Tuesday, 02 January 2024 12:17 GMT

Biospecimen Contract Research Services Market Drivers Include Rising Chronic Disease Burden And Demand For High Quality Samples


(MENAFN- iCrowdNewsWire)

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Biospecimen Contract Research Services Market – (By Biospecimen Types (Oncological Studies, (FFPE Tissue, Frozen Tissue, Plasma / Serum, Other Biospecimens), Non-Oncological Studies (Blood Products, Human Tissue, Other Biospecimens)), By Therapeutic Area (Oncological Disorders, Neurological Disorders, Cardiovascular Disorders, Other Therapeutic Areas)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”

The Biospecimen Contract Research Services Market Size is valued at USD 5.0 billion in 2024 and is predicted to reach USD 17.7 billion by the year 2034 at a 13.6% CAGR during the forecast period for 2025-2034.

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Biospecimen contract research services provide access to high-quality biological materials-such as tissue samples, blood, and DNA-supplemented with associated clinical data to support research in fields including oncology, immunology, and genetics. These services encompass the complete management of specimen collection, processing, storage, and quality assurance, with strict compliance to ethical and regulatory standards. Market growth is being driven by the increasing demand for reliable biospecimens, the need for research organizations to augment internal capabilities, and the growing focus on personalized medicine as a cornerstone of modern healthcare.

List of Significant Players in the Biospecimen Contract Research Services Market:

  • Boca Biolistics
  • Creative Bioarray
  • BioChain Institute,
  • BioIVT
  • Cureline
  • Discovery Life Sciences
  • Infinity BiologiX
  • Precision for Medicine, Inc.
  • PrecisionMed, Inc.
  • Medicover
  • National BioService
  • ICON plc
  • iProcess Global Research Inc.
  • ABS Inc.
  • The MT Group
  • Eolas Biosciences Co. Ltd
  • Indivumed GmbH
  • Ardent Clinical Research Services
  • Capital Biosciences, Inc.
  • iSpecimen
  • GR BioResearch
  • REPROCELL
  • Trans-Hit Bio (Azenta US, Inc.)

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Market Dynamics

Drivers:

The global biospecimen contract research services (BCRS) market is experiencing robust growth, driven by the rising prevalence of chronic diseases, the increasing adoption of personalized medicine, and expanding investments in pharmaceutical research and development. BCRS play a vital role in meeting the growing demand for diverse, well-characterized biospecimens that are essential for studying disease mechanisms, identifying biomarkers, and advancing targeted therapies. Additionally, the aging global population is amplifying the need for these services to support research on age-related conditions, thereby fostering significant growth in healthcare-related R&D activities.

Challenges:

Despite promising growth prospects, the market faces several constraints, including a shortage of skilled professionals, complex regulatory requirements, and the absence of standardized protocols for specimen collection, quality control, and safety assurance. The industry's competition for qualified talent across pharmaceutical, biotechnology, and academic institutions remains intense, often requiring providers to offer competitive compensation packages, which can strain operational budgets-particularly for smaller organizations. Moreover, the global lack of specialized training programs continues to create a gap between workforce capabilities and industry needs, hindering broader market expansion.

Regional Trends:

North America is expected to maintain its leading position in the BCRS market, supported by the strong presence of pharmaceutical and biotechnology companies, advanced clinical research infrastructure, and a mature healthcare ecosystem. The growing trend of outsourcing research activities by pharmaceutical firms, combined with substantial R&D investments, further reinforces regional dominance. Europe also represents a significant market, fueled by increasing R&D expenditure across industries such as pharmaceuticals and nanotechnology, which is contributing to the steady adoption of BCRS across the region.

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Recent Developments:

  • In Feb 2023, iSpecimen strategically expanded its own marketplace platform by incorporating seven new biospecimen sample providers from the U.S. and Europe. The additional suppliers enabled iSpecimen to provide worldwide access to essential biospecimens and data necessary for advancing research in oncology, autoimmune diseases, infectious diseases, cardiovascular diseases, and other areas.

Segmentation of Biospecimen Contract Research Services Market-

By Biospecimen Type-

  • Oncological Studies
    • FFPE Tissue
    • Frozen Tissue
    • Plasma / Serum
    • Other Biospecimens
  • Non-Oncological Studies
    • Blood Products
    • Human Tissue
    • Other Biospecimens

By Therapeutic Area-

  • Oncological Disorders
  • Neurological Disorders
  • Cardiovascular Disorders
  • Other Therapeutic Areas

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

About Us:

InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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Contact us: InsightAce Analytic Pvt. Ltd. Visit: Tel : +1 607 400-7072 Asia: +91 79 72967118 ...

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