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What Is the Growth Rate of the Preclinical Assets Market?

The market size for preclinical assets has witnessed robust growth over the recent years, expanding from $5.87 billion in 2024 to an expected $6.4 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.1%. Factors such as the need for drug development, progress in biotechnology, regulatory mandates, increased funding for research, and partnership in research efforts have contributed to the growth experienced in the historical period.

What Growth Rate Is Forecasted for the Preclinical Assets Market by 2029?

The market size for preclinical assets is anticipated to exhibit a robust expansion in the coming years. By 2029, it’s predicted to surge to a value of $9.3 billion, with a compound annual growth rate (CAGR) of 9.8%. The expected growth during the forecast span can be credited to factors such as precision medication and personalized treatment methods, AI and machine learning implementation, expansion of biobanking, focus on rare illnesses, as well as government efforts and financial backing. During the forecast period, major emerging trends include the advent of advanced imaging techniques, development of 3D organoid models, integration of multi-omics methods, enhanced predictive models, as well as increased automation and high-throughput screening.

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Which Key Companies Are Shaping the Future of the Preclinical Assets Market?

Major companies operating in the preclinical assets market include Laboratory Corporation of America, IQVIA Inc., ICON PLC, Eurofins Scientific SE, PPD Inc., SGS SA, WuXi AppTec Co. Ltd., Intertrek Group PLC, Charles River Laboratories International Inc., Medpace Inc., Pharmaron Beijing Co. Ltd., Evotec SE, GenScript Biotech Corporation, Inotiv Inc., SRI International Inc., Shanghai Medicilon Inc., Biocytogen Pharmaceuticals Beijing Co. Ltd., AmplifyBio LLC, BioReliance Corporation, Pharmalegacy Laboratories Co. Ltd., Precigen Inc., ReproCELL Incorporated, InSphero AG, Crown Bioscience Inc., Comparative Biosciences Inc., TCG Lifesciences Pvt. Ltd., InVivo Biosystems, Pharmatest Services Ltd, Domainex Limited, Viroclinics Xplore

Which Factors Are Driving Demand in the Preclinical Assets Industry?

The surge in drug discovery is anticipated to fuel the expansion of the preclinical asset market in the future. Drug discovery involves the identification of chemical substances that can serve as medicinal agents, leading to the birth of potential new medications. Preclinical assets are integral to this process, providing crucial data and evidence to assist in the selection of molecules for clinical development. For example, in June 2023, the European Federation of Pharmaceutical Industries and Associations (EFPIA), a Belgium-based group representing the pharmaceutical sector, highlighted significant growth in the European pharmaceutical industry with production rising from $352.48 billion in 2021 to $369.95 billion in 2022. Hence, the escalating rate of drug discovery is accelerating the growth of the preclinical assets market.

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How Is the Preclinical Assets Market Segmented by Several Divisions?

The preclinical assets market covered in this report is segmented –

1) By Service: Bioanalysis And DMPK (Drug Metabolism And Pharmacokinetic) Studies, Toxicology Testing, Compound Management, Safety Pharmacology, Other Services

2) By Model Type: Patient Derived Organoid (PDO) Model, Patient Derived Xenograft Model

3) By End User: Biopharmaceutical Companies, Government Institutes, Other End-Users

Subsegments:

1) By Bioanalysis And DMPK (Drug Metabolism And Pharmacokinetic) Studies: Pharmacokinetics (PK) Studies, Pharmacodynamics (PD) Studies, Bioanalytical Method Development

2) By Toxicology Testing: Acute Toxicity Testing, Chronic Toxicity Testing, Genotoxicity Testing, Carcinogenicity Testing

3) By Compound Management: Compound Library Management, Sample Storage And Retrieval, High-Throughput Screening Support

4) By Safety Pharmacology: Cardiovascular Safety Assessments, Neurotoxicity Evaluations, Respiratory Safety Evaluations

5) By Other Services: Regulatory Support, Preclinical Study Design And Consulting, Custom Assay Development

What are the Emerging Market Trends Driving the Growth of the Preclinical Assets Industry?

The emergence of product innovations is a notable trend in the preclinical assets sector. Major players in this market are prioritizing the development of novel products and solutions to solidify their market standing and gain a competitive edge. For example, in April 2022, Charles River Laboratories International, an American pharmaceutical firm specialized in various preclinical and clinical laboratories, and Valo Health Inc., a tech firm from the US creating innovative drug discovery, introduced an AI-powered drug solution called Logica. This solution converts clients’ biological learnings into optimized preclinical assets. It takes advantage of Charles River’s advanced preclinical understanding and Valo’s Opal Computational Platform powered by AI to offer clients a revamped method of digging up new drugs. This integrated service seamlessly transitions clients’ targets to candidate nomination. Through collaborating with Valo, Charles River amalgamates its lab expertise with molecular design technology, thereby causing a profound transformation in the industry. It presents clients with highly competent leads and candidates, aligning client expenditure with value generation.

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Which Regions Are Driving Growth in the Preclinical Assets Market?

North America was the largest region in the preclinical assets market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the preclinical assets market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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This Report Delivers Insight On:

1. How big is the preclinical assets market, and how is it changing globally?

2. Who are the major companies in the preclinical assets market, and how are they performing?

3. What are the key opportunities and risks in the preclinical assets market right now?

4. Which products or customer segments are growing the most in the preclinical assets market?

5. What factors are helping or slowing down the growth of the preclinical assets market?

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