San Francisco, 1 April 2019: 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.
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/pharmaceuticals
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)
Access Press Release of
Pharmaceuticals Analytical Testing Outsourcing Market@
https://www.grandviewresearch.com/press-release/global-pharmaceutical-analytical-testing-outsourcing-market
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.
For More Information: www.grandviewresearch.com
