(EMAILWIRE.COM, January 12, 2019 ) North America dominated healthcare analytical testing services market followed by Europe, Asia-pacific, & Rest of the World. High quality standards in pharmaceutical industry, rapid growth in biosimilars & biologics market, & presence of a large pool of analytical testing providers are factors driving growth of this market.
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The global healthcare analytical testing services market is projected to reach USD 4.13 Billion by 2021 from USD 2.42 Billion in 2016, at a CAGR of 11.3% from 2016 to 2021. The market is expected to witness significant growth in the coming years due to the rising demand for analytical services for biologics and large-molecule drugs.
3 Executive Summary
4 Premium Insights
4.1 Healthcare Analytical Testing Services Market Overview
4.2 APAC: Healthcare Analytical Testing Services Market, By End User & Country
4.3 Healthcare Analytical Testing Services Market: Geographical Snapshot
4.4 Healthcare Analytical Testing Services Market: Geographical Mix
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Focus on Analytical Testing of Biologics and Biosimilars
5.2.1.2 Increasing Preference for Outsourcing Analytical Testing
5.2.1.3 Rising Adoption of the Quality By Design Approach
5.2.1.4 Adoption of Fte Contracts in R&D Outsourcing
5.2.2 Restraints
5.2.2.1 Pricing Pressure Faced By Major Players
5.2.2.2 Shortage of Skilled Professionals
5.2.3 Opportunities
5.2.3.1 Rising Demand for Specialized Analytical Testing Services
5.2.3.2 Growth Opportunities in Emerging Asia Pacific Countries
5.2.4 Challenges
5.2.4.1 Innovative Formulations and Medical Devices Demanding A Unique Analytical Testing Approach
5.2.4.2 Development of Appropriate Dissolution Methods
5.2.4.3 Growing Need to Improve the Sensitivity of Analytical Methods
6 Industry Insights
6.1 Industry Trends
6.1.1 Growing Industry Consolidation
6.1.2 Long-Term Outsourcing and Preferred Vendor Partnerships
6.2 Regulatory Analysis
More Information on Healthcare Analytical Testing Services Market with Top Trends at http://www.whatech.com/market-research/medical/543259-new-report-healthcare-analytical-testing-services-market-to-grow-at-11-7-cagr-to-2023 .
Key players in healthcare analytical testing services market are Exova Group Plc. (U.K.), Eurofins Scientific SE (Luxembourg), SGS (Switzerland), PPD Inc. (U.S.), WuXi PharmaTech (Cayman) Inc. (China), Charles River Laboratories International Inc. (U.S.), Source BioScience Plc. (U.K.), Anabiotec (Belgium), Intertek Group Plc. (U.K.), Medistri SA (Switzerland), Pace Analytical Services Inc. (U.S.), and BioReliance Corporation (U.S.).
Competitive Landscape
1 Introduction
2 Market Share Analysis
3 Competitive Situation and Trends
4 Acquisitions
5 Expansions
6 Agreements, Collaborations, and Partnerships
7 Service Launches
Report analyzes healthcare analytical testing services market by services, samples, end users, & regions. North America dominated the healthcare analytical testing services market followed by Europe, Asia-pacific, & Rest of the World.
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Geographically, North America commanded a major share of healthcare analytical testing services market in 2015. Asia-Pacific is expected to witness highest growth rate during forecast period. Growth in Asia-Pacific market can be attributed to large pool of pharmaceutical & biopharmaceutical companies, government support from both an economic and policy standpoint to drive innovation in life sciences, and rapidly increasing demand for outsourcing of analytical testing.
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for strengthening the market.
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