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Rising Chronic Disease Cases Propel Healthcare Analytical Testing Services Market: A Significant Driver Propelling The Healthcare Analytical Testing Services Market In 2025
Healthcare Analytical Testing Services Market Share
What Is the Healthcare Analytical Testing Services Market Size and Projected Growth Rate?
In recent times, the market size of healthcare analytical testing services has witnessed a swift expansion. It is projected to leap from $6.63 billion in 2024 to $7.62 billion in 2025, with a compound annual growth rate (CAGR) of 14.9%. The historic growth surge is associated with factors such as regulatory adherence, development and approval of drugs, enlargement of clinical trials, increase in the aging population, and rise in chronic diseases.
In the coming years, the healthcare analytical testing services market is anticipated to experience significant expansion. It is projected that by 2029, the market will escalate to $13.04 billion, with a compound annual growth rate (CAGR) of 14.4%. The amplified growth during the forecast period can be ascribed to factors such as telemedicine and remote monitoring, drug safety and pharmacovigilance, biopharmaceuticals and biosimilars, emerging markets, and regulatory rigor. The forecast period will also witness major trends including sophisticated analytical methods, data protection and confidentiality, customized medication testing, applications of artificial intelligence and machine learning, along with environmental and pollutant testing.
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What Are the Major Segments in the Healthcare Analytical Testing Services Market?
The healthcare analytical testing services market covered in this report is segmented -
1) By Type: Bioanalytical Testing Services, Physical Characterization Services, Method Development And Validation Testing Services, Raw Material Testing Services, Batch-Release Testing Services, Stability Testing, Microbial Testing Services, Other Types
2) By End User: Pharmaceutical And Biopharmaceutical Companies, Medical Device Companies, Contract Research Organizations
Subsegments:
1) By Bioanalytical Testing Services: Pharmacokinetics Testing, Biomarker Analysis
2) By Physical Characterization Services: Particle Size Analysis, Surface Area Analysis
3) By Method Development and Validation Testing Services: Analytical Method Development, Method Validation
4) By Raw Material Testing Services: Identity Testing, Purity Testing,
5) By Batch-Release Testing Services: Quality Control Testing, Compliance Testing, Stability Testing
6) By Stability Testing: Accelerated Stability Testing, Long-Term Stability Testing
7) By Microbial Testing Services: Sterility Testing, Endotoxin Testing
8) By Other Types: Residual Solvent Testing, Extractables And Leachable Testing
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What Are The Driving Healthcare Analytical Testing Services Market Evolution?
The rise in instances of chronic ailments is predicted to propel the healthcare analytical testing services market in the future. Chronic illnesses are those that last for over three months in humans and encompass conditions such as arthritis, asthma, cancer, diabetes, among others. Healthcare analytical testing services are critical for diagnosing and initiating early interventions for a multitude of patients battling these long-term diseases. For example, Firstpost, an online news and media website based in India, forecasts that by 2025, the number of diabetes cases in India may surge to 134 million. Consequently, the escalating occurrence of chronic conditions is fueling the expansion of the healthcare analytical testing service market.
Which Firms Dominate The Healthcare Analytical Testing Services Market Segments?
Major companies operating in the healthcare analytical testing services market include Almac Group, ALS Limited, Anacura Life Sciences, Charles River Laboratories International Inc., Danaher Corporation, Element Materials Technology Group, Eurofins Scientific SE, ICON plc, Impact Analytical Testing Lab, Intertek Group plc, Merck KGaA, Pace Analytical Services LLC, PPD Inc., Sartorius AG, SourceBio International plc, Steris Corporation, Syneos Health Inc., Thermo Fisher Scientific Inc., WuXi AppTec, Analytical Bio-Chemistry (ABC) Laboratories, Avance Biosciences, Avista Pharma Solutions, Avomeen Analytical Services, BioPharma Services Inc., Boston Analytical, Exova, Laboratory Corporation, MedPharm Inc., Micro Quality Labs, Microbac Laboratories, Microbac Laboratories Inc., Nelson Laboratories LLC, Pacific Biolabs Inc., PPD Inc.
What Trends Are Expected to Dominate the Healthcare Analytical Testing Services Market in the Next 5 Years?
The primary trend surging in popularity in the healthcare analytical testing service market is technological innovation. Top market players are pioneering novel technologies to maintain their market dominance. To illustrate, Charles River Laboratories International Inc., a US-based pharmaceutical organization offering clinical analytical and drug discovery services, and Valo Health Inc., a US firm engaged in the drug discovery process, unveiled the Logica analytical platform in April 2022. This AI-driven drug testing platform helps in designing drug molecules, synthesis capabilities, and DNA-encoded libraries. Furthermore, it seamlessly converts biological testing results into optimized preclinical outcomes, thereby enhancing drug discovery and biological testing.
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Which Is The Largest Region In The Healthcare Analytical Testing Services Market?
North America was the largest region in the healthcare analytical testing services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare analytical testing services market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Healthcare Analytical Testing Services Market?
2. What is the CAGR expected in the Healthcare Analytical Testing Services Market?
3. What Are the Key Innovations Transforming the Healthcare Analytical Testing Services Industry?
4. Which Region Is Leading the Healthcare Analytical Testing Services Market?
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