Pharmaceutical Analytical Testing Outsourcing Market to record USD 3.21 Bn growth -- Driven by an increased number of FDA-approved manufacturing facilities in developing nations

NEW YORK, Sept. 14, 2022 /PRNewswire/ -- The pharmaceutical analytical testing outsourcing market size is expected to grow by USD 3.21 billion, accelerating at a CAGR of 8.15% during the forecast period. The report considers various aspects such as the consumer base, adoption rate, average selling price, revenue generated by vendors, and various other factors to estimate the market size. Download Sample PDF Report Here to get an idea of the overall scope of the full report.

The global pharmaceutical analytical testing outsourcing market is fragmented. The report identifies Boston Analytical, Charles River Laboratories International Inc., Element Materials Technology Group Ltd., Eurofins Scientific SE, Intertek Group Plc, Laboratory Corp. of America Holdings, Pace Analytical Services LLC, PPD Inc., SGS SA, and WuXi AppTec Co. Ltd. among others as dominant players in the market.

The market is driven by an increased number of FDA-approved manufacturing facilities in developing nations. In addition, factors such as the increasing demand for analytical testing services from the pharmaceutical and biotechnology sector and regulatory compliance will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. The pharmaceutical analytical testing outsourcing market is fragmented, and the degree of fragmentation will accelerate during the forecast period.

Pharmaceutical Analytical Testing Outsourcing Market 2022-2026: Segmentation Analysis

• Service 
• Bioanalytical
• Method Development and Validation
• Stability Testing
• Others

The market growth in the bioanalytical segment will be significant over the forecast period. The segment is driven by growth in the pharmaceutical and biotechnology sectors.

• Geography 
• North America
• Europe
• APAC
• South America
• MEA

The market will observe significant growth in North America during the forecast period. The regional market is driven by increasing investments in R&D by pharmaceutical companies in the region.

The report also covers the following areas:

• Pharmaceutical Analytical Testing Outsourcing Market Size
• Pharmaceutical Analytical Testing Outsourcing Market Trends
• Pharmaceutical Analytical Testing Outsourcing Market Industry Analysis

Pharmaceutical Analytical Testing Outsourcing Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist pharmaceutical analytical testing outsourcing market growth during the next five years
• Estimation of the pharmaceutical analytical testing outsourcing market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the pharmaceutical analytical testing outsourcing market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of pharmaceutical analytical testing outsourcing market vendors

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Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2021
• Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Service

• Market segments
• Comparison by Service
• Bioanalytical - Market size and forecast 2021-2026
• Method development and validation - Market size and forecast 2021-2026
• Stability testing - Market size and forecast 2021-2026
• Others - Market size and forecast 2021-2026
• Market opportunity by Service

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2021-2026
• Europe - Market size and forecast 2021-2026
• APAC - Market size and forecast 2021-2026
• South America - Market size and forecast 2021-2026
• MEA - Market size and forecast 2021-2026
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Boston Analytical
• Charles River Laboratories International Inc.
• Element Materials Technology Group Ltd.
• Eurofins Scientific SE
• Intertek Group Plc
• Laboratory Corp. of America Holdings
• Pace Analytical Services LLC
• PPD Inc.
• SGS SA
• WuXi AppTec Co. Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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