Global Pharmaceutical Testing Services Market Size, Status and Forecast | Valuates Reports

rocess or highlight other, previously unknown risks with the formulation.

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Market Trends

The global market for pharmaceutical analytical testing services is driven by the growing need for the development and cost reduction of core competencies by pharmaceutical companies and the rising acceptance of outsourcing as a key business and growth strategy. Research studies have exhibited that in the year 2012, pharmaceutical and biotechnological companies spend an estimated US$190 mn on in-house analytical development as against the US$664 mn spent on outsourcing analytical testing services. This is likely to strengthen the growth of the market in the coming years. On the other hand, the lack of skilled professionals and well-established healthcare infrastructure are some of the factors that threaten to hamper the growth of the pharmaceutical analytical testing services market. Apart from this, operational costs, fluctuations in good manufacturing practices (GMP), regulatory policies, and less turnaround times also impact the market growth.

North America is one of the leading regions in the pharmaceutical analytical testing services market and is driven by familiarity with the regulatory scenario and the presence of well-established outsourcing infrastructure. The growth landscape of the Europe pharmaceutical analytical testing services market is slowly catching up, experts have observed. Countries in Asia Pacific present significant growth potential thanks to the presence of a large pool of skilled professionals and relatively low operational costs. Rising investments in research is also a major factor driving the APAC pharmaceutical analytical testing services market. Investments in routine testing, multiplex protein profiling, biologics such as RNA sequencing, and others are likely to give Asia Pacific the boost it needs over the course of the forecast period.

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The key players covered in this study
Eurofins Scientific SE
SGS
Envigo
Exova Group PLC
PPD Inc.
Pace Analytical Services Inc.
Intertek Group
DYNALABS
RD Laboratories
EAG Inc.
ADPEN Laboratories
West Pharmaceutical Services, Inc.
Polymer Solutions
Boston Analytical
Accuratus Labs
Microbac
ARLBioPharma, Inc.
Lapuck Laboratories, Inc.
BioScreen Inc.

Market segment by Type, the product can be split into
Raw Materials Testing
In-Process and Product Release Testing
Finished Pharmaceutical Products Testing
Environmental Samples
Others

Market segment by Application, split into
Clinics
Hospitals
Others

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:
To analyze global Pharmaceutical Testing Services status, future forecast, growth opportunity, key market and key players.
To present the Pharmaceutical Testing Services development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.


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