Healthcare Analytical Testing Services Market Expected To Raise At CAGR of 11.4% By 2022-2027 | Top Companies
A new research report titled; ‘Global Healthcare Analytical Testing Services Market Research Report’ has been added to the vast repository of research reports by MarketsandMarkets™ INC. The report presents the current landscape and the growth prospects of the Global Healthcare Analytical Testing Services Market during the forecast period, along with the market dynamics such as the growth drivers, restraints, challenges, threats, and the potential growth opportunities. In terms of revenue, the healthcare analytical testing services market is projected to reach USD 11.1 billion by 2027 from USD 6.5 billion in 2022, at a CAGR of 11.4% during the forecast period.
Growth
in the market is driven by the growing production and development of
pharmaceuticals, biopharmaceuticals, and biologics, as well as the increasing
number of clinical trials.
The
research report focuses on the leading competitors of the global Healthcare
Analytical Testing Services market and provides information such as the company
overview, product portfolio, key developments, price, cost, value, volume,
revenue, capacity, production, and contact information. Upstream raw materials
and equipment and downstream demand analysis have also been carried out in this
report. The report also analyses the current development trends and patterns,
as well as the distribution and marketing channel. In the last section of this
report, the feasibility of the new investment projects is evaluated, and
overall research conclusions are offered.
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The
market is competitive and less fragmented. At the top with a large number of
leading market players based in developed countries or serve specific end-users
or regions rather than offering all services enlisted under healthcare
analytical testing. Prominent players in the healthcare analytical testing
services market include Eurofins Scientific (Luxembourg), LabCorp (US), SGS
(Switzerland), Charles River Laboratories (US), and WuXi AppTec (China).
Companies in the healthcare analytical testing services market have adopted
strategies such as partnerships, agreements, acquisitions, service launches as
well as expansions to enhance their presence in the healthcare analytical
testing services market.
Eurofins
Scientific (US) is a leading player in the healthcare analytical testing
services market and accounted for the largest share of the market in 2021.
Eurofins offers bioanalytical solutions ranging from preclinical non-GLP to
IND-enabling toxicity studies to multi-national Phase III clinical trials. In June 2022, Eurofins acquired majority
stakes in Ajal Laboratories (Saudi Arabia) to expand its food and
pharmaceutical products testing portfolio in the Kingdom of Saudi Arabia.
LabCorp
(US) is one of the prominent players in the healthcare analytical testing
services market. Through its integrated network of primary and specialist
laboratories across the US, it provides a comprehensive menu of frequently
requested core testing and specialty testing services The company has focused
on inorganic growth strategies such as expansions to increase its market share.
For instance, in November 2021, LabCorp announced the expansion of its global
offerings and its footprint in the Asia Pacific region with the opening of a
new and integrated bioanalytical laboratory in Singapore.
WuxiApp
Tech (China) WuXi AppTec primarily provides laboratory and manufacturing
outsourcing services to pharmaceutical, biopharmaceutical, and medical device
companies. The company has a comprehensive discovery and development services
portfolio. The company actively focuses on expansions to improve its
capabilities and capacity in the global market. WuXi also focuses on various
other growth strategies, such as mergers & acquisitions, collaborations,
agreements, and service launches.
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In
a realistic scenario, it could be assumed that the effect of COVID-19 on the
healthcare analytical testing services market has been positive and possibly
long-term. In this scenario, the markedly positive impact on the healthcare
analytical testing services market due to COVID-19 related vaccine and drug
development in 2020 and 2021 would subside slowly in the coming years.
Thereafter, the market growth is likely to stabilize and grow steadily, similar
to the pre-pandemic scenario.
The
research report categorizes the market into the following segments and
subsegments:
By
Type
·
Bioanalytical Testing Services
o Cell-Based Assay Services
o Virology Testing Services
o Immunogenicity &
Neutralizing Antibody Testing Services
o Biomarker Testing Services
o Pharmacokinetic Testing
Services
o Other Bioanalytical
Testing Services
·
Physical Characterization Services
o Laser Particle Size
Analysis Services
o Thermal Analysis Services
o Image Analysis Services
o Surface Area Analysis
Services
o Other Physical
Characterization Services
·
Method Development & Validation Testing Services
o Extractables &
Leachables Method Development & Validation Services
o Process Impurity Method
Development & Validation Services
o Stability-Indicating
Method Validation Services
o Cleaning Validation Method
Development Services
o Analytical Standard
Characterization Services
o Technical Consulting
Services
o Other Method Validation
Services
·
Raw Material Testing Services
o Complete Compendial
Testing Services
o Heavy Metal Testing
Services
o Container Testing Services
o Karl Fischer Analysis
Services
o Wet Chemistry Analysis
Services
o Other Raw Material Testing
Services
·
Batch-Release Testing Services
o Dissolution Testing
Services
o Elemental Impurity Testing
Services
o Disintegration Testing
Services
o Hardness Testing Services
o Friability Testing
Services
o Other Batch-Release
Testing Services
·
Stability Testing
o Drug Substance Stability
Testing Services
o Formulation Evaluation
Stability Testing Services
o Accelerated Stability
Testing Services
o Photostability Testing
Services
o Comparative Stability
Testing Services
o Other Stability Testing
Services
·
Microbial Testing Services
o Microbial Limit Testing
Services
o Sterility Testing Services
o Endotoxin Testing Services
o Preservative Efficacy
Testing Services
o Water Testing Services
o Other Microbial Testing
Services
·
Environmental Monitoring Services
o Air Testing Services
o Wastewater/ETP Testing
Services
o Other Environmental
Monitoring Services
By
End User
·
Pharmaceutical & Biopharmaceutical Companies
·
Medical Device Companies
·
Clinical Research Organizations
Some
of the key geographies mentioned in this report include:
·
North America (U.S and Canada and rest of North America)
·
Europe (Germany, France, Italy, and Rest of Europe)
·
Asia Pacific (China, Japan, India, South Korea and Rest of
Asia-Pacific)
·
LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and Rest of
LAMEA)
Healthcare Analytical Testing Services Key findings of
the report:
·
Industry overview of the global Healthcare Analytical Testing
Services market
·
Market dynamics, including the drivers, restraints,
challenges, threats, and the potential growth opportunities
·
Capacity, production, cost, price, value, volume, gross,
profit, gross margin, and revenue analysis of Healthcare Analytical Testing
Services market by geography, type, application, and industry verticals
·
Consumption volume, consumption value, and sale price
analysis of Healthcare Analytical Testing Services industry by geography, type,
application, and industry verticals
·
Supply, import, export, and consumption analysis of Healthcare
Analytical Testing Services
·
In-depth analysis of the key players operating in the market
·
Strengths and weaknesses of the leading industry players
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road, Suite 430, Northbrook, IL 60062
USA: 1-888-600-6441 | sales@marketsandmarkets.com
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