Pharmaceutical Analytical Testing Outsourcing Market Size Worth USD 16.18 Billion in 2032 | Emergen Research

The global pharmaceutical analytical testing outsourcing market size was USD 7.74 Billion in 2022 and is expected to register a revenue CAGR of 7.6% during the forecast period. The pharmaceutical analytical testing outsourcing market continues its upward trajectory, with a steady increase in revenue projected.

Several factors are driving this growth, including a growing focus on biopharmaceutical and biosimilar testing, an increasing number of clinical trial registrations, rising awareness of outsourcing benefits, and escalating pharmaceutical Research and Development (R&D) investments. Additionally, the rising demand for product safety and quality is contributing to market expansion.

The emphasis on biopharmaceutical and biosimilar testing is particularly noteworthy, as it provides flexibility in early-stage initiatives while saving costs on capital infrastructure and specialized personnel. Moreover, the surge in clinical trial registrations is fueling the demand for analytical testing services, with biopharmaceutical companies seeking strategic collaborations through outsourcing and partnership models.

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One example of such collaboration is the establishment of Ichor Clinical Trial Services by Ichor Life Sciences, enabling comprehensive support for biotechnology and pharmaceutical clients from early preclinical research to late-stage clinical trials and FDA approval.

Despite the positive outlook, the market faces certain restraints, including a shortage of skilled professionals, privacy-related concerns, fluctuations in Good Manufacturing Practices (GMP), and complex regulatory frameworks. Data security concerns, in particular, pose challenges as pharmaceutical companies handle sensitive information related to drug formulations and proprietary processes.

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Major Companies and Competitive Landscape

The global pharmaceutical analytical testing outsourcing market is fragmented, with several medium and large-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and novel testing facilities.

Some major players included in the global pharmaceutical analytical testing outsourcing market report are:
• SGS
• Intertek Group plc
• Eurofins Scientific
• Boston Analytical
• Charles River Laboratories.
• Pace
• West Pharmaceutical Services, Inc.
• Ajinomoto Bio-Pharma.
• Gateway Analytical.
• AptarGroup, Inc.
• Alcami Corporation
• Catalent, Inc
• Thermo Fisher Scientific Inc.
• Laboratory Corporation of America Holdings
• WuXi AppTec
• Merck KgaA

Pharmaceutical Analytical Testing Outsourcing Latest Industry News

• In November 2023, Conductor and Acquia, a U.S.-based Software-as-a-Service company, have unveiled a strategic partnership. Under this collaboration, Conductor's AI-powered SEO intelligence, embedded in Conductor's organic marketing platform, will be incorporated into Acquia's Open Digital Experience Platform (DXP). The objective is to empower brands in optimizing their digital experiences and leveraging the traffic-generation capabilities of their website within the Acquia platform.

• In August 2023, Parexel has joined forces with Partex to harness artificial intelligence-powered solutions for expediting drug discovery and development processes. As the preferred Contract Research Organization (CRO) partner for Partex, Parexel will take charge of overseeing the management of clinical trial execution. Through this collaboration, both entities will collaborate to improve clinical trial execution by incorporating Partex's validated AI platform. The objective is to complement and expand Parexel's existing AI tools and capabilities.

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Pharmaceutical Analytical Testing Outsourcing Market Segment Analysis

For the purpose of this report, Emergen research has segmented the global pharmaceutical analytical testing outsourcing market on the basis of product type, service type, end use, and region:
• Product Type Outlook (Revenue, USD Billion; 2019-2032)
o Raw Materials
o Active Pharmaceutical Ingredients
o Finished Products

• Service Type Outlook (Revenue, USD Billion; 2019-2032)
o Bioanalytical Testing
1. Clinical
2. Non-Clinical
o Method Development & Validation
1. Extractable & Leachable
2. Impurity Method
3. Technical Consulting
4. Others
o Stability Testing
1. Drug Substance
2. Stability Indicating Method Validation
3. Accelerated Stability Testing
4. Photostability Testing
5. Others
o Others

• End-Use Outlook (Revenue, USD Billion; 2019-2032)
o Pharmaceutical Companies and Biopharmaceutical Companies
1. Hospitals
2. Specialized Clinics
o Contract Research Organizations (CROs)

• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA

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