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  • Published On : Nov 2022
  • Code : CMI5326
  • Industry : Pharmaceutical
  • Pages : 176
  • Formats :

Preclinical assets is a fully integrated CRO (Clinical Research Organization) providing services to support drug discovery programs from target discovery through IND (Investigational New Drug) filing and managing Phase I-IV clinical trials. Preclinical resources, services for HTS (High-throughput screening) and assay development, synthetic organic and medicinal chemistry, DMPK/in-vivo pharmacology and safety pharmacology, toxicology, as well as clinical trial services for the regulatory approval of novel drug and medical device products.

Global preclinical assets market size is valued at US$ 5,250.2 million in 2022 and is expected to witness a CAGR of 7.5% over the forecast period (2022 – 2030).

Figure 1.Global Preclinical Assets Market Share (%), by Service, 2022

Preclinical Assets  | Coherent Market Insights

Global Preclinical Assets Market– Drivers

Increasing number of new test launch in the toxicology by the market players is expected to drive growth of the global preclinical assets market over the forecast period. 

Increasing number of launch of new toxicology test by the key market players is expected to drive growth of the global preclinical assets market over the forecast period. For instance, in October 2018, SGS SA, a multinational company announced the launch of the  in-vitro testing which consists of the development of present cell/tissue culture capabilities, flow cytometry, and mass spectrometry facilities, along with the introduction of high throughput screening, automation, and multiplexing technologies. The launch of this toxicology test will help the company to further strengthen and expand its product portfolio.

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Preclinical Assets Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2022: US$ 5,250.2 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 7.5% 2030 Value Projection: US$ 9,778.8 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Service: Bioanalysis and DMPK studies (In vitro, In-vivo), Toxicology Testing (GLP, Non-GLP), Compound Management (Process R&D, Custom Synthesis, Asymmetric Synthesis, Others (Scale-up, cGMP, etc.)), Safety Pharmacology, Others (Chemistry, etc.)
  • By Model Type: Patient Derived Organoid (PDO) Model, Patient derived xenograft model
  • By End User: Biopharmaceutical Companies, Government Institutes, Others (Academic and Research institutes)
Companies covered:

Eurofins Scientific, ICON plc, WuXi AppTec, Viroclinics Xplore, Medpace, Inc., Charles River Laboratories., Pharmatest Services, PPD Inc., SGS SA (SGS), Intertek Group plc, Labcorp Drug Development, Laboratory Corporation of America, Inc., Crown Bioscience, Comparative Biosciences, Inc., TCG Lifesciences Private Limited., Shanghai Medicilon Inc., Domainex, Absorption Systems, AmplifyBio, and IQVIA

Growth Drivers:
  • Increasing launch of new toxicology tests by key market players
  • Increasing number of inorganic strategies such as acquisition by market players
Restraints & Challenges:
  • Lack of standardization as per international regulatory requirements

Figure 2. Global Preclinical Assets Market Share (%), by Region, 2022

Preclinical Assets  | Coherent Market Insights

Increasing number of inorganic strategies such as acquisition by market players in North America is expected to drive growth of the global preclinical assets market over the forecast period.

Inorganic strategies such as acquisition by the key market players in North America are expected to drive growth of the global preclinical assets market over the forecast period. For instance, on May 9, 2022, Labcorp, a global life sciences company, and AtlantiCare, a health care organization in southern New Jersey, U.S., announced that they had closed a transaction to expand their long-term strategic relationship.  Labcorp will acquire select assets from AtlantiCare’s clinical outreach business, which serves the AtlantiCare Physician Group and Affiliated Physicians and their patients across southern New Jersey, U.S.  This collaboration will help the company in further expansion of laboratory services.

Global Preclinical Assets Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2020.

The sudden outbreak of COVID-19 has bought the world to a standstill. The whole world is fighting this pandemic with increased burden on hospital and healthcare professionals. However this has also opened new opportunities in the digital health platforms. The need for virtual consulting is anticipated to rise significantly during the current economic crisis.

Increasing number of inorganic strategies by the key market players during covid-19 pandemic, was expected to bolster growth of the global preclinical assets during the pandemic. For instance, in December 2021, Viroclinics-DDL, a global Contract Research Organization and CEPI, the Coalition for Epidemic Preparedness Innovations, signed an agreement which allowed Viroclinics-DDL to produce and distribute laboratory stocks of the Omicron SARS-CoV-2 variant for use in CEPI’s centralized COVID-19 vaccine testing network. The produced Omicron SARS-COV-2 variant was used for the performance of laboratory assays, assessing the neutralizing potential of COVID-19 vaccines against the new variant (Omicron). 

Global Preclinical Assets Market: Key Developments

In September 2021, Viroclinics-DDL, a global contract research organization, announced the launch of Viroclinics Xellerate, a newly formed Business Unit focused on clinical trial support and global logistics services.

On February 17, 2022, Viroclinics-DDL, a global contract research organization, announced that Cerba Research, the group’s global clinical trial central and specialty laboratory services division, had merged with Viroclinics-DDL, a global specialist virology and immunology contract research organization (CRO). This merger will help the company in further expanding and transforming diagnostic solutions for clinical trials

In November 2019, Envigo RMS LLC, a global supplier of research models and associated services, announced an agreement to acquire the assets of the research models business unit of Horizon Discovery Group plc., a research company. This acquisition will help the company in further expansion of the services in clinical research.

Global Preclinical Assets Market: Restraint

One of the major restrain in the global preclinical assets market is lack of standardization as per international regulatory requirements such as:

  • Study conduct
  • Personnel
  • Facilities
  • Equipment
  • Written protocols
  • Operating procedures
  • Study reports
  • And a system of quality assurance oversight for each study to help assure the safety of FDA-regulated product

Key Players

Key players operating in the global preclinical assets market include Eurofins Scientific, ICON plc, WuXi AppTec, Viroclinics Xplore, Medpace, Inc., Charles River Laboratories., Pharmatest Services, PPD Inc., SGS SA (SGS), Intertek Group plc, Labcorp Drug Development, Laboratory Corporation of America, Inc., Crown Bioscience, Comparative Biosciences, Inc., TCG Lifesciences Private Limited., Shanghai Medicilon Inc., Domainex, Absorption Systems, AmplifyBio, and IQVIA

Preclinical assets consist of various types of services such as Bioanalysis and DMPK (Drug Metabolism and pharmacokinetics) studies, which are further sub segmented into in vitro and in vivo analysis, toxicology testing, which are based on GLP and non GLP (Good Laboratory Practices), compound management process R&D (Research and development), custom synthesis, asymmetric synthesis, and others (Scale-up, cGMP (current good manufacturing practices), safety pharmacology. Preclinical assets have two types of models, patient derived organoid (PDO) model and patient derived xenograft model.

Market Dynamics

Increasing number of service launch in preclinical testing by the key market players is expected to drive growth of the global preclinical assets market during the forecast period. For instance, in July 2020, Skinobs, a cosmetic company, announced the launch of a new preclinical testing platform skinobs, an independent tool which provides a 360-degree vision of in vivo efficacy testing. This platform enables users to identify and select the testing methods depending on various criteria such as

  • Test Category: which include analytical tests, content-contenair interaction, ecotoxicity and biodegradability tests, safety tests, UV (Ultra Violet ) tests, etc.
  • Claim: which include anti-ageing, anti-pollution, etc.
  • Test support: which include cell cultures, 3D skin models, etc.

Similarly, in December 2021, Sirona Medical, a software company, announced the launch of its cloud-native radiology operating system (RadOS) optimizing the use of novel AI (Artificial Intelligence) applications in clinical practice at the 2021 Annual Meeting for Radiological Society of North America (RSNA).  The platform was based on the combination of technology and artificial intelligence, which would help augment the intelligence of the physician in clinical practices.

Key features of the study:

  • This report provides an in-depth analysis of the global preclinical assets market, market size (US$ Mn), and compound annual growth rate (CAGR (%)) for the forecast period: 2022 – 2030, considering 2021 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by leading players
  • It profiles key players in the global preclinical assets market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
  • Key players covered as a part of this study include Eurofins Scientific, ICON plc, WuXi AppTec, Viroclinics Xplore, Medpace, Inc., Charles River Laboratories., Pharmatest Services, PPD Inc., SGS SA (SGS), Intertek Group plc, Labcorp Drug Development, Laboratory Corporation of America, Inc., Crown Bioscience, Comparative Biosciences, Inc., TCG Lifesciences Private Limited., Shanghai Medicilon Inc., Domainex, Absorption Systems, AmplifyBio, and IQVIA
  • Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launches, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
  • The global preclinical assets market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, suppliers, research and consulting firms, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global preclinical assets market

Detailed Segmentation:

  • Global Preclinical Assets Market, By Service:
    • Bioanalysis and DMPK studies
      • In vitro
      • In-vivo
    • Toxicology Testing
      • GLP
      • Non-GLP
    • Compound Management
      • Process R&D
      • Custom Synthesis
      • Asymmetric Synthesis
      • Others (Scale-up, cGMP, etc.)
    • Safety Pharmacology
    • Others (Chemistry, etc.)
  • Global Preclinical Assets Market, By Model Type:
    • Patient Derived Organoid (PDO) Model
    • Patient derived xenograft model
  • Global Preclinical Assets Market, By End User:
    • Biopharmaceutical Companies
    • Government Institutes
    • Others (Academic and Research institutes)
  • Global Preclinical Assets Market, By Region:
    • North America
      • By Country
        • US
        • Canada
    • Latin America
      • By Country
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country
        • U.K.
        • Germany
        • Italy
        • Spain
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country
        • Australia
        • India
        • China
        • Japan
        • ASEAN
        • South Korea
        • Rest of Asia Pacific
    • Middle East
      • By Country
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Country/Region
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • Eurofins Scientific*
      • Company Highlights
      • Product Portfolio
      • Financial Performance
      • Recent Highlights
      • Market Strategies
    • ICON plc
    • WuXi AppTec
    • Viroclinics Xplore
    • Medpace, Inc.
    • Charles River Laboratories.
    • Pharmatest Services
    • PPD Inc.
    • SGS SA (SGS)
    • Intertek Group plc
    • Labcorp Drug Development
    • Laboratory Corporation of America, Inc.
    • Crown Bioscience
    • Comparative Biosciences, Inc.
    • TCG Lifesciences Private Limited.
    • Shanghai Medicilon Inc.
    • Domainex
    • Absorption Systems
    • AmplifyBio
    • IQVIA

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global preclinical assets market is estimated to surpass US$ 9,778.8  Million by 2030.
Major players operating in the market include Eurofins Scientific, ICON plc, WuXi AppTec, Viroclinics Xplore, Medpace, Inc., Charles River Laboratories., Pharmatest Services, PPD Inc., SGS SA (SGS), Intertek Group plc, Labcorp Drug Development, Laboratory Corporation of America, Inc., Crown Bioscience, Comparative Biosciences, Inc., TCG Lifesciences Private Limited., Shanghai Medicilon Inc., Domainex, Absorption Systems, AmplifyBio, and IQVIA.
Among Services, Toxicology Testing segment generated significant revenue in 2022, owing to increasing launch of new toxicology tests by the key market players.
Increasing number of growth strategies such as test/service launch and acquisition by the key market players is expected to drive growth of the market over the forecast period.
The market is estimated to exhibit a CAGR of 7.5% over the forecast period.
Among region, North America is expected to witness significant growth over the forecast period, owing to increasing number of inorganic strategies such as acquisition by the key market players.

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