Press release
North America Bioanalytical Testing Services Market could be worth 1,798.03 million by 2030,,says Business Market Insights
The North America bioanalytical testing services market was valued at US$ 1,798.03 million in 2022 and is expected to reach US$ 3,971.42 million by 2030; it is estimated to grow at a CAGR of 10.4% from 2022 to 2030.Get PDF Sample Report + All Related Table and Graphs @: https://www.premiummarketinsights.com/sample/BMIRE00029563?utm_source=OpenPR&utm_medium=10823
Competitive Landscape: North America Bioanalytical Testing Services Market:
Bioanalytical testing services are used for the quantitative estimation of drugs and their metabolites in biological fluids. This testing is performed in the early stages of the drug development. Various biotechnology companies are engaging in collaborations to accelerate R&D activities and scale them up on a global level. Several ongoing drug research studies have shown positive outcomes for effectively treating chronic disorders such as cancer, neurological disorders, and autoimmune disorders. An upsurge in the prevalence of such disorders, coupled with the increase in R&D activities, would create demand for bioanalytical testing services in the coming years. An increase in the incidence of rare disorders such as amyloidosis, adrenoleukodystrophy, and Ehlers-Danlos syndrome has further bolstered the R&D activities for the development of interventions against them, which has been generating the demand for specific bioanalytical testing services. According to the Food and Drug Administration (FDA), in 2022, the Center for Drug Evaluation and Research (CDER) approved 37 novel drugs. Out of 37, 20 drugs were approved for rare diseases. Similarly, Congressional Budget Office (CBO) reported that the FDA approved 38 new drugs per year, on average, from 2010 through 2019 (with a peak of 59 in 2018), which is 60% more than the yearly average over the previous decade. Thus, the continuous efforts of drug companies to discover and develop drugs against rare and emerging diseases are expected to provide lucrative opportunities for the expansion of the bioanalytical testing service businesses during the forecast period.
SGS SA
Pharmaron Beijing Co Ltd
Element Materials Technology Group Ltd
CD BioSciences Inc
Charles River Laboratories International Inc
Eurofins Scientific SE
Labcorp Drug Development Inc
Syneos Health Inc
KCAS Bioanalytical Biomarker Services LLC
ICON Plc,
Intertek Group Plc
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Chapter Details of North America Bioanalytical Testing Services Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: North America Bioanalytical Testing Services Market Landscape
Part 04: North America Bioanalytical Testing Services Market Sizing
Part 05: North America Bioanalytical Testing Services Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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