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Key Highlights of the Bioanalytical Testing Services Market Pharmaceutical Analytical Testing Market вЂ“ Growth, Trends, COVID-19 Impact, and Forecasts (2021 вЂ“ 2026).Cannabis Testing Market вЂ“ Growth, Trends, COVID-19 Impact, and Forecasts (2021 вЂ“ 2026).The rising demand for bioanalytical services, the large number of ongoing clinical trials, and the huge investment by many of the major pharmaceutical companies are the key factors driving the growth of the market in the country. Therefore, the companies have been taking initiatives to meet the greater demand, which is expected to fuel the market.

For instance, according to the Centers for Disease Control and Prevention, around USD 3.5 trillion of the amount is spent on chronic diseases in the United States. In North America, the United States holds the largest market share due to the increased patient pool of various chronic diseases and increased adoption of the peptides, other large molecule therapeutics as an alternative for small molecules that have more side effects. North America is expected to dominate the bioanalytical testing services market

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Bioanalytical technologies have played a critical role in the mitigation of the COVID-19 pandemic and will continue to be foundational in the prevention of the subsequent waves of this pandemic, along with future infectious disease outbreaks.Дownload free sample hereВ вЂ“ Bioanalytical Testing Services MarketД«ioanalytical Testing Services Market вЂ“ Geographical Overview The major factors attributing to the growth of the market are the increased necessity for specific types of tests in R&D activities and the increasing trend of outsourcing laboratory testing services. The bioanalytical testing services market is projected to reach USD 5,021.83 million by 2026 and is growing at a CAGR of 11.59% during the forecast period (2021-2026). Additionally, rising government initiatives to control the outbreaks of infectious diseases such as coronavirus disease is expected to provide more opportunities, which is expected to contribute to the growth of the market.Д«ioanalytical Testing Services Market Overview The rise in demand for bioanalytical testing services is due to the growing prevalence of infectious diseases, HIV, and others.

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