The global biopharmaceutical analytical testing services market is projected to grow at a CAGR of 8.98% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is the rise in investment in R&D. The global expenditure on R&D is increasing constantly and it increased by 3.21% in 2016. The rise in the number of testing and research facilties, particularly in the field of pharmaceuticals will rise the demand for analytical testing services to develop biopharmaceutical drugs.
According to the report, one of the major drivers for this market is the increase in demand for mAbs. The global mAbs market is growing because mAbs are used for immunotherapy to stimulate immune responses to treat diseases. R&D for antibodies against diseases like Ebola, and cancers is carried out.
Further, the report states that one of the major factors hindering the growth of this market is the shortage of skilled professionals. The lack of required skills leads to a high degree of non-compliance among laboratory professionals.
Key Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
Market segmentation analysis
PART 05: MARKET SIZING
Market sizing 2017
Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
Segmentation by end-user
Comparison by end-user
Pharmaceutical and biotechnology companies - Market size and forecast 2017-2022
CROs - Market size and forecast 2017-2022
Market opportunity by end-user
PART 09: REGIONAL LANDSCAPE
Americas - Market size and forecast 2017-2022
EMEA - Market size and forecast 2017-2022
APAC - Market size and forecast 2017-2022
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
Rise in investment in R&D
Rise in production of vaccines
Increasing outsourcing of analytical testing services