Global Pharmaceutical Analytical Testing Outsourcing Market Overview :
Global Pharmaceutical Analytical Testing Outsourcing market is estimated to reach $26.9 Billion by 2025; growing at a CAGR of 25.8% till 2025. Analytical testing is a significant part of the pharmaceutical development from first to the last stage of the drug or therapy. It is a key step in drug production which contains identification, determination, and purification of a compound. The analytical testing process also involves determining the structure of a chemical compound and helps in amalgamation and characterization of active pharmaceutical ingredients (API).
Global Pharmaceutical Analytical Testing Outsourcing Market: Growth Factors
The major factors driving the growth of the market are a rise in demand of bio-similar, biopharmaceuticals, and analytical drugs. Moreover, faster & reliable results and enhanced efficiency are the factors driving the market growth. However, stringent rules about quality and regulatory audits might hamper market growth.
Global Pharmaceutical Analytical Testing Outsourcing Market: Segmentation
The global pharmaceutical analytical testing outsourcing market is mainly classified on the basis of product type, service, and end user. By product type, the market is divided into raw materials, finished products, and active pharmaceuticals ingredients. On the basis of service, the market is divided into stability testing, method development & validation. By end user, the market is categorized as the biotechnology industry, and pharmaceutical & biopharmaceutical companies.
Global Pharmaceutical Analytical Testing Outsourcing Market: Regional Analysis
Based on geography, the global Pharmaceutical Analytical Testing Outsourcing market is divided into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further divided into the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is categorized into South America, the Middle East, and Africa
Global Pharmaceutical Analytical Testing Outsourcing Market: Competitive Players
Key players operating in the market include SGS SA, Toxikon, Inc., Eurofins Scientific, Pace Analytical Services LLC., Intertek Group plc, Pharmaceutical Product Development, LLC, Exova Group plc, Boston Analytical, Charles River Laboratories International, Inc., and West Pharmaceutical Services.
Pharmaceutical Analytical Testing Outsourcing Market Key Segments:
By Product Type
- Raw Materials
- Finished Products
- Active Pharmaceutical Ingredients
- Stability Testing
- Method Development & Validation
- Bioanalytical Testing
By End User
- Biotechnology Industry
- Pharmaceutical & Biopharmaceutical Companies
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East
Key Market Players
- SGS SA
- Toxikon, Inc.
- Eurofins Scientific
- Pace Analytical Services LLC.
- Intertek Group plc
- Pharmaceutical Product Development, LLC.
- Exova Group plc
- Boston Analytical
- Charles River Laboratories International, Inc.
- West Pharmaceutical Services
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies to fortify their foothold in the market