Product ID: SQMIG35H2168
Global Biopharmaceutical Analytical Testing Services Market Size, Share, Growth Analysis, By End-User(Pharma Companies & Biotechnology Companies, CROs) - Industry Forecast 2024-2031
Report ID:
SQMIG35H2168 |
Region:
Global |
Published Date: April, 2024
Pages:
249
|
Tables:
35 |
Figures:
74
Global Biopharmaceutical Analytical Testing Services Market Insights
Biopharmaceutical Analytical Testing Services Market size was valued at USD 7.58 Billion in 2019 and is poised to grow from USD 8.06 Billion in 2023 to USD 13.2 Billion by 2031, at a CAGR of 6.36% during the forecast period (2024-2031).
The classification of proteins and other compounds is a major factor of success in biopharmaceutical development. Molecular understandings obtained by analytical methods guide the complete drug discovery and development process, from applicant monitoring studies to bioprocess optimization and drug release testing. Complex analytical technologies are important for answering questions about the structure and activity of complex biotherapeutics and related impurities. To meet the growing needs across biopharmaceutical R&D, a wide variety of analytical tools continue to develop. Analytical techniques are used to detect capable drug targets and candidates with the highest therapeutic potential.
The outbreak had a negative impact on the analytical testing services market in the region. A rise in the number of COVID cases led to the imposition of partial lockdowns in several countries, including Canada and Mexico. Although, lockdown restrictions in various countries were lifted to some extent in the second half of 2020, which allowed the movement of people and led to the continuation of laboratory work. Therefore, the reopening of life sciences services will drive the demand for biopharmaceutical analytical testing services in North America, which, in turn, will drive the regional Biopharmaceutical Analytical Testing Services Market during the forecast period.
US Biopharmaceutical Analytical Testing Services Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Biopharmaceutical Analytical Testing Services Market Report Snapshots
- Global Biopharmaceutical Analytical Testing Services Companies
- Global Biopharmaceutical Analytical Testing Services Market Size
- Global Biopharmaceutical Analytical Testing Services Market Analysis
- Global Biopharmaceutical Analytical Testing Services Geographic Analysis
- Global Biopharmaceutical Analytical Testing Services Market News
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