openPR Logo
Press release

Global Pharmaceutical Analytical Testing Outsourcing in Healthcare Market is expected to grow at CAGR 8.3% by 2029 owing to increasing number of analytical service launches by pharma companies, says Absolute Markets Insights

07-14-2021 07:09 AM CET | Health & Medicine

Press release from: Absolute Markets Insights

Global Pharmaceutical Analytical Testing Outsourcing

In July, 2021, LGM Pharma announced that it will now offer contract analytical testing and stability services to pharmaceutical developers and manufacturers, which will duly include compounding pharmacies. The company already conducts analytical services as part of its integrated contract development and manufacturing (CDMO) activities but is now offering its analytical services expertise and facilities as a standalone contract service. The company’s acquisition of Nexgen Pharma’s CDMO business in 2020 expanded its capabilities and facilities, allowing LGM Pharma to offer the contract testing service. The company’s services include comprehensive analytical method development and validation processes that meet all current good manufacturing practice requirements and International Conference on Harmonisation (ICH) guidelines. LGM Pharma analyzes samples using accepted pharmacopoeia methods, and its on-site stability chambers are maintained per ICH guidelines. Testing provides the evidence needed to support shelf-life claims for FDA regulatory filings.

Request a Sample@ https://www.absolutemarketsinsights.com/request_sample.php?id=530

Eurofins Scientific, one of the global leaders in biopharmaceutical products testing services, announced in 2018 that it has signed an outsourcing agreement with Astellas to outsource one of its internal testing laboratories Astellas Analytical Science Laboratories, Inc.
ASL was established in 1996 as the core pharmaceutical product testing provider for Astellas Pharma Inc., one of the largest pharmaceutical companies in Japan. ASL primarily offers analytical testing services that allow high-quality pharmaceuticals to enter the market. The company provides quality assessment of raw materials, drug substances and preparations related to drug approval applications. It also offers quality evaluation of formulation, stability evaluation, test method validation, physicochemical testing and microbiological testing using the latest analytical instruments available, including Cell Based Assay (CBA) for antibodies. ASL is located in Kyoto and employs over 140 staff. As part of this outsourcing program, Astellas has committed to provide ASL work covering its current capacity for an agreed period of time as the company invests in further capabilities and staff to serve a wider range of clients.

Enquiry Before Buying@ https://www.absolutemarketsinsights.com/enquiry_before_buying.php?id=530

ASL will be Eurofins’ first laboratory in Japan offering test services with the Good Manufacturing Practice (GMP) standard. It will become a key laboratory for the Group’s global GMP laboratory network, counting already more than 30 GMP sites in Europe, India and the United States. This outsourcing deal with Astellas provides Eurofins with a valuable entry into the biopharmaceutical products testing market in Japan. The outsourcing of this highly reputed laboratory expands the Group’s growing footprint in Asia Pacific region, and provides a steady platform to further expand in the biopharmaceutical products testing market in Asia.
Improved analytical methods continue to be an urgent need for nearly every aspect of biopharmaceutical manufacturing, according to BioPlan’s “14th Annual Report and Survey of Biopharmaceutical Manufacturing and Production.” Better analytical methods are needed to increase productivity in active agent design, discovery, screening, and optimization. Nearly all biopharmaceutical developers use outsourcing for at least some of their services, including analytical testing. Outsourcing allows companies to focus on their core competencies, and allows them to send out more complex activities, related bottlenecks or the repetitive tasks. This provides cost savings by allowing companies to avoid building specialized facilities and hiring staff amongst others. As more companies continue to outsource such testing, and as in-house capabilities dwindle, it will become increasingly difficult for bio manufacturers to bring such testing activities back in-house.

Request for Customization@
https://www.absolutemarketsinsights.com/request_for_customization.php?id=530

The detailed research study provides qualitative and quantitative analysis of the global pharmaceutical analytical testing outsourcing in healthcare market. The pharmaceutical analytical testing outsourcing in healthcare market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America

Global Pharmaceutical Analytical Testing Outsourcing in Healthcare Market

• By Product Type
o Raw Materials
o API

• By Service
o Bio analytical Testing
o Stability Testing

• By Region:
o North America
• U.S.
• Canada
• Mexico
• Rest of North America
o Europe
• France
• The UK
• Spain
• Germany
• Italy
• Nordic Countries
 Denmark
 Finland
 Iceland
 Sweden
 Norway
• Benelux Union
 Belgium
 The Netherlands
 Luxembourg
• Rest of Europe
o Asia Pacific
• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Southeast Asia
 Indonesia
 Thailand
 Malaysia
 Singapore
 Rest of Southeast Asia
• Rest of Asia Pacific
o Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of Middle East & Africa
o Latin America
• Brazil
• Argentina
• Rest of Latin America

Get Full Information of this premium report@ https://www.absolutemarketsinsights.com/reports/Global-Pharmaceutical-Analytical-Testing-Outsourcing-in-Healthcare-Market-2019-2027-530

Contact Us:

Company: Absolute Markets Insights
Email id: sales@absolutemarketsinsights.com
Phone: +91-740-024-2424
Contact Name: Shreyas Tanna

About Us:

Absolute Markets Insights assists in providing accurate and latest trends related to consumer demand, consumer behavior, sales, and growth opportunities, for the better understanding of the market, thus helping in product designing, featuring, and demanding forecasts. Our experts provide you the end-products that can provide transparency, actionable data, cross-channel deployment program, performance, accurate testing capabilities and the ability to promote ongoing optimization.

From the in-depth analysis and segregation, we serve our clients to fulfill their immediate as well as ongoing research requirements. Minute analysis impact large decisions and thereby the source of business intelligence (BI) plays an important role, which keeps us upgraded with current and upcoming market scenarios.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Pharmaceutical Analytical Testing Outsourcing in Healthcare Market is expected to grow at CAGR 8.3% by 2029 owing to increasing number of analytical service launches by pharma companies, says Absolute Markets Insights here

News-ID: 2327806 • Views:

More Releases from Absolute Markets Insights

Gesture Recognition Market Present Scenario and Growth Prospects 2023-2031| Google Inc., Microsoft Corporation, Apple Inc., and Qualcomm Technologies Inc.
Gesture Recognition Market Present Scenario and Growth Prospects 2023-2031| Goog …
The latest report, Global Gesture Recognition Market by Absolute Markets Insights is analyzed and researched on the basis of the comprehensive analysis of the global market. The report focuses on key market-related aspects including market segmentation, geographic segmentation, dynamics, and other market growth factors. The report contains detailed analysis of the distinct industrial growth strategies, which helps to determine the dominant segments and to know about different factors. The scope
Blockchain Identity Management Market to Reach a Valuation of USD 60 million by 2031 Research on Latest Technologies by Absolute Markets Insights
Blockchain Identity Management Market to Reach a Valuation of USD 60 million by …
Global Blockchain Identity Management Market Report is a compilation of comprehensive research studies on various aspects of the Blockchain Identity Management Market. With accurate data and highly authentic information, it makes a brilliant attempt to provide a real, transparent picture of current and future situations of the global Blockchain Identity Management Market. Market participants can use this powerful tool when creating effective business plans or making important changes to their
Payment Software Market Size Revenue to Cross USD 510 million by 2031: Absolute Markets Insights
Payment Software Market Size Revenue to Cross USD 510 million by 2031: Absolute …
Global Payment Software Market was valued at USD 240 million in 2023 and is anticipated to exceed USD 510 million by 2031. The Global Payment Software Market Report studies extensive evaluation of the market growth predictions and restrictions. The strategies range from new product launches, expansions, agreements, joint ventures, partnerships, to acquisitions. This report comprises of a deep knowledge and information on what the market's definition, classifications, applications, and engagements and
Artificial Intelligence in Healthcare Market Size Worth USD 5,310.31 Million By 2031 | CAGR 48.29 %: Absolute Markets Insights
Artificial Intelligence in Healthcare Market Size Worth USD 5,310.31 Million By …
A New Market study by Absolute Markets Insights on the Global Artificial Intelligence in Healthcare Market has been released with reliable information and accurate forecasts for a better understanding of the current and future market scenarios. The report offers an in-depth analysis of the global market, including qualitative and quantitative insights, historical data, and estimated projections about the market size and share in the forecast period. The forecasts mentioned in

All 5 Releases


More Releases for Pharma

Miglitol Market Size, Share and Forecast By Key Players-Weiao Pharma, Zhejiang M …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Miglitol market is anticipated to grow at a compound annual growth rate (CAGR) of 11.49% between 2024 and 2031. The market is expected to grow to USD 22.32 Billion by 2024. The valuation is expected to reach USD 47.79 Billion by 2031. The Miglitol market is experiencing significant growth due to the rising prevalence of diabetes and the increasing awareness of the
Dacarbazine Market Size, Share and Forecast By Key Players-Lingnan Pharma, Ruiyi …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Dacarbazine market is anticipated to grow at a compound annual growth rate (CAGR) of 14.63% between 2024 and 2031. The market is expected to grow to USD 25.32 Billion by 2024. The valuation is expected to reach USD 65.84 Billion by 2031. The Dacarbazine market is projected to witness significant growth in the coming years, driven by increasing
Dacarbazine Market Size, Share and Forecast By Key Players-Lingnan Pharma, Ruiyi …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- According to the MRI Team's Market Research Intellect, the global Dacarbazine market is anticipated to grow at a compound annual growth rate (CAGR) of 14.63% between 2024 and 2031. The market is expected to grow to USD 25.32 Billion by 2024. The valuation is expected to reach USD 65.84 Billion by 2031. The dacarbazine market is experiencing steady growth, driven by the rising incidence of cancer globally. As
Epilepsy Pipeline Assessment 2024: Therapies, Clinical Trials, and Market Insigh …
(Las Vegas, Nevada, United States) As per DelveInsight's assessment, globally, Epilepsy pipeline constitutes 75+ key companies continuously working towards developing 90+ Epilepsy treatment therapies, analysis of Clinical Trials, Therapies, Mechanism of Action, Route of Administration, and Developments analyzes DelveInsight. The Epilepsy Pipeline report embraces in-depth commercial and clinical assessment of the pipeline products from the pre-clinical developmental phase to the marketed phase. The report also covers a detailed description of the
Global Indomethacin Market Seeking Excellent Growth by 2028 | Ratiopharm, Merck, …
"IBI has published a report entitled Global Indomethacin Market Research Report which provides comprehensive data on emerging trends, market drivers, growth opportunities, and barriers that could change the dynamics of the industry market. It provides an in-depth analysis of market segments which includes the product, application, and competitor analysis. Click Here To Order A Sample Copy Of Indomethacin Global Market Report : https://www.infinitybusinessinsights.com/request_sample.php?id=380382 The Indomethacin Global Market Research Report provides close monitoring
Roxatidine Market 2020: Top Companies Analysis To Grow Healthcare Business by 20 …
Business Industry Reports Research has recently announced a report on Global Roxatidine Market based on the Category Industry. The Roxatidine Market report emphasizes various key aspects, which include growth drivers, restraints, opportunities and recent market trends for the forecast period 2020-2024. Global Roxatidine Market overview: Business Industry Reports Analyst covers the Major Players data, including: shipment, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the