Pharmaceutical analysis serves a variety of purposes. It is often used to identify the chemical composition and molecular structure of each individual substance contained in a medication. This knowledge provides insight into a drug's performance and safety considerations. Pharmaceutical testing can reveal a pharmaceutical's solubility and can predict the medication's ability to reach a specific target within the body. Testing may even reveal contamination in the manufacturing production process or highlight other, previously unknown risks with the formulation. —
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Scope of the Report:
The global market for pharmaceutical analytical testing services is driven by the growing need for the development and cost reduction of core competencies by pharmaceutical companies and the rising acceptance of outsourcing as a key business and growth strategy. Research studies have exhibited that in the year 2012, pharmaceutical and biotechnological companies spend an estimated US$190 mn on in-house analytical development as against the US$664 mn spent on outsourcing analytical testing services. This is likely to strengthen the growth of the market in the coming years.
On the other hand, the lack of skilled professionals and well-established healthcare infrastructure are some of the factors that threaten to hamper the growth of the pharmaceutical analytical testing services market. Apart from this, operational costs, fluctuations in good manufacturing practices (GMP), regulatory policies, and less turnaround times also impact the market growth.
North America is one of the leading regions in the pharmaceutical analytical testing services market and is driven by familiarity with the regulatory scenario and the presence of well-established outsourcing infrastructure. The growth landscape of the Europe pharmaceutical analytical testing services market is slowly catching up, experts have observed.
Countries in Asia Pacific present significant growth potential thanks to the presence of a large pool of skilled professionals and relatively low operational costs. Rising investments in research is also a major factor driving the APAC pharmaceutical analytical testing services market. Investments in routine testing, multiplex protein profiling, biologics such as RNA sequencing, and others are likely to give Asia Pacific the boost it needs over the course of the forecast period.
The global Pharmaceutical Testing Services market is valued at xx million USD in 2018 and is expected to reach xx million USD by the end of 2024, growing at a CAGR of xx% between 2019 and 2024.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Pharmaceutical Testing Services.
Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%.
This report studies the Pharmaceutical Testing Services market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Pharmaceutical Testing Services market by product type and applications/end industries.
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Market Segment by Companies, this report covers
Eurofins Scientific SE
Exova Group PLC
Pace Analytical Services Inc.
West Pharmaceutical Services, Inc.
Lapuck Laboratories, Inc.
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Market Segment by Type, covers
Raw Materials Testing
In-Process and Product Release Testing
Finished Pharmaceutical Products Testing
Market Segment by Applications, can be divided into
Some Major Point of Table of Content:
Chapter One: Pharmaceutical Testing Services Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Pharmaceutical Testing Services Market Competition, by Players
Chapter Four: Global Pharmaceutical Testing Services Market Size by Regions
Chapter Five: North America Pharmaceutical Testing Services Revenue by Countries
Chapter Six: Europe Pharmaceutical Testing Services Revenue by Countries
Chapter Seven: Asia-Pacific Pharmaceutical Testing Services Revenue by Countries
Chapter Eight: South America Pharmaceutical Testing Services Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Pharmaceutical Testing Services by Countries
Chapter Ten: Global Pharmaceutical Testing Services Market Segment by Type
Chapter Eleven: Global Pharmaceutical Testing Services Market Segment by Application
Chapter Twelve: Global Pharmaceutical Testing Services Market Size Forecast (2019-2024)
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