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Bio-Analytical Services Market Size, Share Global Analysis Report, 2020–2026
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 Forecast 2020–2026
Industry Insights
According to the report published by Facts & Factors, the global bio-analytical services market size was worth around USD 3177 million in 2019 and is predicted to grow around USD 6586 million by 2026 with a compound annual growth rate (CAGR) of roughly 11% between 2020 and 2026. The report analyzes the global Bio-Analytical Services market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Bio-Analytical Services market.
The Bio-Analytical Services market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire-Analytical Services market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Bio-Analytical Services industry. The report analyzes and declares the historical and current trends analysis of the Bio-Analytical Services industry and subsequently recommends the projected trends anticipated to be observed in the Bio-Analytical Services market during the upcoming years.
Key Insights from Primary Research
- As per our primary respondents, the Analytical Services market is set to grow annually at a rate of around 12%.
- It was established through primary research that the Bio-Analytical Services market was valued at around USD 3177 million in 2019.
- After secondary research, we performed face-to-face interviews to validate our data. The insights interviewees declared that Small Molecule Analysis is the most used type for the global Bio-Analytical Services market.
- On the basis of the type, Small Molecule analysis dominated the global Bio-Analytical Services market in 2019. It accounted for around 75% share of the total market in 2019.
- The Chromatographic Methods, on the basis of type segmentation, was the leading revenue-generating category accounting for around 35% share, in 2019.
Key Recommendations from Analysts
- Based on the exhaustive secondary research done by our team, the small molecule analysis type is anticipated to become the most demanding type in the upcoming years, owing to the growing demand for Bio-Analytical Services from the pharmaceutical industry for various end-use applications.
- As per our analysts, North America recorded the highest market share of more than 32% by 2026, and the market is expected to bolster in this region, resulting in creating lucrative opportunities for new players.
- Growing at a CAGR of around 12%, the Bio-Analytical Services market provides numerous opportunities for all of the involved stakeholders across the entire value chain.
- Our analysts have identified small molecules and Chromatographic Methodscategories as the leading investment pockets for the Bio-Analytical Services market in terms of type and application segmentation respectively.
- Our analysts recommend the emerging players focus on small molecules owing to the substantial growth of the Bio-Analytical Services industry, especially in APAC and Middle-eastern regions and the increased adaptation of chromatographic methods in the pharmaceutical industry.
Market Attractiveness – By Type
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Bio-Analytical Services industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Bio-Analytical Services industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Bio-Analytical Services market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Bio-Analytical Services industry. The Bio-Analytical Services market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Bio-Analytical Services sector. Key strategic developments in the Bio-Analytical Services market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Bio-Analytical Services market are appropriately highlighted in the report.
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.
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 |
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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Regional Overview:
The Bio-Analytical Services market research report delivers an acute valuation and taxonomy of the Bio-Analytical Services industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
The regional segmentation of the Bio-Analytical Services industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Bio-Analytical Services industry is provided for the leading economies of the world.
The Bio-Analytical Services market is segmented based on Type and Application. On the basis of type segmentation, the market is classified into Hyphenated Techniques, Chromatographic Methods, Nuclear Magnetic Resonance, Ligand Binding Assays, and Mass Spectrometry. In terms of Application segmentation, the market is bifurcated into Small Molecule Analysis and Large Molecule Analysis.
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
- Caption
- 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
The taxonomy of the Bio-Analytical Services industry by its scope and segmentation is as follows:
By Type Segmentation Analysis
- Hyphenated Techniques
- Chromatographic Methods
- Nuclear Magnetic Resonance
- Ligand Binding Assays
- Mass Spectrometry
By Application Segmentation Analysis
- Small Molecule Analysis
- Large Molecule Analysis
Global Bio-Analytical Services Market: Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- 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
Table of Content
Industry Major Market Players
- 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
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