Global Pharmaceutical Analytical Testing Outsourcing Industry To Cross $11 Billion By 2027 -

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Global Pharmaceutical Analytical Testing Outsourcing Industry To Cross $11 Billion By 2027 -

DUBLIN--(Business Wire)--The "Pharmaceutical Analytical Testing Outsourcing Market Size, Share & Trends Analysis Report by Service (Bioanalytical, Stability, Method Development & Validation), by Region, and Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.Com's offering.

The global pharmaceutical analytical testing outsourcing market size is expected to reach USD 11.4 billion by 2027, according to this report registering a CAGR of 8.3% over the forecast period.

Increasing pipelines for biological candidates, rising demand for additional analytical details on drugs, and process development by regulatory agencies are boosting the market growth.

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Analytical testing helps in providing real-time product quality control along with optimizing and monitoring processes, characterizing biosimilars and biologics, and improving productivity. One of the main reasons for outsourcing analytical testing services is to benefit from skilled and experienced professionals, as well as to access expensive analytical equipment which are not available in-house.

Increased development of biologics is also creating a demand for analytical testing services. In the last three decades, biologics have taken the center stage in the discovery and development of drugs. Moreover, there is a high demand to define higher-order biological structures. The need for better product characterization, along with comparability studies, especially for biosimilars, further leads to drug companies outsourcing these services.

Further key findings from the report suggest:

  • The outsourcing of clinical bioanalytical testing services emerged as the largest segment in 2019 with a share of around 79% owing to the increasing number of clinical trials
  • The extractable and leachable services segment is expected to witness a significant growth rate owing to an increasing number of vendors offering these services at competitive prices
  • North America dominated the global market with a share of 54.2% in 2019 as the region is one of the top manufacturing hubs of highly reliable, complex, and high-end pharmaceuticals
  • Key Topics Covered:

    Chapter 1. Methodology and Scope

    Chapter 2. Executive Summary

    Chapter 3. Pharmaceutical Analytical Testing Outsourcing Market Variables, Trends & Scope

    3.1. Market Lineage Outlook

    3.1.1. Parent market outlook

    3.1.2. Related/ancillary market outlook

    3.2. Penetration & Growth Prospect Mapping

    3.3. Market Dynamics

    3.3.1. Market Driver Analysis Innovation Regulation safety and quality End-users volume Pricing

    3.3.2. Market Restraint Analysis Data insecurity Third party performance

    3.3.3. Industry Challenges

    3.4. Pharmaceutical Analytical Testing Outsourcing: Market Analysis Tools

    3.4.1. Industry Analysis - Porter's Supplier Power Buyer Power Substitution Threat Threat from new entrant Competitive rivalry

    3.4.2. PESTEL Analysis Political Landscape Environmental Landscape Social Landscape Technology Landscape Legal Landscape

    3.4.3. Major Deals & Strategic Alliances Analysis

    Chapter 4. Pharmaceutical Analytical Testing Outsourcing Market: Segment Analysis, by Service, 2016 - 2027 (USD Million)

    4.1. Segment Dashboard

    4.2. Definitions & Scope

    4.3. Service Market Share Analysis, 2019 & 2027

    4.4. Global Pharmaceutical Analytical Testing Outsourcing Market, By Service, 2016 to 2027

    4.5. Market Size & Forecasts And Trend Analysis, 2016 to 2027 for the following

    4.5.1. Bioanalytical Testing Clinical Non Clinical

    4.5.2. Method Development & Validation ExtracTable & Leachable Impurity Method Technical Consulting Others

    4.5.3. Stability Testing

    4.5.4. Drug Substance Stability Indicating Method Validation Accelerated Stability Testing Photostability Testing Others

    4.5.5. Others

    Chapter 5. Pharmaceutical Analytical Testing Outsourcing Market: Regional Market Analysis, by Service, 2016 - 2027 (USD Million)

    5.1. Regional Market Dashboard

    5.2. Regional Market Share Analysis, 2019 & 2027

    5.3. Market Size, Forecasts, And Trend Analysis, 2016 to 2027:

    5.4. North America

    5.5. Europe

    5.6. Asia Pacific

    5.7. Latin America

    5.8. Middle East and Africa

    Chapter 6. Pharmaceutical Analytical Testing Outsourcing Market - Competitive Analysis

    6.1. Key companies profiled

    6.1.1. SGS SA Company overview Financial performance Product benchmarking Strategic initiatives

    6.1.2. Toxikon, Inc.

    6.1.3. Eurofins Scientific

    6.1.4. Pace Analytical Services, Inc.

    6.1.5. Intertek Group Plc

    6.1.6. Pharmaceutical Product Development, LLC.

    6.1.7. WuXi AppTec, Inc.

    6.1.8. Boston Analytical

    6.1.9. Boston Analytical

    6.1.10. Charles River Laboratories International, Inc.

    6.1.11. West Pharmaceutical Services Inc.

    For more information about this report visit https://www.Researchandmarkets.Com/r/y4pcs

    ResearchAndMarkets.ComLaura Wood, Senior Press [email protected] E.S.T Office Hours Call 1-917-300-0470For U.S./CAN Toll Free Call 1-800-526-8630For GMT Office Hours Call +353-1-416-8900

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