Healthcare Analytical Testing Services Market: Current Analysis and Forecast (2022-2028)
Description
Healthcare Analytical Testing Services Market: Current Analysis and Forecast (2022-2028)
Global Healthcare Analytical Testing Services Market is expected to grow at a significant rate of around 9% during the forecast period. The analytical testing of bulk drug materials, intermediates, finished pharmaceutical products, drug formulations, contaminants and degradation products, as well as biological samples containing the medications and their metabolites, is crucial in the field of pharmaceutical research. Thus, a rise in research and the development of new drugs, biosimilars, combination products, and other innovative medicines is creating the demand for different specific types of tests which in turn is driving the healthcare analytical testing services market globally. Furthermore, an increasing predominance of the analytical testing rate of biosimilar and biologics, a significant rise in the number of clinical trials and growing adoption of the quality-by-design approach in pharmaceutical research and manufacturing are some of the prominent factors contributing to the growth of the market.
Eurofins Scientific, Charles River Laboratories, Thermo Fisher Scientific, Merck KGAA, Danaher Corporation, Sartorius AG, Syneos Health, Almac Group, WuXi AppTec Co. Ltd., SGS S.A. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
"Amongst type, bioanalytical testing services category to witness higher CAGR during the forecast period”
Based on the type, the healthcare analytical testing services market is segmented into bioanalytical testing services, physical characterization services, method development & validation testing services, raw material testing services, batch-release testing service, stability testing, microbial testing services, and environmental monitoring services. The bioanalytical testing services segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe as the utility of this service controls the cost of drug development.
"Amongst end-user, the pharmaceutical & biopharmaceutical companies to hold a significant share in the market in 2020”
Based on end-user, the market is fragmented into pharmaceutical & biopharmaceutical companies, medical device companies, and clinical research organizations. The pharmaceutical & biopharmaceutical companies segment is expected to grab a considerable market share in 2020 and is expected to grow with a lucrative CAGR during the forecast period as these businesses have a sizable need for analytical testing to support the numerous manufacturing and marketing operations, clinical trials, medication discovery, and drug development procedures.
"North America to hold a significant share in the market”
For a better understanding of the market adoption of the healthcare analytical testing services industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. The major factors such as well-established healthcare infrastructure, the presence of a number of top pharmaceutical and biopharmaceutical companies in the region, high investments in the biosimilars & biologics segment, and increasing R&D expenditure.
Reasons to buy this report:
Global Healthcare Analytical Testing Services Market is expected to grow at a significant rate of around 9% during the forecast period. The analytical testing of bulk drug materials, intermediates, finished pharmaceutical products, drug formulations, contaminants and degradation products, as well as biological samples containing the medications and their metabolites, is crucial in the field of pharmaceutical research. Thus, a rise in research and the development of new drugs, biosimilars, combination products, and other innovative medicines is creating the demand for different specific types of tests which in turn is driving the healthcare analytical testing services market globally. Furthermore, an increasing predominance of the analytical testing rate of biosimilar and biologics, a significant rise in the number of clinical trials and growing adoption of the quality-by-design approach in pharmaceutical research and manufacturing are some of the prominent factors contributing to the growth of the market.
Eurofins Scientific, Charles River Laboratories, Thermo Fisher Scientific, Merck KGAA, Danaher Corporation, Sartorius AG, Syneos Health, Almac Group, WuXi AppTec Co. Ltd., SGS S.A. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
"Amongst type, bioanalytical testing services category to witness higher CAGR during the forecast period”
Based on the type, the healthcare analytical testing services market is segmented into bioanalytical testing services, physical characterization services, method development & validation testing services, raw material testing services, batch-release testing service, stability testing, microbial testing services, and environmental monitoring services. The bioanalytical testing services segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe as the utility of this service controls the cost of drug development.
"Amongst end-user, the pharmaceutical & biopharmaceutical companies to hold a significant share in the market in 2020”
Based on end-user, the market is fragmented into pharmaceutical & biopharmaceutical companies, medical device companies, and clinical research organizations. The pharmaceutical & biopharmaceutical companies segment is expected to grab a considerable market share in 2020 and is expected to grow with a lucrative CAGR during the forecast period as these businesses have a sizable need for analytical testing to support the numerous manufacturing and marketing operations, clinical trials, medication discovery, and drug development procedures.
"North America to hold a significant share in the market”
For a better understanding of the market adoption of the healthcare analytical testing services industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. The major factors such as well-established healthcare infrastructure, the presence of a number of top pharmaceutical and biopharmaceutical companies in the region, high investments in the biosimilars & biologics segment, and increasing R&D expenditure.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Table of Contents
154 Pages
- 1 MARKET INTRODUCTION
- 1.1. Market Definitions
- 1.2. Main Objective
- 1.3. Stakeholders
- 1.4. Limitation
- 2 RESEARCH METHODOLOGY OR ASSUMPTION
- 2.1. Research Process of the Healthcare Analytical Testing Services Market
- 2.2. Research Methodology of the Healthcare Analytical Testing Services Market
- 2.3. Respondent Profile
- 3 MARKET SYNOPSIS
- 4 EXECUTIVE SUMMARY
- 5 IMPACT OF COVID-19 ON THE HEALTHCARE ANALYTICAL TESTING SERVICES MARKET
- 6 HEALTHCARE ANALYTICAL TESTING SERVICES MARKET REVENUE, 2020-2028F
- 7 MARKET INSIGHTS BY TYPE
- 7.1. Bioanalytical Testing Services
- 7.2. Physical Characterization Services
- 7.3. Method Development & Validation Testing Services
- 7.4. Raw Material Testing Services
- 7.5. Batch-Release Testing Services
- 7.6. Stability Testing
- 7.7. Microbial Testing Services
- 7.8. Environmental Monitoring Services
- 8 MARKET INSIGHTS BY END-USER
- 8.1. Pharmaceutical & Biopharmaceutical Companies
- 8.2. Medical Device Companies
- 8.3. Clinical Research Organizations
- 9 MARKET INSIGHTS BY REGION
- 9.1. North America
- 9.1.1. The U.S.
- 9.1.2. Canada
- 9.1.3. Rest of North America
- 9.2. Europe
- 9.2.1. Germany
- 9.2.2. The U.K.
- 9.2.3. France
- 9.2.4. Italy
- 9.2.5. Spain
- 9.2.6. Rest of Europe
- 9.3. Asia-Pacific
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. India
- 9.3.4. Rest of Asia-Pacific
- 9.4. Rest of World
- 10 HEALTHCARE ANALYTICAL TESTING SERVICES MARKET DYNAMICS
- 10.1. Market Drivers
- 10.2. Market Challenges
- 10.3. Impact Analysis
- 11 HEALTHCARE ANALYTICAL TESTING SERVICES MARKET OPPORTUNITIES
- 12 HEALTHCARE ANALYTICAL TESTING SERVICES MARKET TRENDS
- 13 DEMAND AND SUPPLY-SIDE ANALYSIS
- 13.1. Demand Side Analysis
- 13.2. Supply Side Analysis
- 14 VALUE CHAIN ANALYSIS
- 15 COMPETITIVE SCENARIO
- 15.1. Competitive Landscape
- 15.1.1. Porters Fiver Forces Analysis
- 16 COMPANY PROFILED
- 16.1. Eurofins Scientific
- 16.2. Charles River Laboratories
- 16.3. Thermo Fisher Scientific
- 16.4. Merck KGAA
- 16.5. Danaher Corporation
- 16.6. Sartorius AG
- 16.7. Syneos Health
- 16.8. Almac Group
- 16.9. WuXi AppTec Co. Ltd.
- 16.10. SGS S.A.
- 17 DISCLAIMER
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