Newly-released Large Molecule Bioanalytical Testing Service industry analysis report by Future Market Insights reveals that global sales of Large Molecule Bioanalytical Testing Market in 2022 were held at US$ 1.3 Billion. With a CAGR of 12.1% from 2023 to 2033, the market is projected to reach US$ 4.7 Billion by 2033. Clinical Phase is expected to generate significant revenue and is projected to grow at a CAGR of 10.9% from 2023 to 2033.
| Attribute | Details |
|---|---|
| Global Market Size (2023) | US$ 1.5 Billion |
| Global Market Size (2033) | US$ 4.7 Billion |
| Global Market Size CAGR (2023 to 2033) | 12.1% |
| USA Market Size CAGR (2023 to 2033) | 12.3% |
| Key Companies Profiled |
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As per the Large Molecule Bioanalytical Testing Service industry research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2018 to 2022, market value of the Large Molecule Bioanalytical Testing Service industry increased at around 11.9% CAGR, wherein, countries such as the USA, China, Japan, United kingdom and South Korea held significant share in the global market.
The increase in demand for forward-looking and high-grade large molecule bioanalytical testing services is expected to propel the market forward. Reduced time to market, increased regulatory observation, and a high risk of product failure are a few of the factors driving the demand for large molecule bioanalytical testing services. Owing to this, the Large Molecule Bioanalytical Testing Service market is projected to grow at a CAGR of 12.1% over the coming 10 years.
Because of rising healthcare expenditures, there is a greater need for high-quality care. The demand for analytical testing is developing in response to new pharmaceutical product advancements. Due to increased competition in the healthcare business and rising pricing concerns, many companies are turning to outsourcing services for analytical testing.
The demand for analytical testing has increased as research and development activities for new medication development, combination products, and other complex medicines have increased.
With the prevalence of HIV, infectious illnesses, and other disorders, the demand for bioanalytical testing services has shot up in the recent past. Furthermore, enhanced government actions to control the spread of infectious diseases like Corona and the Ebola virus are expected to assist the business. As a result, the market is expected to grow throughout the assessment period.
Throughout the projection period, increased research activities and the presence of a vast pipeline of peptides, biologics, and amino acid-based compounds are expected to move the market ahead. Bioanalysis of large molecules also involves the utilization of highly skilled professionals as well as analytical gear and infrastructure.
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With a CAGR of 12.3% during the projected period, Large Molecule Bioanalytical Testing Service revenue is expected to grow at a significant pace in North America. Because of the rising frequency of numerous chronic diseases and the growing use of large-molecule medicines as an alternative to small molecules, the United States has the largest market share.
According to the International Diabetic Federation Report 2019, the United States has a diabetic population of 49 million geriatrics, which has resulted in an increase in demand for bioanalysis of new peptide therapies such as glucagon-like peptide 1. As a result, the market is likely to grow throughout the forecast period. Furthermore, the presence of large firms in the region aided market expansion.
As one of the main production hubs for highly dependable, complicated, and high-end pharmaceuticals, the USA accounted for a significant share of the global market in 2022. The market is likely to be driven by rapid technology improvements and increasing demand for bioanalytical testing services. Furthermore, because of the country's developing healthcare business, biopharmaceutical companies are focusing on the USA market.
The market in the United kingdom is expected to reach a valuation of US$ 180.6 Million by 2033. Growing with a CAGR of 12.9% in the forecast period, the market in the country is projected to garner an absolute dollar opportunity of around US$ 127 Million.
In Japan, the market is expected to grow at a CAGR of 10.8% from 2023 to 2033, reaching around US$ 161 Million by 2033. The market in the country is expected to gross an absolute dollar opportunity of US$ 104 Million during the forecast period.
The market in South Korea is expected to reach a valuation of around US$ 123 Million by 2033, growing at a CAGR of 12.6% from 2023 to 2033. The market in the country is expected to witness an absolute dollar opportunity of around US$ 85 Million.
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The clinical segment is expected to grow at a CAGR of 10.9%. Based on the study phase, the market is segmented into preclinical and clinical. The rising frequency of chronic diseases and the growing demand for clinical trials in developing countries are likely to propel the segment forward.
The market through Antidrug Antibodies (ADA) is expected to grow at a CAGR of 11.8% during the forecast period. Large-molecule drug development is aided by ADA assays. Antibodies against large molecule medications, such as antibody or protein therapies, are produced by the immune system. As a result, ADAs can be detected using ADA tests. Patients who create an antibody response will have a variety of reactions, ranging from life-threatening to no clinical implications. This can lead to anaphylactic shock, allergic responses, or autoimmunity, among other things.
Pharmacokinetic expert services are carried out in accordance with GCP specifications as well as international regulatory rules. Moreover, clinical trials for biologics and biosimilars include a trial to measure the concentration of this drug in healthy volunteers.
The ELISA or MSD platform is used to offer this service. A commonly utilized immunoassay for the detection of significant in vitro pharmacokinetic research is ELISA. In line with the chemical construction and principle of operation of drug substances, antibody sensitivity in pharmacokinetic immunoanalysis should always be fixed.
The key players operating in the Large Molecule Bioanalytical Testing Services Market include Covance, IQVIA, Syneos Health, SGS SA, Toxikon, Intertek Group plc, Pace Analytical Services LLC, ICON Plc, Charles River Laboratories, and Thermo Fisher Scientific.
Few of the recent developments of key Large Molecule Bioanalytical Testing Service providers are as follows:
Similarly, recent developments related to companies in the Large Molecule Bioanalytical Testing Services have been tracked by the team at Future Market Insights, which are available in the full report.
The market is valued at US$ 1.5 billion in 2023.
The growth potential of the market is 12.1% through 2033.
The South Korea market is expected to expand at a CAGR of 12.6% through 2033.
Covance, IQVIA, and Syneos Health are the top players.
Key players are introducing new production facilities.
1. Executive Summary | Large Molecule Bioanalytical Testing Services Market
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Large Molecule Bioanalytical Testing Services
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Million)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
3.2. Key Trends Impacting the Market
3.3. Formulation and Product Development Trends
4. Market Background
4.1. Large Molecule Bioanalytical Testing Services Market, by Key Countries
4.2. Opportunity Assessment (US$ Million)
4.2.1. Total Available Market
4.2.2. Serviceable Addressable Market
4.2.3. Serviceable Obtainable Market
4.3. Market Scenario Forecast
4.3.1. Demand in optimistic Scenario
4.3.2. Demand in Likely Scenario
4.3.3. Demand in Conservative Scenario
4.4. Investment Feasibility Analysis
4.4.1. Investment in Established Markets
4.4.1.1. In Short Term
4.4.1.2. In Long Term
4.4.2. Investment in Emerging Markets
4.4.2.1. In Short Term
4.4.2.2. In Long Term
4.5. Forecast Factors - Relevance & Impact
4.5.1. Top Companies Historical Growth
4.5.2. Growth in Automation, By Country
4.5.3. Large Molecule Bioanalytical Testing Services Adoption Rate, By Country
4.6. Market Dynamics
4.6.1. Market Driving Factors and Impact Assessment
4.6.2. Prominent Market Challenges and Impact Assessment
4.6.3. Opportunities
4.6.4. Prominent Trends in the Global Market & Their Impact Assessment
5. Key Success Factors
5.1. Manufacturers’ Focus on Low Penetration High Growth Markets
5.2. Banking on with Segments High Incremental Opportunity
5.3. Peer Benchmarking
6. Global Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032
6.1. Historical Market Analysis, 2015 to 2021
6.2. Current and Future Market Projections, 2022 to 2032
6.3. Y-o-Y Growth Trend Analysis
7. Global Value Analysis 2015 to 2021 and Forecast, 2022 to 2032
7.1. Historical Market Value (US$ Million) Analysis, 2015 to 2021
7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Global Analysis 2015 to 2021 and Forecast 2022 to 2032, By Phase
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Million) Analysis By Phase, 2015 to 2021
8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Phase, 2022 to 2032
8.3.1. Preclinical
8.3.1.1. With Antibody
8.3.1.2. Without Antibody
8.3.2. Clinical
8.4. Market Attractiveness Analysis By Phase
9. Global Analysis 2015 to 2021 and Forecast 2022 to 2032, By Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) Analysis By Type, 2015 to 2021
9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Type, 2022 to 2032
9.3.1. Pharmacokinetics
9.3.2. ADA
9.3.3. Other Types
9.4. Market Attractiveness Analysis By Type
10. Global Analysis 2015 to 2021 and Forecast 2022 to 2032, By Test Type
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) Analysis By Test Type, 2015 to 2021
10.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Test Type, 2022 to 2032
10.3.1. ADME
10.3.2. PK
10.3.3. PD
10.3.4. Bioavailability
10.3.5. Bioequivalence
10.3.6. Other Test Types
10.4. Market Attractiveness Analysis By Test Type
11. Global Analysis 2015 to 2021 and Forecast 2022 to 2032, By Therapeutic Area
11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Million) Analysis By Therapeutic Area, 2015 to 2021
11.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Therapeutic Area, 2022 to 2032
11.3.1. Oncology
11.3.2. Infectious Diseases
11.3.3. Cardiology
11.3.4. Neurology
11.3.5. Other End-users
11.4. Market Attractiveness Analysis By Therapeutic Area
12. Global Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region
12.1. Introduction
12.2. Historical Market Size (US$ Million) Analysis By Region, 2015 to 2021
12.3. Current Market Size (US$ Million) & Analysis and Forecast By Region, 2022 to 2032
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. Asia Pacific
12.3.5. Middle East and Africa (MEA)
12.4. Market Attractiveness Analysis By Region
13. North America Analysis 2015 to 2021 and Forecast 2022 to 2032
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
13.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
13.4.1. By Country
13.4.1.1. USA
13.4.1.2. Canada
13.4.1.3. Rest of North America
13.4.2. By Phase
13.4.3. By Type
13.4.4. By Therapeutic Area
13.4.5. By Test Type
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Phase
13.5.3. By Type
13.5.4. By Therapeutic Area
13.5.5. By Test Type
14. Latin America Analysis 2015 to 2021 and Forecast 2022 to 2032
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
14.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
14.4.1. By Country
14.4.1.1. Brazil
14.4.1.2. Mexico
14.4.1.3. Rest of Latin America
14.4.2. By Phase
14.4.3. By Type
14.4.4. By Therapeutic Area
14.4.5. By Test Type
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Phase
14.5.3. By Type
14.5.4. By Therapeutic Area
14.5.5. By Test Type
15. Europe Analysis 2015 to 2021 and Forecast 2022 to 2032
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
15.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
15.4.1. By Country
15.4.1.1. Germany
15.4.1.2. France
15.4.1.3. United kingdom
15.4.1.4. Italy
15.4.1.5. Benelux
15.4.1.6. Nordic Countries
15.4.1.7. Rest of Europe
15.4.2. By Phase
15.4.3. By Type
15.4.4. By Therapeutic Area
15.4.5. By Test Type
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Phase
15.5.3. By Type
15.5.4. By Therapeutic Area
15.5.5. By Test Type
16. Asia Pacific Analysis 2015 to 2021 and Forecast 2022 to 2032
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
16.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
16.4.1. By Country
16.4.1.1. China
16.4.1.2. Japan
16.4.1.3. South Korea
16.4.1.4. Rest of Asia Pacific
16.4.2. By Phase
16.4.3. By Type
16.4.4. By Therapeutic Area
16.4.5. By Test Type
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Phase
16.5.3. By Type
16.5.4. By Therapeutic Area
16.5.5. By Test Type
17. Middle East and Africa Analysis 2015 to 2021 and Forecast 2022 to 2032
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021
17.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032
17.4.1. By Country
17.4.1.1. GCC Countries
17.4.1.2. South Africa
17.4.1.3. Turkey
17.4.1.4. Rest of Middle East and Africa
17.4.2. By Phase
17.4.3. By Type
17.4.4. By Therapeutic Area
17.4.5. By Test Type
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Phase
17.5.3. By Type
17.5.4. By Therapeutic Area
17.5.5. By Test Type
18. Key Countries Analysis 2015 to 2021 and Forecast 2022 to 2032
18.1. Introduction
18.1.1. Market Value Proportion Analysis, By Key Countries
18.1.2. Global Vs. Country Growth Comparison
18.2. US Analysis
18.2.1. Value Proportion Analysis by Market Taxonomy
18.2.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.2.2.1. By Phase
18.2.2.2. By Type
18.2.2.3. By Therapeutic Area
18.2.2.4. By Test Type
18.3. Canada Analysis
18.3.1. Value Proportion Analysis by Market Taxonomy
18.3.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.3.2.1. By Phase
18.3.2.2. By Type
18.3.2.3. By Therapeutic Area
18.3.2.4. By Test Type
18.4. Mexico Analysis
18.4.1. Value Proportion Analysis by Market Taxonomy
18.4.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.4.2.1. By Phase
18.4.2.2. By Type
18.4.2.3. By Therapeutic Area
18.4.2.4. By Test Type
18.5. Brazil Analysis
18.5.1. Value Proportion Analysis by Market Taxonomy
18.5.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.5.2.1. By Phase
18.5.2.2. By Type
18.5.2.3. By Therapeutic Area
18.5.2.4. By Test Type
18.6. Germany Analysis
18.6.1. Value Proportion Analysis by Market Taxonomy
18.6.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.6.2.1. By Phase
18.6.2.2. By Type
18.6.2.3. By Therapeutic Area
18.6.2.4. By Test Type
18.7. France Analysis
18.7.1. Value Proportion Analysis by Market Taxonomy
18.7.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.7.2.1. By Phase
18.7.2.2. By Type
18.7.2.3. By Therapeutic Area
18.7.2.4. By Test Type
18.8. Italy Analysis
18.8.1. Value Proportion Analysis by Market Taxonomy
18.8.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.8.2.1. By Phase
18.8.2.2. By Type
18.8.2.3. By Therapeutic Area
18.8.2.4. By Test Type
18.9. BENELUX Analysis
18.9.1. Value Proportion Analysis by Market Taxonomy
18.9.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.9.2.1. By Phase
18.9.2.2. By Type
18.9.2.3. By Therapeutic Area
18.9.2.4. By Test Type
18.10. UK Analysis
18.10.1. Value Proportion Analysis by Market Taxonomy
18.10.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.10.2.1. By Phase
18.10.2.2. By Type
18.10.2.3. By Therapeutic Area
18.10.2.4. By Test Type
18.11. Nordic Countries Analysis
18.11.1. Value Proportion Analysis by Market Taxonomy
18.11.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.11.2.1. By Phase
18.11.2.2. By Type
18.11.2.3. By Therapeutic Area
18.11.2.4. By Test Type
18.12. China Analysis
18.12.1. Value Proportion Analysis by Market Taxonomy
18.12.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.12.2.1. By Phase
18.12.2.2. By Type
18.12.2.3. By Therapeutic Area
18.12.2.4. By Test Type
18.13. Japan Analysis
18.13.1. Value Proportion Analysis by Market Taxonomy
18.13.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.13.2.1. By Phase
18.13.2.2. By Type
18.13.2.3. By Therapeutic Area
18.13.2.4. By Test Type
18.14. South Korea Analysis
18.14.1. Value Proportion Analysis by Market Taxonomy
18.14.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.14.2.1. By Phase
18.14.2.2. By Type
18.14.2.3. By Therapeutic Area
18.14.2.4. By Test Type
18.15. GCC Countries Analysis
18.15.1. Value Proportion Analysis by Market Taxonomy
18.15.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.15.2.1. By Phase
18.15.2.2. By Type
18.15.2.3. By Therapeutic Area
18.15.2.4. By Test Type
18.16. South Africa Analysis
18.16.1. Value Proportion Analysis by Market Taxonomy
18.16.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.16.2.1. By Phase
18.16.2.2. By Type
18.16.2.3. By Therapeutic Area
18.16.2.4. By Test Type
18.17. Turkey Analysis
18.17.1. Value Proportion Analysis by Market Taxonomy
18.17.2. Value Analysis and Forecast by Market Taxonomy, 2015 to 2032
18.17.2.1. By Phase
18.17.2.2. By Type
18.17.2.3. By Therapeutic Area
18.17.2.4. By Test Type
18.17.3. Competition Landscape and Player Concentration in the Country
19. Market Structure Analysis
19.1. Market Analysis by Tier of Companies
19.2. Market Concentration
19.3. Market Share Analysis of Top Players
19.4. Market Presence Analysis
19.4.1. By Regional footprint of Players
19.4.2. Product footprint by Players
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Dive
20.3.1. Covance, Inc.
20.3.2. IQVIA
20.3.3. Syneos Health
20.3.4. Charles River Laboratory International
20.3.5. ICON Plc
20.3.6. SGS SA
20.3.7. Toxikon
20.3.8. Intertek Group plc
20.3.9. Pace Analytical Services LLC
20.3.10. PPD, INC.
21. Assumptions and Acronyms Used
22. Research Methodology
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Large Molecule Bioanalytical Testing Services Market
