Report Ocean has published a new report on the Japan Bioanalytical Testing Service Market in diverse regions to produce a report with more than 250+ pages.
The Japan bioanalytical testing service market held a market value of USD 73.6 Million in 2021 and is projected to reach USD 1,363.8 Million by the year 2030. The market is anticipated to register a CAGR of 38.3% during the forecast period. The bioanalytical testing service industry is mounting steadily due to the rising demand for biosimilars, enhanced application of such services in medical industry, surge in incorporation of international players in the Japan market, boosting strategic activities by the prominent players.
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The rising standards and regulatory framework constitute streamlining the testing services process. The primary regulatory guidance includes the International Conference on Harmonisation (ICH) guidance Q2(R1) Validation of Analytical Procedures: Text and Methodology. Moreover, the FDA Guidance on Analytical Procedures and Methods Validation for Drugs and Biologics serves as a complement to ICH Q2(R1).
On the other hand, limited access, know-how, and software validation glitches is expected to hinder the growth of the bioanalytical testing service industry in Japan.
Rising adoption of the Quality by Design approach
Quality by design (QbD) boosts the pharmaceutical market to utilize risk management as well as science-based manufacturing principles to advance process and product understanding, assuring the quality of the product. QbD is widely promoted by ICH. QbD ensures effective drug supply, and improved quality of manufacturing performance. The concept is based on the principle of continuous improvement and the rising need for organizations to increase their understanding of products. In light of this, this methodology permits firms to continuously improve their development strategies and make on-going adaptations. Thus, this propels the market growth.
Growing prevalence of infectious diseases
The major emerging as well as re-emerging infectious diseases, including mosquito-borne infectious diseases, respiratory infectious diseases, tick-borne infectious diseases, viral hemorrhagic fever, are on a rise in Japan. Several research studies have studies infectious diseases in Japan from the last 20 years and have noted that there are many infectious diseases that the country is susceptible to.
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The Japan bioanalytical testing service market is segmented into test type, molecule type, application, and end user.
By Test Type
o Bacterial cell-based assays
o Viral cell-based assays
o In Vitro Virology Testing
o In Vivo Virology Testing
Species-specific Viral PCR Assays
Method Development Optimization and Validation
Serology, Immunogenicity, and Neutralizing Antibodies
The cell-based assays segment held the largest market share of more than 20% in 2021. Moreover, the serology, immunogenicity, and neutralizing antibodies segment is likely to hold the highest CAGR of 13.5% over the predicted period.
By Molecule Type
Small Molecule Bioanalysis
Large Molecule Bioanalysis
The small molecule bioanalysis segment is projected to hold the highest CAGR of 11.93% owing to the increasing applications.
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The oncology segment held the largest market share of more than 50% in 2021 due to the increasing cancer cases across the world. The gastroenterology segment is estimated to cross the mark of USD 10 Million by 2028.
By End User
Pharma & Biotechnology Companies
Contract Research Organizations
The pharma & biotechnology companies segment is projected to hold an opportunity of USD 50 Million during 2022 to 2030.
The Japan bioanalytical testing service industry is likely to foster generously during the forecast period owing to the growing strategic developments by the companies operating in the marketspace. Also, the increasing research in QbD is also supporting the growth. For instance, the design of experiments (DOE) are beneficial to classify the influence of vital interactions. When critical factors can be identified in advance, it is easier to perform risk mitigation actions coupled with avoiding rejection of batches. In addition to that, DOE is supportably used to find optimal process conditions and outline limits for numerous process parameters. Thus, such high-quality work for its Japanese customers drives the market growth.
Key players operating in the Japan bioanalytical testing service market include WuXi AppTec, Medpace, Eurofins Scientific, PRA HEALTH SCIENCES (Takeda), ICON plc, inVentiv Health, Intertek Group, IQVIA, Medpace, Laboratory Corporation of America, PPD, Inc., SGS SA, Charles River Laboratories International, Inc., Syneos Health, among others.
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The key four players in the market hold approximately 40% of the market share. These players are involved in expansion strategies and acquisitions to sustain in the industry. For instance, in June 2021, Q2 Solutions, a wholly owned subsidiary of IQVIA, expanded its laboratory and operational capabilities at its Alba Campus in Livingston, Scotland.
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
The Japan bioanalytical testing service market report provides insights on the below pointers:
Market Penetration: Provides comprehensive information on the market offered by the prominent players
Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the Japan Bioanalytical testing service market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
Pricing Analysis: Pricing analysis of various components used in the manufacturing
Manufacturing Cost Analysis: Cost-share of various components in bioanalytical testing service
Advancement in Bioanalytical Techniques for Biotherapeutics
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The Japan bioanalytical testing service market report answers questions such as:
What is the market size and forecast of the Japan bioanalytical testing service market
What are the inhibiting factors and impact of COVID-19 on the Japan bioanalytical testing service market during the assessment period
Which are the products/segments/areas to invest in over the assessment period in the Japan bioanalytical testing service market
What is the competitive strategic window for opportunities in the Japan bioanalytical testing service market
What are the technology trends and regulatory frameworks in the Japan bioanalytical testing service market
What is the market share of the leading players in the Japan bioanalytical testing service market
What modes and strategic moves are considered favorable for entering the Japan bioanalytical testing service market
Key Metrics Explored in Report Ocean Research Service:
Market Size: Quantifying the total value or volume of the market to provide a comprehensive understanding of its scale and potential.
Market Growth Rate: Measuring the rate at which the market is growing over specific periods to assess attractiveness and potential for investment.
Market Share: Analyzing the portion or percentage of the market captured by specific companies or products, providing insights into competitive positions.
Customer Satisfaction: Assessing levels of satisfaction or dissatisfaction among customers with a focus on products, services, or brands. This aids in gauging customer loyalty and identifying areas for improvement.
Pricing Analysis: Examining pricing strategies, including average prices, price differentials, and price elasticity, to understand market dynamics.
Market Segmentation: Dividing the market into distinct segments based on demographics, geography, behavior, or psychographics to understand varying needs and preferences.
Customer Acquisition Cost (CAC): Calculating the cost of acquiring a new customer to evaluate the efficiency of marketing and sales efforts.
Customer Lifetime Value (CLV): Measuring the total value a customer generates over their entire relationship with a company to assess long-term profitability.
Return on Investment (ROI): Evaluating the profitability and effectiveness of investments or marketing campaigns by measuring returns relative to costs.
Competitive Analysis: Assessing the performance and strategies of competitors, including market share, revenue growth, product portfolio, and customer satisfaction.
Key Performance Indicators (KPIs): Utilizing specific metrics to measure business or organizational performance, such as sales growth, market penetration, customer retention rate, and profitability.
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