Acumen Research and Consulting Bioanalytical Testing Services Market Size to Exce | Page 2
testing services. As a result of pricing problems, competitive pressures and
market lead times, companies choose to outsource bioanalytical testing services.
Customized care and technological developments are becoming increasingly
focused on reducing the life-cycle of molecules, resulting in the fast development
of new molecules.
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In the pharmaceutical analytical testing sector the performance of market
players is heavily influenced by end-user demand. As awareness increases,
intense market efforts, government initiatives and accessibility improvements
are becoming more concerned; consumers are now more concerned about
personal care which leads to higher consumption of pharmaceutical products.
The increasing consumption of bioanalytical tests is projected to drive the
market during the projected period.
In Shorts
Small molecules of bioanalytical test services held a lucrative share in 2018,
attributed by this category of studies of bioavailability and bioequivalence (BE)
to maximum generic and branded drug compounds conducted in 2019 because
of their large adoption of generic medicines.
Furthermore, in 2018 the global market for bio-analytical testing services will be
further stimulated by BA and BE demand for high-reliability, complex and high-
end pharmaceutical products, attributed to North America’s leading position on
the market.
Increasing investment from many developed countries in combination with
several changes to the standard of clinical trials assessment according to the
global platform is expected to record the fastest CAGR over the forecast period.
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