The increasing awareness about the significance of bioanalytical services has steered its seismic market growth. Prominent research suggests that the bioanalytical testing services market is expected to reach USD 3.7 billion by 2025 at a CAGR of 11.8 percent. The market growth primarily attributes to the increasing focus on the analytical testing of biologics and biosimilars, rising preferences for outsourcing analytical services, and growing R&D expenditure in the pharmaceuticals and biopharmaceutical sectors. Further, in the previous year, Europe accounted for the second-largest revenue share in the global market.
The global bioanalytical services market today can be segmented on the basis of different factors, including ‘test type’, ‘service type’, and so on. The market presents different classifications of the test types that include ADME (absorption, distribution, metabolism, and excretion), pharmacodynamics, pharmacokinetics, bioavailability, bioequivalence, and many more. Similarly, based on service type, the analytical services are grouped into discovery bioanalysis services (non-GLP services), non-clinical bioanalysis services (GLP), and clinical bioanalysis services (GLP). These significantly aid the spaces of pharmaceutical, biotechnology, contract research organization, to name a few. To execute different analytics, multiple platforms are being deployed, ranging from gas chromatography, ligand binding assays, LC/ MS, immunoassays, cell-based assays, and mass spectrometry. However, companies have realized the high costs and time invested in conducting the services in-house, which is why the predominance of bioanalytical service providers has soared quickly.
In the wake of such increasing demand for bioanalytical services, we have compiled this issue of Life Science Review to help companies achieve their goals with the right bioanalytical service provider that can drive your company to garner top-notch services to help in the drug development processes with the required analytics. Besides, the magazine comprises valuable insights from subject-matter experts, CIOs, and CXOs on the current trends, technological improvements, and innovations and portrays their expertise.
To guide you through identifying the best-matched bioanalytical service providers, Life Science Review presents to you “Top 10 Bioanalytical Services Companies in Europe - 2021.”