|Bioanalytical Testing Services Market Size to Reach USD 4.33 Billion in 2028 | Revenue, Industry Statistics, Share, Analysis and Global Research Report by Emergen Research|
|By GLOBE NEWSWIRE|
|Tuesday, 18 May 2021 16:00|
Vancouver, British Columbia, May 18, 2021 (GLOBE NEWSWIRE)
Vancouver, British Columbia, May 18, 2021 (GLOBE NEWSWIRE) -- The global bioanalytical testing services market size is expected to reach USD 4.33 Billion in 2028 and register a steady CAGR during the forecast period, according to latest analysis by Emergen Research. Factors such as rising focus on analytical testing of biosimilars and biologics, increasing research and development expenditure in biopharmaceutical and pharmaceutical sectors, and growing adoption of Quality by Design (QbD) approach are boosting revenue growth of the global bioanalytical testing services market. Bioanalytical testing services involve quantitative measurement of drugs and their metabolites in biological fluids such as blood, serum, urine, plasma, or tissue extracts. Bioanalytical program includes sample preparation, development of bioanalytical method, validation, ensuring quantitative outcome that demonstrate accuracy, selectivity, precision, and stability.
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Liquid chromatography–mass spectrometry (LC–MS), gas chromatography–mass spectrometry (GC–MS), capillary electrophoresis–mass spectrometry (CE–MS), high performance liquid chromatography (HPLC) are some of the widely used techniques in bioanalytical testing services. Major prevalence of cancer, rising demand for generic drug development, increasing investment in drug development, and growing number of biotechnology companies are expected to drive revenue growth of the market going ahead.
.Some Key Findings in the Report:
For the purpose of this report, Emergen Research has segmented the global bioanalytical testing services market based on type, application, end-use, and region:
Click to access the Report Study, Read key highlights of the Report and Look at Projected Trends: https://www.emergenresearch.com/industry-report/bioanalytical-testing-services-market
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