Healthcare Analytical Testing Services Market Size To Reach USD 11.9 Billion By 2028 Says Reports And Data

Global research report called Healthcare Analytical Testing Services market was recently published by Reports and Data. to provide guidance for the business. The new research study on Healthcare Analytical Testing Services market sheds light on the current scope as well as on the upcoming opportunities in the future. The global Healthcare Analytical Testing Services market size is expected to reach USD 11.9 Billion by 2028 and register a CAGR of 11.6 % over the forecast period, according to the latest report by Reports and Data. Some key factors such as growing funding by public and private sectors and increasing utilization of Healthcare Analytical Testing Services in drug discovery are driving global market revenue growth.

Overall high cost of assays due to high maintenance and instrument costs, lack of skilled professionals, and stringent regulations on reagent usage are some key factors expected to hamper growth of the Healthcare Analytical Testing Services market to some extent throughout the forecast period.

Leading companies in the global Healthcare Analytical Testing Services market:

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.

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Some key highlights from 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...Continued

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For this study, Reports and Data has segmented the global Healthcare Analytical Testing Services market based on product and services, application, end-use, and region:

For the purpose of this report, the global healthcare analytical testing services market has been segmented based on type, end-user, and region:

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

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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

Based On Region: (Revenue, USD Billion, 2018 - 2028)

North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Rest Of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Rest of MEA

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