According to the Vision Research Reports, The Large Molecule Bioanalytical Testing Services market revenue share is set to grow at a yearly rate of 10.5% during 2021-2030, while its valuation is Projected to jump from $ 2.4 Bn in 2020 to $4.0 Bn in 2030.
Growth Factors
The major factor attributing to market growth is the increased application of bioanalytical testing in clinical trials of biomarkers, large molecules, and others.
Rising prevalence of HIV, infectious disease, and others has led to increasing demand for globally. Moreover, increasing government initiatives to control the outbreak of various infectious diseases such as Corona and Ebola virus is anticipated to offer more opportunities for the market. Hence, the market is expected to grow over the assessment period.
Get Sample Copy of This Report@ https://www.visionresearchreports.com/report/sample/38305
The market is expected to witness lucrative growth during the forecast period due to increased research activities and the presence of a huge pipeline of peptides, biologics, and amino acids based molecules. Additionally, bioanalysis of large molecules requires skilled professionals with innovative analytical instruments and infrastructure. These services are readily offered by bioanalytical testing service providers and are likely to propel the growth of the market during the assessment period.
Report Highlights
The clinical phase segment held the largest revenue share of over 68% in 2020 due to the high incidence of chronic diseases worldwide. Based on the study phase, the market is segmented into preclinical and clinical. The preclinical segment is expected to register the fastest CAGR of 10.7% during the forecast period. Preclinical studies include pharmacokinetic bioanalysis of the plasma or serum samples.
This study includes dosing patients or animals with the drug product and then blood samples are taken at different time points. The plasma or serum is isolated and sent to an analytical laboratory. Two types of preclinical studies (in vivo & in vitro) are carried out at the laboratory. The concentration of the drug product in the plasma or serum is measured using bioanalytical techniques. In the case of large molecules, the concentration is usually measured with ligand binding assays, such as Enzyme-linked Immunosorbent Assay (ELISA), and Meso Scale Discovery (MSD).
Based on test type, the market is segmented into ADME, PK, PD, bioavailability, bioequivalence, and others. Bioavailability held the largest revenue share of 35% in 2020. The segment growth can be attributed to the high demand for these services in generic drug manufacturing. The bioequivalence is anticipated to register the fastest CAGR over the forecast period.
Bioavailability is the rate at which active drugs or metabolites enter systemic circulation, thereby reaching the site of action. The bioavailability of a drug is determined by the properties of the dosage form, which is dependent partly on its design. It plays a vital role in pharmacokinetics because it is taken into account during the calculation of dosages for non-intravenous administration.
Based on therapeutic areas, the market is segmented into oncology, infectious diseases, cardiology, neurology, and others. The oncology segment dominated the market with the largest revenue share of more than 30.8% in 2020 and is anticipated to maintain its leading position during the forecast period. The segment is also projected to witness the fastest CAGR of 10.1 % over the forecast period. Cancer involves the abnormal growth of cells that result in the formation of a tumor.
These abnormal cells spread to other organs and local tissues through the blood & lymphatic system. An increase in the incidence of cancer, the rapidly rising geriatric population, and unhealthy lifestyles are primary factors expected to drive the segment growth. According to the WHO, around 18.1 million people were suffering from cancer in 2018. An increase in the number of pipeline products and high demand for personalized medicines are factors likely to boost segment growth during the forecast period.
Based on end users, the market is segmented into Small & Medium Enterprises (SMEs) and large firms. The SMEs segment held the largest revenue share of more than 67% in 2020 due to the increased focus on The segment is estimated to expand further at the fastest CAGR over the forecast years retaining its dominant position in the market.
The small- and medium-sized biopharmaceutical companies bring a focused approach to innovation. Small pharmaceutical companies are driving innovation, accounting for about 63% of all new prescription drug approvals in the past 5 years. A report by HBM Partners highlighted this trend by tracking NMEs or new molecular entities that were originally developed by small-, midsized, and big pharmaceutical companies.
Based on type, the global market is segmented into pharmacokinetics, Antidrug Antibodies (ADA), and others. The ADA segment held the highest revenue share of more than 44% in 2020. The segment is expected to expand further at the second-fastest CAGR of more than 10% during the forecast period. The ADA assays support the development of large molecule drugs.
Large molecule drugs, such as antibody or protein therapeutics, provoke the immune system to produce antibodies against the drug. Hence, ADAs can be detected with the help of ADA assays. Patients that produce an antibody response will have different responses, from life-threatening reactions to no observable clinical consequences. This also results in adverse reactions, such as anaphylactic shock, allergic reactions, or autoimmunity.
| Report Coverage | Details |
| Market Size | US$ 4.0 billion by 2030 |
| Growth Rate | CAGR of 10.5% From 2021 to 2030 |
| Base year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Phase, Type, Test type, Therapeutic Area, End User |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Covance, Inc.; IQVIA; Syneos Health; SGS SA; Toxikon; Intertek Group plc; Pace Analytical Services LLC |
Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/38305 or call: +1 9197 992 333
Key Players
Market Segmentation
In this study, the years considered to estimate the market size of Large Molecule Bioanalytical Testing Services are as follows:
Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Buy This Premium Research Report, click here@ https://www.visionresearchreports.com/report/cart/38305 or call: +1 9197 992 333
Vision Research Report, Recently Announced New Report on "Smart Lock market - Global Industry Analysis,…
Vision Research Report, Recently Announced New Report on "2D barcode reader market - Global Industry…
Vision Research Report, Recently Announced New Report on "commercial refrigeration equipment market - Global Industry…
Vision Research Report, Recently Announced New Report on "Restaurant Point-of-Sale Terminal market - Global Industry…
Vision Research Report, Recently Announced New Report on "vacuum cleaner market- Global Industry Analysis, Market…
Vision Research Report, Recently Announced New Report on "household refrigerators and freezers market - Global…