Pharmaceutical Analytical Testing Outsourcing Market Sees Promising Growth

Posted by Donald Rooney on October 4th, 2019

Pharmaceutical analytical testing outsourcing is the constitution of services from the manufacturing, testing and validating the pharmaceuticals and therapeutics. This involves validating pharmaceutical ingredient, compounds, manufacturing methods required for the development of these drugs. Global pharmaceutical analytical testing outsourcing market is expected to rise to an estimated value of USD 10.42 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. Key players profiled in this report are: SGS SA; TOXIKON; Eurofins Scientific; Pace Analytical Services, LLC; Intertek Group plc; Pharmaceutical Product Development, LLC; Exova; Charles River; Boston Analytical; West Pharmaceutical Services, Inc.; Dalton Pharma Services; Merck KGaA; Cambrex Corporation; WuXi AppTec; Source BioScience; Ajinomoto Bio-Pharma; Catalent, Inc; Gateway Analytical

Market Drivers

  •          Increasing usage of pharmaceuticals and therapeutics requiring specialized manufacturing capabilities; this factor is expected to drive the growth of the market
  •          Growth in modernization and innovations requiring reduction of operating costs of manufacturing and development; this factor is expected to enhance the growth of the market
  •          Presence of strict regulations and requirement of pertaining to the standards provided by the authorities; this factor is expected to flourish the growth of the market

Market Restraints

  •          Reliance on performance of unstable outsourced manufacturing organizations; this factor is expected to hamper the market growth
  •          Concerns regarding privacy/theft of confidential data of manufacturing pharmaceuticals; this factor is expected to restrain the market growth

Competitive Analysis: Global Pharmaceutical Analytical Testing Outsourcing Market

Global pharmaceutical analytical testing outsourcing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pharmaceutical analytical testing outsourcing market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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Segmentation: Global Pharmaceutical Analytical Testing Outsourcing Market

  •          Global Pharmaceutical Analytical Testing Outsourcing Market By Service Type (Bioanalytical Testing, Method Development & Validation, Stability Testing, Others)
  •          Product Type (Raw Materials, Finished Product, Active Pharmaceutical Ingredients),
  •          End-Users (Pharmaceutical & Biopharmaceutical Companies, Biotechnology Industry)
  •          Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026

Reasons to Purchase this Report

  •          Current and future of global pharmaceutical analytical testing outsourcing market outlook in the developed and emerging markets
  •          The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  •          Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  •          The latest developments, market shares, and strategies that are employed by the major market players

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Donald Rooney

About the Author

Donald Rooney
Joined: September 12th, 2019
Articles Posted: 87

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