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– Substantial demand for small molecular and large molecular bioanalytical services among pharma & biotechnology companies to generate sizable revenue streams
– Providers offering immunochemistry services to tap into massive lucrative streams in ongoing clinical trials; North America and Asia Pacific expected to be potentially lucrative markets
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Jan 10, 2022, 08:30 ET
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ALBANY, N.Y., Jan. 10, 2022 /PRNewswire/ — Transparency Market Research: The array of bioanalytical services has enormously expanded for various stages of drug development life cycles, pharmaceuticals, biopharmaceuticals, vaccines, and biosimilars. The demand for bioanalytical services to support clinical development and regulatory filing has risen across pharmaceutical and biotech companies. The global bioanalytical services market is projected to advance at CAGR of 8.2% during the forecast period (2021–2031).
Service providers have reaped lucrative revenue gains from the widespread uptake of immunochemistry services. In recent months, the demand for bioanalytical services for the development of drugs and vaccines for COVID-19 infection has accelerated the growth prospects of the bioanalytical services market.
End users are benefitting from cutting-edge research and development (R&D) experience for regulatory and non-regulatory guidelines and standardizations for immunological assay testing. Moreover, the growing demand for large molecule bioanalysis for biologic drugs and biomarker analysis is propelling the revenue prospects.
Leading players in the bioanalytical services market are keenly expanding their network of experts to meet the needs of elemental bioanalysis and biosimilar analysis among end users. Service providers are leaning on understanding, estimating, and resolving the complexities of quantitative immunoassays and challenges in pre-clinical testing methods.
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Key Findings of Bioanalytical Services Market Study
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Bioanalytical Services Market: Key Drivers
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Bioanalytical Services Market: Regional Growth Dynamics
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Bioanalytical Services Market: Key Players
Some of the prominent companies in the bioanalytical services market are:
Global Bioanalytical Services Market: Segmentation
Bioanalytical Services Market, by Service
Bioanalytical Services Market, by Type
Bioanalytical Services Market, by End-user
Bioanalytical Services Market, by Region
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