The rising need to outsource analytical testing services for decreased manufacturing costs and augmented operational efficiency is a key market growth driver

The global healthcare analytical testing services market size is expected to reach USD 11.9 billion by 2028 at a CAGR of 11.6%, according to a new report by Reports and Data. The global market growth is significantly accelerated by the rising need for outsourcing healthcare analytical testing services, the growing number of contract research organizations, increasing clinical trials being performed worldwide, and the surging adoption of the quality-by-design approach among pharmaceutical companies. Pharmaceutical and biopharmaceutical companies worldwide are outsource healthcare analytical testing services to streamline drug manufacturing processes, ease the end-to-end stages of drug discovery, reduce their capital expenditure, and raise profit margins. Healthcare analytical testing services are also leveraged by these companies to reduce the time required for process validation, facilitate clinical trials and commercial launch of drugs, offer in-depth insights into patient records and hospital management, and improve patient outcomes. The significant rise of the biopharmaceutical sector, augmented focus on employing specialized testing services for biologics and biosimilars, and the growing development of biopharmaceutical drugs and products are further expected to propel the global healthcare analytical testing services market growth in the near future. However, the lack of technical expertise and skills and risks of user data breach associated with healthcare analytical testing services are specific factors expected to restrain the growth of this market in the upcoming years.

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Key Highlights of the Report:

• Based on type, the batch-release testing segment is poised to record the highest CAGR over the estimated timeframe. The dissolution testing services sub-segment is therefore expected to emerge as the most dominant, with the largest market share.
• Of the various end-users, the pharmaceutical biopharmaceutical companies segment is projected to account for the largest market share over the forecast period. The growth of this segment is mainly attributed to the growing demand for healthcare analytical testing services among these companies to facilitate clinical trials, drug discovery, and drug development processes.
• The North America region is predicted to dominate the global healthcare analytical testing services market over the estimated period in terms of revenue. The region is home to several leading pharmaceutical companies, which is a key factor propelling the market growth in this region. Increased investments in healthcare research development programs further bolsters the North America market growth.

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Competitive landscape:

The report also sheds light on leading players in the market with details about their global position, revenue contribution, financial standing, product portfolio and license agreement. The global Healthcare Analytical Testing Services market is extremely competitive and comprise global and regional market players. These players are focused on adopting various strategies such as mergers and acquisitions, collaborations, and government partnerships, research and development activities and introducing novel products to strengthen their market position. Some of the key players operating in the global market are Almac Group, LabCorp, Merck KGAA, Eurofins Scientific, Element Materials Technology, Syneos Health, WuXi PharmaTech, Pace Analytical, Frontage Labs, Medpace Holdings, Intertek, Source BioScience, PRA Health Sciences, STERIS PLC, LGC Limited, and Charles River Laboratories.

Further the research report offers details about 5 major regions covered in the global Healthcare Analytical Testing Services market.

Regional analysis covers:

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • Russia
  • UK.
  • Germany
  • France
  • BENELUX
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East Africa
  • Saudi Arabia
  • A.E.
  • Israel
  • Rest of MEA

Healthcare Analytical Testing Services Market Segmentation:

By Type (Revenue, USD Billion; 2018-2028)

• Bioanalytical Testing Services
• Immunogenicity Neutralizing Antibody Testing
• Cell-based Assays
• Virology Testing
• Pharmacokinetic Testing
• Biomarker Testing
• Others
• Method Development Validation Services
• Extractable Leachable Method Development Validation
• Stability-indicating Method Validation
• Process Impurity Method Development Validation
• Analytical Standard Characterization
• Cleaning Validation
• Technical Consulting
• Others
• Physical Characterization Services
• Laser Particle Size Analysis
• Thermal Analysis
• Surface Area Analysis
• Image Analysis
• Others
• Batch-release Testing Services
• Dissolution Testing
• Disintegration Testing
• Elemental Impurity Testing
• Hardness Testing
• Friability Testing
• Others
• Raw Material Testing Services
• Complete Compendia Testing
• Heavy Metal Testing
• Container Testing
• Karl Fischer Analysis
• Wet Chemistry Analysis
• Other Raw Material Testing Services
• Environmental Monitoring Services
• Air Testing
• Wastewater/ETP Testing
• Others
• Microbial Testing Services
• Microbial Limit Testing
• Preservative Efficacy Testing
• Endotoxin Testing
• Sterility Testing
• Water Testing
• Others
• Stability Testing
• Formulation Evaluation Stability Testing
• Accelerated Stability Testing
• Drug Substance Stability Testing
• Photostability Testing
• Comparative Stability Testing
• Others

By End-user (Revenue, USD Billion; 2018-2028)

• Pharmaceutical Biopharmaceutical Companies
• Contract Research Organizations
• Medical Device Companies

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