company Profile
15.9.2 Main Business and Bioanalytical Testing Service Information
15.9.3 SWOT Analysis of Syneos Health
15.9.4 Syneos Health Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
15.10 ICON
15.10.1 Company Profile
15.10.2 Main Business and Bioanalytical Testing Service Information
15.10.3 SWOT Analysis of ICON
15.10.4 ICON Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
15.11 Frontage Labs
15.11.1 Company Profile
15.11.2 Main Business and Bioanalytical Testing Service Information
15.11.3 SWOT Analysis of Frontage Labs
15.11.4 Frontage Labs Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
15.12 PPD
15.12.1 Company Profile
15.12.2 Main Business and Bioanalytical Testing Service Information
15.12.3 SWOT Analysis of PPD
15.12.4 PPD Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
15.13 PAREXEL International Corporation
15.13.1 Company Profile
15.13.2 Main Business and Bioanalytical Testing Service Information
15.13.3 SWOT Analysis of PAREXEL International Corporation
15.13.4 PAREXEL International Corporation Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
15.14 Almac Group
15.14.1 Company Profile
15.14.2 Main Business and Bioanalytical Testing Service Information
15.14.3 SWOT Analysis of Almac Group
15.14.4 Almac Group Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
15.15 Celerion
15.15.1 Company Profile
15.15.2 Main Business and Bioanalytical Testing Service Information
15.15.3 SWOT Analysis of Celerion
15.15.4 Celerion Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
15.16 Altasciences
15.16.1 Company Profile
15.16.2 Main Business and Bioanalytical Testing Service Information
15.16.3 SWOT Analysis of Altasciences
15.16.4 Altasciences Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
15.17 BioAgilytix Labs
15.17.1 Company Profile
15.17.2 Main Business and Bioanalytical Testing Service Information
15.17.3 SWOT Analysis of BioAgilytix Labs
15.17.4 BioAgilytix Labs Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
15.18 LGS
15.18.1 Company Profile
15.18.2 Main Business and Bioanalytical Testing Service Information
15.18.3 SWOT Analysis of LGS
15.18.4 LGS Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
15.19 Sartorius
15.19.1 Company Profile
15.19.2 Main Business and Bioanalytical Testing Service Information
15.19.3 SWOT Analysis of Sartorius
15.19.4 Sartorius Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
15.20 CD BioSciences
15.20.1 Company Profile
15.20.2 Main Business and Bioanalytical Testing Service Information
15.20.3 SWOT Analysis of CD BioSciences
15.20.4 CD BioSciences Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
15.21 Absorption Systems
15.21.1 Company Profile
15.21.2 Main Business and Bioanalytical Testing Service Information
15.21.3 SWOT Analysis of Absorption Systems
15.21.4 Absorption Systems Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
15.22 Pace Analytical Services
15.22.1 Company Profile
15.22.2 Main Business and Bioanalytical Testing Service Information
15.22.3 SWOT Analysis of Pace Analytical Services
15.22.4 Pace Analytical Services Bioanalytical Testing Service Revenue, Gross Margin and Market Share (2020-2025)
List of Tables and Figures
Table Abbreviation and Acronyms
Table Research Scope of Bioanalytical Testing Service Report
Table Data Sources of Bioanalytical Testing Service Report
Table Major Assumptions of Bioanalytical Testing Service Report
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Bioanalytical Testing Service Picture
Table Bioanalytical Testing Service Classification
Table Bioanalytical Testing Service Applications
Table Drivers of Bioanalytical Testing Service Market
Table Restraints of Bioanalytical Testing Service Market
Table Opportunities of Bioanalytical Testing Service Market
Table Threats of Bioanalytical Testing Service Market
Table COVID-19 Impact For Bioanalytical Testing Service Market
Table Raw Materials Suppliers
Table Different Production Methods of Bioanalytical Testing Service
Table Cost Structure Analysis of Bioanalytical Testing Service
Table Key End Users
Table Latest News of Bioanalytical Testing Service Market
Table Merger and Acquisition
Table Planned/Future Project of Bioanalytical Testing Service Market
Table Policy of Bioanalytical Testing Service Market
Table 2020-2030 North America Bioanalytical Testing Service Market Size
Figure 2020-2030 North America Bioanalytical Testing Service Market Size and CAGR
Table 2020-2030 North America Bioanalytical Testing Service Market Size by Application
Table 2020-2025 North America Bioanalytical Testing Service Key Players Revenue
Table 2020-2025 North America Bioanalytical Testing Service Key Players Market Share
Table 2020-2030 North America Bioanalytical Testing Service Market Size by Type
Table 2020-2030 United States Bioanalytical Testing Service Market Size
Table 2020-2030 Canada Bioanalytical Testing Service Market Size
Table 2020-2030 Mexico Bioanalytical Testing Service Market Size
Table 2020-2030 South America Bioanalytical Testing Service Market Size
Figure 2020-2030 South America Bioanalytical Testing Service Market Size and CAGR
Table 2020-2030 South America Bioanalytical Testing Service Market Size by Application
Table 2020-2025 South America Bioanalytical Testing Service Key Players Revenue
Table 2020-2025 South America Bioanalytical Testing Service Key Players Market Share
Table 2020-2030 South America Bioanalytical Testing Service Market Size by Type
Table 2020-2030 Brazil Bioanalytical Testing Service Market Size
Table 2020-2030 Argentina Bioanalytical Testing Service Market Size
Table 2020-2030 Chile Bioanalytical Testing Service Market Size
Table 2020-2030 Peru Bioanalytical Testing Service Market Size
Table 2020-2030 Asia & Pacific Bioanalytical Testing Service Market Size
Figure 2020-2030 Asia & Pacific Bioanalytical Testing Service Market Size and CAGR
Table 2020-2030 Asia & Pacific Bioanalytical Testing Service Market Size by Application
Table 2020-2025 Asia & Pacific Bioanalytical Testing Service Key Players Revenue
Table 2020-2025 Asia & Pacific Bioanalytical Testing Service Key Players Market Share
Table 2020-2030 Asia & Pacific Bioanalytical Testing Service Market Size by Type
Table 2020-2030 China Bioanalytical Testing Service Market Size
Table 2020-2030 India Bioanalytical Testing Service Market Size
Table 2020-2030 Japan Bioanalytical Testing Service Market Size
Table 2020-2030 South Korea Bioanalytical Testing Service Market Size
Table 2020-2030 Southeast Asia Bioanalytical Testing Service Market Size
Table 2020-2030 Australia Bioanalytical Testing Service Market Size
Table 2020-2030 Europe Bioanalytical Testing Service Market Size
Figure 2020-2030 Europe Bioanalytical Testing Service Market Size and CAGR
Table 2020-2030 Europe Bioanalytical Testing Service Market Size by Application
Table 2020-2025 Europe Bioanalytical Testing Service Key Players Revenue
Table 2020-2025 Europe Bioanalytical Testing Service Key Players Market Share
Table 2020-2030 Europe Bioanalytical Testing Service Market Size by Type
Table 2020-2030 Germany Bioanalytical Testing Service Market Size
Table 2020-2030 France Bioanalytical Testing Service Market Size
Table 2020-2030 United Kingdom Bioanalytical Testing Service Market Size
Table 2020-2030 Italy Bioanalytical Testing Service Market Size
Table 2020-2030 Spain Bioanalytical Testing Service Market Size
Table 2020-2030 Belgium Bioanalytical Testing Service Market Size
Table 2020-2030 Netherlands Bioanalytical Testing Service Market Size
Table 2020-2030 Austria Bioanalytical Testing Service Market Size
Table 2020-2030 Poland Bioanalytical Testing Service Market Size
Table 2020-2030 Russia Bioanalytical Testing Service Market Size
Table 2020-2030 MEA Bioanalytical Testing Service Market Size
Figure 2020-2030 MEA Bioanalytical Testing Service Market Size and CAGR
Table 2020-2030 MEA Bioanalytical Testing Service Market Size by Application
Table 2020-2025 MEA Bioanalytical Testing Service Key Players Revenue
Table 2020-2025 MEA Bioanalytical Testing Service Key Players Market Share
Table 2020-2030 MEA Bioanalytical Testing Service Market Size by Type
Table 2020-2030 Egypt Bioanalytical Testing Service Market Size
Table 2020-2030 Israel Bioanalytical Testing Service Market Size
Table 2020-2030 South Africa Bioanalytical Testing Service Market Size
Table 2020-2030 Gulf Cooperation Council Countries Bioanalytical Testing Service Market Size
Table 2020-2030 Turkey Bioanalytical Testing Service Market Size
Table 2020-2025 Global Bioanalytical Testing Service Market Size by Region
Table 2020-2025 Global Bioanalytical Testing Service Market Size Share by Region
Table 2020-2025 Global Bioanalytical Testing Service Market Size by Application
Table 2020-2025 Global Bioanalytical Testing Service Market Share by Application
Table 2020-2025 Global Bioanalytical Testing Service Key Vendors Revenue
Figure 2020-2025 Global Bioanalytical Testing Service Market Size and Growth Rate
Table 2020-2025 Global Bioanalytical Testing Service Key Vendors Market Share
Table 2020-2025 Global Bioanalytical Testing Service Market Size by Type
Table 2020-2025 Global Bioanalytical Testing Service Market Share by Type
Table 2025-2030 Global Bioanalytical Testing Service Market Size by Region
Table 2025-2030 Global Bioanalytical Testing Service Market Size Share by Region
Table 2025-2030 Global Bioanalytical Testing Service Market Size by Application
Table 2025-2030 Global Bioanalytical Testing Service Market Share by Application
Table 2025-2030 Global Bioanalytical Testing Service Key Vendors Revenue
Figure 2025-2030 Global Bioanalytical Testing Service Market Size and Growth Rate
Table 2025-2030 Global Bioanalytical Testing Service Key Vendors Market Share
Table 2025-2030 Global Bioanalytical Testing Service Market Size by Type
Table 2025-2030 Bioanalytical Testing Service Global Market Share by Type

Companies Mentioned

  • Charles River
  • Medpace
  • WuXi AppTec
  • Eurofins Scientific
  • IQVIA
  • SGS
  • Laboratory Corporation of America Holdings
  • Intertek Group
  • Syneos Health
  • ICON
  • Frontage Labs
  • PPD
  • PAREXEL International Corporation
  • Almac Group
  • Celerion
  • Altasciences
  • BioAgilytix Labs
  • LGS
  • Sartorius
  • CD BioSciences
  • Absorption Systems
  • Pace Analytical Services