Healthcare Analytical Testing Services: Outsourcing Analytical Testing

Posted by Dheeraj Shaha on November 28th, 2019

Key factors driving growth in healthcare analytical testing services market are shift of focus towards analytical testing of biologics and biosimilars, increasing outsourcing of analytical testing by pharmaceutical companies, increasing acceptance of the QbD approach in pharma research/manufacturing, and adoption of FTE contracts in R&D outsourcing.

Healthcare analytical testing services are used by pharmaceutical, biopharmaceutical, and medical device manufacturers for providing support to all stages of the drug development process, from discovery through preclinical & clinical development to commercial manufacture.

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The bioanalytical testing segment accounted for the largest share of the global healthcare analytical testing services in 2017. The large share of this segment is due to increasing number of drugs in the biopharmaceutical pipeline and the growing biopharmaceutical industry.

The pharmaceutical and biopharmaceutical companies segment accounted for the largest share of the market. The large share of this segment can be attributed to the increasing outsourcing of analytical testing services by pharmaceutical and biopharmaceutical companies to boost profit margins, avoid high capital expenditure, and reduce the time required to validate the process and product.

Q: What is the market size of
Healthcare Analytical Testing Services Market?
Ans: The global size of
Healthcare Analytical Testing Services is projected to reach USD 5.97 billion by 2023, from an estimated USD 3.09 billion in 2017.

Q: What is the forecast period considered in
Healthcare Analytical Testing Services Industry Report?
Ans: Forecast period considered for
Healthcare Analytical Testing Services Industry is 2018–2023.

Q: What is the growth rate of
Healthcare Analytical Testing Services Market?
Ans: The
Healthcare Analytical Testing Services Industry is growing at a CAGR of 11.7%.

Q: What segments are covered in
Healthcare Analytical Testing Services Forecast Report?
Ans: Segments covered in
Healthcare Analytical Testing Services are Type, End User and Region.

Q: What geographies are covered in
Healthcare Analytical Testing Services Industry Analysis Report?
Ans: Major geographies covered in Healthcare Analytical Testing Services Market are North America, Europe, the Asia Pacific, and the Rest of the World.

Q: Who are the key players in
Healthcare Analytical Testing Services Market Research Report?
Ans: The major players in the global market include Almac Group (UK), Exova Group (UK), Eurofins Scientific (Luxembourg), PPD (US), Source BioScience (UK), LabCorp (US), Anabiotec (Belgium), Charles River Laboratories (US), Intertek Group (UK), Wuxi PharmaTech (China), and BioReliance (US).


Q: Which region accounted for largest share in Healthcare Analytical Testing Services Market?
Ans: The North America region accounted for the largest share of the market in 2018.

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North America accounted for the largest share of the healthcare analytical testing services industry, followed by Europe and Asia Pacific. The presence of a well-established pharmaceutical industry in the region, coupled with the high R&D expenditure, growth in the Biosimilars and generics markets, increasing number of analytical testing service providers, and rising outsourcing of analytical testing by biopharmaceutical companies are the major factors driving the growth of the healthcare analytical testing services in North America.


Dheeraj Shaha

About the Author

Dheeraj Shaha
Joined: July 3rd, 2019
Articles Posted: 197

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