Bioanalytical Testing Market Size, Share, Opportunities, And Trends By Molecule (Small Molecule, Large Molecule, LC-MS Studies, Immunoassays, Others), By Test (ADME (In-Vivo, In-Vitro), PK, PD, Bioavailability, Bioequivalence), By Therapeutic Area (Oncology, Neurology, Metabolic Disorders, Hematology, Immunology, Orthopedics, Others), By End-User (Pharmaceutical And Biotechnology Companies, Contract Development And Manufacturing Organization, Contract Research Organization, Others), And By Geography - Forecasts From 2023 To 2028

  • Published : Aug 2023
  • Report Code : KSI061615889
  • Pages : 149

The bioanalytical testing market is anticipated to grow at a steady pace throughout the forecast period. Bioanalytical testing involves the quantitative measurement of drugs, metabolites, biomarkers, and other substances in biological samples such as blood, plasma, serum, urine, and tissues. The growing demand for personalized medicine along with the technological advancements in analytics is a major growth driver of the bioanalytical testing market. Moreover, the growing prevalence of chronic diseases necessitating the need for more clinical trials and drug development is further expected to boost the bioanalytical testing market in the coming years.

Growing demand for personalized medicine

Personalized medicine, which tailors medical treatments to individual patients based on their genetic makeup and other factors, has been gaining traction. Bioanalytical testing enables the identification of biomarkers and genetic variations that help in customizing treatments for patients, driving the bioanalytical testing market. Various research is ongoing to develop personalized medicine. For instance, in September 2022, the University of California proposed a novel technique for the management of inherited renal diseases by using precision genome editing that is very specific to an individual’s requirements. Moreover, Genomic Medicine Sweden and the Centers for Personalized Medicine of Germany collaborated on strategic and structural efforts to implement precision medicine in February 2022.

Advancements in analytical technologies

Continuous advancements in analytical instrumentation and techniques have improved the sensitivity, accuracy, and efficiency of bioanalytical testing. This has led to faster and more reliable results, encouraging bioanalytical testing market growth. For example, high-throughput screening (HTS) enables the rapid testing of large libraries of compounds against biological targets. It has expedited drug discovery by allowing researchers to screen thousands of compounds simultaneously, identifying potential drug candidates more efficiently. Moreover, CRISPR-Cas9 has revolutionized gene editing, making it faster and more accessible. It has significantly contributed to understanding gene functions, disease modeling, and potential gene therapies.

Rising prevalence of chronic diseases

Bioanalytical testing assists in assessing drug candidates and evaluating their impact on the human body. Therefore, the increasing prevalence of chronic diseases, such as cancer, diabetes, cardiovascular disorders, and autoimmune conditions, creates a need for the development of new and effective treatments thereby propelling the bioanalytical testing market. For instance, according to the WHO estimates, 17.9 million deaths worldwide in 2019 were attributable to cardiovascular diseases (CVDs) representing 32% of all fatalities. Moreover, roughly 10 million deaths which equate to one in six deaths, were caused by cancer in 2020, making it the top cause of death globally according to the WHO.

Increasing Drug Development and Clinical Trials

Bioanalytical testing plays a crucial role in evaluating the safety, efficacy, and pharmacokinetic (PK) of the drug candidates during preclinical and clinical stages. Therefore, the increasing clinical trials are expected to boost the bioanalytical testing market. For instance, the number of registered clinical trials increased from 72,534 in 2020 to 78,285 in 2021 in WHO regions as per the WHO report. The number of newly recruited trials registered on ICTRP for the majority of WHO regions increased steadily in the past years. Moreover, a new resolution (WHA75.8) on strengthening clinical trials was accepted by the 75th World Health Assembly in September 2022. Its goals were to increase the quality and coordination of research while also supplying high-quality data on health treatments.

Restraints in the Market

The bioanalytical testing market has experienced growth and development however some restraints or challenges can impact its expansion. For example, bioanalytical testing requires sophisticated instrumentation, skilled personnel, and adherence to stringent regulatory standards, all of which contribute to higher costs. Some bioanalytical tests require specific biological samples, such as rare disease samples or samples from specific patient populations. Access to a sufficient quantity of appropriate samples can be challenging, especially for early-stage research and rare diseases. Additionally, some pharmaceutical companies and research institutions may have in-house bioanalytical testing facilities, which can limit the opportunities for external contract research organizations (CROs) offering such services.

North America is Expected to Grow Significantly

North America is expected to hold a significant share of the bioanalytical testing market during the forecast period. The factors attributed to such a share are the rising demand for bioanalytical testing coupled with ongoing numerous research and clinical trials. For instance, the number of clinical trials increased from 12,656 in 2020 to 14,145 in 2021 in the Americas region according to the WHO report. Moreover, the growing burden of chronic diseases in the region is further propelling the bioanalytical testing market. For instance, nearly 6 in 10 Americans have at least one chronic disease according to the recent CDC data.

Major Market Players

  • ICON Plc is a global contract research organization (CRO) that provides a wide range of services to support the pharmaceutical, biotechnology, and medical device industries in their drug development and clinical research endeavors. ICON provides bioanalytical testing services to measure drug concentrations and biomarkers in biological samples collected during clinical trials.
  • Charles River Laboratories International, Inc. (CRL) provides a comprehensive range of research and development (R&D) services including preclinical drug development, discovery services, biologics Testing Solutions, endotoxin and microbial detection, and clinical laboratory services.
  • IQVIA Holdings Inc. is a top-tier supplier of contract research services, technological solutions, and advanced analytics to the life sciences sector. To support contemporary data initiatives, IQVIA's Clinical Data Analytics Suite (CDAS) offers an intelligent, insight-driven, interoperable, and collaborative data platform.

Key Market Developments

  • In October 2022, Thermo Fisher Scientific opened a new bioanalytical lab in the US to expand its clinical research operations. It will support increasing demand across biopharma for consistent, and high-quality laboratory services.
  • In October 2021, SGS launched a new bioanalytical testing laboratory in France to meet the growing demand for bioanalytical testing services and support drug development. It includes further capabilities including cell-based bioassays, immune analysis, and mass spectrometry.  
  • In January 2021, to increase its bioanalytical capabilities, Nexelis acquired GSK's vaccine clinical bioanalytical laboratory in Marburg, Germany. The partnership between Nexelis and GSK allows Nexelis to broaden its international presence and enhance its capabilities in developing immunology-focused assays and conducting high-throughput clinical testing.


  • By Molecule
    • Small Molecule
    • Large Molecule
    • LC-MS Studies
    • Immunoassays
    • Others
  • By Test
    • ADME
      • In-Vivo
      • In-Vitro
    • PK
    • PD
    • Bioavailability
    • Bioequivalence
  • By Therapeutic Area
    • Oncology
    • Neurology
    • Metabolic Disorders
    • Hematology
    • Immunology
    • Orthopedics
    • Others
  • By End-User
    • Pharmaceutical and Biotechnology Companies
    • Contract Development and Manufacturing Organization
    • Contract Research Organization
    • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Indonesia
      • Thailand
      • Others


1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline


2.1. Research Data

2.2. Assumptions


3.1. Research Highlights


4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis


5.1. Introduction

5.2. Small Molecule

5.3. Large Molecule

5.3.1. LC-MS Studies

5.3.2. Immunoassays

5.4. Others


6.1. Introduction

6.2. ADME

6.2.1. In-Vivo

6.2.2. In-Vitro

6.3. PK

6.4. PD

6.5. Bioavailability

6.6. Bioequivalence


7.1. Introduction

7.2. Oncology

7.3. Neurology

7.4. Metabolic Disorders

7.5. Hematology

7.6. Immunology

7.7. Orthopedics

7.8. Others


8.1. Introduction

8.2. Pharmaceutical and Biotechnology Companies

8.3. Contract Development and Manufacturing Organization

8.4. Contract Research Organization

8.5. Others


9.1. Introduction

9.2. North America

9.2.1. United States

9.2.2. Canada

9.2.3. Mexico

9.3. South America

9.3.1. Brazil

9.3.2. Argentina

9.3.3. Others

9.4. Europe

9.4.1. United Kingdom

9.4.2. Germany

9.4.3. France

9.4.4. Spain

9.4.5. Others

9.5. The Middle East and Africa

9.5.1. Saudi Arabia

9.5.2. UAE

9.5.3. Israel

9.5.4. Others

9.6. Asia Pacific

9.6.1. Japan

9.6.2. China

9.6.3. India

9.6.4. South Korea

9.6.5. Indonesia

9.6.6. Thailand

9.6.7. Others


10.1. Major Players and Strategy Analysis

10.2. Emerging Players and Market Lucrativeness

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Vendor Competitiveness Matrix


11.1. PPD, Inc.

11.2. ICON Plc

11.3. Charles River Laboratories International

11.4. IQVIA

11.5. Syneos Health

11.6. SGS SA

11.7. Intertek Group Plc

11.8. Pace Analytical Services LLC

11.9. Q2 Lab Solutions

PPD, Inc.


Charles River Laboratories International


Syneos Health


Intertek Group Plc

Pace Analytical Services LLC

Q2 Lab Solutions