The Report Pharmaceutical Analytical Testing Outsourcing Market Analysis By Services (Bioanalytical
Testing, Method Development and Validation, Stability Testing), By Region
(North America, Europe, Asia Pacific, Latin America, MEA), And Segment
Forecasts, 2018 - 2025
The global pharmaceutical analytical testing outsourcing market is expected to reach USD 9.6 billion by 2025, according
to a new report by Grand View Research, Inc. The performance of market players
in pharmaceutical analytical testing domain is highly influenced by the level
of demand from end-user side. Due to intense market efforts, increasing awareness
level, improving accessibility, and government initiatives, consumers, these
days, are more concerned about self-care, resulting in higher consumption of
pharmaceutical products.
The consumption levels
are anticipated to rise exponentially over the forecast period. The companies
and government organizations are working collaboratively to bridge the gap
between supply and demand. As a result, companies have to realign their
manufacturing capabilities to meet the increasing demand.
A major price difference
between conducting analytical tests in-house and outsourcing has been observed.
Companies may lack the required set-up and expertise to perform every possible
test in-house. In addition, there are serval no routine activities that are
needed to be performed only once. These include registration stability storage
& testing, process & facility validation work, cleaning validations,
analytical testing using expensive equipment & method development. For such
tests, the best option is to outsource it to a specialty firm that has
expertise and experience in this vertical. Outsourcing benefits companies with
various aspects such as personnel management and reduction of equipment,
validation & maintenance cost.
Access Research Report of Pharmaceuticals
Analytical Testing Outsourcing Market @ http://www.grandviewresearch.com/industry-analysis/pharmaceutical-analytical-testing-outsourcing-market
Further key findings from the study suggest:
· The other methods of validation services
include cleaning validation services, analytical standard characterization, and
peak identification. These services are anticipated to witness growth over the
forecast period.
· Clinical bioanalytical testing market is
likely to witness growth rate of over 8.0% during the forecast period owing to
the increasing number of clinical trials coupled with a strengthened regulatory
framework to perform drug discovery and development process at par with
excellence.
· North America is expected to dominate the
market at a global level owing to the better quality and propelling research
activities being conducted within the region.
· Some of the key players in this market
include SGS SA; Toxikon, Inc.; Eurofins Scientific; Pharmaceutical Product
Development, LLC; Intertek Group plc; Pace Analytical Services, LLC; Exova
Group plc; Boston Analytical; Charles River Laboratories International Inc.;
and West Pharmaceutical Services, Inc. Regional & service portfolio
expansions and merger & acquisitions are key strategic undertakings of
these players.
Grand View Research has
segmented the global pharmaceutical analytical testing outsourcing market on
the basis of services and region:
Pharmaceutical Analytical Testing Outsourcing Services
Outlook (Revenue, USD Million, 2014-2025)
·
Bioanalytical Testing
·
Method Development & Validation
·
Stability Testing
·
Others
Pharmaceutical Analytical Testing Outsourcing Services
Regional Outlook (Revenue, USD Million, 2014-2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East and Africa (MEA)
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting services.
To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
