The global large molecule bioanalytical testing services market size is expected to reach USD 3.5 billion by 2030, registering a CAGR of 9.1% over the forecast period, according to a new report by Grand View Research, Inc. The increased use of bioanalytical testing in clinical trials of biomarkers, large molecules, and other substances is the main driver of the industry. The rising incidence of chronic diseases and the rising demand for clinical trials in developing nations are the factors driving the market growth. For instance, according to the WHO, around 10 million people died from cancer in 2020. As per the estimates of cancer, 30.2 million people are likely to have cancer by 2040. Other factors that are anticipated to drive the segment growth include a rise in biologics, high demand for advanced technologies, and the need for personalized orphan drugs & medicines.
It is also projected that factors like technological advancement, globalization of clinical trials, and the rising need for CROs to perform clinical trials will accelerate industry expansion. Large pharmaceutical and bioanalytical firms, however, encountered difficulties as a result of the COVID-19 pandemic, which hampered clinical studies and treatments. Along with the workload of the COVID-19 project, which involves starting clinical trials, preclinical testing, doing bioanalysis, and interacting with regulatory bodies, other difficulties include the loss of workers at sites. The non-Covid initiatives were delayed, and there were lengthy 4-6 month wait times as a result of the resources being used to support the bioanalytical, preclinical, and clinical testing for the Covid trials. They must also resolve assays that are related to Covid and those that are not.
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The clinical segment dominated the global industry in 2021. The growing prevalence of chronic diseases and increasing demand for clinical trials in developing countries are factors expected to drive segment growth
The ADA-type segment dominated the global industry in 2021 and accounted for the largest share of the overall revenue
Bioavailability was the largest test segment share in 2021 on account of the increasing adoption in generic drug manufacturing
The oncology segment held the largest revenue share in 2021 due to the increasing prevalence of cancer globally
Asia Pacific is projected to witness the fastest CAGR during the forecast years due to the rising healthcare expenditure, particularly in India and China
Grand View Research has segmented the global large molecule bioanalytical testing services market based on phase, type, test type, therapeutic areas, end-user, and region:
Large Molecule Bioanalytical Testing Services Phase Outlook (Revenue, USD Million, 2018 - 2030)
Preclinical
With Antibody
Without Antibody (ELISA Based Assay)
Clinical
Large Molecule Bioanalytical Testing Services Type Outlook (Revenue, USD Million, 2018 - 2030)
Pharmacokinetics
ADA
Others
Large Molecule Bioanalytical Testing Services Test Type Outlook (Revenue, USD Million, 2018 - 2030)
ADME
PD
Bioavailability
Bioequivalence
Other Tests
Large Molecule Bioanalytical Testing Services Therapeutic Areas Outlook (Revenue, USD Million, 2018 - 2030)
Oncology
Infectious Diseases
Cardiology
Neurology
Others
Large Molecule Bioanalytical Testing Services End-user Outlook (Revenue, USD Million, 2018 - 2030)
SMEs
CROs & CMOs
Sponsor Organizations
Others (Academic Institute, etc.)
Large Firms
CROs & CMOs
Sponsor Organizations
Others (Academic Institute, etc.)
Large Molecule Bioanalytical Testing Services Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Asia Pacific
Japan
China
India
Thailand
South Korea
Latin America
Brazil
Mexico
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE
List of Key Players in the Large Molecule Bioanalytical Testing Services Market
Covance
IQVIA
Syneos Health
SGS SA
Toxikon
Intertek Group plc
Pace Analytical Services LLC
ICON Plc
Charles River Laboratories
Thermo Fisher Scientific
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