Press release
Pharmaceutical Testing And Analytical Services Market 2021-2027 skyrocketed revenue with key players Eurofins Scientific SE, SGS, Envigo, Exova Group PLC, PPD Inc
The Pharmaceutical Testing And Analytical Services Market research report added by MarketInsightsReports is an in-depth analysis of the latest trends, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market introduction, Pharmaceutical Testing And Analytical Services Market definition, regional market scope, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Pharmaceutical Testing And Analytical Services Market size forecast, 100+ market data, Tables, Pie Chart, Graphs and Figures, and many more for business intelligence. This research report also provides post COVID-19 impact analysis of the Pharmaceutical Testing And Analytical Services industry.The Pharmaceutical Testing And Analytical Services Market is expected to register a CAGR of around 10.6%, during the forecast period 2021 to 2026.
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Top Companies in the Global Pharmaceutical Testing And Analytical Services Market: –
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, Polymer Solutions, Boston Analytical, Accuratus Labs, Microbac, ARLBioPharma, Lapuck Laboratories
Industry News And Development:
April 2021, SGS S.A. (Switzerland) acquired SYNLABS Analytics & Services (Germany) to strengthen SGS’ presence in Northwestern Europe, especially in Germany, Benelux, and the Nordic countries.
April 2021, Charles River Laboratories (US) acquired Retrogenix Ltd. (UK), which provides air sampling and quality and offers cell microarray services, to boost its early-stage contract research organization offerings.
Market Overview:
Increase in the amount of clinical trials is a major factor boosting the market. The number of clinical trials being conducted globally has been increasing significantly for the past few years. Rise in the number of clinical trials is being driven by a surge in the demand for innovative solutions in the healthcare industry, owing to technological advancements in the industry. For instance, in 2018, 293,341 active clinical trials were carried out for the design and development of new products.
Increase in R&D spending and increased focus of biopharmaceutical companies on boosting revenues has propelled the pharmaceutical testing and analytical services market. Drug research and development costs are significantly high. These costs have been increasing consistently over the past few years. Cost of manufacturing a new molecule entity (NME) was estimated to have ranged between US$ 2 Bn to US$ 3.5 Bn in 2019.
Global Pharmaceutical Testing And Analytical Services Market Segmentation by Types:
Raw Materials Testing
In-Process and Product Release Testing
Finished Pharmaceutical Products Testing
Environmental Samples
Others
Global Pharmaceutical Testing And Analytical Services Market Segmentation by Applications:
Clinics
Hospitals
Others
Regional Analysis:
Furthermore, to broaden the understanding, researchers have studied the global Pharmaceutical Testing And Analytical Services market from a geographical point of view, considering the potential regions and countries. The regional analysis will assist the market players in making sound decisions regarding their future investments.
Pharmaceutical Testing And Analytical Services Market report includes the following geographic areas such as North America, Europe, China, Japan, Southeast Asia, India and ROW.
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Following are major Table of Content of Pharmaceutical Testing And Analytical Services Industry:
Pharmaceutical Testing And Analytical Services Market Sales Overview.
Pharmaceutical Testing And Analytical Services Market Sales Competition by Manufacturers.
Pharmaceutical Testing And Analytical Services Market Sales Analysis by Region.
Pharmaceutical Testing And Analytical Services Market Sales Analysis by Type.
Pharmaceutical Testing And Analytical Services Market Analysis by Application.
Pharmaceutical Testing And Analytical Services Market -Manufacturers Analysis.
Reasons to Invest:
Market Size Forecasts: The authors of the report have provided accurate estimation of the global Pharmaceutical Testing And Analytical Services market size based on value and volume
Market Trend Analysis: This section of the report throws light on the approaching trends and developments in the global Pharmaceutical Testing And Analytical Services market
Future Prospects: The report here offers crucial information on the rewarding opportunities in the global Pharmaceutical Testing And Analytical Services market
Pharmaceutical Testing And Analytical Services market report allows an understanding of the market and benefits from any lucrative opportunities that are available. Researchers have offered a comprehensive study of the existing market scenario while concentrating on the new business objectives. There is a detailed analysis of the change in customer requirements, customer preferences and the vendor landscape of the overall market.
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