The Healthcare Analytical Testing Services market crossed US$ 7.19 billion mark in 2022 and is expected to hit US$ 15.42 billion by 2030, recording a CAGR of 10.0% during the forecast period.
Rising demand for bioanalytical testing services due to its advantages, such as utility in controlling the cost of drug development and effectively evaluating the therapeutic entity leading to a cost-effective drug development cycle, is one of the major factors driving the market growth. With the increasing utility of these services in ensuring the quality of pharmaceuticals and biopharmaceuticals before release for sale, supply, or export, the healthcare analytical testing services market is expected to witness significant growth during the forecast period. Further, other segment such as batch-release testing services is also expected to gain traction during the forecasted year.
The “Healthcare Analytical Testing Services Market forecast 2030 report analyses the present and future competitive scenario of the analytics industry. Healthcare Analytical Testing Services Market report offers an in-depth analysis on segments including top companies, products, applications, revenue and regions. a number of topics including likewise market share, drivers, trends and methods. This report additionally offers insights into the latest growth and trends. It encapsulates key aspects of the market, with focus on leading key player’s areas that have witnessed the highest demand, leading regions and applications.
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The report covers an in-depth analysis of the key market players within the market
- Eurofins Scientific
- Syneos Health
- PPD Inc.
- ICON plc.
- Charles River Laboratories
- Pace Analytical Services, LLC
- Merck KGAA
- Source BioScience
Recent strategic developments in the healthcare analytical testing services market
The healthcare analytical testing services market has undergone several significant developments, and a few of these have been mentioned below:
- In June 2021, WuXi AppTec announced opening a new pharmaceutical manufacturing campus in Delaware, US.
- In April 2021, SGS S.A. announced the acquisition of SYNLABS Analytics & Services to strengthen SGS’ presence in Northwestern Europe, especially in Germany, Benelux, and the Nordic countries.
- In April 2021, Charles River Laboratories announced the acquisition of Retrogenix Ltd., which provides air sampling and quality and offers cell microarray services, to boost its early-stage contract research organization offerings.
Target audience for the report:
- Testing agents’ manufacturers
- Analytical Instruments providers
- Equipment providers
- Instruments and equipment related service providers
- Biopharmaceutical associations, organizations, forums, and alliances
- Government bodies, such as regulating authorities and policy makers
- Venture capitalists, private equity firms, and start-up companies
- End users of analytical testing services
- Research institutes, organizations, and consulting companies
In this report, the market has been segmented on the basis of:
Healthcare Analytical Testing Services Market by Types:
- Bioanalytical Testing Services
- Physical Characterization Services
- Method Development and Validation Services
- Raw Material Testing Services
- Batch-release Testing Services
- Stability Testing
- Microbial Testing Services
- Environmental Monitoring Services
Healthcare Analytical Testing Services Market by Applications:
- End User
- Pharmaceutical and Biopharmaceutical Companies
- Medical Device Companies
- Contract Research Organizations
- North America
- Asia Pacific (APAC)
- South & Central America
- Middle East & Africa
Market Analysis and Insights: Healthcare Analytical Testing Services Market
Healthcare Analytical Testing Services Market report elaborates the market size, market characteristics, and market growth of the Healthcare Analytical Testing Services industry, and breaks down according to the type, application, and consumption space of Healthcare Analytical Testing Services. The report also conducted a PESTEL analysis of the industry to check the most influencing factors and entry barriers of the industry.
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Some of the key queries answered in this report:
- -What can we estimate about the anticipated growth rates and also the Healthcare Analytical Testing Services industry size by 2030?
- -What will happen in the coming existing and emerging markets?
- -Which are the five top players within the Healthcare Analytical Testing Services market?
- -How can the Healthcare Analytical Testing Services market change in the upcoming years?
- -Which product and application will take a share of the Healthcare Analytical Testing Services market?
- -What will be the CAGR and size of the Healthcare Analytical Testing Services market throughout the forecast period?
- -What are the market opportunities and challenges two-faced by the key vendors?
- -Who are the major competitors and what is their strategy?
- -What are the barriers to entry for new players in the market?
- -What would be the upcoming Healthcare Analytical Testing Services market behaviour forecast with trends, challenges, and drivers for development?
- -What business opportunities and dangers are faced by vendors in the market?
- -Which would be Healthcare Analytical Testing Services industry opportunities and challenges have faced by most vendors in the market?
- -What will be the outcomes of this market SWOT five forces analysis?
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