Bioanalytical Labs Market Dynamics and Service Provider Performance (3rd Edition)
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The document outlines key findings from ISR's survey on bioanalytical labs, showing that almost half of respondents prefer contract research organizations (CROs) that offer both in-life and bioanalytical capabilities, yet many also favor specialized providers. Technical expertise is highlighted as the most critical attribute for provider selection, and while a single lab could suffice for most needs, there are concerns regarding the risks of relying solely on one provider. Additionally, the report identifies distinct tiers of high-performing labs based on familiarity and perceived leadership among respondents.
Bioanalytical Labs Market Dynamics and Service Provider Performance (3rd Edition)
- 2. 1. CROs with both in-life and bioanalytical capabilites are #1. Almost half of respondents prefer that CROs with both in-life and bioanalytical capabilities perform their preclinical bioanalytical lab work. However, nearly 40% prefer specialized providers. In-life and bioanalytical CROs (e.g. Quintiles, PPD, Covance), 48% Specialized bioanalytical providers (e.g. BioAgilytix, Ricerca, BASi), 39% Using in-house resources, 13% © Industry Standard Research
- 3. 2. Respondents expect technical expertise in their providers. Respondents rating technical attributes important for immunochemistry provider selection identified technical expertise as the most important attribute. See ISR’s full report for mass spectrometry figures. © Industry Standard Research 57% 27% 0% 10% 20% 30% 40% 50% 60% Broad non-proprietary assay list Analytical resources Broad biomarker assay list Assay development expertise Method development turnaround time On-time delivery of sample analysis data files Biomarker capabilities Technical expertise % of Respondents Most important Top 3 D A T A I N F U L L R E P O R T
- 4. 3. Labs are rated on capability, delivery, and pricing metrics. Respondents rated bioanalytical labs’ performances relative to the respondent’s expectations. ISR found many companies listed as top performers were ranked lower in initial perception. ©IndustryStandardResearch C O M P A N I E S H A V E B E E N R A N D O M I Z E D Analytical resources Flexibility in reporting Assay developm ent expertise G eographic coverage Low cost C om m unication Biom arker capabilities Innovative pricing m odels O n-tim e delivery M ethod developm ent turnaround tim e Technical expertise 0.37 0.19 0.09 0.30 0.10 -0.05 0.34 0.21 0.29 0.41 0.21 0.18 0.06 0.18 0.30 -0.11 -0.11 -0.30 0.24 0.12 0.12 0.12 0.08 0.17 -0.33 -0.41 -0.41 -0.07 -0.09 0.09 0.00 0.25 0.40 0.49 0.33 0.24 0.41 0.33 0.09 0.09 0.25 0.49 0.49 0.24 0.08 0.00 -0.04 -0.09 0.04 -0.06 -0.18 0.01 0.02 0.18 0.18 0.35 0.55 0.35 0.35 0.10 0.10 -0.05 0.35 0.00 0.15 0.65 0.12 0.12 0.08 0.04 0.38 -0.14 -0.27 -0.03 0.09 -0.10 0.13 0.18 0.28 0.04 0.21 0.19 -0.31 -0.40 -0.04 -0.07 0.09 0.31 COMPANY A COMPANY B COMPANY C COMPANY D COMPANY E COMPANY F COMPANY G COMPANY H
- 5. 4. Using a single bioanalytical lab is interesting, but risky. While the majority of respondents acknowledge that a single service provider could meet most of their needs, respondents also expressed apprehension for only using one. 64% 72% agree that ‘one bioanalytical lab service provider could meet the majority of our company’s needs.’ agree that ‘using one bioanalytical lab for the majority of our company’s needs is too risky.’ © Industry Standard Research
- 6. 5. There are distinct tiers of high performers. ISR observed three distinct tiers occupying the first ten spots throughout respondents’ rankings for familiarity, perceived leadership (above), expected proposal volume, and usage. 14% 14% 15% 16% 18% 20% 31% 33% 37% 50% 0% 10% 20% 30% 40% 50% 60% Tier 3 Tier 3 Tier 3 Tier 3 Tier 3 Tier 3 Tier 2 Tier 2 Tier 2 Tier 1 % of Respondents © Industry Standard Research
- 7. BIOANALYTICAL LABS MARKET DYNAMICS AND SERVICE PROVIDER PERFORMANCE (3RD EDITION) J U N E , 2 0 1 7 P R E V I E W O F GET THE FULL PICTURE Need more info on the bioanalytical lab market? Purchase the full report at ISRreports.com. Contact us at info@ISRreports.com or (919) 301-0106