Pharmaceutical Testing and Analytical Services Market to See Massive Growth by 2027 | Eurofins Scientific, RD Laboratories, WuXi AppTec

A new research document is added in HTF MI database of 200 pages, titled as 'Global Pharmaceutical Testing and Analytical Services Market Size study, by Service Type (Bioanalytical Testing, Method Development & Validation, Raw Material Testing, Stability Testing, Microbial Testing and Others), By End-User (Medical Device Companies, Pharmaceutical & Biopharmaceutical Companies and Others) and Regional Forecasts 2020-2027' with detailed analysis, Competitive landscape, forecast and strategies. Latest analysis highlights high growth emerging players and leaders by market share that are currently attracting exceptional attention. The identification of hot and emerging players is completed by profiling 50+ Industry players; some of the profiled players are Eurofins Scientific, Laboratory Corporation of America Holdings, Charles River Laboratories International, Inc., SGS S.A, Intertek Group plc, RD Laboratories, Inc, WuXi AppTec Co., Ltd., DYNALABS LLC (Infinity Laboratories), ARL Bio Pharma. The Market has witnessed continuous growth in the past few years and is projected to see some stability post Q2,2020 and may grow further during forecast year 2021-2026

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Summary
Global Pharmaceutical Testing and Analytical Services Market is valued approximately USD 3.50 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 11.00 % over the forecast period 2020-2027. Pharmaceutical testing and analytical services serve a variety of purposes and used to identify the chemical composition and molecular structure of each individual substance contained in a medication. This approach is mainly used to provide insights into a drugs performance and safety considerations. Also, these services can predict the medications ability to reach to specific target within a body. Presently, the outbreak of coronavirus has put an immense pressure on life sciences sector to innovate in treatments and vaccines. Also, there is an unprecedented demand for technical support pertaining to finished product and raw material testing. As a result, companies in the pharmaceutical testing and analytical services market are meeting demand pertaining to the discovery and development of small-molecule drugs and vaccines. Also, the key players are focusing on strategies such as product launch, innovation and merger & acquisition to sustain themselves amidst fierce competition. Growing need for the development and cost reduction of core competencies by pharmaceutical companies and the rising acceptance of outsourcing would drive the growth of the market during the forecast period of 2020-2027. As per Pharmaceutical Research and Manufacturers of America report of 2018, biopharmaceutical research companies in U.S. are developing 200 medicines for heart diseases, 537 medicines for neurological disorders, 260 vaccines enhancing research and development activities. As per the Canadian Government, total research and development expenditure in scientific research by Canada accounted for $7,612 million in 2017/2018. Hence, pertaining the above facts, OBRC analysis finds North America as the second most favorable region for investment over the forecast period (2017-2024). However, the lack of skilled professional is hampering the growth of the market during the forecast period of 2020-2027.

The regional analysis of global Pharmaceutical Testing and Analytical Services 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 leading/significant region due to the well-established healthcare infrastructure and familiarity with the regulatory scenario. Also, the dominance of the region is witnessed owing to the growing need for the development and cost reduction of core competencies by pharmaceutical companies. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:
Eurofins Scientific, Laboratory Corporation of America Holdings, Charles River Laboratories International, Inc., SGS S.A, Intertek Group plc, RD Laboratories, Inc, WuXi AppTec Co., Ltd., DYNALABS LLC (Infinity Laboratories), ARL Bio Pharma

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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 Service Type: Bioanalytical Testing, Method Development & Validation, Raw Material Testing
Stability Testing, Microbial Testing, Others
By End-User: Medical Device Companies, Pharmaceutical & Biopharmaceutical Companies, Others

By Region:
North America (United States, Canada, Mexico)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, Australia, China Taiwan, Rest of Asia-Pacific)
Europe (Germany, UK, France, Italy, Russia, Spain, Benelux, Rest of Europe)
South America (Brazil, Argentina, Colombia, Chile, Rest of South America)
Middle East & Africa (Saudi Arabia, Turkey, Egypt, South Africa, Rest of Middle East & Africa)

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Pharmaceutical Testing and Analytical Services 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

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Pharmaceutical Testing and Analytical Services Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Pharmaceutical Testing and Analytical Services Market Dynamics
3.1. Pharmaceutical Testing and Analytical Services Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Pharmaceutical Testing and Analytical Services Market Industry Analysis
4.1. Porter’s 5 Force Model
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Pharmaceutical Testing and Analytical Services Market, by Service Type
5.1. Market Snapshot
5.2. Global Pharmaceutical Testing and Analytical Services Market by Service Type, Performance - Potential Analysis
5.3. Global Pharmaceutical Testing and Analytical Services Market Estimates & Forecasts by Service Type 2017-2027 (USD Billion)
5.4. Pharmaceutical Testing and Analytical Services Market, Sub Segment Analysis
Chapter 6. Global Pharmaceutical Testing and Analytical Services Market, by End-User
6.1. Market Snapshot
6.2. Global Pharmaceutical Testing and Analytical Services Market by End-User, Performance - Potential Analysis
6.3. Global Pharmaceutical Testing and Analytical Services Market Estimates & Forecasts by End-User 2017 -2027 (USD Billion)
6.4. Pharmaceutical Testing and Analytical Services Market, Sub Segment Analysis
Chapter 7. Global Pharmaceutical Testing and Analytical Services Market, Regional Analysis
7.1. Pharmaceutical Testing and Analytical Services Market, Regional Market Snapshot
7.2. North America Pharmaceutical Testing and Analytical Services Market
7.3. Europe Pharmaceutical Testing and Analytical Services Market Snapshot
7.4. Asia-Pacific Pharmaceutical Testing and Analytical Services Market Snapshot

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