Global Healthcare Analytical Testing Services Market Study – Trends and Growth Analysis

  • Analysis
  • 20-June-2016

DecisionDatabases has added this new report “Global Healthcare Analytical Testing Services Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast “offering complete market analysis and growth trends. The report discusses the major companies operational in the healthcare analytical testing services industry and provides its detailed profile.
 

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The healthcare analytical testing services market is anticipated to grow at a high CAGR during the forecast period. The growing demand from neutaceutical & pharmaceutical industry, and the rising acceptance of the quality by design (QBD) approach by research-based pharmaceutical companies are the major driving factors of this industry. In addition, increasing demand for biologics drugs is also expected to fuel market demand over the coming years. However, insufficient expertise in this area and aggressive pricing competition among major players are some of the major market constraints, which may hamper market growth in the near future.

The global healthcare analytical testing services market has been segmented based on types into physical characterization services, bio-analytical testing services, microbial testing, method validation,  stability testing, environmental monitoring, raw material testing and batch release testing services. Bio-analytical testing service is one of the leading segments and is expected to attend a significant growth over the forecast period owing to its growing demand from pharma industries. The batch release testing service segment is anticipated to show a substantial growth in the near future. The healthcare analytical testing services market has been further segmented based on sample and end-user. Raw material is one of the major sample segments and is projected to grow at the highest CAGR over the forecast period on account of rising R&D expenditure for the pharmaceutical sector. Pharmaceutical and biopharmaceutical segment accounted for the largest market share and is estimated to grow at a considerable rate over the coming few years due to rising demand for analytical healthcare testing services and growing preference for advance quality products across the globe.

Geographically, North America is the major market for healthcare analytical testing services and is anticipated to witness a significant growth over the forecast period owing to the rising number of well-established analytical testing services markets in the region. In addition, the growth of this region has been attributed to various factors including rising demand for advance quality products in the pharmaceutical industry, along with the presence of a large number of major players in the region. The Asia-Pacific region is projected to grow at the highest CAGR in the near future on account of rising R&D investment in drug development coupled with growing pharmaceutical industries in the country. India and China are the major growth regions and are expected to contribute the largest market share over the forecast period owing to growing healthcare industries along with the availability of low-cost manufacturing facility in the area.
 
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The key players for healthcare analytical testing services include Eurofins Scientific SE, SGS S.A., Charles River Laboratories International Inc., WUXI Pharmatech (Cayman) Inc., PPD Inc., Exova Group PLC, Pace Analytical Services Inc., Intertek Group PLC., Bioreliance Corporation, Source Bioscience, Envigo, Anabiotec, Medistri SA.

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