Global Healthcare Analytical Testing Market Size study, by Type (Bioanalytical Testing, Physical Characterization, Raw Material Testing, Batch Release Testing, Stability Testing, Microbial Testing), by End User (Pharmaceutical & Biopharmaceuticals Companies, Medical Device Companies, Contract Research Organizations), and Regional Forecasts 2018-2025
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Product Code:
RP-ID-10073240 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
200 -
Category:
Healthcare & Pharmaceuticals -
Publisher:
Pub-ID-14
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
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Global Healthcare Analytical Testing Market to reach USD 7.5 billion by 2025.
Global Healthcare Analytical Testing Market valued approximately USD 3 billion in 2017 is anticipated to grow with a healthy growth rate of more than 12% over the forecast period 2018-2025. The Healthcare Analytical Testing is developing and expanding at a significant pace. The Healthcare analytical testing services are precisely utilized by the biopharmaceutical, pharmaceutical and medical device manufacturers for offering support to all the stages involved in the drug development process. The drug development process includes discovery through the preclinical and clinical development to commercial manufacturer. The Healthcare analytical testing services market is seeing an shift of focus towards the analytical testing of biosimilars and biologics, escalating outsourcing of the analytical testing by the pharmaceutical organizations, surging acceptance of the Q&D approach in the pharma and research manufacturing along with adoption of FTE contact in the research and development outsourcing are acting as major factors fueling the development and growth of healthcare analytical testing services market considering the global scenario.
On the basis of segmentation, The Healthcare analytical testing services market is segmented into Type and End User. In the Type segment, the bioanalytical testing segment is anticipated to hold the largest share considering the healthcare analytical testing services market. The dominant share of the bioanalytical testing segment could be attributed to surging number of drugs in the biopharmaceutical pipeline & the constant development of biopharmaceutical sector on the globe. Moreover, In the end user segment pharmaceutical & biopharmaceutical companies segment accounted for the dominant share owing to rising outsourcing of the Analytical testing services by the biopharmaceutical and pharmaceutical organizations to boost the profit margins, lower the time required to validate the product & process and avoid high capital expenditure.
The regional analysis of Global Healthcare Analytical Testing Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the fastest growing region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to be the dominating region over the forecast period 2018-2025.
The leading market players include-
 Labcorp
 SGS
 Charles River
 Wuxi Pharmatech
 Exova
 Pace Analytical
 Envigo
 MPI Research
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
 Bioanalytical Testing
 Physical Characterization
 Raw Material Testing
 Batch Release Testing
 Stability Testing
 Microbial Testing
By End User:
 Pharmaceutical & Biopharmaceutical Companies
 Medical Device Companies
 Contract Research Organizations
By Regions:
 North America
o U.S.
o Canada
 Europe
o UK
o Germany
 Asia Pacific
o China
o India
o Japan
 Latin America
o Brazil
o Mexico
 Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Healthcare Analytical Testing Market in Market Study:
 Key Consulting Companies & Advisors
 Large, medium-sized, and small enterprises
 Venture capitalists
 Value-Added Resellers (VARs)
 Third-party knowledge providers
 Investment bankers
 Investors
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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SGS
Charles River
Wuxi Pharmatech
Exova
Pace Analytical
Envigo
MPI Research