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Bioanalytical Testing Services Market Share

Report ID: GMI8443
Published Date: Mar 2024
Report Format: PDF

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Bioanalytical Testing Services Market Share

The bioanalytical testing services industry is characterized by the presence of several key players offering innovative solutions to healthcare providers. The strategic partnerships, mergers, and acquisitions are common strategies employed by players to expand their market presence, enhance their product portfolios, and gain a competitive advantage.

Bioanalytical Testing Services Market Companies

Prominent players operating in the bioanalytical testing services industry include:

BioAgilytix
Charles River Laboratories, Inc.
Eurofins Scientific
Frontage Labs
ICON Plc
Intertek Group Plc
Labcorp Drug Development
Pace Analytical Services LLC
SGS Société Générale de Surveillance SA
Syneos Health
Thermo Fisher Scientific Inc.
WuXi AppTec

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global market size for bioanalytical testing services was valued at USD 3.8 billion in 2023 and is predicted to reach USD 8.1 billion by 2032, attributed to the increasing volume of ongoing research activities & clinical trials, along with the development of complex therapeutic modalities.

The small molecule segment accounted for major market share of 56.1% in 2023 and is expected to dominate through 2032 attributed to the advancements in medical science concerning small molecules and the growing demand to address unmet medical needs.

North America market for bioanalytical testing services accounted for USD 1.6 billion in 2023 and is anticipated to observe 8.4% CAGR between 2024-2032 owing to the increasing investment in the R&D of new drugs by pharmaceutical and biotechnology companies.

BioAgilytix, Charles River Laboratories, Inc., Eurofins Scientific, Frontage Labs, ICON Plc, Intertek Group Plc, Labcorp Drug Development, Pace Analytical Services LLC, SGS Soci